Adding to the list of renowned names in the advisory board of 108 Token, Bancor’s Eyal Hertzog has joined as an advisor. 108 Token is a crypto index project of ZPX, which is an investor and builder of next-generation assets in the blockchain space based out of Singapore. The announcement has been welcomed by the board of advisors in 108 Token which includes names like HongZhuang Lim, CEO of ZSQ, and Balaji K Srinivasan, Silicon Valley crypto veteran and co-founder of Counsyl.
Currently, Eyal is a venture-backed technology entrepreneur, who is also the co-founder of Bancor which is a smart protocol for the creation of Smart Tokens – a brand new standard for cryptocurrencies which is convertible directly through smart contracts. His skills come with more than two decades of experience, starting from 1998. His claim to fame was from being the co-founder of Metacafe, which is one of the fastest growing video sharing site in Israel. During its peak time, it had reached more than 50 million unique users.
As the new board advisor he is expected to share expertise about the blockchain and digital currency ecosystem that can help 108 Token give its investors the right kind of exposure to a variety of crypto assets with minimal risks.
This is what Eyal had to say about his latest venture, “I’m thrilled to be joining the 108 Token team in its quest to simply the buying, storing, and selling of crypto assets. At Bancor, we understand the value of simplifying crypto transactions while still ensuring security. My hope is that I can leverage my experience with Bancor to help make 108 Token a success,”
Eyal’s joining as an advisor to 108 Token comes at a good time as they are currently experimenting with emerging tech trends to facilitate the blockchain ecosystem. Eya’s expertise and clear guidance will set the track right for 108 Token as they go deeper into the blockchain and digital currency ecosystem. He has years of experience in this and will be helpful to give the investors the right exposure in crypto with minimum risks.
108 Token is a dynamic crypto product which tracks the performance of the top 15 cryptocurrencies. The 108 Token is an ERC-20 token that will eventually be traded on centralized and decentralized exchange platforms. The basket ensures that your funds are not subject to fluctuations in one single currency. It will give the users transparent 24×7 tracking and liquidity.
Aditya Mishra who is the co-founder and COO of ZPX believes that Eyal’s joining as an advisor will help in successful rollout of their expertise. “Eyal is a highly motivated individual and a visionary technopreneur. We are delighted to have him on board as he has proved time and again a keen sense of identifying emerging tech trends and executing his plans with full focus and diligence,” said Aditya.
The fact that 108 Token is decentralised in nature could help tackle custodial risks. This will facilitate users to have control over individual funds and data. This will be supported and managed by ZPX’s dedicated cryptocurrency research and analytics division. They consist of tech veterans and experts in venture capital, risk management, banking and product management.
In the latest news, ZPX has raised US$ 1.3 million in a round of seed funding to facilitate the launch of 108 Token and its elementary blockchain products. The funding was led by SeedPlus, a Singapore-based seed-stage venture capital firm which typically invests in early-stage companies on market terms. Other investors who participated in the round include Gokul Rajaram and Milliways Ventures from San Francisco, as well as Girish Mathrubootham, Anand Lunia and Nithin Kamath of India-based financial services firm Zerodha.
ZPX is a Singapore-headquartered investor and builder of next-generation assets in the blockchain space. Previous investors include Gokul Rajaram & Milliways Ventures from San Francisco in addition to Girish Mathrubootham, Anand Lunia & Nithin Kamath of Zerodha. The Company is currently working on a number of token products & the building of a decentralized exchange. ZPX is in the process of launching 108 Token, an ERC20 token built on top of Ethereum, that will dynamically re-adjust every month to the top 15 Crypto token assets based on their proprietary indexing methodology. The firm’s tech platform initiatives are supported by a dedicated crypto research and analytics division.
Source: 108 Token