LOS ANGELES, CA / ACCESSWIRE / July 20, 2021 / Phuture, an index creation and investment platform that emphasizes a permissionless structure and allows for index products to evolve with the token economy, continues to position itself as the "future of crypto indexing" for everyone in the burgeoning cryptocurrency space.
"At this point, we know that emerging sectors within the crypto space are going to show real promise, which is why we have our eyes on the power and potential of the token economy," said Charles Storry, Co-Founder of Phuture. "With recent price increases and interest in crypto, we are seeing everyday people with a thirst for knowledge as to how they can benefit from this space. We realize there is a huge need from the crypto and non-crypto community for an open and decentralized index platform that people can build investment products upon, which is where Phuture comes into the mix."
Phuture is building a product that offers many advantages of a centralized experience with the innovation and security guarantees that a decentralized backend typically provides. The platform's aggregated design allows a single swap to rebalance multiple indices at the same time. The Phuture rebalancing engine can identify the optimal assets to rebalance while defining acceptable weight ranges to rebalance in.
The result is a platform that supports 100s of indices while minimizing the value leaked through swaps.
"Indexing underwent a technological shift during the dawn of the internet with the launch of the first ETF, and we believe it is due for another major change underpinned and spearheaded by Phuture's unique design," said Alex Melnichuk, Co-Founder and Tech Lead. "Phuture embraces open innovation and allows products to progress through the community, leveraging the knowledge of others for faster iterations, new features, and massive potential. Spread the word today."
Phuture's open design philosophy will help proliferate tokenized passive investment strategies by providing the tools for users to create new indices as well as invest into existing ones created by the community.
To check out Phuture's blog, visit https://blog.phuture.finance/.
To follow Phuture on Twitter, visit https://twitter.com/phuturedao.
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