crypto20 have updated their blog and claim they want to the Vanguard for cryptocurrencies. Vanguard is the company who invented index investing in stocks and shares and has save ordinary investors billions in fees.
- Expect a new umbrella website and additional fund types by the end of the month.
- The new fund types are unique and operate around the same theme of quality, data-science backed work — not human intuition.
- ico investors will have priority access to these funds.
- We are also working on a secondary mechanism for access which will involve proving ownership of a certain amount of C20 tokens.
The last point is important because it should drive up the price the existing Crypto20 token further above NAV to the benefit of holders.
The full press release is here.