The Token Fund Scores $1 Million Digital Asset Acquisitions
Russia (PRUnderground) May 24th, 2017
When trading cryptocurrency, there are certain risks involved that people don’t want to get involved with. The value of shares and investments can either go up or down, and investors should be aware of that fact. It is the perfect solution for investing in digital assets, and recently The Token Fund overcame the acquisition of $1 million.
The launch was on March 24, and it grabbed the attention of high-end investors drawn by digital asset acquisitions and alternative ways to keep their investment portfolios diversified. Nonetheless, in spite of the great potential of the Token Fund, you should know that you may not get back the money invested. Since there’s no digital currency ETF that investors can use, the Token Fund uses its coin traded fund (also known as CTF) to provide the perfect alternative. At last, there’s a way to benefit from a decentralized economy and invest in it via a straightforward and truthful process. Having a digital asset portfolio has never been easier.
The Token Fund only aims to target cryptocurrencies with great potential. Both Bitcoin and Ethereum are added to the mix. These two play a fundamental role in an investor’s digital asset portfolio. The fund also targets other cryptocurrencies, including Bitshares, Golem, Ripple and Litecoin. To keep volatility levels as low as possible, the percentage and associated assets that compile the portfolio changes as the market evolves. Digital currencies with a turnover that don’t exceed $100,000 over a period of 6 months are not included in the portfolio.
When users enter the Token Fund website and choose to sign up, they have two options for making deposits to their project wallet: Bitcoin and Ether. Following a deposit, users get a number of TKN tokens (the official crypto token of the Token Fund); the number depends on capital movements, namely withdrawals and deposits. The moment Bitcoin and/or Ethereum transactions made on the platform generate TKN tokens, the wallet of the user gets “reverted” TKN tokens, which are calculated daily at very specific time intervals: 12:00 GMT and 00:00 GMT.
The Ethereum blockchain hosts the Token Fund, which abides by two key contracts. The first contract keeps the balances pertaining to investors with a TKN contract, and the second issues new TKN tokens in exchange for cash. A contract issued by the Token Fund is a standard ERC-20 token contract, and it has an added features that guarantee new emission of TKN tokens.
In 3 months, the TKN token increased by over 200%, going from $10 in March to $26 in May.
The graph above is updated periodically and can be seen here. It indicates the astounding growth of the token, as well as the overall value investors bring to the fund.