In other words, the cryptocurrency must…well, be a cryptocurrency by the commonly accepted definition. So we’re not going to make it eligible just because some programmer called Adrian swears that he made a cryptocurrency.
Chillur 10 - Our cryptocurrency index portfolio tracks the top 10 largest cryptocurrencies that are deemed eligible. Eligibility to our cryptocurrency index portfolio is selected using a transparent and rules-based methodology and the investing strategy follows a strategy similar to index investing through ETFs in the stock market.
Our portfolio was created using a rules-based methodology to establish an eligibility criteria and investing strategy. We did this in order to be honest and transparent to our users.
In order to be eligible to be part of our cryptocurrency index portfolio, coins must:
In other words, the cryptocurrency must…well, be a cryptocurrency by the commonly accepted definition. So we’re not going to make it eligible just because some programmer called Adrian swears that he made a cryptocurrency.
So “stable coins” won’t be eligible because they end up with stable returns because they are pegged to stable assets like the US Dollar.
Otherwise we’ll not be able to buy them for you. And then won’t be able to store them for you.
The large exchanges carry out their own due diligence before listing a cryptocurrency. So the more exchanges that list them, the more inherent trust there is in that cryptocurrency.
It’s the responsibility of the cryptocurrency to ensure that they fix security holes. If someone else finds a security hole or a problem, it’s already too late for them.
Similar to traditional index- investing, we follow the following rules:
Our diversified cryptocurrency index portfolio was defined by the market capitalisation of eligible cryptocurrencies i.e. the total value of each cryptocurrency relative to the entire world of cryptocurrencies.
For example, let’s say at the time the entire world of cryptocurrencies is worth $100 and all the Bitcoin in the world is worth $75. Therefore, then every user’s Chillur portfolio will be 75% Bitcoin. So every $1 that you invest with Chillur, 75 cents will be invested in Bitcoin.
We follow the adage: It’s not about timing the market, it’s about time in the market.
All this means is that we don’t obsessively watch the fluctuating prices of cryptocurrencies. We simply enable our users to invest small amounts of money regularly. We do this by connecting a user’s bank account with their Chillur account and setting them up with an investing schedule, anything from $5/month to $100/day, and we invest that amount into their cryptocurrency portfolio.
Currently there are over 1500 cryptocurrencies that you can invest it. Like with the stock exchange, rather than having to research every stock and trying to figure out how to place them in your portfolio, it’s a lot easier to invest in a range of cryptocurrency assests as part of an index portfolio.
This makes it easier to continue investing – making it easier to therefore stick with the habit. And by investing in a range of cryptocurrencies, you spread out the risk of putting all your eggs in one – or two – baskets.