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Laxman Pai, Opalesque Asia: SharesPost launched the SharesPost Token Index to track the growth and maturity of the ERC-20 token market.
According to the San Francisco-based financial services company, the index is representative of the broad blockchain sector and includes credible projects whose digital tokens have defined utility.
"The Index focuses on a select group of tokens based on the ERC-20 protocol, and uses factors such as market capitalisation and trading history to assign a weight to each token based on price and circulating supply," said a press release.
As such, the Index is able to accurately reflect the market's overall maturity in real-time on a daily basis while minimising liquidity risk and transaction costs.
The release quoted SharesPost Founder and CEO Gregory Brogger as saying: "As interest in cryptocurrencies and blockchain continues to rise, we saw a need to provide a meaningful measure of token performance to help inform investor decisions and make the market more comprehensible for everyday people. Our resulting growth Index addresses this need, while reflecting our larger mission of providing liquidity to the private growth asset class through trading, asset management, research, and data."
The Index uses a market capitalisation formula to calculate a total value based on daily pricing data. Specifically, the Index draws upon the volume-weighted average price of each token from a white list of exchanges.
The tokens ...................... To view our full article Click here
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