Building the first Crypto Tracker solution
Crypto Trackers are tokens which significantly reduce the complexity and fees associated with the setting of long and short positions on various cryptocurrency assets. Users will be able to trade onto the platform digital tokens that are positively or negatively correlated to the tracked underlying crypto assets. We will progressively offer a wide panel of Crypto Trackers which include, non-exhaustively, inverse trackers, levered trackers, basket trackers and stablecoins.
What are Crypto Trackers?
Crypto Trackers are ERC20 trackers that change proportionally to the percentage change in their benchmark, multiplied by a potential leverage factor, for any given day. Thanks to daily reset, CTIs have a compounding effect, whereby losses and gains from each period affect the base from which the next period's returns are calculated. Each Crypto Tracker will be its own ERC20 token, and can be stored on Ethereum wallets as well as traded on http://trakx.io.
Token sale
Trakx tokens (TKX) will be created on the basis of the Ethereum blockchain (ERC20 tokens). TKX will be compatible with third-party services wallets, and exchanges. Incentives will be created for token holders such as discounts on Trakx services and a token burn program.
Start
1 January 2019
Total Token Supply
500,000,000
End
31 January 2019
Token exchange rate
Up to $0.1 per token
Acceptable currencies
BTC, ETH
Minimal transaction amount
0.1 ETH / 0.001 BTC