Category Archives: Diversification of Investments
Update received from Triaconta a few days ago…
Last week has been an exciting week for us. The first “Revision and Rebalancing” of CombiCoin has been executed. In this CombiCoin weekly the following things will be addressed:
- CombiCoin performance week 49
- Revision of the “top 30”
- Rebalancing of CombiCoin Assets
- CombiCoin sales update
- TRIA token profit share distribution December
CombiCoin performance week 49
Value on 11-12-2017 – 08:00 CET – $ 20.82
Value on 18-12-2017 – 08:00 CET – $ 34.53
65.85% – (previous week 15.13%)
Year to date growth: 299.65%
Monthly growth: 180.73%
Week high: $ 34.53
Week low: $ 20.82
Total value asset pool: $ 11,592,735 (+77.89% compared to previous week)
Revision of the “top 30”
On Wednesday 13th of December 2017 the new “top 30” has been defined:
This means that we have said goodbye to the following cryptocurrencies.
- BitConnect (BCC)
- Golem (GNT)
- MaidSafeCoin (MAID)
- TenX (PAY)
- Basic Attention Token (BAT)
Regarding the departure of BCC from the top 30, one rule from the whitepaper has been updated. From now on each coin in the top 30 has to be traded on at least 3 exchanges with an API that we can work with. For BCC unfortunately this wasn’t the case.
We welcomed the following cryptocurrencies to the top 30:
- NXT (NXT)
- Ardor (ARDR)
- MonaCoin (MONA)
- Populous (PPT)
- Cardano (ADA)
Rebalancing of the top 30
During the rebalancing of the assets backing CombiCoin the following assets have been sold or bought.
This resulted in the following change of the assets owned by the foundation.
Old asset pool
New asset pool
The next revision and rebalancing procedure is planned on 14-02-2018
CombiCoin sales update
In the past week CombiCoin had 294 new registrations for the amount of $720,093.
TRIA Token profit share distribution
Originally the first profit share distribution was planned for February 2018 with a forecast between $ 0.05 to $ 0.11 per TRIA Token. We are happy to announce that the first profit share distribution will take place by the end of this week and the profit share will be $0.1478 per TRIA Token and will be paid out in Ethereum directly to the address holding the TRIA tokens. You cannot change the wallet address you receive this payment on.
Wallets that held at least 1 TRIA token during the snapshot of the TRIA Token blockchain of 15-12-2017 will receive profit share.
With 1,092 participants our ICO was a great success and we raised a total of $ 2,260,330. This means that from the start there will be 240,460 CombiCoins and 274,780 TRIA tokens. Everyone should have received their CombiCoins, if you have not yet received your CombiCoins please send us an email. All bounty/referral bonuses will be send next week.
Construction of CombiCoin
On October 2, 2017, the funds have been officially released by the supervisory board of the foundation. From that moment we have been fully focused on buying the assets backing CombiCoin. At this moment we bought around 50% of all the assets backing CombiCoin and we expect to finish the buying process this week. From the start we have been buying all assets in the same weighted manner meaning that all top 30 cryptocurrencies are currently bought for around 50% of the level we need.
After finished the buying process of the top 30 you can expect the following things:
- Website update
We will update our website to give you insights on all assets backing CombiCoin. And show the exact value of 1 CombiCoin.
- TRIA Token exchange listing
We are currently in contact with exchanges for the listing of TRIA Token. We expect that TRIA token will be listed on an exchange in the beginning of November.
- Bounty / referral bonus TRIA Tokens
Now that the exact amount raised is known we have determined the exact amount of bonus TRIA Tokens that is available for Bounty and referral bonuses. We will start with the distribution after the construction of CombiCoin procedure is finished. We will send all bounty/referral participants an email stating there bonus.
- Software development already started
The development team already started working on the smart trading software. In all coming updates we will keep you informed about the development.
Advantages of Rialto.AI data providing solutions:
- Full scope of exchanges and gateways
- Responsiveness and real time calculation possibility
- Reliability of the data stream
RIALTO.AI will be providing live datastream on the selected number of cryptocurrencies that are required for the calculation of the set of indices, including but not limited to the Official Bitcoin Price Index, Crypto30 Index, and Crypto Assets Index. Indices will be streamed to a variety of financial data vendors. Hedge Project plans to introduce several index-based products on their platform (e.g. purchase of any index replicated basket of cryptocurrencies), as well as hedging and short exposure products.
Be sure to read more at the source: Rialto.AI Medium