Trident coin (website) have announced the launch of a Top 10 Crypto Index fund. The specification is similar to the Crypto20 although the fund entry cost is slightly higher at 25% verses 20%. Like Crypto20 they hope to list on an exchange and it reasonable to hope that the liquidity premium will mitigate the fund entry cost.
ICO Danger Warning for Trident coin
The Crypto20 ICO’s white paper was an example of a good whitepaper, it provided clear information about the management team and the company promoting the offering. Trident’s whitepaper does not even tell you who to whom you will be giving your money and they have no address on their website. On Trident’s website they have a “lending service” that promises investors 42% interest per month. This looks suspiciously like the Bitconnect service that disappeared this week amid allegations of being a Ponzi scheme.
Investors who would like like to invest in an index fund would be better off considering on the others on our Cryptocurrency Index Fund page.