The Cryptoindex is an AI-driven analytical snapshot of the world’s 100 best-performing cryptographic currencies. The Cryptoindex platform is 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.
PROS:
- A cryptocurrency index would be appealing to a wide range of participants, including crypto newbies, experienced cryptocurrency users, crypto traders, crypto funds and traditional financial institutions.
- On the Cryptoindex platform, users can find different news, market & trading info, market overview, info on recently added tokens, market forecast, cryptocurrency rating system & analytics report; they can also track index structure online.
- The index functions according to its proprietary algorithm, Zorax. Zorax was based on three principles: Use of raw data. Direct data from exchanges and sentiment data (Twitter, crypto media, Telegram, etc.) Coin rating. Each coin has a calculated rating on the basis of several neural networks. Rebalancing. The index is not static, its composition is dependent on the rating of each coin, updated in accordance with changes in the ratings of coins.
- The Cryptoindex 100 has been in live testing since October 2017. Zorax’ ability to learn quickly has been demonstrated by its ability to successfully select coins for every testing period. Furthermore, the opportunity for emotion or human error to directly influence strategy is reduced to near zero as the index is AI managed.
- 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.
- Token sale purchasers will get the following main benefit: ability to offer your CIX100 token (to Authorized Fund); 3 months free access; bonus tokens; when paying with CIX100 tokens, token holders will enjoy a 50% discount on the price of all services offered on the platform.
- If the Cryptoindex Company deems necessary or is required, to refund your contribution, your subscription to CIX100 tokens would be canceled and your received payment for the CIX100 tokens would be refunded.
- The team of the project consists of highly qualified financial professionals and advisors. The whitepaper besides using simple language that is easy to understand presents the concept in a clear and logical way.
CONS:
- The Authorized Fund referred to in project's documentation, is a proposed entity that is not yet incorporated, is not yet licensed and is not yet fully operational.
- Rebalancing of the Cryptoindex 100 happens monthly, when the composition of the index is changed by up to 22% on average. Although the index is not a stable value, it should be updated more often than once a month.
- The rate of accuracy of Zorax algorithm reaches only 90%.
- Since CIX100 activities are tightly linked to the global Internet, any of its failures are a risk of incorrect operation of CIX100 applications and platforms. CIX100 is released on the Ethereum blockchain basis. Any faults or malfunctioning of the Ethereum Blockchain code may cause the CIX100 network to function in an unexpected manner.
- Because Company confers no governance rights of any kind with respect to the Company Platform, all decisions involving the Company’s products or services within the Platform or Company itself will be made by Company at its sole discretion.
- The Company is not responsible for and has limited control over the subsequent circulation and trading of CIX100.
- There is fierce competition in the cryptocurrency market and Cryptoindex competitors may offer products and services that may be superior to Cryptoindex' product or more aggressively marketed or more modestly priced, which may negatively affect the value of product and services and the value of CIX100.
- Although the whitepaper contains all the necessary information, it is available in English only.
SUGGESTIONS:
- Develop and legalize the Authorized Fund that will purchase CIX100 tokens.
- Increase the rate of accuracy to 90%-97% in the process of quality self-education of the system, adding new sources of data and new analyzed factors.
- Rebalance the index more often under the condition of potential portfolio volatility.
- Motivate CIX100 token holders by engaging in the decision-making process; provide them with some guarantees regarding subsequent circulation and CIX100 token trading.
- Add more indices to its set of products, like enhanced data analytics, dataset access, API service.
- Develop and improve the Cryptoindex 100 platform to make it more competitive.
- Engage internationally qualified translators to help in writing the white paper in other languages.
NOTE:
A cryptocurrency index goes to the heart of the exciting and vibrant universe of сryptoсurrencies while offering a methodology fully suited to the needs and requirements of heavily regulated asset managers, institutional and professional investors. The next major milestone in the establishment of the index will be a forming of the Index Reference Value. This makes the project very promising and I would invest in it.
