💰Update on the Collaborative SteemFund - 16th Week💰

Dear Steemians,

#SteemFund was launched to help new CryptoInvestors to make good choices.

Image Credit

How does it work ?

I started by making a quite diversified Crypto Investment Fund with cryptos I like and think have great underlying projects.
Every week, depending on the comments I receive on this post or on my Twitter account, I will make a survey asking if we should integrate a new "Crypto".
The one receiving the most votes will then be integrated in the Portfolio.
We will track the Portfolio Performance on a Weekly Basis.

This initiative can ONLY work if Steemians gather to discuss Crypto Projects and come together

Portfolio as of June, 1st

Performance of #SteemFund

Our Portfolio Value is currently standing at $8492.

List of Holdings

• Steem: If you read this, you know why. I am still mad that I did not buy more at <1$
• Eosio (EOS): I believe in Dan Larimer; he already developped 2 great projects (Steem and Bitshares) and as the Co-founder of Steemit on @SGTReport said about Dan larimer and its EOS ICO: “The people who say that there is no product yet, Dan has built 2 of them if they think he’s not gonna build the 3rd one, they’re crazy. This is the one he always wanted. The other 2 were just helping him get there”. EOS Meet-up in NY taking place today, AirDrop in 2 weeks of their first partner.
• Ethereum (ETH): In my opinion, it has been the most exciting project in cryptos so far. This project has been copied or inspire many other hot cryptos (NEO, EOS...). Devon3 gathering brought a lot of visibility on Ethereum's next improvements especially on the scalability issue.
• Siacoin (SC): Siacoin is a solution that allow companies to use storage in a decentralize on Siacoin network. “Miners” are renting their storage capacity. It is 5-10x less expensive than with traditional companies as Amazon Web Services, Google, etc…
• Golem (GNT): It is a cryptocurrency allowing you to use the calculating power of the computers connected to its blockchain network. This is useful for companies looking to rent some calculating power for a project, etc…
• Augur (REP): I just like the prediction market project. They have a good team of developers and seem to work very hard on this project. And last but not least but they keep you updated on a weekly basis.

Transaction Prices

• 1.175 Ethereum at 852 USD
• 220 EOS at 9.1 USD
• 18.5 Augur at 54.9 USD
• 235 Steem at 4.25 USD
• 42000 Siacoin at 0.02387
• 1450 Golem at 0.342
• 4000 BitShares 0.25 USD
• 625 WABI at 1,61 USD
• On March, 31st; We sold 500 STORJ at 0.6658 USD & replaced it with 0.047BTC at 7077 USD
• On April, 25th; We sold36 EOS at 14.4$ & Bought 7.25 NEO at 71.69$
• On May, 9th; We sold 22770 Siacoin at $0.0256 and bought 1841 Cardano at $0.3215
• On June, 1st We sold 37 EOS at $12,2 and bought 7025 TRON at $0.064249

What should we do?

I made a 4 choices Survey on Twitter than you can find here concerning the Cryptos we should sell at the moment.

1. Not Sell anything and stick with this Portfolio
2. Sell 7% of EOS and Buy something else
3. Sell 3% of Siacoin and Buy something else
4. Sell 5% of Golem and Buy something else

In which Cryptos Should we invest the previous sell (if any)?

Please find the other survey here

1. 0x (ZRX)
2. Monero
3. NEO
4. Bitcoin Cash

Portfolio as of May, 24th

What do you think of this initiative? I am so excited to read your comments!

Related Articles:

• 💰Update on the Collaborative SteemFund - 15th Week💰
• 💰Update on the Collaborative SteemFund - 14th Week💰

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