CryptoWire introduced India’s first crypto index ‘IC15’.
CryptoWire, a global crypto super app that is a special business unit of TickerPlant, recently introduced India’s first crypto index ‘IC15’.
According to The Times of India, it “will track and measure the performance of the top 15 widely traded cryptocurrencies listed on leading crypto exchanges of the world.”
The list includes Bitcoin (BTC), Polkadot (DOT), Binance Coin (BNB), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Cardano (ADA), Litecoin (LTC), Chainlink (LINK), Uniswap (UNI), Dogecoin (DOGE), Solana (SOL), Terra (UST), Avalanche (AVAX), and Shiba Inu (SHIB).
The Base Value of the index is set at 10,000 and the base date is April 1, 2018.
The Times of India writes:
“CryptoWire’s Index Governance Committee, comprising domain experts, industry practitioners, and academicians, will maintain, monitor, and administer the index while rebalancing it every quarter. The Base Value of the index is set at 10,000 and the base date is April 1, 2018.”
Launching IC15, CryptoWire Managing Director and CEO Jigish Sonagara said:
“With the launch of India’s first index of crypto IC15, we intend to complete the knowledge circle for the entire crypto and blockchain eco-system. This will not only push the ‘learn before earn’ initiative but also serve the industry with yet another powerful intervention. At CryptoWire, our approach is to facilitate market development and mitigate risk to a great degree by presenting all possible tools to evaluate possibilities and make decisions.”