Current Value: -
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How the Index is constructed
- 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.
Current portfolio composition: