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RE: Introducing Prism: a crypto portfolio platform built with Ethereum - How smart contracts can allow a token economy to flourish. Is it worth the fees?
Noob here! Apologies in advance in case I misunderstood the whole thing.
How is this different from simply buying and holding desired cryptos in exchanges and selling 3 weeks later?
Well first off, you do not need to trust the solvency of any exchanges - everything is collateralized and build on smart contracts.
With this product, you gain exposure to other cryptos without the need to find a secure wallet or deal with any keys.
In the end, you are going to be better off buying the coins and keeping them in your own wallets - in the future, when the fees come to earth, this is a much easier way to gain exposure to other coins without the risks associated (exchanges, keys, wallets ...)