Circle is going after fresh entrants to the cryptocurrency trading market with a new tool that allows them to invest in multiple coins as once. This feature is different than an index fund in a few crucial ways, perhaps most importantly being available to everyday investors not just the rich and trading professionals.
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Buy the Market
Circle Internet Financial Ltd., the Goldman Sachs-backed Boston-headquartered company that earlier this year, has announced a new feature on Tuesday called “Buy the Market.” It allows users to buy seven assets at once including BTC, BCH, ETH, ETC, LTC, ZEC and XMR. Aiming for simplicity, all a user has to do to create a crypto portfolio with this feature is to enter the amount of USD they want to invest and the app will automatically calculate and distribute the investment sum according to each asset’s market cap.
This type of automatic or passive management investment tool will most likely be compared to existing crypto index funds. However, it is different in a few ways as it is just a technical feature allowing to buy a number of assets at once with one click not a real fund. These include no management fees, no re-balancing when market caps change, and a very accessible minimum investment sum of just $1.
Better Than Crypto Index Funds?
When comparing to crypto index funds such as those offered by or , the first thing to pop out is that the new Circle feature is available to all its normal users, not just to so called accredited investors. To be considered an accredited investor in the US, an individual must first report to the SEC that they have a net worth of at least $1,000,000 excluding the value of their primary residence or have a yearly income of at least $200,000. And companies need to have total assets in excess of $5 million or be recognized as a bank, insurance company, business development company, or registered investment company.
Circle’s Rachel Mayer commented: “This is one of the first experiences of its kind for consumers. Other crypto products that allow you to invest in market weight distributed fashion are accompanied by high minimums and 3% management fees. Circle Invest removes all this friction, making investing in multiple coins at once available for anyone at the same competitive pricing we deliver on all of our coins.”
Only last week Circle announced it had in a Series E fundraising round led by the Chinese firm Bitmain Technologies. It now looks it intends to use this money to expand its services in more ways than just issuing a new Tether alternative, like challenging index fund providers.
Would you prefer using such a feature over investing in a crypto index fund? Share your thoughts in the comments section below.
Images courtesy of Shutterstock.
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The Ubex project launched its Token Sale on the 21st of May, 2018, and it will last until the 13th of August. The Ubex Token Sale is unique on the blockchain market as it provides equal contribution opportunities and bonuses for all participants. In addition, the Ubex project refrained from conducting any private sale or presale rounds to ensure equal terms for all participants and to exclude any speculation or preference factors.
The project soft cap was reached during the first day of the Token Sale and has already exceeded the 4000 ETH mark.
Ubex is a global, decentralized advertising exchange based on the fusion of Neural Networks, AI and blockchain operated by smart contracts.
The mission of Ubex is to create a world-spanning advertising ecosystem with a high level of trust and maximum efficiency in which all participants can benefit from the advanced technological breakthroughs that would never have found application in the industry without the advent of blockchain technologies.
The Ubex project is aimed at granting both advertisers and publishers the ability to take advantage of advanced technologies for matching offers and ad publishing opportunities to maximize audience targeting.
The process is fully automated through the merger of neural networks and artificial intelligence on a blockchain basis to continuously analyze masses of market data and provide immutability and transparency to all operations and transactions within the Ubex ecosystem.
Ubex invites all to take advantage of the project’s bonuses during its Token Sale to acquire Tokens with the maximum available bonus of 20%.
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In the announcement made by the Colombian, Real Madrid and Bayern Munich star, the “JR10 Token”, which is named after him, will be available for pre-purchase via the SelfSell App on 27 May, making him the first international football player on active duty to break into the blockchain world through his own cryptocurrency asset.
The announcement comes as the player prepares for the 2018 World Cup, and bids to repeat the goalscoring success of four years ago. James attributes the growth in his professional football career to his supporters. In return, he has co-created the “JR10 Token” with SelfSell as a gift to his fans, aiming to create a closer fan community and more possibilities for him to interact with supporters.
According to , “JR10 Token” holders can enjoy exclusive privileges, including purchasing James souvenir products, participating in fan club meetings, and also joining the future growth process of the footballer within the APP.
SelfSell founder Mr Li Yuan believes that in the blockchain ecosystem, which he describes as a sharing-enabling community, everyone can be both the creator and beneficiary of value.
By launching the “JR10 Token”, James will be much more than an ambassador for brands. He will create and maintain his own brand values.
Mr Li Yuan says:
“It is a fresh new model to build James’ personal brand asset – having it blockchainized.”
Li also says that by launching the cryptocurrency, the football star will be more involved in a wide range of activities conducive to his brand value promotion, including interacting with his fans, and that the currency can also be used in a variety of scenarios to benefit sponsors, media, football clubs and other relevant stakeholders, and become a new engine to grow the global football market.
With the concept of Value yourself, Value your future, SelfSell is aiming to create the world’s first human-based asset platform. SelfSell believes that people should have equal rights to release their own cryptocurrency, in the value of combined assets of personal brand, personal creditability, personal potentiality, and personal income.
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