CRYPTO20 (C20) is the first cryptocurrency tokenized index fund. CRYPTO20 allows users to get the diversification benefits of holding the top twenty cryptocurrencies with the ease of holding a single token, C20. According to its whitepaper, C20 is the utility token of CRYPTO20. CRYPTO20 is a fully functioning product whose token value is based on product benefits and net asset value of the twenty underlying cryptocurrencies. However, CRYPTO20 cuts out the middleman and offers significantly lower fees. The benefits include convenience, no exit fees, no broker fees, full transparency, complete control, and a lower price bound. There is no need for users to keep C20 tokens on a centralized platform, and they are free to trade or exchange their tokens without restrictions.

CRYPTO20 gives access to a diverse cryptocurrency portfolio by holding a single token. The tokens are tradable on exchange post-ICO, and no further tokens are issued. As the top twenty cryptocurrencies by market capitalization change, CRYPTO20’s holdings also change. Such a rebalancing process permits the cryptocurrency market index tracking and acts as an effective risk mitigation strategy. CRYTPO20 is bought with crypto and holds only cryptocurrencies, bringing stability and old-economy funds into the ecosystem to boost liquidity. CRYPTO20 aims to benefit the community with market transparency. Conventional traders who were uncertain about funding in a single technology can now have an option to support the emerging cryptocurrency market through CRYPTO20.

CRYPTO20 structure is analogous to a new hybrid type called a closed-hybrid fund (CHF). A CHF is a closed-end fund that trades with an index strategy. The platform used Ethereum blockchain because of security and predictability and the use of robust and well-supported clients. A small percentage of CRYPTO20’s assets seeks to be held by the smart contract to facilitate the liquidation option. A smart contract is a self-regulated contract with the term of the agreement between traders directly written into lines of code. The amount seeks to be controlled automatically as usage demands.

Further, C20 tokens can be traded anytime, and there are no legacy banking fees or expensive fund managers. The tokens are directly tied to the underlying assets with a novel liquidation option that the smart contract can exercise. According to the link available on its website, C20 directly holds the top twenty crypto assets purchased off the spot market. Other features of C20 are weekly rebalancing and other returns.

CRYPTO20’s whitepaper was launched on October 15, 2017 by Daniel Schwartzkopff, Luke Schwartzkopff, Raymond Botha, Matthew Finlayson with Frans Cronje, on behalf of CRYPTO20. The CEO and co-founder of CRYPTO20 is Daniel Schwartzkopff.

We update our CRYPTO20 to SGD currency in real-time. Get the live price of CRYPTO20 on Coinbase.

The current market cap of CRYPTO20 is S$232.67K. A high market cap implies that the asset is highly valued by the market.

The all-time high of CRYPTO20 is S$8.40. This all-time high is highest price paid for CRYPTO20 since it was launched.

Over the last 24 hours, the trading volume of CRYPTO20 is S$0.00.

Assets that have a similar market cap to CRYPTO20 include Darwinia Commitment Token, Hyve, Aurigami, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of CRYPTO20 is 40 million.