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Offline Coinoindex

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BTS is a proud member of top20 cryptocurrencies Index Coinoindex.com, which can be traded at Poloniex exchange now.







Top20 altcoin index: coinoindex.com, The index includes the top 20 alternative cryptocurrencies with the largest market capitalization and tracks the value of the portfolio (in BTC), in which each coin has a 5% share. The index was created to be an analogue of Dow-Jones or S&P indexes for the altcoins arena.









Rules of index composition:
- Coin should be traded on at least three exchanges, with cumulative daily volume above $1,000 for the last 14 days
- Coins that track a value of a certain asset (USD, CNY etc) cannot be included.
- Each coin included in the portfolio is given the same weight.










You can invest in the index by using the NXT Asset Exchange, NXT Asset ID 13634675574519917918 (http://nxtreporting.com/?as=13634675574519917918). The asset tracks the index value, and constant buy/sell liquidity is maintained. You can invest using NXT cryptocurrency (you can exchange BTC to NXT directly in the NXT client from http://multigateway.org/ or at http://coinomat.com) or BTC at https://trade.secureae.com/
« Last Edit: July 04, 2015, 06:24:19 PM by Coinoindex »


Offline testz

Re: Coino Index - Cryptocurrencies Industiral Index
« Reply #2 on: June 06, 2015, 11:29:06 AM »
You can invest in the index by using the NXT Asset Exchange, NXT Asset ID 13634675574519917918 (http://nxtreporting.com/?as=13634675574519917918). The asset tracks the index value, and constant buy/sell liquidity is maintained. You can invest using NXT cryptocurrency (you can exchange BTC to NXT directly in the NXT client from http://multigateway.org/ or at http://coinomat.com) or BTC at https://trade.secureae.com/

I really don't think if anybody from our community will invest something into NXT asset, please consider to create BitShares asset.
If delegates support it and will publish the prices - we can create market issued index and trade it, like https://bitsharestalk.org/index.php/topic,16616.0.html

Offline Permie

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Re: Coino Index - Cryptocurrencies Industiral Index
« Reply #3 on: June 06, 2015, 11:53:51 AM »
This is certainly an asset I would hold if it was issued as a UIA on bitshares. As the issuer will profit from the trading fees on the UIA someone will soon create the UIA if there is market demand for it.
I'm interested in an asset of this type but I don't want to secure yet another wallet (sorry nxt). Perhaps when moonstone integrates with nxt and bts I'll hold the nxt asset while a bts UIA is still yet to exist.

It would save so much time researching and holding a varied crypto portfolio.
It will be attractive to whales that are yet to be initiated into crypto. I'm quite sure that whichever crypto's "win" and get significant adoption in the long run most likely already exist in the top 20 today. Holding a single index asset that tracks these 20 coins makes a 'punt' (bet) on crypto far easier to make as it requires far less research and a one-time transaction and wallet setup.

I see holding this index asset as a bet with very high odds of winning.
The crypto-economy as a whole is still very small and worth less than $5Bn.

The current 'market cap' of all financial markets in the traditional industry is in the $100-1000's of Trillions.
Crypto, being more efficient than the current system, could one day come to replace this entire market. Growing the crypto market from $5B into $100T is a x200,000 increase.

The current financial markets are only available to ~20% of the worlds population at best due to regulatory restrictions and barriers to information and understanding. If 100% of the population had easy and intuitive access, it could be argued that the market would be x5 larger - sizing it at ~ $5,000 Trillion.

The efficiency of crypto also allows far more numerous and complex transactions to occur.
This indicates that the global economy as a whole will rapidly expand into new markets not possible before. Transactions today require trust and access to a regulated financial institution. How many more businesses and use cases for financial markets would arise without these limitations? I estimate it has to translate into an increase in the global economy of at least x100.
Compounding these 'multipliers' brings my estimation for the size of the crypto-economy (which then will be the normal economy) to $500Petadollars, or $500,000T in USD 2015 dollars.

The crypto economy (including the top 20 coins) is currently worth around $5B.
I estimate the potential market that the crypto economy will one day saturate (5-30 yrs) could be worth $500,000 Trillion. This gives a potential growth of x100Million.

If 5% of each crypto in the top 20 is held in this index then so long as at least one coin is "successful" and increases by at least 19 times in size (to make up for any losses on other coins) then the index will retain it's value.

I also predict that the future crypto-economy will have lots of competing altcoins and a 'big 4' of coins that dominate most of the market. So any number of the current top 20 could make it big, so the index has even more upside potential.

This 'bet' of buying the index wins if any one of the coins increases it's market share of the current crypto-economy (gains against bitcoin) OR if the crypto-economy as a whole expands and the coins retain their share of this expanding market (hold their value against bitcoin).

The moment an Index UIA of this kind is issued on the BitShares exchange it will have buyers.
It's also a quick and easy sell to whales to get their feet tails wet dry.
A simple method for getting started and securely storing private keys is needed though.
Quote
Click here (One button light-client cold storage set up).
Print this (multisig paper backup).
Type account name and send btc here to buy the index. (Metaexchange etc)
Done.

« Last Edit: June 06, 2015, 12:00:44 PM by Permie »
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads


Offline Permie

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Re: Coino Index - Cryptocurrencies Industiral Index
« Reply #5 on: June 06, 2015, 05:59:15 PM »
+5%+ for having a UIA for this.

10/10 would invest:)
I've started a thread to talk about getting one set up
https://bitsharestalk.org/index.php/topic,16727.0.html
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline sittingduck

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Re: Coino Index - Cryptocurrencies Industiral Index
« Reply #6 on: June 07, 2015, 12:34:26 AM »
This would be far better as a trust free bitasset. 


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Offline sittingduck

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Re: Coino Index - Cryptocurrencies Industiral Index
« Reply #7 on: June 07, 2015, 12:35:02 AM »
My bet is the major winners haven't even launched yet.


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Offline BunkerChain Labs

Re: Coino Index - Cryptocurrencies Industiral Index
« Reply #8 on: June 07, 2015, 12:45:20 AM »
Wow, in another thread we were discussing this with the MINING Asset becoming a crypto index, though we have some other ideas about what factors to include.

Maybe we should work with you to be able to provide mining of the index instead.

Be a good fit I think.

PM me if you are interested at all.

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Offline Coinoindex

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Re: Coino Index - Cryptocurrencies Industiral Index
« Reply #9 on: June 08, 2015, 07:41:56 AM »
nice, could your format your text please?

and do you plan on running the asset on bitshares too?
Sorry, low resolutuon issue most probably. Fixed.

Offline Coinoindex

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Re: Coino Index - Cryptocurrencies Industiral Index
« Reply #10 on: June 08, 2015, 07:43:55 AM »
You can invest in the index by using the NXT Asset Exchange, NXT Asset ID 13634675574519917918 (http://nxtreporting.com/?as=13634675574519917918). The asset tracks the index value, and constant buy/sell liquidity is maintained. You can invest using NXT cryptocurrency (you can exchange BTC to NXT directly in the NXT client from http://multigateway.org/ or at http://coinomat.com) or BTC at https://trade.secureae.com/

I really don't think if anybody from our community will invest something into NXT asset, please consider to create BitShares asset.
If delegates support it and will publish the prices - we can create market issued index and trade it, like https://bitsharestalk.org/index.php/topic,16616.0.html
It will be traded at exchanges in some time. Also guys I don't think that you should really be negative about other Crypto 2.0, we're all in the same boat.
And yes I would consider launching it on Bitshares too, must look a little deeper into the technicalities though.

Offline Coinoindex

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Re: Coino Index - Cryptocurrencies Industiral Index
« Reply #11 on: June 08, 2015, 07:46:18 AM »
Thank you for appreciation,
the strong point of this asset - it is bound to grow in value, this is the right moment to invest in this, since the bear market is slowly coming to an end.

This is certainly an asset I would hold if it was issued as a UIA on bitshares. As the issuer will profit from the trading fees on the UIA someone will soon create the UIA if there is market demand for it.
I'm interested in an asset of this type but I don't want to secure yet another wallet (sorry nxt). Perhaps when moonstone integrates with nxt and bts I'll hold the nxt asset while a bts UIA is still yet to exist.

It would save so much time researching and holding a varied crypto portfolio.
It will be attractive to whales that are yet to be initiated into crypto. I'm quite sure that whichever crypto's "win" and get significant adoption in the long run most likely already exist in the top 20 today. Holding a single index asset that tracks these 20 coins makes a 'punt' (bet) on crypto far easier to make as it requires far less research and a one-time transaction and wallet setup.

I see holding this index asset as a bet with very high odds of winning.
The crypto-economy as a whole is still very small and worth less than $5Bn.

The current 'market cap' of all financial markets in the traditional industry is in the $100-1000's of Trillions.
Crypto, being more efficient than the current system, could one day come to replace this entire market. Growing the crypto market from $5B into $100T is a x200,000 increase.

The current financial markets are only available to ~20% of the worlds population at best due to regulatory restrictions and barriers to information and understanding. If 100% of the population had easy and intuitive access, it could be argued that the market would be x5 larger - sizing it at ~ $5,000 Trillion.

The efficiency of crypto also allows far more numerous and complex transactions to occur.
This indicates that the global economy as a whole will rapidly expand into new markets not possible before. Transactions today require trust and access to a regulated financial institution. How many more businesses and use cases for financial markets would arise without these limitations? I estimate it has to translate into an increase in the global economy of at least x100.
Compounding these 'multipliers' brings my estimation for the size of the crypto-economy (which then will be the normal economy) to $500Petadollars, or $500,000T in USD 2015 dollars.

The crypto economy (including the top 20 coins) is currently worth around $5B.
I estimate the potential market that the crypto economy will one day saturate (5-30 yrs) could be worth $500,000 Trillion. This gives a potential growth of x100Million.

If 5% of each crypto in the top 20 is held in this index then so long as at least one coin is "successful" and increases by at least 19 times in size (to make up for any losses on other coins) then the index will retain it's value.

I also predict that the future crypto-economy will have lots of competing altcoins and a 'big 4' of coins that dominate most of the market. So any number of the current top 20 could make it big, so the index has even more upside potential.

This 'bet' of buying the index wins if any one of the coins increases it's market share of the current crypto-economy (gains against bitcoin) OR if the crypto-economy as a whole expands and the coins retain their share of this expanding market (hold their value against bitcoin).

The moment an Index UIA of this kind is issued on the BitShares exchange it will have buyers.
It's also a quick and easy sell to whales to get their feet tails wet dry.
A simple method for getting started and securely storing private keys is needed though.
Quote
Click here (One button light-client cold storage set up).
Print this (multisig paper backup).
Type account name and send btc here to buy the index. (Metaexchange etc)
Done.

Offline Coinoindex

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Re: Coino Index - Cryptocurrencies Industiral Index
« Reply #12 on: June 08, 2015, 07:47:33 AM »
My bet is the major winners haven't even launched yet.


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The trick is when they are launched they will be in the index.

Offline testz

Re: Coino Index - Cryptocurrencies Industiral Index
« Reply #13 on: June 08, 2015, 07:57:25 AM »
You can invest in the index by using the NXT Asset Exchange, NXT Asset ID 13634675574519917918 (http://nxtreporting.com/?as=13634675574519917918). The asset tracks the index value, and constant buy/sell liquidity is maintained. You can invest using NXT cryptocurrency (you can exchange BTC to NXT directly in the NXT client from http://multigateway.org/ or at http://coinomat.com) or BTC at https://trade.secureae.com/

I really don't think if anybody from our community will invest something into NXT asset, please consider to create BitShares asset.
If delegates support it and will publish the prices - we can create market issued index and trade it, like https://bitsharestalk.org/index.php/topic,16616.0.html
It will be traded at exchanges in some time. Also guys I don't think that you should really be negative about other Crypto 2.0, we're all in the same boat.
And yes I would consider launching it on Bitshares too, must look a little deeper into the technicalities though.

I'm not negative about other Crypto 2.0, in our forum 99% of users has BitShares and maybe 10% or less has NXT, so to invest something into NXT asset much complicated than invest into BitShares asset. I'm will be very glad to see your asset in BitShares.

Offline Coinoindex

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Re: Coino Index - Cryptocurrencies Industiral Index - Now on Poloniex!
« Reply #14 on: July 04, 2015, 06:25:49 PM »
BTS is a proud member of top20 cryptocurrencies Index Coinoindex.com, which can be traded at Poloniex exchange now.


 

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