CRYPTO20 (C20) is an “autonomous token-as-a-fund” and represents an Ethereum-based token. As of now, it is trading on a few exchanges with HitBTC being the most active exchange platform on its list. CRYPTO20 are so-called close-ended tokens. It means that no new tokens can be created. CRYPTO20 can only be purchased.
CRYPTO20 serves as a cryptocurrency index fund and is therefore a tool for crypt investors. It aggregates the value of a number of crypto assets and claims not to fall below the value of underlying assets. This index allows investors benefiting from a diversified crypto portfolio, utilizing a single asset (C20 token).
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