Coindex30 — CryptoIndex

Coindex30 is a circulating supply-adjusted market capitalization index that represents the values from 30 of the most representative cryptocurrencies and cryptoassets on the market equivalent to 90+% of the market size, providing a representative, accurate and diversified measure, is the first member of the Coindex Index Family, and CNDX is an asset whose value strictly obeys to the index level

The Coindex index family reaches the crypto environment to become a standard market measure, for the creation and support of new investment products such as cryptoindex mutual funds, crypto index portfolios, cryptoexchange traded funds, cryptoindex futures and options and to be a real, diversified and representative indicator of the price behavior of cryptographic assets, providing accuracy, reliability and serving as a benchmark either for comparing a crypto asset with the average or the whole crypto market with any other market. Every financial market requires one or more indices that significantly group the traded assets and reflect their variations such as S&P50 and Dow Jones in the United States, FTSE 100 in London or Nikkei in Tokyo, in the cryptoassets market Coindex30 will be the main benchmark.

Usually the number of indices used to measure a market depends on its depth, volume and capitalization, so in highly liquid markets such as the U. S. stock market there are even dozens of indices that group shares of companies classified by market capitalization, sectors, among others. Although the cryptographic market already has a significant number of assets and transaction volumes, Coindex team has decided to launch an index that groups the 30 most important cryptographic assets in the market, and to project the future launch of other indexes by segment.

CNDX is an Ethereum based token and a derivative from the COINDEX30 index, its value corresponds at all times to the index level +/-10% (the mechanisms for achieving such equivalence are described on the whitepaper). It is a one-of-a-kind instrument, the first token indexed to the COINDEX index family. Index-based instruments are an excellent investment opportunity and represent a large volume in traditional stock markets, as they offer the opportunity to diversify and obtain results due to the behavior of important market segments and not by isolated assets, in other words, it is investing in the cryptocurrency and cryptographic assets market and not having to choose between one or the other currency/asset and assuming the consequent risks and frictions. CNDX is an ERC20 standard token, it means it can (and will) be traded on several digital assets exchanges, having a huge market liquidity.

Further information about the project can be found on www.coindex.finance