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TokenSets is Live: Automate your Crypto Portfolio Now | by Richard Liang | Set Labs

Richard Liang

We are thrilled to announce that Strategy Enabled Tokens are now live on TokenSets, the first platform that enables traders and crypto enthusiasts to automate asset management strategies by simply acquiring a token.

Put your idle crypto assets on exchanges or wallets to work on TokenSets while you sleep — Set it and forget it #SeFi with #DeFi.

As previously announced, TokenSets initially supports 6 Sets optimized based on how bullish or bearish you are of the crypto market. Hold the ones that most align with your sentiment:

  • ETH Range Bound Low VolatilityIf you believe the price of Ether will swing within a tighter range in the medium to long term, this Set will automatically buy on 30% dips and sell on 35% rebounds.
  • BTC Range Bound Low VolatilityIf you believe the price of Bitcoin will swing within a tighter range in the medium to long term, this Set will automatically buy on 20% dips and sell on 25% rebounds.
  • ETH Range Bound High VolatilityIf you believe the price of Ether will swing within a wider range in the medium to long term, this Set will automatically buy on 50% dips and sell on 40% rebounds.
  • BTC Range Bound High VolatilityIf you believe the price of Bitcoin will swing within a wider range in the medium to long term, this Set will automatically buy on 40% dips and sell on 30% rebounds.
  • ETH EnthusiastIf you are bullish towards Ether, but wish to diversify a portion into Bitcoin, this Set will automatically rebalance monthly to maintain a fixed ratio of 75% ETH and 25% BTC.
  • BTC EnthusiastIf you are bullish towards Bitcoin, but wish to diversify a portion into Ether, this Set will automatically rebalance monthly to maintain a fixed ratio of 75% BTC and 25% ETH.

With the launch of TokenSets and Set Protocol today, we are another step closer to our mission to make wealth creation tools accessible to anyone. We are excited to be adding decentralized asset management to the mix of lending, decentralized exchanges, derivatives and stablecoins products available in the DeFi ecosystem.

For the first time, anyone in the world can subscribe to automated portfolio strategies without the need to sign up for a bank, exchange or brokerage account. There are no management fees, no minimums, and no counter-party risk when acquiring a Set token on TokenSets.

We don’t have custody of your funds — you are always in control.

As we continue to evolve, we plan to roll out more Sets with complex portfolio strategies to truly level the playing field in this new open financial system.

Getting started with crypto native applications is a pain. You need to install browser extensions, write down seed phrases, select gas prices, wait for Ethereum to mine your transaction, and finally verify on Etherscan.

We’ve built TokenSets to alleviate these pains for both new and existing crypto users.

In addition to MetaMask, we support a novel phone login system via Fortmatic, an easy to use and highly secure wallet that utilizes SMS and PIN. Simply input your phone number, create a PIN, and transfer ETH from your favorite exchange (e.g. Coinbase, Bitfinex, Binance) to start purchasing Sets in just a few clicks.

Logging in with your phone number via Fortmatic

TokenSets also supports the most popular mobile wallets in the world including Coinbase Wallet, imToken and Trust Wallet to make Sets accessible from anywhere.

Start using TokenSets today!

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