[ANN][ITO] CRYPTO20, Your first autonomous, tokenised Index Fund. - page 4.

DuzyGej

member

Activity: 112

Merit: 10

Quote from: mujkan on January 01, 2018, 01:32:00 PM

Quote from: K33plE4rn1Ng on December 25, 2017, 03:10:57 PM

no, the ico is over. waiting for crypto20 to be listed (if possible somewhere else than HitBTC_scam)

I'm also interested in that. Where is the problem with hitbtc?

https://forum.hitbtc.com/discussion/3664/dangerous-currency-operations-not-available-27-days-probably-hitbtc-steals-money#latest

DuzyGej

member

Activity: 112

Merit: 10

Quote from: bakgwei on January 01, 2018, 05:46:05 PM

There is just the normal "problems" that all exchanges are dealing with, that is the sharp increase in user numbers, which Hitbtc is struggling with. All in all, I am a long-time user and it is working pretty well most of the time.

Is not true.
Devs Why do you put people at risk of losing money? hitbtc now has problems or is in phase Scam Exit

bakgwei

full member

Activity: 327

Merit: 100

There is just the normal "problems" that all exchanges are dealing with, that is the sharp increase in user numbers, which Hitbtc is struggling with. All in all, I am a long-time user and it is working pretty well most of the time.

mujkan

newbie

Activity: 4

Merit: 0

Quote from: K33plE4rn1Ng on December 25, 2017, 03:10:57 PM

no, the ico is over. waiting for crypto20 to be listed (if possible somewhere else than HitBTC_scam)

I'm also interested in that. Where is the problem with hitbtc?

gdm41

member

Activity: 161

Merit: 15

Whats the Problem with HitBTC?

K33plE4rn1Ng

newbie

Activity: 28

Merit: 0

no, the ico is over. waiting for crypto20 to be listed (if possible somewhere else than HitBTC_scam)

Emilyp

member

Activity: 546

Merit: 10

Is there a bounty and if yes can I get the link to the bounty thread. Thanks

ainsleyfran

newbie

Activity: 84

Merit: 0

0.5% is still a lot for large operations. Don't you think it would be better to have a set fee after a certain threshold?

bstewart

full member

Activity: 378

Merit: 104

Is this project dead? I'd like to see more stable projects that contain index funds...

K33plE4rn1Ng

newbie

Activity: 28

Merit: 0

Now the Token NAV is 3$ which means that they tripled the initial raised money.

The raised fund at the time of the ICO should have been something like 40Mio$.

Their performance patch is impressive. I wish them a lot of success.

luksbit

sr. member

Activity: 1204

Merit: 252

I hope the platform is ready according to the roadmap, this amount reported on the website was the total collected at ICO?

K33plE4rn1Ng

newbie

Activity: 28

Merit: 0

C20 is now 2.82 almost x3 in a short timeframe.

Apparently the team will probably create another fund.

I'll invest more next time once the platform 100% ready.

bakgwei

full member

Activity: 327

Merit: 100

Quote from: Chamberskob on December 14, 2017, 05:14:45 AM

Quote from: K33plE4rn1Ng on December 14, 2017, 12:33:26 AM

Quote from: Chamberskob on December 13, 2017, 05:06:50 AM

Quote from: bakgwei on November 28, 2017, 05:46:47 PM

Quote from: amintek15 on November 26, 2017, 12:25:45 PM

Hello, I want to invest here but I don't understand how the team earn money ?
they get a part of coins + a part from their traiding ?

They get 13% from every dollar that is invested, as only 87 of tokens created are distributed. Plus, the price of the last week is 1,10$ for a token that is worth 1$. Plus there is a 0,5% management fee. Pretty good cut for them I reckon...

Price is now $1.82 (i have almost doubled my money in a month) , also you will find that the fee of .05% is a hell of a lot cheaper than other managed index funds - normally you are looking at 2.5-4% for securities. Daniel explains it all well in his interview on this facebook page. https://www.facebook.com/cryptotwenty/

As no new token will be distributed anymore, how will the team earn money in 2018. Only with the management fee of 0.05%. The fund value is 80Mio$. With a management fee of 0.5% they will only earn 400,000$. That is not sustainable at least for paying the salary of the whole team.

What do you think?

Ummm correct me if I wrong but $80M X .05 = $4M not $400,000 ??

0,05 would be 5%, not 0,5%.

80.000.000 * 0,005 = 400.000

Chamberskob

member

Activity: 94

Merit: 10

Quote from: K33plE4rn1Ng on December 14, 2017, 12:33:26 AM

Quote from: Chamberskob on December 13, 2017, 05:06:50 AM

Quote from: bakgwei on November 28, 2017, 05:46:47 PM

Quote from: amintek15 on November 26, 2017, 12:25:45 PM

Hello, I want to invest here but I don't understand how the team earn money ?
they get a part of coins + a part from their traiding ?

They get 13% from every dollar that is invested, as only 87 of tokens created are distributed. Plus, the price of the last week is 1,10$ for a token that is worth 1$. Plus there is a 0,5% management fee. Pretty good cut for them I reckon...

Price is now $1.82 (i have almost doubled my money in a month) , also you will find that the fee of .05% is a hell of a lot cheaper than other managed index funds - normally you are looking at 2.5-4% for securities. Daniel explains it all well in his interview on this facebook page. https://www.facebook.com/cryptotwenty/

As no new token will be distributed anymore, how will the team earn money in 2018. Only with the management fee of 0.05%. The fund value is 80Mio$. With a management fee of 0.5% they will only earn 400,000$. That is not sustainable at least for paying the salary of the whole team.

What do you think?

Ummm correct me if I wrong but $80M X .05 = $4M not $400,000 ??

K33plE4rn1Ng

newbie

Activity: 28

Merit: 0

I invested in it already. I am just wondering whether I will increase the % of C20 in my portfolio as I already noticed that it outperforms a little bit compared to what I do.

bakgwei

full member

Activity: 327

Merit: 100

I did the same calculation and came to the conclusion, that with the raising fund value (=assumption) plus the initial take from the ICO, in addition to the low cost of actually running a smart contract it seams feasible to me.

K33plE4rn1Ng

newbie

Activity: 28

Merit: 0

Quote from: Chamberskob on December 13, 2017, 05:06:50 AM

Quote from: bakgwei on November 28, 2017, 05:46:47 PM

Quote from: amintek15 on November 26, 2017, 12:25:45 PM

Hello, I want to invest here but I don't understand how the team earn money ?
they get a part of coins + a part from their traiding ?

They get 13% from every dollar that is invested, as only 87 of tokens created are distributed. Plus, the price of the last week is 1,10$ for a token that is worth 1$. Plus there is a 0,5% management fee. Pretty good cut for them I reckon...

Price is now $1.82 (i have almost doubled my money in a month) , also you will find that the fee of .05% is a hell of a lot cheaper than other managed index funds - normally you are looking at 2.5-4% for securities. Daniel explains it all well in his interview on this facebook page. https://www.facebook.com/cryptotwenty/

As no new token will be distributed anymore, how will the team earn money in 2018. Only with the management fee of 0.05%. The fund value is 80Mio$. With a management fee of 0.5% they will only earn 400,000$. That is not sustainable at least for paying the salary of the whole team.

What do you think?

Chamberskob

member

Activity: 94

Merit: 10

Quote from: bakgwei on November 28, 2017, 05:46:47 PM

Quote from: amintek15 on November 26, 2017, 12:25:45 PM

Hello, I want to invest here but I don't understand how the team earn money ?
they get a part of coins + a part from their traiding ?

They get 13% from every dollar that is invested, as only 87 of tokens created are distributed. Plus, the price of the last week is 1,10$ for a token that is worth 1$. Plus there is a 0,5% management fee. Pretty good cut for them I reckon...

Price is now $1.82 (i have almost doubled my money in a month) , also you will find that the fee of .05% is a hell of a lot cheaper than other managed index funds - normally you are looking at 2.5-4% for securities. Daniel explains it all well in his interview on this facebook page. https://www.facebook.com/cryptotwenty/

bakgwei

full member

Activity: 327

Merit: 100

They are not yet available on any exchange, and the ICO is closed. So you will have to wait - have a look at their website crypto20.com for more information.

ImaCyborgButThatsOkay

newbie

Activity: 14

Merit: 0

hi, how to buy/exchange crypto20? thanks!

Topic: [ANN][ITO] CRYPTO20, Your first autonomous, tokenised Index Fund. - page 4. (Read 7265 times)