After a successful ICO CombiCoin sales have re-opened.
CombiCoin has had a great start. After the ICO the initial value of CombiCoin was $ 8.64 and at the time of writing the value of CombiCoin is $11.51 which is a 26.28% increase in 4 weeks.
Combicoin is an ERC20 token which encompasses the top 30 coins by market cap. This index is managed by Triaconta a firm based in the Netherlands. The team working at Triaconta is a collection of TopNotch financial experts and cryptocurrencies developers and university professors who specialise in financial indexes.
Holding 1 combicoin means that the owner has 1/30 of a CombiCoins value invested in the top 30 cryptocurrencies. That would be around .38c in each. Once the purchase operation is completed, the value of these coins will go up and down; this is the reason why at this time each of these coins does not represent 3.33% of the coins.
The index is rebalanced periodically in order to bring back the distribution of each coin to 3.33% of each coin.
- The Coins which are no longer in the top 30 are sold.
- A fraction of those coins which have increased in value and are still in the top 30 is sold so their representation in the index is trimmed down to 3.33%
- New coins which have joined the top 30 are bought.
CombiCoin asset distribution is as currently follows
- GNT: 2.45 %
- BAT: 2.27 %
- REP: 2.49 %
- BTC: 3.79 %
- ETH: 2.78 %
- BCH: 9.60 %
- LTC: 2.44 %
- DASH: 3.66 %
- XMR: 3.33 %
- MIOTA: 3.44 %
- ETC: 3.84 %
- NEO: 2.48 %
- BCC: 3.34 %
- OMG: 2.45 %
- LSK: 3.88 %
- QTUM: 2.54 %
- STRAT: 3.09 %
- ZEC: 3.00 %
- WAVES: 3.30 %
- HSR: 3.90 %
- ARK: 2.95 %
- KMD: 3.25 %
- BTS: 3.10 %
- EOS: 7.11 %
- MAID: 2.57 %
Why is Combicoin great:
- Professional Managment
- Coin dividends are added back to the index
- The alternative to doing this individually would be to manage 30 cryptocurrency wallets
- Combicoin will be listed on an exchange in January 2018
- The CombiCoin index does not charge any yearly maintenance fees.
Some CombiCoin Concerns:
- Minimum investment $ 500 / € 450 / 0.06 BTC / 1.5 ETH
- 5% Service charge. This means that 95% of the funds will be used to buy the coins and the 5% will be a charge to manage the process by which those coins are bought and maintained.
Combicoin has now reopened its sales.
To buy CombiCoins please visit: https://triaconta.com/