After 3 weeks of intensive work in developing an innovative investment product, the Blackmoon team is proud to announce the release of the ETx Sentiment Top 10 powered by Daneel
Blackmoon has turned our sentiment API into a feed for an investable ETx, therefore, allowing investors to capitalize on the top 10 coins with the highest confidence score for the week. This score reflects the market opinion based on the data mined from the text within millions of news articles, tweets, social media posts, bitcoin talks etc every day.
“This new type of financial product offered by Blackmoon opens up endless possibilities for investors and incredible ease of execution. Our Daneel ETx is a great example, it will allow investors to bet on market optimism,” said Harold Kinet, Head of Communication at Daneel.io.
Blackmoon’s ETx: a tokenized derivative of the ETF
The Exchange Traded Funds (ETF) are financial products that are popular in the markets. It is estimated that 7 out of 10 products most traded on the NYSE are ETFs. Their functioning, transparency, low management costs and liquidity make them essential for optimized portfolio management. They trade in the same way as equities and allow you to invest in an index or basket of equities. Thanks to ETFs, investors have access to all the components of the index in a single transaction. With ETFs, you benefit from the variations of the underlying (in our case it is the top 10 cryptocurrencies with the highest market sentiment score according to Daneel) without having to buy each currency, which undeniably makes ETFs very economical and efficient. ETFs make it possible to increase the liquidity of a financial product by subdividing. The Blackmoon ETx product takes all the characteristics of the ETF but allows to go even further in the ease of execution thanks to the use of BMx token, thus offering compelling advantages such as transparency, tradability, and cost efficiency.
The Top 10 Sentiment ETx STRATEGY
The Sentiment Top 10 ETx is based on the proprietary sentiment analysis designed by Daneel.io using the AI and Big Data technologies. This ETx provides a unique opportunity to get exposure to the 10 cryptocurrencies with the largest sentiment score. Cryptocurrencies listed in the final tradable list are weighted against one another based on their sentiment score. The portfolio is automatically rebalanced every week.
Backtested results for the recent month. Past performance is not an indication of future results.
Register now on the Blackmoon platform
Investment in cryptocurrencies carries a high degree of risk and volatility and is not suitable for every investor; therefore, you should not risk the capital you cannot afford to lose. Please consult an independent professional financial or legal advisor to ensure the product meets your objectives before you decide to invest. Regional restrictions and suitability checks apply.
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