What is BIT10?

BIT10 is a Cross-chain Decentralized Asset manager that helps users to buy crypto more easily and efficiently through the use of Index funds.

In traditional finance, BIT10 can be compared to BlackRock as they provide their users Index funds and ETF’s to buy.

The most popular Index funds in traditional finance is the S&P500, which when bought makes the investor a shareholder of 500 companies, BIT10 is doing the same thing but for crypto.

We produce crypto index funds, our flagship model being BIT10.TOP which does cross-chain, auto-rebalanced and fully decentralized index funds of the top 10 Crypto’s.

The reason why we started building index funds as our main product was because the founders of BIT10(Zeya Rabani and Harshal Raikwar) hated crypto picking but love diversified index funds in traditional finance such as the S&P500. The current solutions on the market had been on specific chains like Index COOP and Reserve protocol, but we wanted to find a cross-chain index funds and after some research we realised we’d have to build it ourselves and we have.

Before we move on to BIT10, let’s take a step and learn exactly what index funds are and why they are great.