Blue Chip Large Cap Tokens
This category tracks Ethereum-based blue chip tokens, including DeFi governance tokens, wrapped blockchain currencies and stablecoins.
Name: Blue Chip
This category has the following criteria for inclusion:
The token is at least 12 weeks old.
No major vulnerabilities have been discovered in the token contract.
The token’s supply can not be arbitrarily inflated or deflated maliciously.
wETH and wBTC supplies will be hard set to allow for proper representation. 21m and 110m respectively, this also addresses supply manipulation concerns.
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.
The token has a fully diluted market cap of at least $1 billion.
At least $10m worth of liquidity is locked in the Uniswap market pair between the token and WETH or approved stablecoins.
Where centralized Cryptos are included, public and transparent audits for the underlying assets must be available as well as proofs for reserves.
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.
Fully Diluted Market Cap: Market price of one token in USD multiplied by the token’s total supply.
Protocol Token: A token used for some core aspect of a system, such as payment for services within a protocol or rewarding users maintaining a network.
Governance Token: A token used to vote on governance decisions for a project.
DeFi: Decentralized Finance - used in reference to Ethereum-based financial projects. By “financial projects” we mean projects which directly deal with finance such as exchange, lending, portfolio management, derivatives, etc. and not projects which are only peripherally related to finance.
Index Naming Scheme
Indices deployed for this category should use the following naming scheme for the ERC20 name and symbol:
Symbol: Blue + Index Size
Name: Blue Chip Top + Index Size + Tokens Index
Index Size: 5
Name: Blue Chip Top 5 Tokens Index
Swap fee set to .002x the transaction amount to increase volume and fees.