TokenDAO Core Portfolio (TCOR)
TokenDAO's flagship product on Ethereum.
Last updated
TokenDAO's flagship product on Ethereum.
Last updated
Contract address: 0xEfc6EA4B3B86308cae83031bA7C1Ff4e532AEF88
The TokenDAO Core Portfolio (TCOR) is a strategy providing long-term core exposure to the performance of the Layer-1 (base network) cryptocurrency market.
The TokenDAO Core Portfolio is a strategy designed to track the overall performance of the Layer-1 (base network) cryptocurrency market. The portfolio is weighted based on a combination of capitalization weighting, equal weighting, and portfolio optimization algorithms. The TokenDAO Core Portfolio aims to be a core holding within any diversified cryptocurrency portfolio.
Hold TCOR as a long-term core portfolio holding.
Earn swap fees by adding liquidity to the ETH/TCOR Uniswap liquidity pool.
Arbitrage the net asset value (NAV) of TCOR with the ETH/TCOR liquidity pool price.
Anyone with an Ethereum wallet can buy TCOR from a liquidity pool.
You can earn swap fees on your TCOR by contributing liquidity to the Uniswap ETH/TCOR liquidity pool. Liquidity pool providers earn 0.3% on all swaps.
The token must be representative of a Layer-1 blockchain or sidechain. The token must have a tradable ERC-20 token representation on the Ethereum blockchain and can be in any form if there exist adequate liquidity available, reasonable transaction costs, and low tracking error. Tokens with low liquidity, high transaction costs, or high tracking error are excluded. The token must not be considered a security by corresponding authorities across different jurisdictions.
Rebalancing follows a percent-range rebalancing approach that involves setting rebalancing thresholds or trigger points, stated as a percentage of the portfolio’s value, around target values. This approach is intended to keep turnover and network fees low. Rebalanced weightings are computed using a combination of capitalization weighting, equal weighting, and portfolio optimization algorithms.
Anyone with an Ethereum wallet can issue new fully-collateralized TCOR tokens, but must first purchase the underlying constituent tokens with their wallet from an exchange.
First, go to the TCOR TokenSets product page and log in with a Web3 wallet. Click on the button with three dots (shown below).
Select Issue.
Type the number of TCOR tokens to issue and the schematic will update to show the amount of each token required to issue the desired number of TCOR tokens. Purchase these tokens in the amount required and once the required amounts are purchased in the wallet, then the "Issue" button at the bottom will activate, click on it.
Confirm your choices, approve the transactions, and the new fully-collateralized TCOR tokens will be received.
Anyone who owns TCOR can redeem TCOR for the underlying collateral portfolio.
First, go to the TCOR TokenSets product page and log in with a Web3 wallet. Click on the button with three dots (shown below).
Select Redeem.
Type the number of TCOR tokens to redeem and the schematic will update to show the amount of each token you will receive into your wallet. Click redeem, approve the transaction, and your wallet will then receive the underlying tokens of the TCOR portfolio.
