elective-stereophonic
elective-stereophonic
[ANN] CRYPTO25: The First Professional Altcoin Index singapore
Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Stable Nxt Client: Nxt 1.12.2

Pages: [1] 2  All

Author Topic: [ANN] CRYPTO25: The First Professional Altcoin Index  (Read 11152 times)

Bitfinex_USD

  • Board Moderator
  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
[ANN] CRYPTO25: The First Professional Altcoin Index
« 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!)



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!
« Last Edit: November 16, 2014, 11:46:08 pm by Bitfinex_USD »
Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

gbcholgi

  • Jr. Member
  • **
  • Karma: +4/-0
  • Offline Offline
  • Posts: 42
    • View Profile
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #1 on: November 17, 2014, 12:28:00 pm »

great thank you for the work!
Logged

Bitfinex_USD

  • Board Moderator
  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #2 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!
Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

Bitfinex_USD

  • Board Moderator
  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #3 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.
Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

Bitfinex_USD

  • Board Moderator
  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #4 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.
Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

Bitfinex_USD

  • Board Moderator
  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #5 on: November 20, 2014, 10:57:09 pm »

The index outperformed Bitcoin a total of 4%.

Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

Bitfinex_USD

  • Board Moderator
  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #6 on: November 21, 2014, 04:25:30 am »

The index is now 6% over BTC performance.

http://jnxt.org/crypto25/
Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

jabo38

  • Sr. Member
  • ****
  • Karma: +40/-38
  • Offline Offline
  • Posts: 381
    • View Profile
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #7 on: November 21, 2014, 02:36:09 pm »

I am interested in the ETF
Logged
Never Enough Money

sirultimate

  • Newbie
  • *
  • Karma: +0/-0
  • Offline Offline
  • Posts: 7
    • View Profile
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #8 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?
Logged

Bitfinex_USD

  • Board Moderator
  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #9 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!
Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

Bitfinex_USD

  • Board Moderator
  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #10 on: November 23, 2014, 12:56:43 am »

This is getting really scary now:

11% up vs Bitcoin this week alone.



http://jnxt.org/crypto25
Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

humbot

  • Jr. Member
  • **
  • Karma: +2/-0
  • Offline Offline
  • Posts: 34
    • View Profile
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #11 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.
Logged

Bitfinex_USD

  • Board Moderator
  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #12 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.
Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

Nexxie

  • Full Member
  • ***
  • Karma: +6/-2
  • Offline Offline
  • Posts: 124
    • View Profile
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #13 on: November 23, 2014, 06:28:35 am »

How to invest?
Logged

coinomat

  • Hero Member
  • *****
  • Karma: +214/-18
  • Offline Offline
  • Posts: 1520
    • View Profile
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #14 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.
Logged
Time to go further

kseistrup

  • Sr. Member
  • ****
  • Karma: +48/-0
  • Offline Offline
  • Posts: 465
  • Fortune favours the lucky
    • View Profile
    • @kseistrup
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #15 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.

Bitfinex_USD

  • Board Moderator
  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #16 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.
Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

Bitfinex_USD

  • Board Moderator
  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #17 on: November 26, 2014, 05:48:59 am »

We are now at 13.5 % outperformance compared to BTC. This is incredible!

Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

Bitfinex_USD

  • Board Moderator
  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #18 on: November 27, 2014, 02:07:59 am »

Check out the fancy new chart tool on the webpage!



http://jnxt.org/crypto25/
Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website

Bitfinex_USD

  • Board Moderator
  • Sr. Member
  • ****
  • Karma: +40/-3
  • Offline Offline
  • Posts: 316
  • (Not affiliated with Bitfinex)
    • View Profile
Re: [ANN] CRYPTO25: The First Professional Altcoin Index
« Reply #19 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/
Logged
Dividend paying USD asset: Thread
Crypto25: The First Professional Altcoin Index Website
Pages: [1] 2  All
 

elective-stereophonic
elective-stereophonic
assembly
assembly