https://www.getbskt.com/ethereum-10

I haven't seen anyone mention BSKT, but this seems like an amazing development. We've seen a lot of index type products coming out recently which give you exposure to a broad range of cryptos - from Iconomi to Shapeshift's Prism to Coinbase's index fund. These products are geared towards less sophisticated investors who don't want to try to pick a " winner", but just want a broad range of exposure to the asset class. All of them however are very highly reliant on a trusted third party and typically have high fees associated with them.

Bskt allows you do this same kind of thing, but in a smart contract on the blockchain, without having to ask anyone's permission. And that basket is now an ERC 20 token that can be easily traded and managed without relying on third parties. This seems like a big deal to me. This will be something that would attract the masses. No normal person wants to track hundreds of blockchain startup companies. But a lot of investors would eagerly jump at the prospect of an Ethereum500 type index similar to the S&P500 Indexes that have taken over the equity world.

The network effects something like this could generate would be massive. Like how almost every company in the world wants their stock to be included in the S&P500, almost every project with a token would want to be included in these indexes.

Here is the breakdown of how this works:

Bskt is a generic smart contract that creates decentralized token portfolios. Bskt facilitates the bundling and unbundling of a collection of Ethereum tokens in the form of an ERC20 token. Owners of the token have a direct claim on the underlying tokens.

These new tokens can be created by anyone who surrenders the underlying tokens and redeemed by anyone who owns issued tokens. Bskt allows investors to diversify their exposure to tokens in the Ethereum ecosystem cheaply, without adding custody risk.