FGA Middle East Ventures DBT – Symbol : FMIDx
FGA Middle East Ventures is an actively managed Digital Basket Token “DBT” that focuses on real world asset venture opportunities and tokens that are relevant to the DBT’s investment theme of disruptive innovation. This DBT holds the digital assets in its associated trading account, tracks and displays the real-time trading and pricing of the underlying digital assets shown publicly for transparency and represents fair market pricing for the DBT.
What is a Digital Basket Token “DBT”?
Digital-Basket-Token “DBT” is a type of managed digital asset product that tracks a basket of underlying digital assets which are listed on the HootDex Digital Asset Swapping System. DBTs are traded on HootDex just like other digital assets, with a liquidity pool associated with them and register in real-time on the Pecu Novus Blockchain, which makes them more liquid than a typical digital asset product.
Although they were originally conceived on HootDex, they were created for potential mass adoption across all digital asset exchanges, promoting inclusion as is the core goal of the Pecu Novus Blockchain Network itself.
DBT’s are priced at fair market value of the underlying digital assets in the DBT itself. So a Fair Value Calculation is utilized and the pricing is based on exactly that in real-time, this eliminates any possible pricing manipulation or major disparities from exchange to exchange.
DBT’s offer a number of advantages over other types of digital asset investments, including:
-
Diversification: DBTs allows for portfolio diversification with exposure to a basket of managed digital assets instead of just a single digital asset.
-
Liquidity: DBTs have liquidity pools associated with them and traded on HootDex and will more than likely make their way to other digital asset exchanges, which makes them more liquid than other digital asset vehicles.
-
Transparency: DBTs on HootDex automatically disclose their holdings in real-time to the general public. This makes them more transparent than other types of digital asset vehicles.
-
Cost-effectiveness: DBTs have low transactional fee associate with them as all digital assets do on HootDex and there are no gas fees if swapped on HootDex.
Increased Benefits
The increased benefits and opportunities will arise when centralized cryptocurrency exchanges globally list DBTs on their platforms. Centralized exchanges play a crucial role in the cryptocurrency ecosystem by providing users with a regulated and user-friendly environment to trade digital assets. By listing DBTs, these exchanges can offer their users access to a broader range of trading options and investment opportunities.
VIEW ALL TOKENS
LATEST CRYPTO & FINANCIAL NEWS
- Bitcoin smashes all time high on expected Trump victory - Fortune
- Historic: Bitcoin Breaks All-Time High as Trump Gains Ground in Prediction Markets - Bitcoin.com News
- Bitcoin sets a new all-time high on election night - Axios
- Soaring Trump trade sends bitcoin to record high as presidential race leans Republican - Fortune
- Bitcoin Hits All-Time High As Election Betting Markets Predict Trump Win—Race Too Close To Call - Forbes
- Ether traders eye more downside amid ETH/BTC tapping 'new multi-year lows' - Cointelegraph
- Tech giant’s failed AI energy deals could pull power from Bitcoin - Cointelegraph
- Singapore Regulator Unveils Plan to Develop, Commercialize Tokenized Assets – Regulation Bitcoin News - Bitcoin.com News
- Dollar jumps as ‘Trump trades’ push US bond yields and bitcoin higher - Financial Times
- Bitcoin Grows as SatoshiDEX, the First Bitcoin DEX, Hits the Market - Bitcoin.com News
- Bitcoin Heads Into US Election Count With Biggest Jump in a Week - Bloomberg
- Bitcoin Proxy MicroStrategy Gets 'Strong Buy' Signal From These Technical Indicators, But Here's Why You Should Be Mindful - Yahoo Finance
- Bitcoin drifts around $69,000 on election night as crypto investors see choppy trading ahead - CNBC
- Bitcoin drifts near $69,000 on election night as crypto investors see choppy trading ahead - CNBC
- Money Electric: The Bitcoin Mystery review – this frustrating documentary feels like a digital Agatha Christie tale - The Guardian
- Tokenized Fund Ecosystem Adds Fiat Currencies, FX Swaps - Markets Media
- Bitcoin Q4 Seasonality: Will 30% November Returns Repeat in 2024? - tastylive
- Colorado-Based Riot Nears Phase 1 Completion of Corsicana Bitcoin Mining Facility - dallasinnovates.com
- Reserves Threatened: China Urged to Dedollarize Its $3.3 Trillion Forex Stash - Bitcoin.com News
- Bitcoin Gives Up Gains as U.S. Election Anxiety Unleashes Crypto Volatility - CoinDesk