Fund Value
$
Token
C20
Token NAV
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C20 Movement
In 2017, our team successfully pioneered the first tokenized crypto-only index fund, which used the seed funding to buy the underlying crypto assets. There are no broker fees, no exit fees, no minimum investment and full control over your assets. Full blockchain transparency.
CRYPTO20 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.
Learn moreThere are literally thousands of cryptocurrencies for investors to choose from. Choice paralysis: choice adds cost, complexity and the need for advice. CRYPTO20 eliminates this complexity for the new crypto investor.
1 // INVESTOR OPTION TO LIQUIDATE TOKENS 2 3 function withdraw() external { 4 address investor = msg.sender; 5 uint256 tokens = withdrawals[investor].tokens; 6 require(tokens > 0); 7 uint256 requestTime = withdrawals[investor].time; 8 Price price = prices[requestTime]; 9 require(price.numerator > 0); 10 uint256 withdrawValue = safeMul(tokens, price.denominator) / price.numerator; 11 withdrawals[investor].tokens = 0; 12 if (this.balance >= withdrawValue) 13 enact_withdrawal_greater_equal(investor, withdrawValue, tokens); 14 else 15 enact_withdrawal_less(investor, withdrawValue, tokens); 16 } 17 18 function enact_withdrawal_greater_equal( 19 address investor, 20 uint256 withdrawValue, 21 uint256 tokens 22 ) 23 private 24 { 25 assert(this.balance >= withdrawValue); 26 balances[fundWallet] = safeAdd(balances[fundWallet], tokens); 27 investor.transfer(withdrawValue); 28 Withdraw(investor, tokens, withdrawValue); 29 } 30 function enact_withdrawal_less( 31 address investor, 32 uint256 withdrawValue, 33 uint256 tokens 34 ) 35 private 36 { 37 assert(this.balance < withdrawValue); 38 balances[investor] = safeAdd(balances[investor], tokens); 39 Withdraw(investor, tokens, 0); 40 } 41
The C20 tokens are directly tied to the underlying assets with a unique liquidation option in the smart contract. This protects the asset price and ensures it is never able to fall below the token's share of the underlying assets.
— John C. Bogle, founder of The Vanguard Group and inventor of the index fund.
No - CRYPTO20 is not a platform. It is an autonomous, high-performance, low-cost cryptocurrency index fund. Development of the trading system is complete - CRYPTO20 offers value now, not at some point in the future. Diversification to the top 20 cryptocurrencies is now possible by holding a single token.
CRYPTO20 has been established in the Cayman Islands jurisdiction. The Caymans are a popular international jurisdiction for the incorporation of investment funds.
The Cayman jurisdiction has seen a strong increase in private equity funds year on year over the past decade. The popularity of Cayman private equity funds has been fuelled by the increase in hedge fund managers growing into the private equity space and by the increased use of private equity funds to pursue distressed asset investments.
The Cayman limited liability company (LLC) was introduced last year as a flexible, tax-neutral low-cost fund vehicle with a corporate personality.
The LLC is a flexible structure ideally suited for use as a closed-end investment vehicle. The Cayman LLC was established under legislation that was drafted with the key terms of private equity vehicles in mind.
The registration, due diligence and reporting requirements which arise from this legislation is generally delegated to a private equity fund’s administrator. The procedures are closely aligned with existing anti-money laundering (AML/KYC) requirements to ensure that the use of Cayman vehicles for private equity structures remains a low cost option.
Please see this Deloitte report for more.
Please see our public reporting requirements document.
An Agreed Upon Procedures engagement has been completed by KPMG; you may see the procedures Crypto20 requested to be performed in the report here.
Please see our learn page to discover more about index funds and crypto investment.
Fund automation will allow us to operate in a sustainable low-cost skeleton fund capacity and offer management fees of only 0.5% p/a as opposed to the 3% p/a plus 0.5% exit fees offered in the crypto market at the moment.
There are many reasons to utilize blockchain technology for CRYPTO20:
There are many reasons:
We will integrate the additional tokens into the CRYPTO20 fund as soon as we are able and then follow normal rebalancing procedure (and as such this token may or may not then form part of our fund composition). It is likely that the value of the fund will increase and this will be passed on to C20 token-holders.
You will need to purchase C20 tokens on an exchange. Check out the exchange page to see which exchanges C20 is trading on.
Please see our recommended guide: How to Buy Bitcoin.
The built-in smart contract liquidation function enables investors to withdraw ether based on their share of the fund's underlying assets. This process is entirely autonomous and withdrawals do not require authorisation or extended waiting periods (as is often the case with other investments).
Investors submit a withdraw request to the smart contract which then enables them to withdraw the ether amount corresponding to their tokens' net-asset value (less a 1% trading fee). The realised withdrawal price is based on a forward pricing policy. This means that the ether withdrawal amount will be calculated based on the next published NAV price.
Please see our liquidation page.
Active traders and fund managers generally have a far higher fund expense ratio than index funds - around 3% p/a as opposed to index funds which offer closer to 0.5% p/a. The effect of this is that the aggregate return of investors is less than zero sum which makes outperformance compared to an index fund and to the market much less likely.
Over a 10-year investment horizon more than 80% of large-cap fund managers failed to outperform their benchmark index. The odds of picking a winning fund manager are also low: studies show that irrespective of past performance, future performance is virtually random.
Be wary of salesmen, brokers and fund-managers that offer surefire strategies or trading bots that they promise will consistently beat the market.
Net asset value (NAV) represents a fund's per share market value. Net asset value (NAV) is significant only for open-end mutual funds. It is a simple calculation - just take the current market value of the fund's net assets (securities held by the fund minus any liabilities) and divide by the number of shares outstanding.The most important thing to keep in mind is that NAVs change daily and are not a good indicator of actual performance because of the impact yearly distributions have on NAV (it also makes mutual funds hard to track).
Yes you can, it is like any other ERC20 Token.
Please make sure that your wallet is fully synced (if applicable), and that you have added a C20 to your custom token list.
C20 tokens did not show up on etherscan initially as tokens were allocated directly and did not trigger the specific ‘transfer’ event that etherscan detects. Once tokens are tradeable they will be detected the same as any other ERC20 token.
IMPORTANT LEGAL DISCLAIMER Access to products and services detailed on this website may be restricted for certain persons or countries. In particular, the products and services referred to herein are not available to U.S. Persons, as defined by Regulation S of the United States Securities and Exchange Commission, as amended (“U.S. Persons”). The information contained on this website is not available to U.S. Persons. Investors who are such "U.S. Persons" should not view this website. The provision of the information in this website does not constitute an offer of securities to any person in the United States or to any "U.S. Person." Crypto20 is not registered under the U.S. Investment Company Act of 1940, as amended, nor is the sale of Crypto20 tokens registered under the U.S. Securities Act of 1933, as amended. Consequently, it cannot be offered for sale or be sold in the United States, its territories, possessions or protectorates under its jurisdiction, nor to nationals, citizens or residents in any of those areas, except pursuant to a valid exemption. More generally, the products and services presented on this website may only be purchased in jurisdictions in which their marketing and distribution are authorised. Crypto20 advises all interested parties to check in advance whether they are legally entitled to purchase the products and/or services presented on the website.
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