Feathercoin is part of the BLOCK5 mutual fund traded on Coinbook
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Hi everyone,
Just wanted to share the news that the Block30 Labs has partnered with Coinbook to offer a sort of mutual funds with a basket of coins to give investors exposure to a diverse portfolio of coins in one basket. There was a lot of fanfare and press on the subject and since Feathercoin is one of the 5 coins you should know about the added exposure.
The fund is meant to be a long term buy and hold play which will take FTC off the market and help the price. It trades at https://coinbook.com/block5
Cheers everyone :)
Calvin Weight
Coinbook, CEO
https://coinbook.com -
That sounds like good news :)
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Great to hear such news!
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neat! … and apparently we need more than 8 characters to post.
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Take FTC off the market?
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@wec said in Feathercoin is part of the BLOCK5 mutual fund traded on Coinbook:
Take FTC off the market?
It’s not ‘take FTC totally off the markets’, but ‘occupy a percentage of coins, so these coins are off the market’.
This means, that less coins circulate and the price becomes more stable.
