Olympus Labs to debut cryptocurrency index product with indices constructed by BB Index
Olympus Labs has signed a partnership with BB Index to include 26 investable cryptocurrency indices after its launch of a new index product within their mobile app
May 5, 2018 — Olympus Labs, an emerging leader and pioneer in cryptocurrency financial protocols and products, has partnered with BB Index, provider of the world’s first well-diversified crypto-asset indices with systematic exposures to different segments of the cryptocurrency markets.
As part of this partnership, all 26 BB investable indices will be available through a gradual rollout schedule within the Olympus app, to be constructed and tracked through Olympus’ mobile app with just one tap of a button. Due to its core protocol, the Olympus core smart contract allows for efficient and timely replication of these indices for investors to track and purchase.
“Investments in the cryptocurrency market is still at an embryonic stage. If economic and finance history have taught us anything, it is that passive funds contribute to rapid and sustainable growth of investments. Olympus presents a great technology to foster growth in both passive and active funds. Launching the BB indices using the efficacy and precision of Olympus platform will contribute to the growth of this market,” stated Dr. Redouane Elkamhi, co-founder and developer of BB Index.
A landmark achievement for blockchain and asset management
This partnership will track some of the important developments of more “traditional” financial market indices over the years. Given that transparent and investable cryptocurrency indices are rare in the market these days, this partnership will put time and cost savings into the hands of potential and current cryptocurrency investors.
“We believe in the great value that this integration between BB Index and Olympus will bring to the general and seasoned cryptocurrency investor alike,” said Kai Chen, CEO of Olympus Labs, echoing the positive sentiments of Dr. Elkhami, “With the ease and simplicity of our mobile app, we will enable them to invest in timely and well-managed indices with little hassle.”
By launching this index partnership, both parties have created a crucial tool for producing the huge range of investment products that investors desire today.
“The blockchain community and investors will benefit tremendously from these transparent, well defined and independent constructed indices, presented in the most accessible way,” added Dr. Elkamhi.
About Olympus Labs
Olympus Labs is a protocol for the decentralized creation of cryptocurrency financial products with a one-stop-shop mobile application that offers investors the financial products built using the Olympus Protocol.
The Olympus Ecosystem integrates financial product creators, third-party applications, exchanges, and price oracles, and we encourage third-party developers to build their own financial products and D-apps using Olympus Protocol.
About BB Index:
BB Index is the world’s first well-diversified cryptocurrency indices, which provide investors with systematic exposures to different segments of cryptocurrency markets. BB Index has a range of indices, producing investment products that investors desire today. BB Index aims to help the blockchain community and investors benefit tremendously from transparent, well defined and independently-constructed indices.
For more information about Olympus Labs:
To learn more about the project, please visit www.olympuslabs.io.
To invest in the project, you can buy MOT on Kyber and Olympus app, as well as on OKEx, Bibox, FuBT and BTCGO
To support the project, you can join us on social media:
Telegram chat: https://t.me/olympuslabs
Twitter: twitter.com/olympuslabsbc
Wechat: OlympusLabs
