Crypto20 Token to be Listed on HitBTC
Cryptocurrency Index Fund, News 2017-12-31Crypto20 has announced that the C20 token will be listed on HitBTC on 15th January 2018. They have also listed on the EtherDelta decentralised exchange. Crypto20 is one of the first cryptocurrency index funds to issue a token. It is closed fund and analogous to an investment trust. It can trade a premium to its Net Asset Value (NAV) if there is demand.
Disclaimer:
The author has investments in C20.
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2 Comments
Too bad I missed the ICO. Will have my fund on hitbc ready to buy this coin on the 15th. I am a top down investor/trader and finally there is a good looking index I can put my funds in instead of running around like a chicken with its head cut off trying to keep up on the tech of these projects.
Yes. I did invest in the ICO and I have found that it has soundly beaten my other investments that I auto-invest using Coincube. It is also much less effort. A key feature of this coin is that can you liquidate it to Ether at any time. This is really special because it limits the counterparty risk. This can only be done with crypto and is very clever. You might also want to consider Bit20 (Bit Twenty) I have not blogged this yet but I think it is another very smart use of crypto.