The Entertainment Fund [ENTER]
Description:
As a poll in the forum showed, exposure on markets without micromanaging is the number 1 reason for the community to buy an NDX index. The Enter Index gives investors exposure on one of the most promising niches in the crypto space, “Entertainment”. The space seems to rapidly adopt cryptocurrencies, for either payments, NFT use cases, etc. Even though the niche is rapidly growing in users and in adoption, it can be hard (especially for beginners) to keep track of all the tokens in this space. We therefore decided to write an application for the first entertainment related index pool. “Entertainment” is a wide spread topic, so we decided to split it up into five sections:
Music
Video
Sports
Gaming
Gambling
Every of these 5 sections is a unique category on CoinMarketCap which we think facilitates the administration of the pool.
Weighting:
The pool should consist of 10 tokens with every category represented by the biggest token according to CoinMarketCap. Every number 1 category token takes 15% of the pools share. The remaining 25% will be represented by the biggest tokens of all categories combined with each token taking 5 % of the pools share.
| Category | Music | Video | Sports | Gaming | Gambling |
|---|---|---|---|---|---|
| Biggest token of a single Category | 15% | 15% | 15% | 15% | 15% |
| Biggest of all Categories combined | 5 Tokens, each 5% = 25% |
Composition:
As stated by the weighting, the pool would include following tokens:
Number 1 of each category:
Music: Audius [AUDIUS]
Video: Verasity [VRA]
Sports: Chilliz [CHZ]
Gaming: Enjin Coin [ENJ]
Gambling: FUNToken [FUN]
Categories combined:
BORA [BORA]
Atari Token [ATRI]
Ultra [UOS]
Refereum [RFR]
Video Coin [VID]
Token Criteria:
(please add some criteria you think would be good)
- The Token is an infrastructure Token
- no tokens associated to a particular entity (e.g. a game, a song or a sports club)
- The token should be in the top 500 on CoinMarketCap based on Market Cap
- Token meets the requirements of the ERC20 Standard
- The token does not have transfer fees or other non-standard balance updates
Governance:
We propose that the pool should be fully governed by the Sigma Committee. A circuit breaker should be included, and the reindexing process should happen as it is the case for the existing products.
Initial Value:
We would propose a similar crowdfunding to the one proposed in the FFF proposal of 100 Tokens offered at $100 each. This is not set in stone though and could also be changed depending on your experience with this policy.