/biz/ - Business & Finance

Why aren't you holding the first tokenized index of cryptocurrencies? Don't you know that indexes outperform actively managed portfolios? Sure, play with your small cap shitcoins, but hedge your bets with this shit right here. Then sit back and just wait for adoption. That's it!

Why is c20 not your biggest long term hold? Heres how it works:

The ico raised funds to purchase the underlying assets (the top 20 cryptos by market cap, algorithmically balanced according to market cap and performance). The portfolio is rebalanced weekly. Then the net asset value (fund value divided by number of tokens) serves as a floor for trading price because holders can cash out tokens at nav price via a smart contract. (Becahse if you can sell to the smart contract for a higher price than on the exchange, why sell on the exchange at all?)

It traded at about 1% below nav last week though - I believe this is because Americans can't yet get kyc approval for the cashout option. Still, if you're lazy like me and just want to ride the wave to mass adoption, I'd keep an eye on this asset. So far it has outperformed the total crypto market cap as well as about half of the coins it holds. Seems like a solid bet imo.

Also, Invictus Capital is working on other types of funds besides c20 that will include lower mc coins.

Has anyone bought into it? It looks legit and would be a better way of investing and holding.

What do you think about this?