There are literally thousands of cryptocurrencies for investors to choose from. Choice paralyzes. Choice adds cost, complexity and the need for advice. CRYPTO10 eliminates this complexity for the new crypto investor.
CRYPTO10 provides a way to track the performance of the crypto markets as a whole by holding a single crypto asset. Index funds have consistently beaten the average managed fund since their inception.
The nature of an open-ended fund allows investment on a recurring basis. Once every hour the net asset value (NAV) of the fund will be determined in USD terms, this is the price at which tokens are bought and sold. Each time at which the new token price is calculated; tokens are distributed to users who have sent an investment.
Illustration of NAV calculation
C10 tokens can be redeemed for their underlying value in ETH by interacting directly with the smart contract and requesting a redemption. Once the USD NAV price per token is determined, the investor will receive the USD equivalent value in ETH in return for their redeemed tokens. Both the investment and redemption process can be completed via a DApp hosted on the Invictus website; making the investor user experience seamless and intuitive.
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