In order to compete for a share of more than $30,000 in rewards, Mosaic Alpha launched its Basket Manager Combine, a three-month competition for cryptocurrency influencers, asset managers, and seasoned investors to create and manage token baskets. The contest will begin on April 1, 2025, and end on June 30, 2025.
A decentralized financial instrument called a token basket aggregates many cryptocurrencies into a single, tradeable portfolio. Every basket may be followed, shared, and monitored in real time, and each one represents the creator’s investing strategy. By investing in a token basket, everyone may essentially follow an asset manager’s strategy. Both the management and the investors gain from profits if the basket does well; however, underperformance may also result in losses.
Investor involvement generates performance-based fees for basket managers, establishing a shared incentive structure that links their success to that of their followers. Only carefully chosen, whitelisted assets are permitted in token baskets in order to preserve quality and dependability; hence, no unverified tokens are shown on Mosaic Alpha. Token baskets are completely blockchain-based, transparent, and non-custodial, in contrast to conventional asset management.
Through the use of Mosaic Alpha’s platform, competitors may create and manage their own token baskets. The Kodexa token, the platform’s official utility token, will be used to provide rewards to the top-performing token basket managers on the leaderboard. First place will get $15,000 in KDX tokens, second place will receive $10,000, and third place will receive $5,000.
How to Take Part:
- Create a Wallet: Use Metamask, Trustwallet, or any other cryptocurrency wallet that has the Walletconnect feature to create a digital wallet.
- Fund Your Wallet: Use the Binance Smart Chain network to deposit USDT, BNB, or other accepted cryptocurrencies.
- Build Your Token Basket: Decide which cryptocurrencies you want to use, create a special strategy, and establish the starting token basket composition.
- Make sure your basket complies with the competition’s rules.
- Optimize Your Basket: As market circumstances change, keep an eye on your basket and make necessary adjustments. To boost participation, share your basket with your community.
- Compete for Rewards: Monitor your performance and aim to top the scoreboard in order to get rewards.
Participants may add their trading history, bio, and other credentials to validate their profiles and increase dependability even further. Potential investors will have more trust when deciding where to invest thanks to the platform’s marking of verified profiles. Higher investment inflows may result from this enhanced trust, which would eventually raise the basket manager’s fees.
Attila Vidákovics, CEO at Mosaic Alpha stated:
“We’re looking forward to seeing how our diverse community of traders, influencers, and investors will leverage the platform’s token basket capabilities to build winning strategies. The Basket Manager Combine is a perfect opportunity to put those strategies to the test in a competitive environment, with substantial rewards up for grabs, and in the end bring our users more diversified and tailored portfolios.”
Click here to enter the competition or learn more.
Token baskets may be created, managed, and invested in using Mosaic Alpha, a next-generation decentralized investment platform. Mosaic Alpha was created to enable both professional managers and regular users to engage in and profit from strategy-driven cryptocurrency investment by democratizing decentralized asset management.
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