MetaFusion is an ERC20 Token built using the Ethereum Blockchain. It is asset-backed by investment into other cryptocurrencies. It has been designed to effectively operate in the same way as a cryptocurrency fund, but participation is by way of tokens rather than shares. A group of professional investors will invest the relevant value from the crowdsale into underlying cryptocurrencies and MetaFusion tokenholders will benefit from any price increases in these underlying currencies (e.g. Bitcoin, Ethereum etc.) simply by holding MetaFusion. The investment strategy is broadly to own all of the top 100 cryptocurrencies, like Bitcoin, Ethereum, Ripple (XRP), Bitcoin Cash, EOS, Litecoin et cetera, except those cryptocurrencies which are screened-out for some reason (more details on screening below) and then to benchmark, underweight or overweight each position in exactly the same way that a fund manager benchmarks, underweights or overweights holdings in a stock market fund based on benchmarking to indices like the S&P 500 or the FTSE 100. In addition to holding ALL of the non-screened-out top 100, the portfolio will additionally hold a number of the lower market cap ranked cryptos IF they are screened-in, because for example they show significant growth attributes or are linked to an underlying business or commercial project which is especially attractive for some reason. The value of MetaFusion will be both easily determinable at any given point in time and fully auditable by an independent auditor. MetaFusion has been designed such that its exchange price should reflect the aggregated value of the underlying cryptocurrencies held in the portfolio and that portfolio will be published on the MetaFusion website by UTC midnight on Monday of each week. The valuation will be calculated along the same lines as an investment fund and will be therefore completely transparent, showing each underlying cryptocurrency holding with the number of coins/tokens held and the price thereof at the valuation point.
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