In the wild west of crypto — amid volatile markets, hacks, scams, ponzi schemes and a general lack of foresight and due diligence — CRYPTO20 aims to be an oasis for the crypto-investor.

CRYPTO20 Team Recovers Phished Wallets

“Over $500,000 saved from the hands of hackers…”

The nascent ICO industry has seen massive growth over the past year with ICO raises far exceeding that of traditional venture capital. This rapid increase in cryptocurrency adoption has been plagued by a lack of foresight and proper planning. ¹ ²

Ernst & Young reports that more than 10% of all ICO funds raised have been stolen. ³

In contrast to the above, CRYPTO20 is very proud to announce that no funds received were lost or went missing due to deterministic address generation, penetration testing, contract audits and insistence on cold-wallet storage throughout the ICO.

Despite the fact that we attracted thousands of novice crypto-investors, only around 60 users fell victim to phishing attacks. This incredibly low number is likely due to our very active community, real-time support and clear guides.

Even though the error was on the user-side and not CRYPTO20's responsibility — the team managed to go above and beyond and devised a plan. All phished users who followed our recovery guides had their tokens recovered and resent. This amounts to well over $500,000 saved from the hands of hackers due to our unique token locking mechanism.

KPMG Report and Transparency

CRYPTO20’s fund holdings can be viewed in real time on our website; weekly rebalancing emails that detail our weekly fund activities and performance continue to be sent to investors.

We were also the first ICO to reach out to a top 4 auditing firm in order to conduct agreed upon procedures in accordance with the International Standard on Related Services 4400, Engagements to perform agreed upon procedures regarding financial information, published by the International Auditing and Assurance Standards board. This was done to verify CRYPTO20's holdings and ensure that our security measures are as stated.

We plan to further our partnerships with auditing firms and pioneer the standard for crypto-investing.

KPMG’s report can be found on our website here. For further reading, please see our self-imposed reporting requirements.

Working Blockchain Application

“This is a paradigm shift that heralds the disruption of the entire financial services industry…”

CRYPTO20 is among the first fully functional blockchain applications. Our withdraw DAPP is operational — with over $140,000 worth of C20 already having been liquidated (much of this activity was simply due to users testing the functionality for themselves). This ensures that users are able to receive the underlying asset value of their tokens at any time and enforces a lower price bound on exchange.

This function is the first of its kind; C20 token withdrawals/liquidations are processed automatically in under an hour — no manual verification or long waiting times are needed.

The smart contract code runs on the blockchain, which means that it is immutable and transparent.

This is a paradigm shift that heralds the disruption of the entire financial services industry — traditional fund management firms should take note.

Direct ownership of a portion of the underlying fund is proven through the ownership of tokens, no third party needs to keep a record. This stands in stark contrast to the status quo and is made possible through the power of blockchain technology.

Competitive Business Model

“We will therefore be able to outperform any investment fund platform…”

The ICO closed with a fund size of $40m, in less than 2 months this peaked at $160m and now sits at around $105m after the January correction — a gain of over 200%. The CRYPTO20 index outperformed the growth of the total market cap as well as that of Bitcoin alone.

Since the launch of C20 on exchange last week, the market price has had a 50–100% premium over the net asset value, indicating the high demand for a diversified, low-cost index fund. This results in a realizable return of well over 300% for ICO investors.

You can compare the fund performance to any single coin in the top 20 on the Insights page of the CRYPTO20 website. You can find CRYPTO20 on Coinmarketcap here.

The ‘direct to end-user’ business model employed by CRYPTO20, along with fund automation and machine learning optimized rebalancing allow us to operate with the low yearly fee of only 0.5%. We will therefore be able to outperform any investment fund platform’s expense ratio due to our simple low-cost business model.

CRYPTO20 has the first mover advantage, and is distinguished with data science backed fund hyper-parameters, and the ability to deliver — something that was entirely missing from the current cryptocurrency investing space.

A community created comparison between CRYPTO20 and its current competitors can be found here.