This new addition to the crypto world has us craving food. But what is it and why are we craving food?!
Introducing Donuts.
A new way to make things easier in the crypto world and it has our favorite dessert in it. Donut is set to solve all our problems in the mad, digital world of cryptos and make things easier for us, or at least that’s what their site says. *shrugs*
It is basically a place that helps you get started with crypto by helping you create your portfolio.
So Go Nuts on Donuts
It’s the perfect time to say this as things are about to be really easy, you can truly go N.U.T.S.
According to the bakers, the motivation behind this was the frustration from the technical jargon, complicated processes and lack of understanding when it comes to what to buy.
In their own words, the teams says:
Our team utilizes years of investment experience and techniques used at top hedge funds and private equity funds to carefully vet the top 1% of exchange-traded tokens. We curate these into our so-called Crypto Collections based on different themes.
Their crypto collection is based around a specific theme or a topic. It’s built so users can fly past the complicated crypto jargon and understanding what they are investing in.
The process is very easy. You simply have to answer a few questions and they find the best fit for you. But you do have the liberty to manually pick the collections that suit you best. The portfolio is tailored according to the user’s risk profile and investment goals.
For now, they offer three portfolios which are:
The Classics
This consists of the safest and least volatile coins in the industry, which are also, actively traded cryptocurrencies by volume like Bitcoin, Ethereum, and Litecoin. This is an ideal collection for beginners.
The Challengers
This one is for those who like to live a little dangerously. Its a collection consisting of promising emerging cryptocurrencies like Z-cash, Stellar Lumen, Ripple, etc., and platform tokens.
The Trailblazers
This consists of the highest development potential tokens, built on Ethereum.
The Secret Recipe
Their secret formula contains six steps:
- Mission: They asses if the asset has a genuine use for blockchain and decentralized technology.
- Technology: They check the source code and critique the security features.
- Supply: Checking asset availability, its network, value and number of transactions.
- Demand: Are the customers using the product and is it in any way contributing to the world?
- Token Economics: Investigating the type of token, team participation and transparency of the asset.
- Donut Analysis: Employs statistical modeling techniques normally used by top hedge funds, for a complete evaluation of each asset.
Donuts are always a good idea and here’s your proof!
