Managing your own Cryptocurrency Portfolio can prove difficult and complicated. What if you could be part of an automatic index fund instead? Taking the extremely successful process from the S&P 500, C20 is bringing the index fund concept to the crypto world.
This is a brand new altcoin on the market. Could this be one of the best altcoins to buy in 2018? If you are bullish on Cryptocurrencies as a whole, this coin could prove lucrative moving forward.
Cryptocurrency Market Caps: https://coinmarketcap.com/
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I think there is risk here. It looks like they're holding the entire portfolio of coins on a bunch of foreign unregulated exchanges? What happens to the fund when one or more of these exchanges blow up?
Right from their whitepaper:
"A small, dynamically allocated percentage of
CRYPTO20’s assets will be held by the smart contract
(in ether) to facilitate the liquidation option. This amount
will be controlled automatically as usage demands. The
vast majority of other cryptocurrency assets will be held in
various cold storage wallets."
Aside from the small amount that Crypto20 keeps in case someone want's to liquidate their coin directly to them, the vast majority of their assets are kept offline in cold storage.
it is beating btc and the market.when a dip occurs people might be cashing out for c20 because it puffers losses. happened yesterday. in addition to that generated GAS and DASH from the MN are reinvested. c20 is by far my best investment. hodling for years
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Yes but the SP500 actually has companies that MEAN something to the economy. Most of that top20 is full of vaporwave and failed projects that don't deliver what they promised to deliver, cough BTC cough. It is doomed to fail when the shitcoin market plummets. After that day, the coins that survive, the ones that have a technological viable protocol, then it will be a good time for an index type-a coin.
Wow, i'm really not sure how you came to that conclusion! It's an index fund protected by a smart contract that has been audited by a third party. It could not be more transparent. Its also clearly nothing like bitconnect. You should probably google what an index fund is.
So essentially the only difference that you see here is that C20 lacks a referral systems and it trades with the top 20 coins instead of just BTC. Otherwise eeringly similar!!! I think we should be very skeptical of a Index Fund in the Crypto World.
I saw this a couple of weeks ago...looks great on paper. It would appear it is trading at a huge premium to the NAV (combined value of the 20 underlying coins). In other words, you would get move value buying the individual cois separately vs the c20 token right now. Arbitrage shoud close that gap. C20 should be activley selling tokens to go buy more of the 20 coins to close that premium. Until I see evidence of that I am not sure I like this one just yet.
The miners are interested in finding a nonce which will create a hash with certain characteristics. Lastly, they have to find a random value that they included in the header, which makes the computed hash over that header a value below a particular target. In other words, they do not have to agree to change the protocol. Though there are a few gold diggers attempting to fill their pockets and certain projects that aren`t viable and shouldn`t be encouraged in any way. For users running a complete node, it is a fairly painless procedure to upgrade the software to the newest version. The process of locating a new block to extend the blockchain is known as mining. Proof-of-Work systems utilize cryptographic hashing algorithms to create the action of mining a block a complicated computation. Our software is totally incompatible with altcoins. Changes and modifications to how that it works need to be approved by consensus and every CPU gets a vote. To start with, it`s essential to realize that hardware wallet users control entirely their private keys. Whether you`re bullish or bearish on Bitcoin Gold, you ought not lose your coins as a result of careless mistakes! On the 1 hand, it may result in making a coin that solves all the pending issues. There`s no currency or digital asset named Bitcoin Core. Bitcoin Cash increases the range of transactions that may be processed per block. You could send any quantity of money, any place in the Earth, almost at no cost. You`ve made some great money already on the market, but you want more. For a wealthy individual, BTC`s price premium may be viewed as a plus. For someone without lots of money, BCH`s low price may look like a great deal for Bitcoin. If you have some concerns about the worth of Bitcoin after all forks, you need to be ready for a drop. The distinction is that not all of these suffer the chain split. The primary problem is Bitcoin imposes a hard limit on the magnitude of a block, the location where transaction information becomes stored. The end result is many straightforward wallets, called SPV wallets and very commonly found on your phone, will be quite confused about which chain is Bitcoin. In Bitcoin, the most important reason is known as the network effect.