An Index which can be seen similar to Nasdaq QQQ or Dow Jones SP500 where an average value is given to a selection of companies shares.
I've been thinking about this for a couple of months now, it would be very nice to be able to invest in an index fund with tokens I can story and trade by myself, instead of manually investing in altcoins one by one.
It raises several questions though. First question: how do you select coins for the fund?
In the TTT environment you buy or sell simultaneously the 20 largest for capitalization alternative coins.
Market capitalization is a debated measure, selling 1 out of a billion coins for $50 would put a new coin on top of the list. It also changes often, so this isn't an ideal method to choose coins.
It would be nice if you can show your index worked backwards to the beginning of all cryptocurrencies. That would show historic growth.
By trading simultaneously BTC and altcoins we create a situation where we'll have 50% of chance of a positive trade, 25% neutral and 25% negative.
Can you explain this a bit more? It seems too good to be true.
That can be easily explained by the fact that we have the possibility that Bitcoin price rises which is positive, that altcoins average price rises which is also positive.
If no market movement will occur than we have a neutral situation where no gain or loss are made.
Only in the case that both markets declines in the same time we will have a negative trade.
What happens when Bitcoin goes up and altcoins go down? How do you know this will have a positive outcome?
We needed a secure decentralized environment where to mine our coin and therefore we have choosen for Cryptonote ®.
Now you've lost me. I get that you need a token, but why does it require mining? You could easily create 1 million tokens, each of them value 1 index share. Each share could contain x BTC, y altA, z altB, etc up to 20 altcoins. Once someone buys 1 token in your index, he pays (say) $5k, after which you send him 1 token, and buy the required altcoins to store in your index fund. Unfunded tokens aren't used, only tokens sent to customers have value.
Digital transactions sent to the network are untraceable
IF I trust you with my money, you should be a trusted institution. It could be for instance Vanguard issuing these tokens.
BUT any trusted institution will have to follow KYC/AML regulations, which means it can't be anonymous.
There will be 10 million premined TTTcoins available in the Bitotal ecosystem and 90% will be available during ICO.
Unsold tokens will be allocated to our reserves and no extra coins will be mined.
So you're just creating tokens to sell, create a bubble/hype, and
hope someone will actually start using your index for investments? In my opinion your approach is wrong, starting to sell an empty token instead of shares in an index fund.
