T&C Alt 20 Index
The T&C Alt 20 is a digital currency index and blog that tracks growth in the alternative currency market, aka altcoins, using similar methodology as the S&P 500
Ⓡ. In the near future, we expect to partner with other digital currency funds in the release of a T&C 20 altcoin that will be correlated with the T&C Alt 20 Index. This T&C 20 Index coin will then be purchased and traded as an investment in the overall altcoin sector, similar to buying shares in an S&P 500
Ⓡ index fund.
At the time of this announcement on January 2nd, 2017, the T&C 20 Index is at 190.89, up 91% from its creation on April 3rd, 2016, with an initial value of 100.00. For updated charts of the index, please visit
www.altindex.io.
Methodology
The T&C 20 Index is based on market capitalization, and is calculated using the same methodology as the S&P 500
Ⓡ. The altcoins included in the T&C 20 were chosen to track value of the overall altcoin sector. The selected altcoins are leading development and/or application in data storage, anonymity, social media platform, and token economy. Altcoins currently included in the T&C 20 Index are Monero, Dash, Steem, MaidSafeCoin, NEM, Waves, DigixDAO, Factom, Stellar Lumens, Lisk, Bitshares, Emercoin, Storjcoin X, NXT, Counterparty, SiaCoin, Synereo.
Weekly, the T&C 20 team meets and reviews the top 50 altcoins according to coinmarketcap.com for possible inclusion in the index. Alternatively, any altcoins in the T&C 20 that fail to meet the minimum criteria below for an extended period of time are removed from the index.
- Market capitalization over $1,000,000
- In existence and publicly traded for over 3 consecutive months
- Daily trading volumes over $5,000 on most days
- Viable currency with active development and/or token utilization
Any changes to the index are announced 1 week in advance on the homepage of
www.altindex.io. The last alteration to the index was made on July 3rd, 2016 with the addition of Waves. Of note, Bitcoin and Ethereum are not included in the T&C 20, as they are large currencies which are not reflective of the altcoin sector.
Calculation is in real time with the index updated every 5 minutes with market data obtained by accessing the coinmarketcap.com API. Calculation currency is USD.
About Us
The T&C 20 team consists of four professionals with backgrounds in finance, trading, computer science, engineering and medicine. Our creation of T&C 20 is to provide both an updated index that tracks value in the altcoin sector, as well as provide updated analysis, research and news on cryptocurrency developments from an investor’s view.
While trading our personal portfolios, we often found it difficult to determine if the altcoin sector was functioning as a zero-sum game or if “new money” (i.e. fiat, bitcoin, ethereum) was entering. We discovered that this knowledge is critical in making trading decisions. The T&C 20 Index provides this information. Since its inception in early 2016, I have used the T&C 20 Index as an analytic tool in my personal fund, the “Icarus Fund”, and have successfully traded with increasingly greater profits. It is our hope that you may find it as useful as we did.