Review on CRYPTO20 by francis fernandez
Crypto20: a digital portal for financial information of the top 20 cryptocurrencies
Crypto20 is a digital portal that provides relevant and continuously updated information on the top 20 crypto assets that are traded on the stock market.
Its mission is to consolidate a portfolio of cryptocurrencies under the same platform with the graphic representation of fluctuations in values and returns.
The platform token is identified with the acronym C20 and constitutes the executing engine of commercial transactions, exchanges, reward system and fees.
How useful is Crypto20?
This platform serves as a digital informational billboard for investors and users who wish to enter the world of cryptographic market capitalization, by offering performance analysis of the 20 most traded cryptocurrencies for a given date; allowing you to make reasonable decisions regarding the selection of cryptoassets with an acceptable level of performance.
Another of its great advantages of Crypto20 is that it allows you to use an autonomous token to manage a diverse portfolio of digital assets, allowing you to buy, exchange and trade cryptocurrencies in an easier, faster, cheaper and safer way.
What technology does Crypto20 use?
C20 is a standard ERC-20 token of the Ethereum chain that works autonomously by executing smart contracts from the same Ethereum blockchain.
How are C20 tokens generated?
The C20 token arises as a consequence of the purchase of the main 20 capitalized digital currencies acquired with the fund resulting from the sale of tokens. In this way, the C20 group is issued and valued based on the result of dividing the amount of cryptocurrencies between the acquired Crypto20 tokens.
The value assigned to C20 is called NAV or liquidation value. This value is fluctuating due to fluctuations in the value of Crypto20's wallet digital assets.
Pros
- Provides access to an informative digital billboard of financial indicators of the main crypto assets.
- It is very useful for investors who are looking for updated and real information on digital assets to manage their investment.
- Consolidate a group of 20 cryptocurrencies under the same platform to save time searching for information individually.
- It is a token with autonomy to represent a diversified portfolio of assets.
Cons
- There are no disadvantages in its use.
