First Crypto ETF is to launch a pre-ICO before embarking on a full coin sale. This is the first ETF in the crypto-currency world, with First Crypto ETF be buying 10 cryptocurrencies with high liquidity and daily trading volumes. First Crypto ETF’s portfolio will include Bitcoin, Ethereum and Litecoin as well as Zcash and Monero. Against this package, a token will be issued that can be traded on cryptocurrency exchanges worldwide.
Trading will also take place over peer-to-peer platforms, with day-to-day operations controlled by a unique technology – the Authorize Engine – running on proprietary hardware infrastructure and algorithms.
First Crypto ETF offers new possibilities for daily traders, beginners and portfolio managers alike. Active traders will experience a reduction in daily trading costs, and beginners and portfolio managers will be able to obtain an easier way to enter the crypto-currency market. In turn, this will provide liquidity to crypto-currency exchanges and boost daily trade volumes.
“This is a minor revolution,” said Peter Vrabel, Chief Executive Officer of First Crypto ETF. “Thanks to First Crypto ETF, the general public will gain access to the world of crypto-currencies. This product allows anyone to obtain several crypto-currencies using a single token tradable in crypto-exchanges worldwide.”
Secondary access will be provided using a unique product, named the Black Card, which can be purchased on First Crypto ETF’s website using a debit or credit card.
First Crypto ETF received a positive response to the completion of its first private round of sales. Now it is launching a pre-initial coin offering. This will be followed by an ICO. The tokens offered in these rounds are very attractive as First Crypto ETF provides a guarantee to hold regular buybacks once the platform is launched and introduced to the market.
First Crypto ETF also offers a high level of transparency to the entire crypto community. Its operations will be audited by one of the big four accountancy firms – KPMG, Deloitte, EY or PwC.
“We are in close dialogue with these companies,” added Vrabel. “Once the ICO process is complete, we will sign a contract with them.”
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