As World’s first Cryptocurrency Index Fund, CRYPTO20, flies past $14 million in ongoing token sale

With just over a week remaining of its current token sale and more than 4500 backers, CRYPTO20, the world’s first Cryptocurrency Index Fund, has already surpassed $14 million in funding.

CRYPTO20 is a finished product, unlike many of the other offerings around today, which allows individuals the opportunity to own a diversified crypto portfolio through one simple token, simplifying the previously complex world of interchangeable online currency trading.

Despite decades of data, billions of dollars of funding and hundreds of analysts at their disposal, actively managed funds have previously failed to beat the market index. When they have broken through, the fees end up diluting returns aright back down to index or sub index levels again.

This funding round comes after CRYPTO20 raised $5 million in an oversubscribed pre-sale and the public token sale is currently running with over $14 million invested. With over a week left to run, the team behind CRYPTO20 is expecting to build even further and hoping to cross the $20 million mark.

The fund’s token, C20, is a representation of an investor’s share of the fund, and the fund’s value is equal to the combined value of its assets. CRYPTO20, unlike many of the other offerings in the marketplace today, is a finished product and not a platform.

“Cryptocurrencies afford us an opportunity to create the world anew. So why are we installing middlemen and building bloated platforms? CRYPTO20 eliminates all the third parties involved in taking ‘cuts’ of investor returns by going direct to the end-user as a token itself. No platform fees, no broker fees, no advice fees.”

— Daniel Schwartzkopff, Founder & CEO, CRYPTO20

As evidence of this fact, CRYPTO20 has released trading tools and insights that are generated live from the eight exchanges connected to the system via a simple, unified API. The trading tools are available in the fund investor portal and include information on slippage, the best price and trading pair to acquire assets with and the volume by exchange.

Token-holders are able to liquidate the C20 token for their share of the underlying assets via the smart contract. By going directly to the end-user as a cryptocurrency itself, CRYPTO20 gives investors the ability to sell or exchange their tokens at will. The fund is fully AML/KYC compliant and operates as a registered LLC in the Cayman Islands, a popular fund jurisdiction.

The CRYPTO20 fund mitigates risk and volatility, and historically has provided better returns than the market cap leader, Bitcoin, alone.

About CRYPTO20: CRYPTO20 is a crypto index fund that will use the ICO funding to buy the underlying crypto assets. No broker fees, no exit fees, no minimum investment and full control over your assets. Full blockchain transparency.

WEBSITE: www.crypto20.com