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Mudrex Coin Sets — Invest in theme-based bundles of cryptocurrencies
Coin Sets are theme-based bundles of cryptocurrencies actively managed by experts. They help you diversify your investments across a theme and minimize your risk. Invest in ideas you believe in and grow your wealth in the long run!
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@kevin @jamessinka Exactly why we built it... right now we have based on specific themes.. personal rebalancing will be available soon!
@kevin @edul_patel1 I don't see how to access the prepaid wallet. Where on the Mudrex site do I go to find this?
It is an amazing product !! As you said that "If there were ETFs and Mutual funds for crypto, this is what they would look like" it really justifies that, it is a great way to diversify your crypto portfolio, I also like that idea behind "Invest in ideas, not tokens".
One suggestion I want to give related to the dedicated bundle page is that you can add more things to it, like as you already showed much like return graph, Mth. Avg. Return, Total Trades, Profit Factor, Short Returns, etc, etc. but you can add some more features and details like how they are managing funds/money in these bundles, pros, and cons of particular bundle, all holding in terms of coins they have, who manages that particular bundle his/her background, educational qualifications, and current profession and how they are associated with this bundle, and you can also add features like "return calculator" that would be very helpful for investors to calculate their returns on the basis of their investments.
I know it is a growing platform and you guys have definitely planned something big for the near future, All the best for that !! but these are some points that I believe will be very helpful for the platform and users !!
great product !! keep rocking !!
@abhijay_jain
Thanks a lot for this Abhijay!
We are actively working on adding these details. You should see a lot of improvement in the next few weeks!
Cheers
I really enjoyed playing around with your product and within 30min I invested in two coin sets and one algorithm. Great product you've build so far.
WOW team, what a great idea, I have been looking for a platform which is easy to use, can be used to invest in cryptos passively without spending much time of researching on individual projects, What are the risks involved with investments in coinsets?
@pranjal_agarwal Thanks for the comment! Glad to see that you like the product!
Like most investment product, Coin Sets are also subject to market risk. There is no active trading or active hedging of position. The goal with Coin Sets is simply to help you chose and invest better over the long term invest of randomly purchasing tokens.
Great concept that I think could make crypto-investing much more approachable/understandable (and less risky) for many! Congrats!
A new layer on the crypto puzzle emerges! Interesting idea and if nothing else a great breakdown of the different crypto currencies out there
@iamkunkel Thanks!
At Mudrex we expect investment to be the main layer where most users come in and become a part of the crypto ecosystem. Coin Sets is just 1 step towards it
This is wonderful, there aren't a lot of extensive cryptocurrency investing resources out there, but this is a good one. Can I invest via credit cards?
@praveen_peeddi Thanks!
Unfortunately direct investment via credit cards is not supported yet. Having said that if you are in Europe, you can use the credit cards to purchase USDT directly from the Mudrex Wallet and use that to invest.
Great product. Invested in Coin Sets and the experience is perfect. As you said - if there were ETFs of crypto, it would look like Coin Sets. This is a complete game-changer for early crypto investors. Look forward to the growing wealth on Mudrex!
@pratikpoddar Thanks for the trust!
Glad to know that you are loving the product!
Amazing product. Just invested on Coinsets over the weekend. Have been looking for the smallcase equivalent for Crypto and this is a total game changer. Look forward to the platform evolving further and adding more features.
@shankmurali Thanks a lot!
Look forward to you growing you wealth with Mudrex!
This looks like a great idea, but can I simply not buy these coins from my exchange itself, what's the advantage of buying these from Mudrex?
@skworks Thanks for the upvote.
This is a very important and obvious first question to ask. Yes, you can purchase the coins on your exchange one time but periodic managing, rebalancing, making decisions, again and again, to buy and sell tokens is typically a very stressful experience.
The goal of Coin Sets is to simplify this process. Baskets of tokens are created by experts at Mudrex. We monitor them and change them monthly. We also take the effort of reallocating and rebalancing across new coins and that is the value of Coin Sets. Plus.. all of this is free!!
Amazing UI/UX, sound cool, however the biggest problem now a days is security with more of the platforms, especially after recent hack news at coinbase, How secure are your systems?
@sagar_bhatia22 Thanks a lot for those kind words!
Mudrex is super secure. Our wallet is powered by Binance and all entries/exits to it are IP whitelisted. We work using API integrations that are stored securely in AWS Vault.
We never store any of our assets so that inherently removes an attack vector as well.
Awesome product. Topically, I think they discussed lack of expert-managed crypto funds on the last All-In pod... esp for 2nd-layer + protocals, I think need a focused and specialized service as space evolves quickly. Good luck and look fwd to using!
@pushkinv Thanks!
Experts are 100% needed for a field like crypto where everything is new and everything moves so fast.
Just love Mudrex Coin Sets . Great way to diversify in Crypto. I have been a Beta User and like it. Thanks for bringing this up Mudrex
Great idea! The simpler the process the more this opportunity opens to people who wouldn't consider it otherwise, myself included.
This looks really useful! Especially with so many new people becoming interested in crypto. Could you elaborate on how the Coin Sets are usually created, what parameters are used while selecting a crypto in a coin set bundle?
@agrimittal Thanks for the feedback!
Great Question. Each Coin Set is unique and is based on a specific theme and set of rules.
We typically look at trading volume and Market cap apart from token sectors. The Mudrex Capital team then uses this data and filters tokens and decides allocation
This sounds like a no brainer if you're crypto enthusiast. Half of my investment will definitely be on Coin sets.
@praveen_peeddi Absolutely!
Do join in and let me know if you need any help!
I think it’s a neat way to look at Cryptocurrency differently and obtainable for beginners and keep an eye on market trends.
@wekh Sounds unbelievable right.... :)
Well there is no catch. Coin Sets are free for now and will be foe the next couple of months. Post that we will charge 0.2-0.5% per month.
SatoshiGPT