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#Blockchain, #Finance All projects

Altindex: The First Automated Index Fund of Tokens

We take the old financial market and we remodeled it thinking about the future

stage Ended crowdsale

3.3 Rating

by 8 users


    KPLs

    • Employees5

    Team

    5

    CARLES VIVES

    CEO Co-Founder BSc (Hons) Banking and Finance

    SERGI NOS

    COO Co-Founder Operational Managment

    ALEX CANTO

    Advisor Mineblocks Developer

    ENRIQUE SANTOS

    Trading Analyst and Mathematical Physicist

    SHEILA MUNDO

    Full Stack Developer


    Advisors

    1

    VICENT NOS

    Advisor IT developer




    Crowdsale details

    Distribution of tokens
    • Crowdsale (90%)
    • Altindex team (6%)
    • Advisory team (2%)
    • Marketing and investor relations (1%)
    • Legal and post-ICO audit, Security, systems and smart contract (1%)
    Budget allocation
    • Destined to the purchase of the underlying assets (90%)
    • Operational costs (10%)
    Details Indicators
    Token Symbol ADEX
    Full Token Name ADEX Token
    Pre-crowdsale Start May 11th, 00:00 GMT+03:00
    Pre-crowdsale End June 2nd, 00:00 GMT+03:00
    Crowdsale Start June 3rd, 00:00 GMT+03:00
    Crowdsale End Hard cap is reached or July 15th, 00:00 GMT+03:00
    Crowdsale Hard Cap Fixed, $1250000
    Crowdsale Soft Cap Yes, $7500000
    Domain registration date 2018-01-29
    Domain owner Carles Vives, privat, Castle Park 1, Cambridge, UNITED KINGDOM

    Cost of the token

    1 token for 1.15 $

    Price without discounts

    Discounts and Bonuses

    ICO
    First 3 days
    Fourth day up to second week: $ 1.05
    Third week: $ 1.10
    Forth week until sixth week: $ 1.15

    Pre-crowdsale
    Discount Dates Minimum purchase amount
    21% May 11 — 18, 2018
    18% May 19 — June 02, 2018

    Accepted currency

    • Ethereum


    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    8
    Alexandr Gonchar July 30, 2018
    Rating of project
    3.5

    Advantages

    The project is a token fund that uses the transparency and low costs offered by the blockchain technology. The index fund automatically controls the market of tokens as a whole. ADEX is the sign of ALTINDEX, and its value is directly related to the value of the 20 best tokens due to real market capitalization.
    The peculiarity of ALTINDEX compared to other funds is that it tracks only tokens.
    The index fund will use ICO funds to purchase the top 20 tokens on the market through total capitalization. ALTINDEX provides a way to monitor the performance of the entire crypto market by centralization the total cost in one token.

    Risks and disadvantages

    There are many minuses in the project, from the selection of tokens solely by capitalization and ending with the ICO for the purchase of these tokens on the market. It is evident that the general scheme is not sufficiently thought out and the effectiveness of such a strategy will be extremely low.

    Comments

    I think that this project will not receive recognition from investors. There are many similar offers on the market with more interesting conditions for investors of the project. Well, the very idea of buying the fund tokens for the money of investors looks bad, not to mention the fact that the purchase can be made at the maximum after which the price will fall.

    Julià Camargo May 22, 2018
    Rating of project
    4.7

    Advantages

    I think an index fund of tokens is a very interesting way to invest, especially this one because it takes into account the top 20 tokens on the market and makes a rebalance, which I consider very well structured. The whitepaper is very clear and the things they want to do are very competitive and ambitious, so I really like it.

    Risks and disadvantages

    They have retarded its presale two times, so the fastness of the project is not much clear. However, they say it's because of legal issues, they started on Switzerland and now they're moving to Dubai, so if it is true, maybe the release is better than I hope.

    Comments

    I consider is a great idea and that it offers something which nowadays is missing, but it has to change some things that can make the investors distrust about the assurance of their money.

    Leo Lagos May 22, 2018
    Rating of project
    4.3

    Advantages

    This ICO has a good product, at least as can I read on whitepaper. No more tokens after ICO finishes +1, great distribution of tokens, very expected young team. Three partners and big media coverage. Looks good. Soft bounty program, the product can be stongest for that. ERC20 and Ether Token.

    Risks and disadvantages

    May some information of team or all team members could be better. Where can I invest and I missing a preview of the platform.

    Comments

    This ICO could be great for invest but need some changes. It offers something that missing on market.

    ReSet comp. . May 22, 2018
    Rating of project
    4.7

    Advantages

    The solution that Altindex offers is brilliant, investors don't have to worry about being up to date with their investments because of the automatization that the token does alone. The roadmap is clear and economics well thought, no inflation and 93% of all ICO money will go to buy the underlying assets. The team is well-known in Spain for projects from the past.

    Risks and disadvantages

    The presale has been delayed a couple of times.

    Comments

    It is definitely a buy from my point of view, the idea is massive.

    Denys Serhiichuk May 17, 2018
    Rating of project
    2.0

    Advantages

    Whitepaper is translated into 2 languages: English and Spanish, which means that the platform is aimed at attracting investors from many countries. Team has active accounts on social networks. In addition, the project has also partners. Moreover, there are also bonuses for people who invested at the early stage of crowd-sale.

    Risks and disadvantages

    There is no working product yet. As a result investors can barely understand the overall idea of the project. I wish Roadmap be more precisely, as it does not contain concrete steps of platform development. Thus, nothing mentioned about advisors. Marketing is poor, no information about thread ob Bitcointalk.

    Comments

    There is so much incompleteness ( no precise development plans, marketing is not good enough, etc). Overall, I would not suggest people to invest in this ICO.

    Anne Bryn May 13, 2018
    Rating of project
    2.3

    Advantages

    The platform is expected to be useful for the investors by making investing process easier and more effective. Team's tokens will be subject to a 1 year lockup period for the investors to see that team's incentives are aligned with theirs.

    Risks and disadvantages

    I think investors can do similar things (choosing top tokens once a week and weighting) on their own. In this case they will be able to choose exactly the same 19 top tokens, but probably weighting will be a little different.

    Comments

    This project is rated by several companies and expectations don't look optimistic.

    Sofia Medda May 10, 2018
    Rating of project
    2.5

    Advantages

    The platform is planned to be launched in less than a month. No tokens will be created after ICO ends, which means this is inflation free system.

    Risks and disadvantages

    The team informs us that certain tests were made. We can`t see the results of those tests though.

    Comments

    Since the product is not available yet and we can`t try it, I think information about team`s experience is very important. It`s all about if the team is reliable. In this case we know little about the team.

    Elish Jah May 07, 2018
    Rating of project
    2.3

    Advantages

    Good idea since Altindex offers first token fund index in the cryptocurrency market, which automatically monitors the token market as a whole. A well laid out, informative, comprehensive Whitepaper and Website. Clear Roadmap. It is mandatory to register for investors during ICO to ensure that each investor has the legal security required for the proper functioning of the product.

    Risks and disadvantages

    As for token distribution and fund allocation, there is not a good balance. The WP as well as Website do not mention Team's background and expertise in the related field. No Press coverage. Social network numbers lack buzz.

    Comments

    The problem which Altindex is trying to solve is great but there is the need for more work on raising brand recognition as well as financial part.

    See more reviews

    FAQ

    Frequently Asked Questions

    Why invest in ALTINDEX?

    Its purpose is to offer the cryptocurrency investor a wide exposure in the token market with a diversified and secure portfolio.

    With ALTINDEX you will not have to worry about updating your investments because with just holding a single crypto active 'ADEX', the investor will own the top 20 tokens of the moment by real capitalization.

    Does ALTINDEX use its own blockchain?

    No, ADEX is an ERC20 based on the Ethereum blockchain.

    Is ALTINDEX a platform?

    No, ALTINDEX is a fully operational and independent autonomous system, ALTINDEX offers value from the beginning, that value is directly related to the 20 main tokens in the market by capitalization.

    Will more ADEX tokens be generated after the ICO?

    No, since it would compromise the product. For ALTINDEX to function as an index fund, the tokens must be limited, they will only be available during the ICO period and those that are not sold will be eliminated with the *burn* function of the smart contract. In such a way that the only opportunity to buy such tokens after the ICO will come from the owners of the same.

    Exactly what gives the token value?

    The value of the ADEX token is closely linked to the price of the main 20 tokens of the moment by actual capitalization, you can find more information in the whitepaper.

    How can I check the status of my investment?

    On the ALTINDEX platform you can check the value of each ADEX token, statistics and performance of the index fund.

    During the ICO we will develop our own wallet to facilitate transactions and check their status, but the investor still has the possibility to use the wallet that he wants.

    Is it mandatory to register to invest during the ICO?

    Yes, in this way we ensure that each investor has the legal security required for the proper functioning of the product.

    Can you create more than one account and invest more than once?

    Yes, the investor has the possibility of creating unlimited accounts and investing with each of them as many times as he wishes.

    What is the minimum investment?

    The minimum contribution is 0.03 ETH

    With what cryptocurrencies can ADEX be purchased during the presale or ICO period?

    We accept Ethereum

    How do I invest in ALTINDEX during the ICO?

    Visit our guide to invest correctly in ALTINDEX

    How can I check out my ADEX tokens?

    After the ICO the tokens can be liquidated through the ALTINDEX smart contract by its proportional part of the net asset value (NAV) of the portfolio as well as trade them in major exchanges

    How does the settlement option work?

    The intelligent settlement function of the contract allows investors to withdraw ether based on their participation in the underlying assets of the fund. This process is completely autonomous and withdrawals do not require authorization or extended waiting periods (as is often the case with other investments).

    Investors send a withdrawal request to the smart contract that allows them to withdraw the amount of ether corresponding to the net value of their tokens (less a commission of 1%). The withdrawal price is based on a forward price policy. This means that the extraction amount of ether will be calculated based on the following published NAV price.

    I have seen x and y managed funds that guarantee to beat the market, why not actively trade?

    Active traders and fund managers generally have a much higher ratio of fund expenditures than index funds, around 3% compared to index funds that offer close to 0.5%. The effect of this is that the aggregate return of the investors is less than the zero sum, which makes the superior performance much less probable compared to an indexed fund and with the market.

    Over a 10-year investment horizon, more than 80% of large-cap fund managers have not exceeded their benchmark, the odds of choosing a winning fund manager are also low: studies show that, regardless of past performance, future performance is practically random.

    Beware of sellers, brokers and fund managers who offer infallible strategies or commercial robots that promise to consistently beat the market.

    What does NAV mean? Net Asset Value (NAV) represents the market value per share of a fund, the NAV is significant only for open mutual funds.

    The most important thing to keep in mind is that the NPV would change weekly and they are not a good indicator of real performance due to the impact that annual distributions have on the NAV (it also makes it difficult to track mutual funds).

    Can I transfer my ADEX tokens to another wallet than the one I received them?

    Yes, however this will only be possible once the ICO has finished, until then the transfer function will be disabled, this is done to avoid buying / selling between third parties.


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