This is a call for feedback not yet a call for votes.
CryptoDex is a delagate and business proposal to make Bitshares the first stop trade platform for trading Blockchain Asset and Tokens Indices
CryptoDex is assembling easy to use feeds to create indices that users can hold long and short positions across marketcap weighted indexes across the entire cryptocoin universe without direct exposure to the management of the underlying assets. Bitshares provides the ideal mechanism for this to happen.
Professional industry members need tools to hedge their direct exposure to cryptocoin holdings and outside users need to find easy to use vehicles that allow for easy exposure across all available assets.
By voting for cryptodex you enable the realm of blockchain finance to become stronger and Bitshares a premiere role for this to happen.
The proposed symbol for these funds are bitCDX-{IndexSymbol}
e.g. bitCDX-MCAP88
this signifies the Bitshares Cryptodex Marketcap Weighted Top 88 blockchain assets and tokens
Additional index tracking funds include:
The Strong Privacy Based Index
DRK, XMR, SDC, BTCD, XDN etc.
DApps
Storj, Florin, Factom, etc
Cryptodex is also looking for a way to provide high value indexes that take high market caps with low liquidity offerings into account as these tend to be the least overhyped assets on the markets that are able to maintain value and considered a solid method for portfolio investors in general as these types of assets have less negative volatility.
The Cryptodex mission is to make blockchain finance safe and sane for users with all types of experience in this new domain.
Overall Goals:
- Create the safest possible blockchain asset and token indices on the market
- Help provide users interfaces that anyone can use
- Create gateways third party assets pegged to the Cryptodex on the Bitshares platform
Cryptodex is committed to providing the safest possible index mechanism available across all viable asset issuance platforms while remaining pegged to the Bitshares platform.
When voted into the delegate pay ranks Cryptodex will immediately use 80% of the funds for feeds and feed frameworks and provide 20% to the Moonstone project to finish their wallet framework.
We understand the role of feeds and delegates is up for re-implementation and are keenly watching these developments to provide the best options for users and delegates and Bitshares as a whole.