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Investing in
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₹ 10,000
Confirm Amount
INR
USD
BTC
ETH
+
Review Basket Composition
Token
Qty.
Asset Value (₹)
Weights (%)
1. VET
1,764.23
₹ 3,300
33 %
2. MNR
67.06
₹ 2,100
21 %
3. ICP
5.09
₹ 1,700
17 %
4. KSM
170.12
₹ 1,500
15 %
5. UNI
23.19
₹ 1,000
10 %
6. EOS
1.43
₹ 400
4 %
Total
₹ 10,000
You will invest:
₹ 10,000
Choose balance to swap

Basket:

Stablecoins

Assets:

Tether, USD Coin, Binance Coin, Dai, Fei Protocol, Terra USD, HUSD, Tether Gold, Frax, Gemini Dollar

Managed by:

Negen Capital

SEBI Regsistration Number:

CAGR

2.3%

Subscription fee

Free

Subscription fee

Free

Weights & Percentages

Constituents of this portfolio were last reviewed on
June, 2021
and will next be reviewed on

Assets

Current Price

Weightage %

49.5
19.3
12.6
9.4
3.1
2.2
1.4
1.1
0.8
0.6

Total

100 %

Crypto Composition

Why should you invest in this Basket?

What are stablecoins?
A stablecoin is a cryptocurrency that is designed to fluctuate as little as possible from a specific value. The most popular stablecoins use the U.S. dollar as a benchmark and maintain a price very close to $1 if they are functioning as intended. Of course, there are also stablecoins pegged to other currencies such as the euro or the Japanese yen.

How do stablecoins work?
Most of the popular stablecoins maintain their price because they are backed with reserves of fiat currency. In other words, the entity that is creating the stablecoin guarantees 1:1 redemption of the stablecoin in exchange for the underlying currency, although this process usually comes with a fee.

There are exceptions, however – DAI, for example, uses a completely different model and maintains a price close to $1 by using a system of smart contracts and ETH as collateral.

Why are stablecoins useful?
"The most popular use of stablecoins is to quickly switch between a volatile cryptocurrency and a more stable asset. For example, if a trader holds BTC and expects its price to fall, they can almost instantly trade their BTC for a stablecoin to protect their holdings.

Stablecoins also enable cryptocurrency exchanges that do not support fiat currency trading to list an asset with a relatively stable value.

Stablecoins provide the standard benefits of cryptocurrency without bringing price volatility into the picture. The idea of sending a stable currency worldwide on a 24/7 basis at a low cost holds a lot of promise, and there are multiple projects working on stablecoin adoption for uses beyond trading.

Know how this CryptoBasket was created

Factsheet

Download key points about this CryptoBasket

Basket Overview

#Cryptos

10

Review Frequency

Yearly

Last Review

June, 2021

Next Review

June, 2022

Breakup

Generation 1
36%
Generation 2
55%
Generation 3
9%

Next Rebalance due on

June, 2022

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