The Token Fund - Thoughts?

in #ethereum7 years ago

Throughout the years I've invested in various funds on the stock exchange. This way I could build up my invested capital without much shortage of sleep. I myself am fairly new in the crypto market and for a newbie there is a lot of information to be taken in before investing. I recently came across a site from The Token Fund where you can invest in a scattered portfolio of different crypto coins. For the prudent investor, this sounds interesting, but still a few questions with this Token Fund.
With caution, I invested a small sum of ETH. Instead, I received a TKN coin on myelhterwallet. However, in order to exchange this TKN coin I have to apply through the The Token Fund site. You have to set up and send an email containing the amout of TKN you want to exchange and call on their good will. This token is not exchangable on any other platform. There is also a 5% entering fee and 5% exiting fee. Up until now they have made large gains in very little time but these fees seem very high especially in the crypto world which stands for low fees and fast transactions.

What are your thoughts on this Token Fund, this way of investing and are there any better alternatives out there?

Check out https://thetoken.io

Thank you,

Tom - Belgium

Sort:  

Congratulations @eltomos! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @eltomos! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You got a First Vote

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Congratulations @eltomos! You have received a personal award!

1 Year on Steemit
Click on the badge to view your Board of Honor.

Do not miss the last post from @steemitboard:
SteemitBoard World Cup Contest - Semi Finals - Day 2


Participate in the SteemitBoard World Cup Contest!
Collect World Cup badges and win free SBD
Support the Gold Sponsors of the contest: @good-karma and @lukestokes


Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @eltomos! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments

Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word STOP

Do not miss the last post from @steemitboard:
SteemitBoard and the Veterans on Steemit - The First Community Badge.

Do you like SteemitBoard's project? Then Vote for its witness and get one more award!

Congratulations @eltomos! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!