BSK — Basket Token is the first crypto index on BNB Chain. Binance cryptocurrency exchange had 28.6 Million users in 2021. These users want a diversified portfolio that tends to generate attractive returns over time. Due to a volatile crypto market, it is difficult even for the most experienced traders to time the market and extract gains. Vingt.io, through its BSK — Basket Token, would allow investors to have macro exposure to the crypto space while limiting idiosyncratic risks.
Cryptocurrency indices provide cost-effective and efficient experience for crypto investors as they deal with a single instrument rather than having to manually trade multiple assets in consecutive fashion. Crypto indices provide excellent avenues for granting investors easy, targeted portfolio exposure to various zones/categories of cryptocurrencies, such as DeFis, Metaverse, Gaming, POS, Layer1 and Layer2. The BSK index is creating a pool of cryptocurrencies that would automatically rebalance itself and have similarity to traditional index funds.
Long term investors want their money to be safe and productive. This is only possible through a decentralized autonomous network of smart contracts that can hold funds according to set rules and parameters on a blockhain. By using the open-source base structure of set protocols V2, Vingt.io is creating a product that would bring risk averse, conventional stock market investors to the cryptocurrency world.