Topic: [Index] First tradable cryptocurrency market Index. (Read 5823 times)
It's bitcoin I suppose which is good for trading right now if you check and analyze the market index. Bitcoin is the first ever cryptocurrency to come into light.Most of the ICO projects usually implement bitcoin.For instance,one of the biggest gaming platforms called Hostgames also uses bitcoin as one of its cryptocurrencies.
sasha35625 is Sasha Ivanov, the founder of Waves. Has anyone asked him what happened to Coinoindex?
I was looking for the website and don't see it as being up. Does this mean it seems to have gone under? Not a bad idea, diversifying. That and avoiding putting all your coins in another one's basket seems the sure steady way to profit.
(wow, I wish I could put my sig here after such sagacious wisdom
)
(wow, I wish I could put my sig here after such sagacious wisdom
) In other words is the market cap of INDEX (roughly 300 btc) reflecting approximately the value of coins actually held?
Are 300 btc or so in coins being held to support the value?
The idea will be very popular once crypto becomes more mainstream but most people now in crypto prefer to make their own portfolios. For that reason it seems like right now INDEX might be somewhat undervalued, and once the next surge in crypto happens your fund will be a little overbought, overvalued.
---
Several days ago somebody bought a substantial amount of INDEX, buying it up to 9.0 I believe. Could you speculate on a reason for that?
Yep, I'd also like to know.
Have blogged today about this interesting cryptocurrency market Index (in German):
https://altcoinspekulant.wordpress.com/2015/12/13/coinoindex-der-indexfonds-etf-fuer-altcoins/
Have a good evening!
https://altcoinspekulant.wordpress.com/2015/12/13/coinoindex-der-indexfonds-etf-fuer-altcoins/
Have a good evening!
Thank you! Nice Blog.
coinmarketcap shows a little bit incorrectly the stats for NXT assets, I will try to contact them to have it fixed
The coins are at the Coinoindex.com website
10000000 total supply is just a feature of NXT assets
you issue it all at once
as for the different funds - yes, it's a viable idea
but here the idea was to do some kind of Dow-Jones
that is select top capitalization coins.
I'm sure soon we'll see more of this, mutual funds investing in crypto are on the way
The coins are at the Coinoindex.com website
10000000 total supply is just a feature of NXT assets
you issue it all at once
as for the different funds - yes, it's a viable idea
but here the idea was to do some kind of Dow-Jones
that is select top capitalization coins.
I'm sure soon we'll see more of this, mutual funds investing in crypto are on the way
Here is the basic question though.
The value of all the INDEX that exist is, very roughly, 300 btc?
What is the current value of the underlying coins held in the fund?
From the website "Current Value: 1049.61" so would the underlying coins be worth roughly 1.04961 x 300 btc?
Or 1.04961 x 338 INDEX (the supply)?
Or does 1 INDEX now have an actual value of 1.04961 btc?
In other words is the market cap of INDEX (roughly 300 btc) reflecting approximately the value of coins actually held?
Are 300 btc or so in coins being held to support the value?
The idea will be very popular once crypto becomes more mainstream but most people now in crypto prefer to make their own portfolios. For that reason it seems like right now INDEX might be somewhat undervalued, and once the next surge in crypto happens your fund will be a little overbought, overvalued.
---
Several days ago somebody bought a substantial amount of INDEX, buying it up to 9.0 I believe. Could you speculate on a reason for that?
coinmarketcap shows a little bit incorrectly the stats for NXT assets, I will try to contact them to have it fixed
The coins are at the Coinoindex.com website
10000000 total supply is just a feature of NXT assets
you issue it all at once
as for the different funds - yes, it's a viable idea
but here the idea was to do some kind of Dow-Jones
that is select top capitalization coins.
I'm sure soon we'll see more of this, mutual funds investing in crypto are on the way
The coins are at the Coinoindex.com website
10000000 total supply is just a feature of NXT assets
you issue it all at once
as for the different funds - yes, it's a viable idea
but here the idea was to do some kind of Dow-Jones
that is select top capitalization coins.
I'm sure soon we'll see more of this, mutual funds investing in crypto are on the way
A question about the mechanics of the fund.
Almost certainly this basket of coins will outperform bitcoin. But the real value of the coin must be fully reflected from actual coins held, e.g. coins that could be sold to buy back INDEX.
http://coinmarketcap.com/assets/coinoindex/ says
Available Supply Total Supply
338 INDEX 1,000,000 INDEX
Right now INDEX is at 0.85 BTC.
If available supply is 338 INDEX then can a person say that the underlying collection contains 338 x 0.85 = 287.3 btc worth of the mix? Or some reasonable percentage of that? Where are these coins?
Also Where does the 1 000 000 total supply fit in?
And how or what or where is your compensation?
As I understand it the coin comes from a respected person and scam issues are unlikely, but there should be a rough prospectus. Developing a group of funds like this with different goals (high growth fund, stable fund, long term fund etc,whatever) has great potential.
Almost certainly this basket of coins will outperform bitcoin. But the real value of the coin must be fully reflected from actual coins held, e.g. coins that could be sold to buy back INDEX.
http://coinmarketcap.com/assets/coinoindex/ says
Available Supply Total Supply
338 INDEX 1,000,000 INDEX
Right now INDEX is at 0.85 BTC.
If available supply is 338 INDEX then can a person say that the underlying collection contains 338 x 0.85 = 287.3 btc worth of the mix? Or some reasonable percentage of that? Where are these coins?
Also Where does the 1 000 000 total supply fit in?
And how or what or where is your compensation?
As I understand it the coin comes from a respected person and scam issues are unlikely, but there should be a rough prospectus. Developing a group of funds like this with different goals (high growth fund, stable fund, long term fund etc,whatever) has great potential.
it will become really interesting when alts are starting to come back.
Actually that might start after the new year
Actually that might start after the new year
Can you say something about why each currency is equally weighted? I would personally (fwiw) be much more interested in buying an index that is weighted according to relative market cap.
I agree purchase by market cap would give better balance to portfolio. Also re- balancing periodically would make sense as well.
nice and interesting project, probably now is a good moment to buy, but Dev, the spread is huge,
best buy order: 0.3632
best sell order: 0.39465
more than 30k satos of spread, i will wait, but will be watching closely
best buy order: 0.3632
best sell order: 0.39465
more than 30k satos of spread, i will wait, but will be watching closely
Have blogged today about this interesting cryptocurrency market Index (in German):
https://altcoinspekulant.wordpress.com/2015/12/13/coinoindex-der-indexfonds-etf-fuer-altcoins/
Have a good evening!
https://altcoinspekulant.wordpress.com/2015/12/13/coinoindex-der-indexfonds-etf-fuer-altcoins/
Have a good evening!
Can you say something about why each currency is equally weighted? I would personally (fwiw) be much more interested in buying an index that is weighted according to relative market cap.
Is there a list of addresses where investors can check that there are enough coins hold lying under the ETF?
Currently no, since the balances are held at exchanges.Okay, three questions: Does it mean that it is like an ETF (exchange traded fund)? If so, are the coins of the index replicated only or do you really own the coins? Last but not least, are the coin weighted equally?
yes, this is ETF for cryptocurrencies, exactly. So the index is backed by real coins, which enter the index equally at the index launch, each one had 5% share. Then their price fluctuates, so a coin can have weigh more or less than average. Also if a coin drops from top 20 it is sold and a new coin is bought.There will be soon, though.
Nice project, but i see too much spread between buy and sell price.... it is not good
Is there a list of addresses where investors can check that there are enough coins hold lying under the ETF?
Okay, three questions: Does it mean that it is like an ETF (exchange traded fund)? If so, are the coins of the index replicated only or do you really own the coins? Last but not least, are the coin weighted equally?
yes, this is ETF for cryptocurrencies, exactly. So the index is backed by real coins, which enter the index equally at the index launch, each one had 5% share. Then their price fluctuates, so a coin can have weigh more or less than average. Also if a coin drops from top 20 it is sold and a new coin is bought.
Not at all! it is totally unrelated to NXT.
Am I correct to state that the underlying value of all the assets are valued in NXT?
And that the price in BTC is completely dependent of the value of NXT in that period of time?
And that the price in BTC is completely dependent of the value of NXT in that period of time?
Why such a big difference between the real price and the indicated on the site?
0.45BTC and 1.099BTC?
https://i.imgur.com/amdoXI8.png
0.45BTC and 1.099BTC?
https://i.imgur.com/amdoXI8.png
I would like to know the same.
Sounds great! i had the same idea some time ago.
i would weight the coins based on their volatility. Coins with less volatility should be weighted more. That would be the ETF more stability in a instability cryptocurrency world
i would weight the coins based on their volatility. Coins with less volatility should be weighted more. That would be the ETF more stability in a instability cryptocurrency world
Okay, three questions: Does it mean that it is like an ETF (exchange traded fund)? If so, are the coins of the index replicated only or do you really own the coins? Last but not least, are the coin weighted equally?
yes, this is ETF for cryptocurrencies, exactly. So the index is backed by real coins, which enter the index equally at the index launch, each one had 5% share. Then their price fluctuates, so a coin can have weigh more or less than average. Also if a coin drops from top 20 it is sold and a new coin is bought.Okay, three questions: Does it mean that it is like an ETF (exchange traded fund)? If so, are the coins of the index replicated only or do you really own the coins? Last but not least, are the coin weighted equally?
yes, this is ETF for cryptocurrencies, exactly. So the index is backed by real coins, which enter the index equally at the index launch, each one had 5% share. Then their price fluctuates, so a coin can have weigh more or less than average. Also if a coin drops from top 20 it is sold and a new coin is bought.
Okay, three questions: Does it mean that it is like an ETF (exchange traded fund)? If so, are the coins of the index replicated only or do you really own the coins? Last but not least, are the coin weighted equally?
Yes, exactly. This is top 20 coins combined in one.
coinoindex is an investment that combines 20 coins crypto currency? I just know that if true
Will you add Triangles? triangles.technology
ty for your consideration
ty for your consideration
Why such a big difference between the real price and the indicated on the site?
0.45BTC and 1.099BTC?
0.45BTC and 1.099BTC?
Ethereum and GameCredits are the new entries this week
I would like to know more details about the price levels of each and every buy.
Furthermore some details when exactly the top 20 is refreshed.
Basically I want every transaction transparent and open to the public.
do you have YOVI coin ?
I have pretty much Yovi coin, but it is very difficult to find a buyer in exchange only .. very unlucky
I have pretty much Yovi coin, but it is very difficult to find a buyer in exchange only .. very unlucky
Ethereum and GameCredits are the new entries this week
It is chosen according to current trading volumes and coinmarketcap, the idea is to make the choice completely transparent
The Current Composition, has 7 coins in it, repeated:
Was an error in the OP. There are 20 coins listed here http://coinoindex.com/
Litecoin
Dash
NXT
Dogecoin
Mintcoin
Bytecoin
BlackCoin
Bitcoindark
BitShares
Monacoin
Primecoin
Namecoin
Peercoin
Startcoin
Stellar
Digitalnote
Vertcoin
Counterparty
Monero
Ripple
Good choices and this is a long overdue thing.
The Current Composition, has 7 coins in it, repeated:
Was an error in the OP. There are 20 coins listed here http://coinoindex.com/
Litecoin
Dash
NXT
Dogecoin
Mintcoin
Bytecoin
BlackCoin
Bitcoindark
BitShares
Monacoin
Primecoin
Namecoin
Peercoin
Startcoin
Stellar
Digitalnote
Vertcoin
Counterparty
Monero
Ripple
Good choices and this is a long overdue thing.
So, CoinoIndex is coin-backed meta-asset: each Index is actually X Litecoin, Y Dash, Z NXT and so on. It's good idea, but we need guarantees:
1) please provide asset page where i can find number of tokens already in circulation
2) please provide more info on index, make it transparent how much Litecoin, Dash, NXT ... contained in one INDEX
3) please provide proofs from poloniex that they have this coins controlled. 2-of-2 multysig (one from you and one from poloniex) with statement from poloniex that they controll second privkey will be best.
4) Who control the NXT asset? We need guarantees that you cant just create zillion asset tokens without backed funds and dump it to the market.
Please check coinmarketcap listing: http://coinmarketcap.com/assets/coinoindex/1) please provide asset page where i can find number of tokens already in circulation
2) please provide more info on index, make it transparent how much Litecoin, Dash, NXT ... contained in one INDEX
3) please provide proofs from poloniex that they have this coins controlled. 2-of-2 multysig (one from you and one from poloniex) with statement from poloniex that they controll second privkey will be best.
4) Who control the NXT asset? We need guarantees that you cant just create zillion asset tokens without backed funds and dump it to the market.
Coins are held in equal proportions now. As for the proof of reserve - currently Poloniex is working on public API call which will provide the coin balances in our account. Eventually we will move to a transparent cryptographic proof of reserve.
Most of the issue is escrowed. All asset moves are transparent, so investors can control the total outstanding asset amount.
The Current Composition, has 7 coins in it, repeated:
1- Litecoin
2- Dash
3- NXT
4- Dogecoin
5- Mintcoin
6- Bytecoin
7- BlackCoin
(and those 7 then repeat twice below? but the start of your post says there will be 20 coins?)
Litecoin
Dash
NXT
Dogecoin
Mintcoin
Bytecoin
BlackCoin
Litecoin
Dash
NXT
Dogecoin
Mintcoin
Bytecoin
BlackCoin
Is this coin?
If not, How can i hold my investment safely? (hope not just on Poloniex)
What is the distribution model? (who owns all shares now?)
btw interesting concept
It is an asset, that is a blockchain token. You can hold it 100% secure by storing it in your NXT client (provided you take good care of your password of course)If not, How can i hold my investment safely? (hope not just on Poloniex)
What is the distribution model? (who owns all shares now?)
btw interesting concept
Most of the shares are in escrow provided by Poloniex staff.
So, CoinoIndex is coin-backed meta-asset: each Index is actually X Litecoin, Y Dash, Z NXT and so on. It's good idea, but we need guarantees:
1) please provide asset page where i can find number of tokens already in circulation
2) please provide more info on index, make it transparent how much Litecoin, Dash, NXT ... contained in one INDEX
3) please provide proofs from poloniex that they have this coins controlled. 2-of-2 multysig (one from you and one from poloniex) with statement from poloniex that they controll second privkey will be best.
4) Who control the NXT asset? We need guarantees that you cant just create zillion asset tokens without backed funds and dump it to the market.
1) please provide asset page where i can find number of tokens already in circulation
2) please provide more info on index, make it transparent how much Litecoin, Dash, NXT ... contained in one INDEX
3) please provide proofs from poloniex that they have this coins controlled. 2-of-2 multysig (one from you and one from poloniex) with statement from poloniex that they controll second privkey will be best.
4) Who control the NXT asset? We need guarantees that you cant just create zillion asset tokens without backed funds and dump it to the market.
The Current Composition, has 7 coins in it, repeated:
Was an error in the OP. There are 20 coins listed here http://coinoindex.com/
Litecoin
Dash
NXT
Dogecoin
Mintcoin
Bytecoin
BlackCoin
Bitcoindark
BitShares
Monacoin
Primecoin
Namecoin
Peercoin
Startcoin
Stellar
Digitalnote
Vertcoin
Counterparty
Monero
Ripple
Good choices and this is a long overdue thing.
The Current Composition, has 7 coins in it, repeated:
1- Litecoin
2- Dash
3- NXT
4- Dogecoin
5- Mintcoin
6- Bytecoin
7- BlackCoin
(and those 7 then repeat twice below? but the start of your post says there will be 20 coins?)
Litecoin
Dash
NXT
Dogecoin
Mintcoin
Bytecoin
BlackCoin
Litecoin
Dash
NXT
Dogecoin
Mintcoin
Bytecoin
BlackCoin
Is this coin?
If not, How can i hold my investment safely? (hope not just on Poloniex)
What is the distribution model? (who owns all shares now?)
btw interesting concept
If not, How can i hold my investment safely? (hope not just on Poloniex)
What is the distribution model? (who owns all shares now?)
btw interesting concept
.
.
Coinoindex reflects the average price of top 20 cryptocurrencies relative to Bitcoin price. This is an analogue of Dow-Jones index applied to cryptocurrencies.
.
.
Coinoindex is the "average temperature" of alternative cryptocurrency market. It seems very probable that altcoins will take more market share from Bitcoin in near future, so the Index value should grow.
.
.
Yes, you can invest in it using NXT Asset Exchange and Poloniex exchange: https://poloniex.com/exchange#btc_index
.
Altcoins markets are very volatile, you can win a lot by picking the right coin but you can lose a lot too. Coinoindex project enables you to diversify your investment, and have a return which is comparable to return you get investing in successful stocks. You don't invest in a certain coin when you trade Index, you invest in altcoin marketitself.
You can invest in the Index the same way you can invest in a mutual Index fund. Besides Poloniex exchange you can do it at Distributed Distributed NXT Asset Exchange or at SecureAE for BTC.
.
.
- Top twenty largest by capitalization alternative cryptocurrencies are selected. The trading volume for each one of them should exceed $1,000 each day during the last 14 days. The coin should be traded at at least three exchanges. Also "pegged" cryptocurrencies (which track the value of USD or CNY) are not taken into account. Index value tracks the change in price of the portfolio composed of the selected cryptocurrencies. Each currency has the same weight in the overall portfolio.
- Pump-and-Dump rule: Coins which enter the top 20 with 300% and more price growth during two previous weeks are included in the Index. But a stop-loss order is set at the enry price in order to limit the downside price movement risk.
- The initial Index value is 1000. Current Index value is re-calculated every minute using cryptocurrencies price updates.
- The portfolio is updated once a week, based on the current market capitalization.
- Related NXT asset is fully backed by portfolio cryptocurrencies. Escrow is provided by Poloniex.com staff.
Litecoin
Dash
NXT
Dogecoin
Mintcoin
Bytecoin
BlackCoin
Bitcoindark
BitShares
Monacoin
Primecoin
Namecoin
Peercoin
Startcoin
Stellar
Digitalnote
Vertcoin
Counterparty
Monero
Ripple
.
Jump to: