 | Crypto20 (C20)ICO The First Tokenized Cryptocurrency Index Fund. IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
|
OpenTechnical details
CRYPTO20 will be automated via API integration with multiple exchanges, possibly including but not limited to: Bitstamp, Bitfinex, BTer, Bittrex and Poloniex. The full list of exchanges utilized will be available on our website when trading begins. Additional exchanges will be added when vetted and APIs with the minimum sufficient functionality are made available. Ethereum erc20 standard token.
What is Crypto20
The Crypto20 initial tokens can only be acquired during the token offering process which is a one off, closed cap offering. The tokens provided will represent a participants share of the portfolio. 98% of the total amount contributed during the offering will go directly towards buying the underlying cryptocurrencies. C20 is an ERC20 token based upon the Ethereum blockchain.
The tokens value is linked directly to the 20 underlying cryptocurrency assets held by CRYPTO20 via the innovative price floor mechanism implemented in the smart contract. The smart contract allows participants to cash out for their share of the underlying assets at any time. Crypto20 allows for access to a diverse cryptocurrency portfolio by holding a single token. The tokens will be tradable on exchange post-ICO and no further tokens will be issued.
Crypto20 ICO participants will have priority acceptance into these very limited cap funds and C20 tokens will be transferable into these funds.
The Crypto20 backend runs as a cluster of containerized services using a thoroughly scalable and redundant architecture running on Kubernetes.
Crypto20 will be automated via API integration with multiple exchanges, possibly including but not limited to: Bitstamp, Bitfinex, BTer, Bittrex and Poloniex.
Crypto20 will operate on a quarterly reporting basis with annual accounts.
DetailsPublic sales: Oct 14, 2017 - Nov 28, 2017Raised: 37,698,373 USD | Token infoTicker: c20Dividends: No dividends. Accepted currencies: LTC, ETH, BTC Token distribution: ICO Fund Utilization: 98% Underlying Assets 2% Operational Expenses Token Distribution: ICO Participants -87% Team - 7,5% Marketing - 2,5% Security - 1% Legal - 1% Advisors - 0,5% Bounty - 0,5% |
Crypto20 Roadmap
Initial Research and Development
Developed the team and concept; conducted thorough backtests to determine fund hyperparameters; set wheels in motion to create a compliant legal structure.
Develop Smart Contract & Autonomous Trading System
Developed innovative CRYPTO20 smart contract to best practice specifications; developed back-end for multi-exchange trading.
Finalize Smart Contract & Trading Protocol
Complete smart contract to audit-ready state. Optimized autonomous index trading algorithm to mitigate front-running and slippage. Consultation with industry expert advisors.
Test Trading System; Security Audit
Began security audit and code review process.
CRYPTO20 Public Launch
Go public! Begin marketing and public relations. Token presale on 7 Oct.
C20 Token Pre-Sale
5% Bonus will be given to investors participating in the pre-sale.
C20 Token ICO
Token ICO. Tokens minted and issued to investors.
Initial Top 20 Coin Acquisition; On-going Marketing & Investor Relations; First Rebalancing Procedure
Initial coin holdings acquired; final fund sheets and reporting structures released to retail investors. First fund rebalance is performed and monitored.
Public Audit of ICO Funds
Big 4 Accounting Firm to audit and release statement verifying holdings.
Public Launch on Exchange; Data Collection; Regular Fund Operation
C20 Token is listed for trade on exchange. The data pulled from the multiple exchanges - order books, volumes etc. will be stored. After ~6 months of operation, the deep dataset collected will be used to inform future crypto product and fund development; incl. AI-managed funds by partner DataProphet. CRYPTO20 ICO participants will have priority acceptance into these very limited cap funds.
Project team
Advisors
Social media
