Dear FCI followers,

Today we are doing some slight adjustments to our portfolio. We are very excited to be adding Wanchain. It is an international project that aims to disrupt finance as well as create interoperability within crypto. They have a very strong team and we believe they will provide a lot of value to this space in the coming future. In order to make room for the addition of WAN, we have decided to make some small reductions in SALT, MTL, ANT, FUN and ZRX. We also removed our exposure to TenX (PAY) completely. Granted it was a very small part of our DAA, we still believe that the hurdles in the credit card sector are a huge problem/risk and there is nothing that points to any kind of improvement in the short term. The removement of our PAY token allocation is also in favour of WAN.

In general, we keep a cautiously bullish approach to the markets, as it seems like the worst selling is over and we are in a consolidation phase. ZRX has served us well and we think it still has a long way to go. We did however choose to reduce our allocation by 1% down to 15% like stated above.

Best regards,

The FCI Team