Tale Wallet brings to its users a first-of-its-kind feature that makes a passive investment with self-custody easy for the users.

Behold CRYPTO BASKETS.

What is a Crypto Basket? How are they helpful? Why should I use them?  The answer to all of these is summed up precisely in Crypto Basket’s tagline:

‘ Invest, Reconcile and maintain Self-Custody ’

1. Invest
   Trading is a game not meant for retail investors. The institutions always have an edge over retail investors when it comes to trading in terms of access to information.
   Hence it is safer for retail investors to invest in the long term rather than trade.
    
2. Rebalance
   However, in a rising industry, full of competing project, what the user actually invest in is an idea. The users do their due diligence one time and based on all of that, they pick the top crypto fulfilling their criteria. This is not ideal either in the sense that what holds true now may not hold true forever. Some competing projects may become a better option in the future.
   
   Hence, while it's true that the retail investor should mostly just invest for the long term, it's also equally important for them to reconcile and rebalance their portfolio time and again to stay invested in the top-performing asset centered on the idea/theme they want to invest in.
    
3. Maintain Self-custody
   Self Custody is of paramount importance in DeFi and it's actually one of the core things that the decentralized economy stands for. FTX crash showed us that. While there are some solutions out there that provide passive investment options to the user for cryptos, they either are very complex to use or don’t Provide Self custody

This is what Crypto Basket actually is. They are baskets of top-performing crypto centered around a particular idea. It encourages users to take exposure in crypto by directly investing in cryptos-idea while holding custody of those assets.

At Tales Wallet, we have created 7 Crypto Baskets each of which includes top-performing cryptos centered on a certain theme.

The current set of baskets is rule-based. The system picks the Token Category, Market Capital, Trading Volume, and other parameters among the top 20 crypto projects and creates a basket from them.

It has identified 7 themes among the top 20 crypto projects out there namely: 

1. Blockchain Gold - Tracking top cryptocurrencies that fulfill store of value in Crypto Industry
    
2. Blockchain Oil - Tracking top cryptocurrencies that focus on creating Layer1 Smart contract projects
    
3. Security Doggers - Tracking top cryptocurrencies that dogges security definition as per Howey test
    
4. Future of Payments - Tracking top cryptocurrencies that focus on being future payment currencies
    
5. Dominant 2 - Tracking the top two dominant cryptocurrencies
    
6. Dominant 5 - Tracking the top 5 dominant cryptocurrencies
    
7. Altcoin 5 - Tracking the top 5 cryptocurrency after the dominant 2

Investing in them executes Buy/Sell orders to purchase those crypto tokens for the user. The tokens remain in the user’s wallet at all times.

This is a sound way for retail investors to take exposure in the crypto industry and at the same time for them to learn about this emerging asset class.

In future we will come up with more passive investing options for users like Crypto Index and Active Crypto Baskets which are prepared by Wealth Managers.

For now, avail these solutions and take safer exposure to the crypto industry through crypto baskets at Tale Wallet.