CRYPTO20 price is $0.03196264
As of now, CRYPTO20 (C20) is valued at an impressive $ 0.03196264. Over the past 24 hours, the trading activity has seen a increased of +0.00%%.
CRYPTO20, represented by the C20 token, is a one-of-a-kind autonomous crypto-only index fund that operates similarly to how the S&P500 tracks the top 500 company stocks in the United States. This means that by buying a C20 token, you essentially gain exposure to the performance of the top 20 cryptocurrencies on the market.
But unlike traditional funds, CRYPTO20 is fully autonomous - it uses advanced algorithms to automatically rebalance the assets in the fund to maintain the optimal portfolio structure.
Daniel Schwartzkopff, a serial entrepreneur and blockchain enthusiast, is the creator behind CRYPTO20. The goal of Daniel and his team was to create a fund that would allow investors easier access to the benefits of a diversified cryptocurrency portfolio.
CRYPTO20 operates on the basis of an Ethereum-based smart contract. When you invest in CRYPTO20, you essentially buy C20 tokens, which represent a proportional interest in the fund's underlying assets.
The fund automatically tracks the top 20 cryptocurrencies and adjusts its holdings based on each currency's performance. The unique part is that any investor can liquidate their C20 tokens at any time for their share of the underlying assets via the smart contract - cutting out the middleman entirely.
One of the standout aspects of CRYPTO20 is that it’s the first tokenized crypto-only index fund, providing investors with a passive way to gain exposure to the top 20 cryptocurrencies without needing to actively manage or rebalance their own portfolio.
Additionally, CRYPTO20 has a unique liquidation option. Rather than selling your tokens on the open market, you can opt to liquidate your C20 tokens via the fund’s smart contract. This means you can essentially trade your C20 tokens for a share of the underlying assets that make up the fund.
Like any investment, there are risks involved. One of the primary risks is the inherent volatility of the cryptocurrency market. Even though CRYPTO20 helps to spread this risk by diversifying investments across the top 20 cryptocurrencies, significant losses can still occur if the entire market drops.
It's crucial to remember that while this information is factual, it's not financial advice, and potential investors should carefully consider their own situation and risk tolerance before buying C20 or any other cryptocurrency.
At present, there are approximately C20 coins circulating in the market. The total supply of CRYPTO20 is capped at 17.7M. The value of all C20 coins in circulation is what makes up the fund's net asset value (NAV).
CRYPTO20 (C20) is available for purchase on the following exchanges: HitBTC To buy C20 tokens, you'll usually need to first purchase a more widely-accepted cryptocurrency, like Bitcoin or Ethereum, and then exchange it for C20.
Keeping your CRYPTO20 coins safe should be a top priority. The best way to do this is by using a secure wallet that you, and only you, have control over. Hardware wallets are considered to be one of the most secure options. Key security practices include keeping software updated, enabling two-factor authentication, and being wary of phishing attempts.
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