12 days to go till 108 Token Sale Phase I ends. Buy your tokens now.
108 Token’s assets represent a portfolio of the top 15 cryptocurrencies. Financing raised via 108 Token is held in the underlying digital assets that are represented by the token.
This portfolio will be rebalanced on a monthly basis to match the criteria of top 15 cryptocurrencies and 20% weight caps on individual constituents. Portfolio rebalancing at regular intervals is a common aspect of index funds as it allows the portfolio to track the underlying index closely and restores the weights of index constituents after deviations from the benchmark index. We believe that monthly rebalancing is optimal as it reduces trading costs, in comparison to a more frequent rebalancing strategy (weekly, fortnightly, etc.) while keeping the tracking error in check.
Monthly rebalancing also allows the effective implementation of cold storage solutions. The 108 Token team reserves the right to exercise discretion at times to exclude obvious scams and ill-conceived token offerings from its portfolio to protect buyers’ wealth. The criteria and selective reasons for the exclusion of certain crypto assets will be communicated to our buyers prior to the next rebalancing date.
Crypto markets are relatively calmer today with most of the top 10 currencies trading more or less flat in the past 24 hours. Bitcoin, at $6,445, gained 1.24%, while the price of Ethereum was relatively unchanged at $293.56. Tezos was the best performing currency overnite, gaining 7.52%.
Data sourced from OnChainFX.com.
Crypto Tweet of the Day:
Take a look at our latest product, a tradeable crypto index, 108 Token. 108 Token immensely simplifies crypto buying by offering diversified exposure to a basket of the top 15 cryptocurrencies by market cap. Think of it as the equivalent of buying in the S&P 500 of cryptocurrencies. With 108 Token, buyers never worry about coin selection, wallet management and portfolio rebalancing.
Also, you can earn free tokens by referring folks you know to 108token.
BTC vs 108 Token Historical Performance:
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