Review on CRYPTO20 by RODRIGO REIS
An innovative project!
Crypto20(C20) is a fully tokenized index fund. It is invested in the top 20 cryptoassets by market capitalization. Each cryptoasset is capped at 10% with a weekly rebalance enforcing capping rules
The fund is suitable for medium to long-term investors.
However, you will still be investing in a highly volatile market. Take care!!!
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Pros
- Crypto 20 operates without broker fees and withdrawal fees, and you are able to manage all of your assets with a single token
- Crypto20 offers an innovative low-cost way to invest in cryptocurrency
- Crypto 20 offers blockchain transparency. Traders are able to track the underlying assets of the tokens and see exactly where they are at all times
- C20 tokens can be redeemed for their underlying value in ETH, allowing investors to exit the fund within an hour
- A smart contract that Ensures that the tokens price can never fall below its underlying assets.
Cons
- CRYPTO20(C20) token has low price and low volume trading
- At the moment, C20 tokens can only be purchased on 4 exchanges
