Index Labs - Decentralized Market Indexes for Cryptocurrency

[indexlabs]

Hello,

We are a new project aiming to bring cryptocurrency indexes and index-based, tokenized assets to the cryptocurrency market. A platform for the creation and management of cryptocurrency indexes can be established in a decentralized manner by utilizing blockchain-based governance. Below is the whitepaper abstract and the link to our website which has more information regarding this project.


Abstract:

Traditional financial markets have long enjoyed the use of indexes. It is time to bring this tool to the cryptocurrency space, but in a manner that allows a community to create and manage its own decentralized indexes. For indexes to be properly integrated into the cryptocurrency market, two kinds of indexes are necessary, both of which are adaptive in order to include new projects of the ever-evolving cryptocurrency world. The first is a market index designed to measure the growth of a market as a whole. The second is a sector index intended for the active management of a specific allotment of related cryptocurrencies. Decentralized, active management of sector indexes will occur by means of a platform-specific governance token. Cryptocurrency indexes will be tokenized to allow for individual token ownership and trading of the indexes.


The Tokens:

Total Market Index [TMX]
The first tokenized, tradable index in the cryptocurrency market. The index tracks the performance and growth of the cryptocurrency market as a whole with the ability to factor in new projects arriving in the market.
   
Governance Token
The key piece in decentralizing the creation and management of indexes. The token gives governance platform users full control over all sector crypto indexes. Holders of this token will be distributed all tokens of newly created crypto indexes.

Adaptive Sector Indexes
Adaptive Sector Crypto Indexes allow for the active management of a group of cryptocurrencies designated to track the performance of a specific market sector. The group of underlying assets can be changed without impacting the price of the token due to its ability to keep the index unit value stable despite changes to the index composition.


Website: indexlabs.finance

On the website you can find more information about this project such as the full whitepaper, project roadmap, token sale information, and index-specific descriptions.


Token Sale Important Dates:

October 15th - Pre-sale (minimum purchase requirement)
   Contact: contact@indexlabs.finance

January 1st - Public Sale
 

Community:

http://t.me/indexlabscommunity
http://medium.com/@indexlabs
https://twitter.com/indexlabs_defi
https://www.reddit.com/user/indexlabs


Thank you and stay safe,
The Index Labs Team

[minernoob1]

I could not find any information about the team. Who is developing this project? Also, it says the presale starts in a month, but the public sale will not start until next year, what is the necessary cap to reach to continue this project?

[Twinkledoe]

I could not find any information about the team. Who is developing this project? Also, it says the presale starts in a month, but the public sale will not start until next year, what is the necessary cap to reach to continue this project?

I don't think they are going to disclose their team members here. I don't know but I have the impression that this is like with other poor quality projects out there. Selling their tokens without any solid foundation to start with. What they can offer to potential investors?

[indexlabs]

I could not find any information about the team. Who is developing this project? Also, it says the presale starts in a month, but the public sale will not start until next year, what is the necessary cap to reach to continue this project?

Thank you for reaching out with your questions,

We would like the idea (outlined in the official whitepaper, roadmap, and additional resources) to initially represent the project. Collectively, the team has decided to remain anonymous at this stage due to safety and security concerns. Our team is confident that we can manage the project and continue developing it to its fullest potential.

The presale beginning October 15, 2020 allows for an accredited investor to purchase an early, minimum token amount. We’re hoping to use the month between the end of the presale and the start of the public sale to work on bringing the governance platform to life and to have a better opportunity for presenting our project to the crypto community. We’ll continue to work on the platform through the end of the public sale, hopefully releasing the governance platform by early Q2 2021. Leading up to today, we’ve been working on the project’s whitepaper, initial project development, and kickstarting the buildout of the governance platform.

The necessary cap to continue the project, as described by the soft cap in the Token Allocation Chart on our website, is 500,000 TMX during the Public Sale stage (10% of initial token supply, 20% of token sale allocation). This established softcap was determined through market research and a calculated token amount that will set up the project for long-term success.

Thank you for engaging with our post and project idea. Please feel free to let us know if you have any further questions. We’ll be more than happy to answer them!

[indexlabs]

I could not find any information about the team. Who is developing this project? Also, it says the presale starts in a month, but the public sale will not start until next year, what is the necessary cap to reach to continue this project?

I don't think they are going to disclose their team members here. I don't know but I have the impression that this is like with other poor quality projects out there. Selling their tokens without any solid foundation to start with. What they can offer to potential investors?

Hi Twinkledoe!

We’ve answered the situation regarding team members in our response to minernoob1’s inquiry. Our project’s foundation was established through the whitepaper. We are planning on using the months leading up to the public sale to build a more structured, public foundation through project awareness which we plan on gaining through engaging with the crypto community.

The Total Market Index (TMX) provides token owners with broad market exposure to the ever-evolving cryptocurrency market. Currently the only way to achieve such a broad exposure is to individually acquire the tokens. Considering the rapidly increasing scale of the cryptocurrency market, this can be an overwhelming or unachievable task for many members of the community. With a single TMX token, a person can have full exposure to the collective cryptocurrency market as the token’s value is directly reflective of the market’s performance as a whole, i.e. derived from the total cryptocurrency market capitalization.

Potential investors onboarded during the TMX token sale will be able to receive bonus TMX tokens with their purchase. Additionally, once the governance platform is launched, the governance tokens will be dispersed to TMX token owners. The governance initiative allows for governance token holders to collectively create and manage decentralized market sector indexes.

We thank you for your challenging questions and hope to see you as part of the Index Labs community! Again, if you have any questions, please don’t hesitate to reach out to us at either our email (contact@indexlabs.finance), through our social media, or by engaging with this thread!