What Is CryptoMover?
The company launched in the first quarter of 2017. The founders created a platform that would be used for indexing cryptocurrency. During the second quarter of 2017, the company launched their first CM# and CM10 indexes. This was their large cap index and index on the Altcoin market. They then released their official white paper and the research teams started two separate functionality based sectors of the company, Cryptovoices and Cryptoanalysis. This is when they had an official talk with Techcrunch in China.
During the 3rd quarter of 2017, they received funding from more one of the top tier venture capital firms in the Silicon Valley, 500 Startups. The founder of the company was then interviewed by Bloomberg. They became one of the first companies to give customers Bitcoin Cash. They even made a video about it so that other people would be able to get their holdings as soon as possible. Then Cryptomover appeared on Techcrunch. For the last quarter of 2017, they launch the world’s first IPO or Initial Product Offering.
How Does Crypto Mover Work?
The company is designed to help you diversify your crypto portfolio with the minimum amount of time and effort. They have developed a platform that indexes different cryptocurrencies to make the entire process simpler for the users. They believe that the indexes they have created will help people make more passive income in the long run. They will give continual expected inflows into the space. And any digital tokens will continue to climb in value.
Apparently, there are less then 30 million people worldwide who actually posses a digital wallet. That’s less then %.05 of the total population. And of that population, most of them have under one percent of their total net worth in them. This could easily multiply by ten times in the near future. More people are starting to use digital currency to pay for products and services online. The tokens will likely become more valuable then ever, far more so then they are today.
There are several different types of Altcoins, they are still in an early stage. Some are more advanced technically then others are. And they serve to solve some of the current issues that is had with Bitcoin. Also, most of the cryptocurrencies in their index have a limited or finite supply. They believe that cryptocurrencies are a good store of value as many people will continue to buy them.
Their purpose is to launch a series of indexes for all the different digital currencies. They will cover anonymous currencies, payment currencies, blockchains, decentralized currencies and mid-market coins as well as newly emerging ones. The goal is to have indexes for people who are looking to gain exposure with various coins. And to help them benefit from the inflows of currencies in the digital space.
Who Is Behind CryptoMover?
The Hong Kong Cyberport which is a smaller branch of the Hong Kong Special Administrative Region Government are who funds Cryptomover. They also have a team of specialists from Asia and advisors from around the world. There are also many partners invested into the company as well.
They have a lot of work ahead of them, if you’re looking for a way to get into diversifying your cryptocurrency space, then CryptoMover could be a great site for you. They are about a year old and still around which is a good sign. But it will still take time to see how their system fairs in the future.
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