Nxt Forum

Nxt Discussion => -Old and Inactive Projects- => Nxt Projects => Crypto25 Index => Topic started by: Bitfinex_USD on November 16, 2014, 11:17:33 pm

Title: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Bitfinex_USD on November 16, 2014, 11:17:33 pm
Hello!

I am proud to announce Crypto25, the first professional altcoin Index!

Preview: http://jnxt.org/crypto25/
(Kudos to jones for creating this awesome site!)

(http://i.imgur.com/jzNDNdc.png)

FAQ:

What is Crypto25?

Crypto25 is an index, that tracks performance of the 25 altcoins with the highest market cap compared to bitcoin. So the index will go up, if the 25 altcoins will perform better than Bitcoins and will go down, if they perform worse.

Why do we need such an index?

Indices are very popular in the world of finance and it is sad to see, that there is no such project in the altcoin world. There are several advantages that come with indices: You can check one chart to see how most of the altcoin market is doing. Also having an index makes it very easy to create products that track the performance, for example an ETF, Futures or options. Another cool thing is, that you can check of your portfolio outperformed the index in the mid to longterm!

Who decides what the index weights are?

This index follows very strict rules, so that everyone can double check how the weights were calculated. Also I will post the caclulations for the index every time they change. The rules for the coinselection and the index weights can be found here: https://nxtforum.org/index.php?topic=6613.0. There I will also post updated on the index weights weekly.

How can I invest to get the same performance as the index?

You will have to invest into the same coins as the index weights and update your portfolio once a week, when the index weights change. In a few weeks, we will launch an ETF, that will do those investments for you.

Feel free to ask anything you like!
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: gbcholgi on November 17, 2014, 12:28:00 pm
great thank you for the work!
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Bitfinex_USD on November 17, 2014, 09:03:39 pm
great thank you for the work!

I am really excited for this project, lets hope this turns out quite successfully!
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Bitfinex_USD on November 18, 2014, 04:31:25 pm
Update: There is currently a problem with the API(?) and the chart is messed up. Will be fixed soon.
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Bitfinex_USD on November 19, 2014, 12:16:23 am
Update: There is currently a problem with the API(?) and the chart is messed up. Will be fixed soon.

The problem is now fixed. Chart restarted at same composition.
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Bitfinex_USD on November 20, 2014, 10:57:09 pm
The index outperformed Bitcoin a total of 4%.

(http://i.imgur.com/WXIqMOv.png)
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Bitfinex_USD on November 21, 2014, 04:25:30 am
The index is now 6% over BTC performance.

http://jnxt.org/crypto25/
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: jabo38 on November 21, 2014, 02:36:09 pm
I am interested in the ETF
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: sirultimate on November 21, 2014, 05:57:34 pm
How can i buy it? The button "Invest now" on the website (im not allowed to post the link) doenst work (on my computer?). Could you trade it as a a type of ETF on the nxt asset exchange?
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Bitfinex_USD on November 23, 2014, 12:56:36 am
How can i buy it? The button "Invest now" on the website (im not allowed to post the link) doenst work (on my computer?). Could you trade it as a a type of ETF on the nxt asset exchange?

You will be able to buy the index composition in the future in the form of an ETF. Right now we are looking if everything works flawless for atleast a few weeks!
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Bitfinex_USD on November 23, 2014, 12:56:43 am
This is getting really scary now:

11% up vs Bitcoin this week alone.

(http://i.imgur.com/izt6f1D.png)

http://jnxt.org/crypto25
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: humbot on November 23, 2014, 02:28:00 am
This is getting really scary now:

11% up vs Bitcoin this week alone.


I assume this is mostly due to XRP? Is it possible to display relative contributions to price increase/decrease on the website?

Not sure what is driving XRP price increase - maybe the recent large and increasing JPY inflows http://www.ripplecharts.com/ or insider information.
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Bitfinex_USD on November 23, 2014, 02:31:46 am
This is getting really scary now:

11% up vs Bitcoin this week alone.


I assume this is mostly due to XRP? Is it possible to display relative contributions to price increase/decrease on the website?

Not sure what is driving XRP price increase - maybe the recent large and increasing JPY inflows http://www.ripplecharts.com/ or insider information.

Hey,

I have to figure out a way to do this.

According to my calculations XRP contributed "only" 4% to this rise.
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Nexxie on November 23, 2014, 06:28:35 am
How to invest?
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: coinomat on November 23, 2014, 08:15:27 am
You beat me to it, I started coding a similar index last week. Best of luck, we definitely need lots of various performance indexes.
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: kseistrup on November 23, 2014, 11:10:14 am

Preview: http://jnxt.org/crypto25/


Looks great, thanks for the work you've put into this.

One suggestion: the “#”, “Market Cap (BTC)” and “Available Supply” columns would be more legible and look much better if the figures were right adjusted.
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Bitfinex_USD on November 24, 2014, 12:12:58 am

Preview: http://jnxt.org/crypto25/


Looks great, thanks for the work you've put into this.

One suggestion: the “#”, “Market Cap (BTC)” and “Available Supply” columns would be more legible and look much better if the figures were right adjusted.


Thank you for the suggestions.

How to invest?

Right now you have to copy the index composition on the day that I publish it (mostly on sundays). In the future there will be an electronic traded fund (ETF) trading on the NXT AE and possbily other decentralised market places.
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Bitfinex_USD on November 26, 2014, 05:48:59 am
We are now at 13.5 % outperformance compared to BTC. This is incredible!

(http://i.imgur.com/gB353z8.png)
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Bitfinex_USD on November 27, 2014, 02:07:59 am
Check out the fancy new chart tool on the webpage!

(http://i.imgur.com/dbnTyp4.png)

http://jnxt.org/crypto25/
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Bitfinex_USD on December 01, 2014, 05:38:18 am
Index was successfully updated.

Also starting from next Week, I will also post the real portfolio gains corresponding to the underlying assets, because I started the ETF.

http://jnxt.org/crypto25/
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Nxter on December 07, 2014, 03:43:09 am
Will you launch an asset to invest in this index??
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Bitfinex_USD on December 07, 2014, 04:38:19 pm
Will you launch an asset to invest in this index??

Yes, but not in 2014, early 2015 I will try to launch a bigger ETF based on this index :)
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Bitfinex_USD on December 07, 2014, 05:53:56 pm
Pretty unexpected result.

(http://i.imgur.com/TZ0Nx5U.png?1)
Source: http://jnxt.org/crypto25/

Looks like very constant outperformance. Lets see when this stops!
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: marek3ball on December 07, 2014, 06:19:43 pm
Maybe I'm the only one but how should I read this graph?
All crypto of your portfolio are going up?
What is on Y axis?
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Bitfinex_USD on December 08, 2014, 01:20:59 am
Maybe I'm the only one but how should I read this graph?
All crypto of your portfolio are going up?
What is on Y axis?

This graph is representing the crypto25 index. This index started at 10000 points and is competing against BTC. If BTC moves up 10% and cryptos move up 10% the index will not move, so this graph shows the relative outperformance. Currently the graph is showing (12800/12000-1)=0.28=28% outperformance since inception.

Y axis = index points
X axis = timeline
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: marek3ball on December 08, 2014, 01:32:26 pm
Thank you, so we are expecting bitcoin will go up or altcoins down or it is new trend when the best altcoin are slowly going after BTC?
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Bitfinex_USD on December 08, 2014, 01:35:19 pm
I made a poll about this exact question on BTT:

https://bitcointalk.org/index.php?topic=860533
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: bob_ggg on January 09, 2015, 11:55:37 am
I am interested in this product.
I wonder if you have considered the inclusion of some sort of relative strength factor to exclude falling knives.
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: capodieci on March 07, 2015, 07:47:14 am
What did happen Feb 23rd to the graph?
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: cylonmaker2053 on June 03, 2015, 07:03:31 pm
Love the idea of this index, but how are you constructing it logistically? Are you putting these assets into an escrow or trust account and trading them periodically to rebalance the weights? Are you going to be paying out dividends to keep the fund size at some fixed level, or will this be a floating size fund where profits come from capital gains trading in/out?
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: Nxter on June 03, 2015, 09:16:02 pm
Look for "index" asset in ae
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: cylonmaker2053 on June 03, 2015, 10:10:34 pm
Look for "index" asset in ae

my client isn't pulling up anything for 'index' ...what's the asset ID?
Title: Re: [ANN] CRYPTO25: The First Professional Altcoin Index
Post by: cylonmaker2053 on June 03, 2015, 10:46:55 pm
Look for "index" asset in ae


actually just got it, thx!
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