CRYPTO20 Surpasses $10m Milestone in Ongoing Sale
It gives us great pleasure to announce that the CRYPTO20 fund now stands at over $10 million. Actually, in the time it took to write this, have it proofread and published, the fund value exceeded $11 million!
This a significant milestone for our team, as it shows a huge commitment to the work we have been doing to deliver this best-in-class crypto fund to our users.
We have known for a long time that the crypto world should benefit from the introduction of the most proven, practical, tried and tested investment vehicle — the index fund — and we are pleased to share this outlook with over 4,600 contributors.
As mentioned in previous posts, our Investor Portal is available exclusively to our ICO backers, it is currently live, and you can gain access by registering on www.CRYPTO20.com. Here you will see all information on how to join the token sale with any of the following currencies: Bitcoin, Ethereum or Litecoin.
Please note that now is a great time to join us as the C20 token price will increase from $1.05 to $1.10 on the 16th November. No further C20 tokens will be sold after the ICO.
If you have any questions regarding the status of the token sale, our product or more general inquiries we encourage you to ask them in our Slack community. Our Slack community has been an excellent resource for gaining feedback and instrumental in helping us achieve so much in such a short space of time. You can join by following this link.
A Note on Security
Over the last week news emerged regarding user funds frozen in Parity Wallets. Our stance on this is that companies keeping their user’s funds in Parity Multi-Sig Wallets have been grossly negligent. Security of funds should be a number one priority. ICOs should have been investigated and implemented alternatives after the initial Parity incident.
CRYPTO20 follows all security best practices and managed funds are kept in cold storage. Additionally, an independent third party, Hosho.io, has audited our smart contract code to guard against vulnerabilities.
If you have any other questions regarding security, please reach out on Slack.
Getting Started Early
The CRYPTO20 team is preparing to rebalance into the top 20 cryptocurrencies earlier than the expected deadline of mid-December. This should be exciting! We are looking at Friday the 17th of November as a preliminary date for the first rebalancing to occur.
You will be able to see all 20 individual holdings, their respective values and total contribution percentage towards the total fund cap.
Moving Forward
Our token sale is far from over, and we proceed to build momentum coming into the final weeks.
To our community and everyone who is on this journey with us — many of you have answered questions on behalf of the team in various forums and continue to be active ambassadors of this project — we sincerely appreciate the time and effort you have spent assisting others in understanding CRYPTO20. Together, we will go far!
Kind regards,
Daniel Schwartzkopff
CEO & Founder, CRYPTO20
