Super App CryptoWire released the country's first Cryptocurrency Index IC15 amidst the growing scope of Cryptocurrencies across the world.
| Country's first Cryptocurrency Index released |
Amidst the growing scope of cryptocurrencies around the world, the super app CryptoWire has launched the country's first cryptocurrency index IC15.
Release is announced. Let us tell you that over the years, cryptocurrencies have emerged as an asset class. As its acceptance increases, people's interest in it is increasing. Also Read - Former cricketer Aakash Chopra revealed, why questions were raised on the place of Shardul Thakur in Team India
CryptoWire (Crypto SuperApp)
said in a statement that the index is widely listed on the world's major crypto markets.
Will track and measure the performance of the top 15 cryptocurrencies traded with.
Will keep an eye on more than 80 percent market movements
Crypto super app CryptoWire said, this index will look at more than 80 percent of market movements. Thus, fundamentally it will bring to the fore the actual situation of the respective market. This will increase transparency. The base price of the index has been fixed at 10,000 and
Index steering committee experts will be involved
According to the statement, the Index Steering Committee of Cryptowire will rebalance, monitor and implement it every quarter. The committee comprises experts from the field, industry people and academia.
This currency is included in the crypto index IC15
Index IC15 includes cryptocurrencies such as Bitcoin, Ethereum, XRP, Litecoin, Binance Coin, Solana, Solana, Terra and ChainLink. Huh.
Strict cryptocurrency standards
In order to be included in the list of 400 coins in the world, at least 90% of the cryptocurrency business must be done. Its rank among the top 100 currencies by trading value
should be. Eligible cryptocurrencies must also be in the top 50 by circulating market capitalization. The committee will then select the top 15 cryptocurrencies. The base price of the index has been fixed at 10,000 and the base date is April 1, 2018.
RBI committee had said – cryptocurrencies can be regulated in the form of tokens
Let us inform that on the question of cryptocurrencies in the past, a member of the Reserve Bank's Monetary Policy Committee (MPC) MPC said that it would be more appropriate to call them 'crypto-tokens'. They cannot be considered as acceptable as currency. Their use as currency should be banned, but they can be regulated in token form.
It is also worth noting that Prime Minister Narendra Modi had earlier said that all democratic countries need to work together on cryptocurrency and ensure that it does not fall into the wrong hands. Giving the example of virtual currency, he said, “Take cryptocurrency or bitcoin for example. It is important that all countries work together on this and ensure that it does not fall into the wrong hands, which can spoil our youth."
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