Cryptoindex

Cryptoindex

Cryptoindex logo

Cryptoindex 100 is a digital expression of the top 100 coins, that rebalances itself continuously as the cryptocurrency market ebbs and flows.

The index represents a mathematically computed value of the coins, included in the structure of the index, changing every second along with each movement of the price of each index coin. Integration with the 9 largest exchanges allows continuous tracking of tens of millions of trades and orders per day, which are then instantly reflected in the price of the Cryptoindex 100.

1 History
2 Concept
3 Technological characteristics
4 CIX100 coin
5 Key advantages
6 See also
7 References

History

The Cryptoindex platform (“Platform”) was conceived as a one-stop crypto market resource, aiming to provide novice and experienced users with the full scope of valuable, up-to-date information and analytics. With readily accessible top crypto market news, price quotes, real-time trading, and order book information, the Platform allows users to monitor the crypto markets efficiently. The Platform provides top-of-the-line analytics on all coins included in the Cryptoindex 100. To choose the 100 most promising coins and to form the Cryptoindex 100 algorithm, Zorax analyses a huge amount of data sourced from tens of billions of actions of cryptocurrency market participants. The Platform highlights this decision-making process, by showing the impact of different factors on the weight of each coin in the index, displaying recently added coins, giving predictions of the neural network about each coin in the index for the next period. Cryptoindex is sharing its own ratings of the most promising and most underperforming coins along with full analytics for each coin.

Concept

Cryptoindex Explained Simply (CIX100)

The index functions according to our proprietary algorithm, ‘Zorax.’ Over 1,800 coins are put through our fixed set of filters, which provides around 500 coins as a rough output. Data is collected from cryptocurrency exchanges, news, social media, such as Twitter, Telegram, GitHub, and other sources. The collated data is used to extract over 200 factors that create a refined ranking in the index. Then, the factors are fed into the neural network, creating a final rating of coins, with the top 100 coins making up the Cryptoindex 100. Zorax was trained on the entire crypto trade history, including the early start of the cryptocurrency market. Tens of billions of action data points from cryptocurrency market participants were downloaded into our set of neural networks. Zorax learns from tens of millions of new trades and orders every day, analyzing tens of millions of messages, news announcements and events in the cryptocurrency market – making a unique self-learning, highly sophisticated decision-making machine. Previously created indices are based upon the logic of ‘Coinmarketcap’ in their structure. Unfortunately, the current cryptocurrency market situation has led to artificially “pumped” coins being included in indices. Due to the Cryptoindex methodology, the structure of Cryptoindex 100 differs by 20%-50% from the mathematical distribution of coins based on the market capitalization and volume trades. Zorax neural network filters out speculative transactions and “over-hyped” coins and instead analyzes sentimental data to determine the most promising coins. Compared with the simple mathematical distribution of top 100 coins, based on the coins’ capitalization and volume trades, Cryptoindex’s approach showed up to 2 times higher levels of efficiency in the last 1.5 years. The opportunity for emotion or human error to directly influence strategy is reduced to near zero as the index is AI-managed. Cryptoindex’s powerful algorithms automatically select the top 100 crypto coins, using multiple factors to rebalance its structure on a continuous monthly basis.

Technological characteristics

Rebalancing of the Cryptoindex 100 happens monthly, when the composition of the index is changed by up to 22% on average. By analyzing thousands of trades and signals every second, based on more than 200 factors, Zorax rebalances the weight of the coins in the index, including new, promising coins and excluding those showing diminishing returns. The Cryptoindex 100 has been in live testing since October 2017. Zorax’s ability to learn quickly has been demonstrated by its ability to successfully select coins for every testing period, beating Bitcoin and out-performing the total market capitalization. The current index value and its composition with detailed analytics for each coin included in the index are available at the Cryptoindex Platform.

CIX100 coin

CIX100 is a market coin launched by the Cryptoindex team that represents an index of the top 100 performing cryptocurrency coins, referred to as the Cryptoindex 100. The “reference value” of CIX100 is based on the mathematical value of the coins in Cryptoindex 100. Through integration with the 9 largest cryptocurrency exchanges, we are able to track millions of trades in these coins, and through our neural network algorithms, the summarized price action is then reflected, in real time, in the value of the Cryptoindex 100.

All the Token Holders will get 50% discount on the value of the Services offered on the Platform when paying with CIX100 Tokens. The CIX100 token is an ERC20 standard token, which means it can be stored in any wallet or on any exchange that supports the standard. There is a limited number of tokens to be issued, set at 300,000,000. In the initial Token Sale stages, 60,000,000 CIX100 tokens will be available at a price of 0.0001 BTC for 1 CIX100. All Token Sale Purchasers will get 3 months free PRO access to the Cryptoindex 100 Platform. After the end of the Token Sale the CIX100 token will be traded on cryptocurrency exchanges with its own price, it is supposed that the price of the token will strive to the current index value.

Key advantages

Cryptoindex 100 is an index of the 100 best performing сryptocurrency coins created with the help of Zorax, our proprietary AI network. Based on more than 200 factors, Zorax continuously rebalances the top performing coins in the index, ensuring promising coins are included and inefficient ones are excluded. By pinpointing the most promising and consistently well-performing coins, the index will allow you to balance the risk, by offering a robust structure including only the high-potential coins.

1. Analyzing data It is virtually impossible to be fully informed about all the cryptocurrencies, especially when their numbers are growing daily. Just collecting and analyzing all the valuable sources will take at least 8 hours daily, comparable with a full-time job. Cryptoindex 100 can do it all on its own by collecting and processing more than 100Gb of data daily. 2. Exchanges to be registered on Signing up at 8 exchanges is required to track price action of the 100 coins. With Cryptoindex, all market data is provided on Platform, so registration at cryptocurrency exchanges is not required. 3. Assess price action of the top 100 coins Assessing the price action of the top 100 cryptocurrencies will take up to 48 hours when you manage it manually. Cryptoindex 100 needs 1 minute only to complete the process. 4. Wallet To create a portfolio of 100 cryptocurrencies manually, you need to have more than 30 wallets to accommodate each coin. For CIX100 token you need an only ERC20 wallet. 5. Rebalance Cryptoindex rebalances the structure of the index automatically, while regular decision-making about each coin of the top 100 is very complex for any crypto holder, even if a sophisticated software is used to simplify the process. 6. Human factor Every human being has a chance to make mistakes in the decision-making process. In Cryptoindex human factor element strives to be zero. Imagine the opportunities of an index that is driven by AI.