2 days to go till 108 Token Sale Phase I ends. Buy your tokens now.
108 Token is an ETF-style token that represents a basket of the top 15 cryptocurrencies. It works as an index which tracks the price movements of the underlying basket of cryptocurrencies, depending on their supply-adjusted market capitalization.
In contrast to the proliferation of ICO projects that are rife with ‘puffery’ and ‘charlatanism’, 108 Token is a finished product that offers complete transparency and whose value can be viewed in real-time. Indeed, 108 Token will be supported by an upcoming exchange ZenRelay. For e.g. - there are multiple projects commanding high valuations without a finished product or even timelines that detail milestones. When the liquidity drains out in a bear market, a majority of the speculative altcoins lose a significant part of their value.
Being an index token whose value is tethered to prices of the underlying assets and is rebalanced periodically, 108 Token inherently replaces coins that are falling out of favor with the emergent ones. The token also provides a hedge against idiosyncratic risks of a cryptocurrency project by diversifying the investment across a wide range of highest-valued cryptos.
The token portfolio maintains an optimal mix of cryptos with meaningful real-life utility such as BTC, ETH, etc. and potential disruptors such as EOS, XTZ, etc. Investing in the potential disruptors allows the investors to capture outsized returns, while limiting the downside through investments in utility currencies if the disruptor thesis does not play out.
Crypto markets continue on their recent bull run across the board, with all of the top 10 cryptocurrencies recording decent gains yet again. Bitcoin crossed the $7,000 mark to price at $7,095, representing gains of 2.66%. Ethereum also added 3.48% to its price, currently at $294.64. The highest gains came from EOS at 14.97%.
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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