9 days to go till 108 Token Sale Phase I ends. Buy your tokens now.
With the preponderance of cryptocurrencies that are available in the market, coin selection for non crypto-savvy investors is clearly a big barrier which needs to be addressed. Due to a large number of options, investors tend to get overwhelmed by the research and market know-how required to sensibly invest in digital assets. Indeed, many investors may hold only Bitcoin or Ethereum, thus exposing themselves to large idiosyncratic risk by not diversifying.
108 Token aims to provide a diversified exposure to a basket of cryptocurrencies that takes away the complexities involved in buying and selling individual cryptocurrencies. By diversifying risk across multiple currencies, 108 Token eliminates the idiosyncratic risks pertaining to a particular cryptocurrency and increases the return per unit risk of the portfolio.
108 Token tracks the value of the top 15 cryptocurrencies by supply-adjusted market cap. After rigorous back testing of various indexing strategies by changing the the number of index constituents and rebalancing frequency, we arrived at ‘Top 15’ as this provides the optimal diversification of risk without exposing the portfolio to a long tail of thinly-traded cryptocurrencies.
Crypto markets have performed quite well across the board in the past 24 hours with all the top 10 currencies recording gains. Bitcoin, at $6,690 added 5.01% to its price, while Ethereum gained 2.45% at $286.39. Bitcoin, EOS and Litecoin, all moved positively by over 5%, with EOS being the best performing currency at 5.57%.
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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