However, our decentralized community needs more and more investment options. Passive instruments of income, so to speak. Which can make a good difference from banks and outdated investing in company stocks.
In this article, I will touch on a very interesting tool that has already been successfully transferred from the world of Stock markets to the world of Cryptocurrencies. It's about indices. Of course, not about stocks, but cryptocurrencies. Yes, you heard right, now cryptocurrency is taken even more seriously and there is a great demand for passive investing in the market.
>In general, investing in the index is usually referred to as “passive” investing. The main disadvantage of the indices is that they are not insured against a massive influx of investments in any over-popular industries at the moment, and there is no way to move investments in undervalued stocks.
Of course, every financial model cannot be perfect, but indices have been profitable for many years. Therefore, using such a well-known model in the cryptocurrency market is quite an interesting solution.
Phuture
Ethereum based platform. Allows you to use the full power of the decentralized economy of the world of cryptocurrencies. The platform creates indices for investment. Now, using the Phuture platform, you can invest in cryptocurrency indices. In my opinion, such an investment, taking into account the high trends of cryptocurrencies, should bring a very serious profit. The project documentation states that this is a decentralized project! Which will open up opportunities for creating your index. Each user can create their own S&P 500 portfolio - and invest in it. Of course, there are technical nuances. Who prohibits you from investing in the creation of cryptocurrency indices on the platform. This passive income will be much higher than stacking. The index will protect us from a sharp drop in the price of one asset. For example, if we just invest in one project and stacking, we will have more risks. As I understand it, the project today affects the entire Ethereum blockchain, all ERC-20 tokens. It is not indicated whether the project will expand to other platforms. However, we all know that today erc-20 is the most used blockchain and there are a lot of companies built on it. And the multi-chain can always be modified.
A project with great potential.
Indices have been working in stock markets for many years. Of course, transferring the model is easy enough. I think this is effective. Moreover, one should not forget that the growth of the index can be colossal. This is the world of cryptocurrencies. The project can already be found on the MarketCap.
I will be exploring all of the Phuture tools available on the platform shortly. Perhaps I will demonstrate how the platform works. Thank you for your attention. Goodbye.
Contacts
https://www.phuture.finance/
https://docs.phuture.finance/
https://discord.com/invite/frRD3Ck
https://www.linkedin.com/company/phuture-finance/
https://blog.phuture.finance/
https://t.me/phuture_group
