Jaltech’s cryptocurrency basket
Jaltech’s Cryptocurrency Basket is tailored for investors who are looking for a tax-efficient and convenient investment option that provides them with exposure and diversification across multiple cryptocurrencies. Below is a high-level summary of the cryptocurrencies forming part of Jaltech’s Cryptocurrency Basket.
Bitcoin (BTC) | Launch Year: 2009
Bitcoin is a decentralised digital currency that operates without a central bank or single administrator. Transactions are sent directly from user to user via the Bitcoin network, thus removing the need for third-party involvement in financial transactions.
Ether (ETH) | Launch Year: 2015
Ethereum is a blockchain platform with the ability to host decentralised applications. Ethereum supports the largest number of decentralised applications and boasts the most active crypto developer community.
Solana (SOL) | Launch Year: 2019
Solana is a blockchain platform designed to host decentralised, scalable applications. Solana can process 50 000 transactions per second and has much lower transaction fees than rival blockchains like Ethereum.
Uniswap (UNI) | Launch Year: 2018
Uniswap is a decentralised exchange that enables peer-to-peer market making. The protocol facilitates exchanges between cryptocurrencies using smart contracts on Ethereum and other many EVM blockchains.
Chainlink (LINK) | Launch Year: 2017
Chainlink is an oracle network first built on Ethereum but now live on a myriad of chains. Oracles help bring real-world data to blockchains and Chainlink facilitates the transfer of tamper-proof data from off-chain sources to on-chain smart contracts.
Polygon (MATIC) | Launch Year: 2017
Polygon is an ecosystem of blockchains and scaling solutions for Ethereum, with a number of products in active development. The Polygon PoS blockchain is one of the most active, and the blockchain chosen by a number of high-profile organisations to build on, including Starbucks, Meta, and Reddit.
Polkadot (DOT) | Launch Year: 2020
Polkadot is a protocol that connects blockchains — allowing value and data to be sent across previously incompatible networks. It’s designed to be fast, scalable and compatible as a web3 platform.
Avalanche (AVAX) | Launch Year: 2020
Avalanche is a decentralised, open-source proof-of-stake blockchain with smart contract functionality. The Avalanche blockchain can provide near-instant transaction finality. AVAX is used to pay transaction processing fees and secure the Avalanche network and acts as a basic unit of account among blockchains in the Avalanche network.
Cosmos (ATOM) | Launch Year: 2017
The Cosmos (ATOM) network is an ecosystem of blockchains that can scale and interoperate. Cosmos seeks to create an Internet of Blockchains through which blockchains can maintain sovereignty, interact with other blockchains in the ecosystem, and process transactions quickly–making it optimal for multiple use cases.
