Abra Wallet will launch its own token
The token will be called Bitwise 10 Crypto Index or Bit10 and aims to offer investors more exposure to the cryptocurrency market.
The token was developed together with Bitwise Asset Management, a company based in San Francisco, the Token focuses on the 10 most valued cryptocurrencies in the market, this means that by acquiring a Token you would be investing in the 10 cryptocurrencies at the same time.
The 10 cryptocurrencies are: Bitcoin, Ethereum, XRP, Bitcoin Cash, EOS, Stellar, Litecoin, Dash, Monero and ZCash.
Additionally, users can use BItcoin, Litecoin, Bitcoin Cash or fiduciary money that they have in the Wallet and turn them into Token Bit10.
The functions of the Token are based on intelligent contracts to link the holdings of cryptocurrencies or fiduciary currency of a user to Bit10