The explosive growth of Bitcoin and other major digital assets took the industry from the realm of hi-tech geeks to the broader public. The variety of tokens and coins available for purchase has been snowballing together with the public interest. However, buying and selling digital assets for investment purposes is a complicated and risky process that requires in-depth knowledge and experience.
Recently, on the sidelines of the Echelon Asia Summit 2018, Cryptovest’s Nikita Sachdev had a chance to speak to Aditya Mishra, CEO of 108Token, a project developed to facilitate ordinary people who want to invest in cryptocurrencies.
108Token, according to the CEO, is a dynamic crypto product built on the blockchain with integrated AI features, which allow tracking the performance of top 15 cryptocurrencies and create an investment portfolio that is not affected by wild market fluctuations of a single currency.
"We spent a lot of time, and we had a group of data scientists come together to come up with the most efficient solution for passive investors access to crypto space in general... We tested passive strategies for different variables, for five, ten, fifteen, twenty, all the way till a hundred tokens, rebalance on a weekly or a daily, or a quarterly basis before we figured out the most efficient solution on the basis of the best return profile, which is an allocation in top 15 with a rebalance on a monthly basis," Aditya Mishra explained.
The differential feature of the project is that it is an entirely passive strategy, which means that it does not require much manual input. Everything is done automatically by artificial intelligence algorithms, thoroughly developed and trained to make optimum decisions.
"We use a lot of machine learning algorithms to figure out the most efficient exchanges to buy assets from, the most efficient exchanges to rebalance from," added Mishra.
Apart from creating a balanced and profitable investment portfolio for passive crypto investors, 108Token strives to reveal and eliminate pumps and dumps that have been plaguing the ICO and crypto industry for quite a while. The tech team of 108Token studies each coin and project that is the part of the index, and if any red flags come up in the code, the team exits and warns investors of a possible scam coin.
Aditya Mishra also shared a story behind the name of the project.
"The first reason for that is if someone put one dollar in 108 on January 1 in 2017, they received $108 as all times high on January 7th, 2018. It is interesting because when you compare it to Bitcoin, it did just that for Bitcoin, you would have received $16.7. So it's a significant difference."
Mr. Mishra believes that it's a perfect time to invest in a project like 108Token as it gives you exposure to an entire asset class. By doing so, average investors who don't know how to buy or sell cryptocurrencies can quickly get involved and capitalize on this emerging market.
108Token has a minimum investment requirement that varies depending on the base currency: it is $5,000, 0.1BTC or 0.5 ETH. The amounts are quite reasonable as the team wants to make it accessible to as many potential investors as possible.
The project has moved on to the second stage of the token sale with the current exchange rate of $1.05 per token.
Those who are interested in 108Token can visit the official website or join the group in Telegram to receive timely updates.
This article appeared first on Cryptovest
