Zichain announced the launch of the first line of cryptocurrency indexes in December, 2017. Being created according to the world’s financial standards such as S&P, MSCI, FTSE, EuroStoxx, Nikkei, they are the basis for Zichain index funds. To date, company has successfully launched two out of five planned cryptocurrency index funds — Blue Coins Index Fund (BCIF) and Second Tier Index Fund (STIF).
Blue Coins Index Fund (BCIF) is a leader in the crypto world today as it includes five largest cryptocurrencies by market capitalization. Investment in Second Tier Index Fund (STIF) is a bet for market growth due to a multiple lower capitalization of the cryptocurrencies included in the index. STIF index consists of twenty largest cryptocurrencies except those five in Blue Coins. Very soon everyone will be able to invest in crypto.
Here in Zichain we’ve made great efforts to create a basic functionality which is still available to a limited number of investors. Let’s take a closer look at them.
Multisignature has been added to the cluster storage. This technology allows you to create several security keys at once to protect your wallet from hacking. You can create keys even on different computers, so to commit theft, a hacker will have to crack all devices with keys. Technology also reduces the likelihood of losing funds — with the loss of one of your keys, your cryptocurrency will still be safe. Multisignature is available for all ERC20 (Ethereum) tokens and other cryptocurrencies (there are more than 20 of them in the list).
Multifunctional API support. You can easily automate any routine tasks with it: managing wallets, performing calculations and conducting transactions.
To improve network stability and keep the opportunity to perform basic operations (receiving/transfer of investments, portfolio management, portfolio value calculation), Zichain has created its own nodes for each cryptocurrency available in TheIndex.Fund.
The integration with the two largest crypto exchanges in the world — Binance and Bittrex. At the moment, Binance and Bittrex give the opportunity to trade 47 of the 50 most popular cryptocurrencies by its capitalization. Both exchanges will become the main liquidity providers for Zichain index funds (Currencies, Services, Platforms) which are expected to be launched in Q3 2018. In order to trade any cryptocurrency in the investment portfolio, integration with other leading exchanges is also being developed.
There has been created an algorithm that supports the creation and liquidation of a portfolio with minimal transaction costs. The first version of the algorithm sorts transactions by time and forms a portfolio of different cryptocurrencies on several exchanges simultaneously. The algorithm analyzes the current prices and the history of transactions in order to recalculate the proportions of coins in the portfolio at any time. The result is the maximum performance accuracy.
An investor can monitor real-time data of the portfolio value dynamics and investment return. It is also possible to get advanced financial reporting that meets the world’s financial market standards.
ERC-20 smart contracts are integrated with TheIndex.Fund. After the transaction is carried out, the tokens of the corresponding index fund are generated in the required quantity which is calculated by the current NAV (Net asset value) of the fund.
Index funds tokens were created on Ethereum blockchain. After the first investments in the Blue Coins Index Fund and the Second Tier Index Fund had been made, BCIF and STIF tokens were generated and sent to investors.
To sum up, the first of four products of Zichain ecosystem has been successfully launched and we are confidently moving towards the goal! Thanks for your support!
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