Mining Giant Bitmain Launches Crypto Index for Investors
Beijing-based cryptocurrency miner Bitmain has released a new cryptocurrency index as a benchmark for investors.
The company announced on Friday that the new Bitmain Crypto Index tracks the performance of the "largest and most flexible" Crypto currency and marks it in US dollars.
This index publishes two types of prices: real-time spot prices, which are updated every second, and daily reference prices, which are posted once a day around 10:00 am in Hong Kong time.
List the top spot prices of the top 17 Cryptocurrencies and the BitMain Big 10 Index (BLC10) based on 10 large captions (cryptos) based on market capitalization. Big 10 is weighted by market capitalization and member passwords account for more than 90% of the broader market value, says Bitmain
"The index has been developed to provide institutional and individual investors with a transparent, timely, methodological and investable benchmark for the most active cryptocurrencies traded globally," said Bitmain, Explained in the methodology.
Pricing data is available from a number of exchanges including Bitfinex, Binance, Bitstamp, Bittrex, GDAX, Gemini, Huobi, Itbit, Kraken, OKEX and Poloniex. BitMain selected the exchange based on various factors such as reputation, price transparency, compliance level, reliability and trading volume.
Bitmain said one of the recently enumerated tokens must undergo hard fork partitioning. "Add a hard fork to determine whether the new token is a significant token measured on a series of criteria on the 10th post-fork".
This index will be reviewed monthly by a committee set by the company.
Chart image with Shutterstock
(f.fbq) return; n = f.fbq = function () n.callMethod?
n.callMethod.apply (n, arguments): n.queue.push (arguments); if (! f._fbq) f._fbq = n;
n.push = n; n.loaded =! 0; n.version = & # 39; 2.0 & # 39 ;; n.queue = ; t = b.createElement (e); t.async =! 0;
t.src = v; s = b.getElementsByTagName (e) ; s.parentNode.insertBefore (t, s)} (window,
Document, & # 39; script & # 39 ;, & # 39; // connect.facebook.net/en_US/fbevents.js');
fbq (& # 39; init & # 39 ;, & # 39; 239547076708948 & # 39;);
fbq (& # 39; track & # 39 ;, & # 39; PageView & # 39;);
You must log in to post a comment.