Don't Put All Your Eggs In One Crypto Basket

in #bitcoin6 years ago (edited)

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I'm sure you know the saying, "don't keep all your eggs in one basket", well just in-case you haven't it's a simple way of saying you should be diversified. Such a simple strategy, one that has made passive investment vehicles like ETF's so popular on Wall Street. Yet in the Crypto space not only are most investors not diversified but the SEC can't even figure out how to allow one of the many Crypto ETF's presented to them.

Many investors in the Crypto space are invested in just one or two coins, with Bitcoin and Ether (Ethereum) being the two most popular. This is a very dangerous position to put your capital in, one that is rife with danger.

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Introducing Prism by Bitcoin City.

Prism is a smart contract built on the Ethereum blockchain designed to implement our Passive Crypto Investment Strategy for customers. Just like an ETF which mirrors an underlying index our passive strategy mirrors the entire Cryptocurrency market with a goal of out-performing the market by 5% - 10% annually. We accomplish this without taking on any additional risk and without using any leverage.

How does Prism work? Prism uses smart contracts to allocate investment in digital assets in a decentralized fashion. That is what makes it trustless, a feature that our users greatly value.

Once ETH is deposited, the smart contract is activated. Through opening and closing a Prism with the same Ethereum address, Prism enables users to retain their privacy while maintaining control of their Prism.

Moreover, each Prism contract calculates its own value on-chain by interacting with our Oracle contract. The Oracle reads pricing data from several different exchanges, making the value fair for the user. Users are protected by design since they will be using public Ethereum blockchain addresses. This, in turn, automates Prism’s inventory management while empowering users and staying in-alignment with Bitcoin City's ethos of decentralization.

To go a step further we do not hold your capital, the smart contract holds your capital in your Ethereum address giving you complete control over your funds. Unlike an ETF which ultimately holds your capital through a clearing firm presenting you with risk associated with the firm holding your ETF.

To learn more about Prism and how it works please visit our site and take control of your portfolio today, http://bit.ly/passivecryptocity

*full site coming soon

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