The cryptocurrency market is receiving frequent attention from the press due to its volatile nature. Extreme surges and crashes have led to worldwide coverage of the cryptocurrency exchange market.
For example, Bitcoin grew in 6 months from 1,000 USD to 4,000 USD or Ethereum that started at 8 USD and grew to 400 USD in 6 months but then collapsed to 150 USD 4 weeks later.
This is generating interest from investors in the regular stock market, but most of them are not making the plunge yet due to the high risks inherent in the cryptocurrency market. On the other hand, current cryptocurrency investors have to always be on alert and react fast when a currency crashes or surges.
This is one of the reasons we created CombiCoin.
The CombiCoin is what the name implies a combination of cryptocurrencies, very similar to an equity fund in stock market. CombiCoin is 100% asset backed by the top 30 of the currencies with the highest market cap on the cryptocurrency market. At time of creation each cryptocurrency of the top 30 will determine 1/30th of a unit of the CombiCoin. The CombiCoin will always benefit from the growth of the currencies asset backing it and at the same time diversifying the risk significantly.
Diversify your risks
When investing in currencies available in the market, you are taking a risk that the specific currency you invested in may drop in price. This could happen for many reasons, e.g., countries declaring specific currencies illegal, a new currency in the market taking over the top few, or simply because the currency becomes undesirable. CombiCoin brings stability to this chaotic market. With the CombiCoin, you not only reduce the risk by diversifying your investment, but the CombiCoin also evens out all spikes of each individual coin, up and down. Even if one of the currencies backing the CombiCoin drops to 0 USD, it will only affect the total market price of a CombiCoin by 3.33%.
In the example above CombiCoin consists out of 30 pcs of 0.33 USD. This means that one CombiCoin is 10 USD.
In the example above one of the assets backing CombiCoin suddenly crashes to 0 USD. The price of CombiCoin will only be affected by 3.33% meaning that the price of CombiCoin will be 9.67 USD.
Benefit from the growth of all coins
If you invest in one or two (or ten) currencies available in the market, you are hoping that those currencies suddenly surge in price. But nobody knows beforehand which currencies will do well and which will not. The CombiCoin will always benefit from the growth of any of the top 30 currencies.
Some currencies in the top 30 are rather unfamiliar and most of them you would probably not consider investing in. But in the last 1.5 year, it was these currencies that increased most in value compared to the top 1–20 (see figure below). When assets backing CombiCoin suddenly surge in price, CombiCoin will benefit.
From January 1, 2016, until June 18, 2017, the currencies in the top 21–30 grew significantly more than the top 1–20.
When a currency suddenly surges in price this component of the CombiCoin will increase in price, thus increasing the price of CombiCoin as a whole. Below you can find a calculation showcasing the growth of CombiCoin compared to the growth of other currencies in the top 30.
Above example is from the period January 1, 2016, until June 18, 2017. CombiCoin grew with 6100% and benefited from the surges of Ethereum, BitShares and NEM.
ICO — Pre-sale
The CombiCoin pre-sale is live now! The ICO that is open from a starting investment of 100 USD is starts on September 1, 2017.
For more information and to join/register go here: https://triaconta.com
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