The first-ever community-managed crypto fund is live. Yesterday, the CryptoPotato Crypto Fund went live, using the ICONOMI platform for its groundbreaking product that will allow anyone to invest in the newly created fund.
Over the past month, CryptoPotato readers had the chance to vote from 70 different cryptocurrencies, of which the top vote getters would comprise the new fund. After the voting period ended, ICONOMI and analysts from CryptoPotato made final adjustments before the Fund was created on the ICONOMI platform.
The Crypto Fund Initial Structure
Months of voting produced 7 winners that will comprise the CryptoPotato Crypto Fund – BTC (Bitcoin), ETH (Ethereum), XRP (Ripple), BNB (Binance Coin), XTZ (Tezos), EOS, and XLM (Stellar). The following is the current structure of the fund:
Not surprisingly, Bitcoin got more than 60% of all votes and comprises the vast majority of the fund. The king of the cryptocurrencies has almost 70% of the total crypto market cap. Since the beginning of 2019, Bitcoin has outperformed almost all of the thousands of altcoins, and voters have forecast that it will continue to lead the crypto pack.
The next coins on the list are the second and third largest ones by market cap, Ethereum and XRP. Come ‘altcoin season’, XRP tends to see massive gains of approximately 10x. Next on the list is CZ’s baby, Binance Coin, which was one of the few altcoins to outperform Bitcoin recently. Closing out the list are Tezos, which has showed stability against Bitcoin lately, EOS, and XRP’s ‘younger brother’, Stellar.
The Fund will be rebalanced every 30 days according to monthly market movements and, of course, according to ongoing voting.
The process of investing in the Fund is simple. It only takes a few minutes to register on ICONOMI’s easy-to-use website; to get started, click here.
The $300 Award
Thanks the thousands of voters that took part in choosing the first Crypto Fund structure! In a draw made by ICONOMI’s team, a lucky winner was chosen and an email was sent to him inviting him to claim his reward. Thank you for participating.
Established in 2016, ICONOMI allows anyone to create a turnkey and private crypto fund. The platform is designed for beginners and experienced investors alike. Based and regulated in the UK, ICONOMI is available in more than 180 countries and has earned the trust of users thanks to its simple and user-friendly interface. ICONOMI’s crypto funds are 100% real to back and protect the Fund.
* The Crypto Fund is operated and managed by Iconomi.