# CrW™

### **CrW™ Definition** 

CrW™ (Crepe Work) is a blockchain version of Exchange Traded Fund (ETF) in the traditional financial market. Like an ETF, it is a kind of crypto product that strictly tracks the particular index. The underlying basket (a.k.a. PDF (Portfolio Deposit File)) of CrW™ is rebalanced or repositioned only as defined at its creation time. It is managed only by authorized product managers, EPM (Expert Product Managers), or WPM (Whitelist Product Managers).

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### &#x20;**CrW™ development and operation**

1. &#x20;A professional product manager selects the desired index or creates a new one in MakerSpace.

![](https://1708009066-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtT25Zs9kskGLD10VPQtk%2Fuploads%2FVdtZdbYBLBOjjNtLilUk%2F0.png?alt=media)

2. We create a product (CrW™) that tracks the index based on the index. Although it follows the same index, various types of CrW™ can be created by combining it with the product management strategy of the expert who creates it.

![](https://1708009066-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtT25Zs9kskGLD10VPQtk%2Fuploads%2Fl5jdoPj9q3XROagofktV%2F1.png?alt=media)

3. Create a token (product token) of the created CrW™ product.&#x20;
4. Register the product token in the Market.

![](https://1708009066-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtT25Zs9kskGLD10VPQtk%2Fuploads%2FutbCepe8TaThcN6J4Wm7%2F2.png?alt=media)

(1) The name of the CrW™ product (cre T10-2403) and the product manager who created the defective product (Water on the screen). 2403 after the name means that the product ends in March 2024.&#x20;

(2) Standard index (CRE T10 Index): Click to connect to Makerspace and check this index.&#x20;

(3) Display the current status of this product: Displayed as Live if currently in operation&#x20;

(4) ROR: Rate of Return&#x20;

(5) Number of product tokens (creT10-2403) currently available for purchase&#x20;

(6) Indicate when this product was created  &#x20;

(7) Users use USDT to Buy & Redeem the corresponding product token.

![](https://1708009066-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FtT25Zs9kskGLD10VPQtk%2Fuploads%2FAkpcn4ywrPIoyHXYEtPb%2F3.png?alt=media)

\* The CrW™ product currently in operation, CrW T10-2403, is a pilot product that will end at the end of March 2024, and full-scale CrW™ products will be added.