One of the greatest trading asset investors have been using in the past decades are indexes. In finance an index is an indicator or statistical measure of change in a securities market. Stock and bond market indices consist of a hypothetical portfolio of securities representing a particular market or a segment of it.
The Standard & Poor's 500 (S&P500), for example, is an American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE.
Another example is The Nasdaq 100 Composite Index (QQQ) which allows investors to essentially invest in all of the stocks that make up the Nasdaq 100 in a single security.
Such stock market indices, are the most commonly followed equity indices, and many consider it as one of the best representations of the U.S. stock market, and a bellwether for the U.S. economy.
The first idea was to create a financial index with a selection of trading assets that gives investors an indication of the whole Altcoins market sentiment and direction. The majority of the cryptocurrencies traders have noticed that every increase of the Bitcoin price coincides simultaneously with a decrease of the largest Altcoins and viceversa.
That's why we decided to improve the algorithms with the scenario that we buy or sell Bitcoins or Altcoins depending on eachother price movements. After we achieved that we discovered the enormous potential that those algorithms may have not only in the financial market but also in the real world and in the daily life.
Thanks to the initial financial support of the dutch government and the funds raised with this ICO we have the opportunity to develop further the TTT technology for commercial use in the middle and big industry.
We see the near future with 1 Bitcoin and tons of alternative cryptocurrencies. That will surely satisfy our needs of decentralized financial environment but in the long end it won't be sustainable. We don't see in the long term how could people keep all those digital currencies or even use them daily. Right now as we speak many new altcoins are made and most of them with the same purpose. Obviously only a few will achieve their expectations and many will fail. The main question is would we need more then 1 cryptocurrency? The future will tell us. Bitcoin since his introduction in 2009 and afterthat has failed to give innovation and stands with a lack of credibility. Too often is Bitcoin by definition associated with criminal activities or used by untrustfull people. For that manner some of the best Altcoins are seen in a much better picture and have a better imago than Bitcoin. However no one really believes that one day will any Altcoin overtake Bitcoin for popularity. What we think it would be needed to make the system more trustfull and sustainable in the near future is one currency that unifies the value of all the biggest cryptocurrencies available and spreads financial risks among them.