With a goal to provide simple and seamless access to the budding asset class of cryptocurrencies, a team of entrepreneurs from Asia launched 108token, an ETF (Exchange Traded Fund) index style token which captures the performance of the top 15 cryptocurrencies by supply-adjusted market cap. The idea is to diversify your crypto portfolio and protect it from the volatility in base currencies such as ETH and BTC.
It is an ERC-20 token built on top of Ethereum which will eventually be traded on centralized and decentralized exchange platforms. 108token provides transparent 24x7 tracking of funds and liquidity, reducing the hassle and regular upkeep required to keep track of the assets.
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To learn more about 108token, watch a simple demonstrative video.