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Alternate cryptocurrencies => Service Announcements (Altcoins) => Topic started by: TC Alt 20 on January 02, 2017, 07:29:44 PM



Title: T&C 20 Index: The new standard for tracking value in the altcoin sector.
Post by: TC Alt 20 on January 02, 2017, 07:29:44 PM
T&C Alt 20 Index
www.altindex.io (http://www.altindex.io)

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 (http://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.



Title: Re: T&C 20 Index: The new standard for tracking value in the altcoin sector.
Post by: stereotype on January 02, 2017, 09:53:38 PM
Interesting to see the basket of alts showing $ gains, when on the other hand, many portfolios feel battered by Bitcoin, the last few months. Makes you wonder how we actually price these alts, really.  :-\

The site is good on the eye, BTW. Will have a closer look, later.


Title: Re: T&C 20 Index: The new standard for tracking value in the altcoin sector.
Post by: imjustsayintho on January 03, 2017, 01:40:47 AM
This just iconomi for alts?


Title: Re: T&C 20 Index: The new standard for tracking value in the altcoin sector.
Post by: CjMapope on January 03, 2017, 02:27:22 AM
hmm, sounds interesting, the altcoin scene has picked up some serious steam so why not do something S&P 500 style for it? sounds cool man :)
btw tho, as no actual ANN of an altcoin has been offered here, this thread is probably best suited for "Altcoin SERVICE ANNouncments" section :)
https://bitcointalk.org/index.php?board=197.0

Best of luck, will be watching for sure! :)


Title: Re: T&C 20 Index: The new standard for tracking value in the altcoin sector.
Post by: imjustsayintho on January 03, 2017, 11:54:32 PM
I use the T&C 20 Index to make trade decisions as with a quick glance I am able to see how the altcoins are performing based on the value of the T&C 20 Index. It also allows me to see which altcoins are underperforming compared to the overall altcoin market. The ICONOMI index is an innovative and strong platform, but misses the fundamental concept that they have two types of assets within their fund that often trade opposite to one another (bitcoin vs altcoins). Furthermore, similar to the S&P 500, the T&C Alt 20 Index has coins that are chosen with the expectation of being included in the index for an extended period of time. That is, altcoins are added or removed very rarely from the index (no altcoin has been removed to date, and the last altcoin added was over 5 months ago). ICONOMI, on the other hand, adds or removes coins often on a monthly basis. I think a useful index must have a stable selection of coins to accurately track growth in the altcoin market.

I got into alts during june 2016 and like you stated in your blog, I lost nearly half of my total investments across 12 alt coins. 

What tools, books, sites do you recommend for any new long-term trader?  Especially one with no experience trading/investing in stocks and other financial instruments.   How does one use your index?


Having a coin tied to an alt index is extremely needed in crypto.  Do you all have a roadmap or estimation of launch?


Title: Re: T&C 20 Index: The new standard for tracking value in the altcoin sector.
Post by: VintageBazaar on January 04, 2017, 07:09:20 AM
Great to read STRATIS will be added to this project, looks like a solid platform/idea.

Take a look at I/OCoin $IOC also.  https://bitcointalk.org/index.php?topic=695855.3980
Would make an excellent choice. Big year for IOC in 2017, last year it gained x10, set to do the same in 2017.



Title: Re: T&C 20 Index: The new standard for tracking value in the altcoin sector.
Post by: cryptonova-news on January 05, 2017, 02:15:03 PM
I send my colleague a hint/message to study your project, perhaps he wants to write a news article about your website.

P.s. from which country are you guys?


Title: Re: T&C 20 Index: The new standard for tracking value in the altcoin sector.
Post by: NeuroticFish on January 05, 2017, 02:24:01 PM
Interesting idea, well done!

I'd advise to format somehow different the article titles, it looks close to "wall of text" under the chart.
But overall I like it. I bookmarked it.


Title: Re: T&C 20 Index: The new standard for tracking value in the altcoin sector.
Post by: tiggytomb on January 31, 2017, 06:21:30 PM
Cool idea, thanks for this, will definitely be looking at this as you said the altcoin world can be crazy.


Title: Re: T&C 20 Index: The new standard for tracking value in the altcoin sector.
Post by: Aufar on January 31, 2017, 06:26:08 PM
altcoin many developing although one of them there is not good for the future