The 2100NEWS NWSCOT CETF token is a blockchain-based unit of value pegged and 100% backed by a basket of crypto assets on the Iconomi platform. (In the basket are components of the NWSCOT strategy which simultaneously track the 2100NEWS Digital Assets Coins Tradable Index) For every token minted, Iconomi holds digital assets. NWSCOT CETF tokens offer back-and-forth convertibility. Owners can send the CETF tokens to the smart contract and convert tokens directly into a strategy on Iconomi or vice-versa.
NWSCOT index comprises a strategic selection of cryptocurrencies and aims to cover a rigorously selected basket of Coins - not necessarily the largest by market cap. The index is market-cap weighted, adjusted for trading volume and free float. The index management is practically automatic and is done passively according to predefined parameters.
The strategy is fully invested with low assets rotation and we will not time moving out of the Market for you.