By Bitcoin.com PR — September 6, 2017 0 3007
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The cryptocurrency market can be extremely volatile. Although a lot of people managed to make fortunes in it, there are also those who tried their best and ended up either missing out on great opportunities, or losing money due to the volatility.
The problem keeps various investors away from the cryptocurrency ecosystem. To tackle the problem, Hong-Kong based Aaress Fintech created the All In One (AIO) token, a solution for cryptocurrency investors and users who want to keep on investing in cryptocurrencies, without having to suffer because of volatility.
Mitigating investor risks in cryptocurrencies
Aaress Fintech’s token, the All In One Coin, is essentially an ethereum-based token that acts as a stake in a traditional hedge fund, meaning each token represents the holders’ part in the fund. The AIO coin essentially draws its value from the combined value of the top 10 cryptocurrencies (hence the name “All In One”).
AIO’s tokens are currently being distributed through an Initial Coin Offering (ICO) that will, at press time, last for little over twenty more days. Each AIO token started being sold for $1, although the value of these tokens will either increase or decrease, according to the fund’s overall worth.
Funds from the ICO will be used to purchase the top 10 cryptocurrencies on the market. The performance of these will affect AIO’s value in equal proportion. If one or two of these cryptocurrencies disproportionately lose value, the pooled value of the other coins will likely sustain the AIO coin’s value, effectively mitigating the risk for investors.
As such, AIO tokens allow investors to buy only one token and manage it in a safe, convenient way, instead of having to acquire 10 different wallets to hold their funds. Its value will be affected by the top 10 cryptocurrencies.
The whole ICO process, and all of the fund’s holdings and net asset value are verifiable through its official website, so that investors can always know what’s going on.
The ongoing ICO
During the ICO, a total of 450 million AIO tokens will be sold, at an initial rate of $1 per token. Participants will be able to purchase tokens with Bitcoin, Ethereum, Ripple, and Litecoin, and the whole process is going to remain public through the official website. Due to their limited supply, AIO tokens will gain additional value when demand soars.
In the future, Aaress Fintech plans on introducing new financial instruments to the
cryptocurrency ecosystem, which according to their whitepaper “may change the way we
trade cryptocurrencies.” Furthermore, the team will introduce sector-specific digital currency pools, to help fund different industries.
You can keep up with the project through Facebook and Twitter. Users are advised to thoroughly read the project’s ICO.
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