Trident is continuing to gaining momentum as it hits $2 million for its Cryptocurrency Index Fund. Over 1500 contributors are part of the fund which, unlike competitors, is a finished product with a range of investor tools.
With some days left to run, the team behind TRIDENT is expecting to build even further and cross the $10 million mark in the coming days
TRIDNET is a Cryptocurrency Index Fund that will use the token sale funding to buy the underlying crypto assets. No broker fees, no exit fees, no minimum investment and full control over your assets. Full blockchain transparency.
What is the TDC Token offered by TRIDENT?
The fund’s token, TDC, is a representation of an investor’s share of the fund, and the fund’s value is equivalent to the combined value of its assets. TRIDENT, unlike many of the additional offerings in the market now, is a finished product rather than a platform.
Token-holders have the ability to liquidate the TDC token to get their share of their underlying assets through the intelligent contract. By going directly to the end-user for a cryptocurrency itself, TRIDENT gives traders the ability to sell or swap their holdings at will without any exit fees, no platform charges, and no broker fees.
How does the TRIDENT Platform Work?
One is now able to invest in the top 10 cryptocurrencies by holding a single token. The top 10 changes as time passes, and so will TRIDENT’s holdings — this weekly re-balancing procedure mitigates risk and volatility. The underlying assets are passively managed, with an index plan, and there are no costly legacy banking costs.
An index fund allows investors to monitor the market indicator — the inherent trend behind the selection of assets without being reliant on a certain one. There’s not any active trading apart from the occasional rebalancing of assets based on predetermined rules. Rebalancing enables the fund to consistently track the mean market functionality even though a number of the original holdings fall from favor. Index funds have beaten the average actively managed fund since their inception.
TRIDENT is part of an emerging trend of index funds for virtual currencies that have been launched over the last several years. The TRIDENT token TDC may help reduce the risks that investors fast with its highly liquid nature and could inspire confidence in investors to invest more funds.
telegram : http://t.me/cointrident