Summary
I am proposing the launch of a LunarCrush Index. If you like the idea, please help to further develop the proposal.
The LunarCrush Index ($CRUSH)
The unique purpose of the index is to enable investors to get exposure to projects that are trending at this very moment, based on the LunarCrush AltRank.
The Index would consist of the top 10 LunarCrush AltRank (LunarCRUSH | Social Media Analytics for Cryptocurrencies) scores and would change daily (or even more frequently), as this index is very time-sensitive. In fact, the fast shifting and balancing of assets in the index would provide extra utility to investors that want to be on top of news trends and story’s as they cannot do this themselves in the same fast manner.
Maybe the balancing can be based on the AltRank like this:
1 20%
2 17,5%
3 15%
4 12,5%
5 10%
6 7,5%
7 6%
8 5%
9 4%
10 2,5%
Governance
Please help me figure this out.
Initial value of $CRUSH
Please help me figure this out.
Token’s criteria
Redphonecrypto, 0xBay, please excuse me for using mainly your criteria from the DEGEN index proposal as I do not know enough about the technical side of things. Let’s say this index also has the following criteria for inclusion:
- The token has a market cap ranging from $10 million or more (as calcuated by a rolling 14-day TWAP on Uniswap).
- This token is at least a week old.
- No major vulnerabilities have been discovered in the token contract.
- The token’s supply can not be arbitrarily inflated or deflated maliciously.
- The control model should be considered if the supply can be modified through governance decisions.
- The token does not have transfer fees or other non-standard balance updates.
- The token meets the requirements of the ERC20 standard.
- Boolean return values are not required. If a token isn’t an ethereum token, then maybe we can use synths or wrapped tokens?
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At least $300,000 worth ofSufficient liquidity is locked in the Uniswap market pair between the token and WETH.
- This does not apply to WETH.
- The token is one of:
- Protocol token for an Ethereum-based project.
- Governance token for a DeFi project.
- Wrapper token for a blockchain’s native currency.
Again, maybe someone has better ideas for this.
Marketing
In general, I think this Index could get a lot of attention if LunarCrush likes the idea and gets behind it. This will lead to exposure for all the other indices as well.
Maybe we could get in the main menu with a $CRUSH index page where people can see the performance of the index and go to Indexed.finance to invest themselves, instead of chasing down all trending tokens.
Lunar crush could get exposure back from indexed.finance, but also earn rewards, maybe based on the performance of their index.