What are Digital Asset Arrays?
They are relatively new, but think of them as mutual funds for cryptocurrencies. Instead of you buying the Digital Asset or Cryptocurrency directly, a Digital Asset Array Manager builds a portfolio for you.
Who are Digital Asset Arrays for?
I think that Digital Asset Arrays or DAA’s are really for everyone and will help the masses get involved with the Cryptoworld without having to learn how to buy it themselves, keep up with the message boards and news, and not have to worry about keeping their wallet secure, etc. Bitcoin’s soaring prices have sparked a lot of media attention, but even though most people have now heard of Bitcoin, they don’t know and more importantly don’t want to know how to obtain one. They do however may want to invest a portion of their investments into Digital Asset Arrays just as a hedge, similar to the way people have 10% of their investments in GOLD.
Even if you are already into Cryptocurrency and own Bitcoin, Ethereum, or Ripple, this still might be something for you to research because having a diversified portfolio is always recommended versus holding all your eggs in one basket.
To show you what a Real Life Digital Asset Array looks like, here is one example. The DAA is called Blockchain Index (BLX) and it is made up of BTC, ETH, DASH, XMR, and 23 other altcoins.
Here is the description via the website Iconomi.
Blockchain Index (BLX) is a passively managed DAA investing in established blockchain-based projects with active beta components. The DAA is market-cap weighted, adjusted for trading volume, and free float. Blockchain Index is a well diversified vehicle keeping a finger on the pulse of the blockchain economy. The focus of the investment selection is on nascent projects with potential strategic
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