Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Topic started by: pistachio on March 01, 2018, 01:13:52 AM
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HODL token tracks 50 most popular tokens and coins.
their twitter URL is as follows;
https://twitter.com/hodl50
From theri FAQ
what is this?
hodl50 is an open-ended cryptocurrency index fund that tracks top 50 coins by market capitalization. our portfolio is rebalanced every month to match the new landscape.
how does it work?
we have a token called hodl which is issued on ethereum blockchain. you can buy it in the first week of each month. or you can burn it to exit the fund and redeem the ether. minting or burning tokens doesn't affect the token price as it is 100% asset-backed.
you can buy hodl token with ether. any assets we receive are split evenly to the top 50 coins. net asset value is defined by the total value of all assets divided by the number of tokens. we started at 1 hodl = 1.00 usd.
URL
https://hodl50.fund/