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!)
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!
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Topic: [ANN] CRYPTO25: The First Professional Altcoin Index (Read 11150 times)