For those unfamiliar with what it takes to invest in crypto, there are major learning curves that center around technical complexities, security concerns, and sophisticated scams. And if you figure all that out, putting together a diversified portfolio of different crypto is, to put it lightly, an unpleasant user experience that likely involves multiple wallets, various exchanges, and enough KYCs to drive even the most patient people insane.
A new project aims to address all of those challenges and pain points with the launch of a single token. Crypto Index has just launched its i20 token which simplifies diversification and portfolio management by representing an equal distribution of investments in the top 20 cryptocurrencies based on market cap. Modeled after a traditional exchange-traded fund (ETF) sold on stock markets, i20, which excludes stablecoins, provides both retail and institutional investors with a pain-free onboarding, complete with real-time price tracking.
“We are witnessing an incredible demand for diversified investment opportunities within the crypto space,” says Adiel Barzel, Co-Founder of Crypto Index. “At Crypto Index, we see our launch as a pivotal milestone for the industry because it provides users with a one-stop-shop for exposure to the top 20 cryptocurrencies at any given time. The i20 token is flexible, and transparent, and provides both experienced and inexperienced crypto investors with a convenient solution to diversified long-term investing across a wide range of currencies. We are excited to start this journey, and look forward to additional token launches, exchange listings, multisig-wallets, and more.”
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Crypto Index addresses the demand for easily accessible and diversified crypto portfolios with the launch of its i20 token. Each investment into the token’s fund is equally distributed across the top 20 currencies (5% each), fully backing the token by the corresponding amount of each coin. The top 20 index updates on a bi-weekly basis, adjusting accordingly to any market cap fluctuations in the top 20 currencies, with the profits going into the fund.
Crypto Index is putting together a “Core Analyst Committee” of five expert analysts to conduct regular market analyses and, in the event a top 20 coin is rapidly falling, can vote with a four-fifths majority to remove the specific currency from the index. In this scenario, the next currency on the list would be added to the i20 index. This mechanism provides enhanced security and transparency.
Crypto Index provides its own measurement and market tracking system for all the various cryptocurrencies which boosts i20’s transparency by showcasing the metrics behind which 20 tokens will be included in the index for a given two-week period. Similar to market trackers used in traditional finance, the company provides a convenient onboarding process for the mass of retail investors eager to invest in crypto by simplifying and maintaining the portfolio-building process with automatic rebalancing.
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Crypto Index has tapped the leading global crypto market-making agency CLS to ensure a smooth launch and provide backend support. CLS will manage the Crypto Index’s liquidity and maintain its algorithm to ensure the movement of the token always represents the correct value.
Despite only starting the company in July 2023, the self-described S&P of crypto is one of the world’s first tokenized ETF crypto indexes. Under the leadership of Co-Founders Adiel Barzel and Matan Doyich, the Crypto Index has its sights set on becoming an important investment vehicle within the industry and driving mass adoption.
With a major emphasis on transparency, Crypto Index is committed to ensuring that all wallet addresses are visible on its website. In the short-term future, the company plans on launching the i20 token on major crypto exchanges as well as launching other index tokens.
