108 Token ICO

in #cryptocurrency6 years ago

108token.jpg
This is an ERC-20 token based on the Ethereum network. It will later be traded on decentralized and centralized exchanges. The tokens that will be available will be 5 million, 96.5% of these tokens will be available for purchase during the token sale. The minimum expected contribution from investors will be 0.1 BTC, 0.5 ETH or $3,000 in fiat currency.

The token generator and the 108tokens seek to address these issues. The token generator provides a low-cost access to a diversified basket of highest valued virtual coins. The token generator is a dynamic digital product that tracks the performance of the top 15 virtual coins. The generator makes it easy for the investor to be exposed to a wide array of crypto assets while minimizing the risks.

The investor has first to buy the 108tokens. The platform then invests the proceeds in a basket full of different cryptocurrencies. The token basket is made up of the top 15 crypto assets by supply adjusted market capitalization. The token generator believes that this is a better indicator than the current market capitalization.

A cap of 20% will be levied on the weights of individual components of the basket of crypto assets to provide a diversified exposure to investors. The rebalancing of the portfolio will be done monthly to match the criteria of the top 15 digital coins and the 20% weight. This monthly rebalancing reduces trading costs while keeping the tracking error-free. The monthly rebalancing also allows for the implementation of the cold storage solutions.

The token generator assets will be managed using traditional passive investment policies but on some rare occasions, manual intervention might be used when discretion is needed in the buying and selling of the token generator assets.

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