Exchange Sector token fund. This fund provides exposure to cryptocurrency exchange tokens which are themselves seen as a rough proxy for the performance of the underlying exchange.
Tokens in this fund represent functioning, high quality projects that share similar tokenomics that will drive positive price growth. At the time of writing, these all happen to be within the exchange sector. Should this evolve, the name of the fund will be updated to reflect this.
The tokenomics are the key defining feature of this fund. In order to be considered for allocation in this fund, the following tokenomic criteria must be demonstrated:
- The token must be utilised (not necessarily exclusively) to perform platform-specific tasks in a way that is economically advantageous for the user to do so.
- The token price must have some quantifiable exposure to the revenue stream of the underlying platform, such that its price is not purely speculative in nature.
- The token must have a finite supply that is publicly verifiable.
- The token must have a functioning underlying platform that applies the above criteria.
A brief analysis of each token in the fund against the above criteria is provided below. The analysis is necessarily brief as the particular tokenomic details can and do change regularly in this rapidly evolving space. The data below should serve as a helpful starting point for investors wishing to investigate further.
BNB is used for certain utility functions on the cryptocurrency exchange Binance.
- Used for fee discounts, voting, exchange base pair, access to Initial Exchange Offerings.
- Regular coin burn based on Binance fee revenue.
- https://explorer.binance.org/
- Binance.com
HT is used for certain utility functions on the cryptocurrency exchange Huobi.
- Used for fee discounts, voting, exchange base pair.
- Regular coin burn based on Huobi fee revenue.
- https://etherscan.io/token/0x6f259637dcd74c767781e37bc6133cd6a68aa161
- https://www.hbg.com/en-us/ht/
GVT is used for certain utility functions on the asset management platform Genesis Vision (which in certain aspects may be likened to an exchange of exchanges), and on the broker Genesis Markets.
- Used for fee discounts, copy trade subscriptions, voting, manager level definitions.
- Regular coin burn based on Genesis Vision fee revenue.
- https://etherscan.io/token/0x103c3A209da59d3E7C4A89307e66521e081CFDF0
- https://genesis.vision/investor/programs
JL
This blog is not financial advice. This is an independent blog. Please do your own research. You are responsible for your own investment decisions. The views and opinions expressed in this article are those of the author(s), and do not necessarily reflect the views and opinions of Genesis Vision or its affiliates.
