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Title: [Index] First tradable cryptocurrency market Index. Post by: sasha35625 on July 21, 2015, 09:31:21 AM https://i.imgur.com/8ORLqsV.png https://i.imgur.com/Cgd5PU6.png (https://poloniex.com/exchange#btc_Index/) . https://i.imgur.com/1QxRk62.png . Official thread (https://nxtforum.org/cryptoasset-fund-projects/%28pre-ann%29-coinoIndex-com-cryptocurrencies-industial-average/) Bitcointalk thread (https://bitcointalk.org/index.php?topic=1064331.0) info@coinoindex.com Trade CoinoIndex at Poloniex.com (https://poloniex.com/exchange#btc_Index) https://i.imgur.com/o7NQGSt.png (https://twitter.com/coinoIndex) . https://i.imgur.com/JqOA6r9.png (http://coinoindex.com/faq.html) . https://i.imgur.com/GDiUrzr.png Coinoindex reflects the average price of top 20 cryptocurrencies relative to Bitcoin price. This is an analogue of Dow-Jones index applied to cryptocurrencies. . https://i.imgur.com/NqE9V4h.png . 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. . https://i.imgur.com/EESoYJP.png . Yes, you can invest in it using NXT Asset Exchange and Poloniex exchange: https://poloniex.com/exchange#btc_index . https://i.imgur.com/CRR6jAy.png 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 (http://nxtreporting.com/?as=13634675574519917918) or at SecureAE (http://secureae.com/) for BTC. . https://i.imgur.com/APHu0xu.png .
https://i.imgur.com/1cIehPw.png Litecoin Dash NXT Dogecoin Mintcoin Bytecoin BlackCoin Bitcoindark BitShares Monacoin Primecoin Namecoin Peercoin Startcoin Stellar Digitalnote Vertcoin Counterparty Monero Ripple . Coinoindex.com (http://coinoindex.com/) Title: Re: [Index] First tradable cryptocurrency market Index. Post by: rocoloko on July 21, 2015, 09:47:50 AM 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 Title: Re: [Index] First tradable cryptocurrency market Index. Post by: 2bacco on July 21, 2015, 10:06:11 AM 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 Title: Re: [Index] First tradable cryptocurrency market Index. Post by: Odd Thomas on July 21, 2015, 10:23:13 AM 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. Title: Re: [Index] First tradable cryptocurrency market Index. Post by: InceptionCoin on July 21, 2015, 10:54:07 AM 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. Title: Re: [Index] First tradable cryptocurrency market Index. Post by: sasha35625 on July 21, 2015, 02:02:34 PM Is this coin? 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. Title: Re: [Index] First tradable cryptocurrency market Index. Post by: sasha35625 on July 21, 2015, 02:05:23 PM 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 Title: Re: [Index] First tradable cryptocurrency market Index. Post by: sasha35625 on July 21, 2015, 02:15:18 PM 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: 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. Title: Re: [Index] First tradable cryptocurrency market Index. Post by: sasha35625 on July 21, 2015, 02:17:04 PM 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. Title: Re: [Index] First tradable cryptocurrency market Index. Post by: sasha35625 on August 09, 2015, 03:20:45 PM Ethereum and GameCredits are the new entries this week
Title: Re: [Index] First tradable cryptocurrency market Index. Post by: BlackPanda on August 10, 2015, 03:27:18 PM 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 Title: Re: [Index] First tradable cryptocurrency market Index. Post by: marcos19 on August 10, 2015, 08:49:36 PM 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. Title: Re: [Index] First tradable cryptocurrency market Index. Post by: fsb4000 on August 15, 2015, 10:11:01 PM 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 Title: Re: [Index] First tradable cryptocurrency market Index. Post by: fitinplace on August 19, 2015, 12:02:53 AM Will you add Triangles? triangles.technology
ty for your consideration :) Title: Re: [Index] First tradable cryptocurrency market Index. Post by: gilangIDR on August 19, 2015, 05:42:17 AM coinoindex is an investment that combines 20 coins crypto currency? I just know that if true
Title: Re: [Index] First tradable cryptocurrency market Index. Post by: sasha35625 on August 19, 2015, 06:24:22 PM Yes, exactly. This is top 20 coins combined in one.
Title: Re: [Index] First tradable cryptocurrency market Index. Post by: tyz on August 20, 2015, 03:06:29 PM 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?
Title: Re: [Index] First tradable cryptocurrency market Index. Post by: sasha35625 on August 22, 2015, 04:28:29 PM 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.Title: Re: [Index] First tradable cryptocurrency market Index. Post by: tyz on August 23, 2015, 08:21:40 AM 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 8) 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.Title: Re: [Index] First tradable cryptocurrency market Index. Post by: marcos19 on September 03, 2015, 11:12:36 AM 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 I would like to know the same. Title: Re: [Index] First tradable cryptocurrency market Index. Post by: marcos19 on September 03, 2015, 11:20:09 AM 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? Title: Re: [Index] First tradable cryptocurrency market Index. Post by: sasha35625 on September 03, 2015, 04:55:06 PM Not at all! it is totally unrelated to NXT.
Title: Re: [Index] First tradable cryptocurrency market Index. Post by: tyz on September 03, 2015, 05:19:33 PM 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.Title: Re: [Index] First tradable cryptocurrency market Index. Post by: bhokor on November 20, 2015, 11:30:21 PM Nice project, but i see too much spread between buy and sell price.... it is not good
Title: Re: [Index] First tradable cryptocurrency market Index. Post by: sasha35625 on November 21, 2015, 09:59:26 AM 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. Title: Re: [Index] First tradable cryptocurrency market Index. Post by: D-Lux on November 28, 2015, 08:14:43 PM 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.
Title: Re: [Index] First tradable cryptocurrency market Index. Post by: WorldCoiner on December 13, 2015, 09:22:39 PM 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! Title: Re: [Index] First tradable cryptocurrency market Index. Post by: bhokor on December 14, 2015, 11:28:43 AM 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 Title: Re: [Index] First tradable cryptocurrency market Index. Post by: Woody20285 on December 30, 2015, 11:17:24 PM 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.Title: Re: [Index] First tradable cryptocurrency market Index. Post by: sasha35625 on December 31, 2015, 09:53:10 AM it will become really interesting when alts are starting to come back.
Actually that might start after the new year Title: Re: [Index] First tradable cryptocurrency market Index. Post by: sasha35625 on March 15, 2016, 07:30:27 PM 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 :) 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. Title: Re: [Index] First tradable cryptocurrency market Index. Post by: no ice on March 18, 2016, 05:18:56 AM 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 :) 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? Title: Re: [Index] First tradable cryptocurrency market Index. Post by: Limx Dev on March 26, 2016, 08:13:23 PM 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! Thank you! Nice Blog. Title: Re: [Index] First tradable cryptocurrency market Index. Post by: mmortal03 on April 13, 2016, 05:58:44 PM 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. Title: Re: [Index] First tradable cryptocurrency market Index. Post by: paramind22 on September 14, 2016, 03:15:27 PM 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 :o ) Title: Re: [Index] First tradable cryptocurrency market Index. Post by: mmortal03 on September 25, 2016, 09:21:39 PM sasha35625 is Sasha Ivanov, the founder of Waves. Has anyone asked him what happened to Coinoindex?
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