Crypto20 (C20) is an Ethereum based token complying ERC-20 standards. Crypto20 is the first cryptocurrency-only tokenized index fund. Crypto20 cannot be considered as a platform but is itself a fully developed product which cuts out the middleman and offers lowest fees to traders. The working model of Crypto20 is similar to Vanguard 500 which maintains a portfolio based on market capitalization of top 500 US public limited companies. Crypto20 will select 20 top cryptocurrencies autonomously andShow more [+] will be adjusted over time by the process called rebalancing. Crypto20 token (C20) represents a portion of the total value of Crypto20 cryptocurrency index. Crypto20 has other advantages such as there are no fee for selling, buying or exchanging the tokens. There is also no broker fee, exit fee or advice fee. The only fee that incurs annually is the fixed fee of 0.5%.
Danie Schwartzkopff is the founder of Invictus Capital, the parent company of Crypto20. He is also the present CEO, head of Business development, marketing, and operations. The team consists of 7 other members. The advisory board comprises of 11 members including Jon Matonis who is founding director at Bitcoin Foundation.
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