Topic: [ANN] Coinoindex.com - cryptocurrencies industial average. (Read 3208 times)

Probably not profitable, that's why. It has been 1 year since OP, which means the domain could have been purchased for 1 year only.

What happened? http://www.coinoindex.com/ is down. Project dead? Funds lost?

bump! any NXT insiders here?

I guess Poloniex removed it as of low volume and since they didnt accurately implement trading INDEX:  
if you bought 0.02 INDEX at Poloniex for example, then a theoretical fee of 0.15% was deducted despite it is not possible since the smallest unit of INDEX is 0.01 (only two decimals)   but still Poloniex will record you have "0.01997" - and at withdrawal that is rounded down to 0.01

So, Poloniex didnt do customized integration for INDEX,
(such as limiting the decimial digits for order amounts &
subtracting fee from bitcoinbalance rather than index where it isnt practically possible. )

Poloniex holds >143 INDEX  https://mynxt.info/account/12512045650769687954

EDIT:
i also PM'ed sasha35625.
 

Hi:)

How to buy or sell this NXT asset  now?

Coinmarketcap only lists https://www.mynxt.info/assets/ as an exchange,

so i deposited INDEX to their online wallet, but how to make a trade now?
While the orderbook is active, it seems like i'm not logged in to the exchange but wallet only - yet but there isnt another signup button either.

Why was it delisted ?

Clams is the new entry in top 20 crypto coins.
Index almost hit its starting value this week, good time to buy it now, the next wave of upward movement is incoming.

Website facelift, if you follow altcoins you know that it's a very volatile time, but the index still stays above 1000, so top alts still beat BTC.
The index is low, perfect time to trade now.

Sweet, just an easier way to get my hands on some CoinoIndex!

New entry this week is Mintcoin.

Index is live at Polo! https://poloniex.com/exchange#btc_index

New entry in the index this week is FairCoin. The index is around 1150 now down from 1250, I expect rapid  upwards movement next week.
A couple days till launch at centralized exchanges.

Within several days Index will be available for trading at  several centralized exchanges, against BTC

This week no change in the portfolio, despite a terrific week. All the major players performed better than newcomers Old school crypto will be rewarded for perseverance now.

1250! Alts grow like weed.
We're at coinmarketcap by the way: http://coinmarketcap.com/assets/coinoindex/

8% growth in two weeks
within a couple weeks the Index will trade at several exchanges for BTC

The index has been launched! Here we go: Coinoindex.com

About 12  hours left to buy Index asset at 1 BTC value.
This is the perfect moment to invest in alts portfolio now, if you follow alts you should understand that I'm not trying to hype it up.

Coinoindex asset is available for sale at fixed price now, the index will be reset on the first of June. The asset sell price corresponds to 1 BTC value in NXT. So if you buy it before the index launches you can see how 1 BTC investment it top 20 alts evolves over time.
NXT AE asset ID: 13634675574519917918

The Index will be officially launched at the first of June 2015. Portfolio will be updated and Index reset to 1000. Starting from the next week you'll be able to buy corresponding Index asset at AE. Its value will be tied to BTC price, and will correspond to 1 BTC. It makes sense to buy the asset before the Index launch if you want to track how one BTC investment will perform. After the Index launch the asset sell value will reflect the current Index performance.

I believe cryptocurrency industry is mature enough to have its own Dow-Jones index. Coinoindex.com will track the performance of top 20 alternative cryptocurrencies (in market capitalization) relative to Bitcoin.

- Top 20 altcoins by market capitalization are selected. Tracking assets ("pegged") such as CoinoUSD or NuBits are excluded. Also each of them has to have a trading volume over $1,000 during last 14 days.
- Each coin has an equal weight in the overall portfolio. I do not think that weighting by capitalization makes sense, since it can be easily pumped artificially (see Ripple Auroracoin and so on). Since the index is an analogue to Dow-Jones rather than S&P index.
- The price of the portfolio of 20 coins relative to BTC is calculated and updated every minute. The initial index value is set to be 1000. So the index value tracks the performance of 1000 BTC investment in a selection of 20 altcoins.
- Each week the portfolio is updated based on current market capitalizations. If a coin drops from top 20 list it is replaced by a new one which entered the list, the overall portfolio is rebalanced taking into account equal shares of each coin.

You can see current Coinoindex values and its composition at Coinoindex.com (this is preliminary set from two weeks ago, it will be updated after official launch)
 I estimate that the altcoin market will demonstrate superior performance relative to BTC price, just as S&P and Dow-Jones indexes perform better than USD on which there are based (look at Dow Jones for example http://www.macrotrends.net/1319/dow-jones-100-year-historical-chart). It works like investing in so called Index funds in traditional sense, you can invest in a mutual fund which tracks S&P performance, for example.

The Index is traded against  BTC at Poloniex.com exchange: https://poloniex.com/exchange#btc_index

Aslo the Index Asset is traded at NXT Asset Exchange (and maybe some other exchanges afterwards), the costs for running the index will be covered by the market making spread for buy-sell orders at AE. The launch is planned in about a week. Before the launch the index will be set to 1000 again.

If anything is not so clear please ask.