India’s First Cryptocurrency Index IC15 Launched: Everything Worth Knowing
CryptoWire, the global crypto app which is a special business unit of TickerPlant has launched India’s first index of cryptocurrencies, named IC15. The crypto index is mainly designed to supervise the potential of the 15 most traded cryptocurrencies globally. The cryptocurrency index is termed IC15.
Cryptowire is a specific crypto statistics workshop provided by TickerPlant. The company stated, “the cryptocurrency index is focused to enhance the awareness and knowledge of the cryptocurrency and blockchain ecosystem.”
It added that the index IC15 will help investors discern the strategy of virtual coin trading. The development pops us at the most relevant time. In India, cryptocurrency trade is witnessing a massive surge letting retail investors believe in virtual currencies irrespective of regulation.
Functioning of IC15 Index
The Indian cryptocurrency index – IC15 takes in a governance committee (IGC) incorporating domain experts, industry executives as well as academicians. They are held responsible to monitor & maintain the index, together with reshuffled top 15 cryptos.
Jigish Sonagara – CryptoWire’s MD and CEO said, “Our perspective is to smoothen market development and qualify risk to a higher degree. This will be done by propounding all possible tools to assess possibilities and make decisions.”
He further added, “We want every single participant to employ this research-oriented & technology-powered opportunity to the fullest. IC15 will be highly beneficial for tracking the market.”
The index will be examined, analyzed, and rebalanced every quarter. The base value of the cryptocurrency index is set at 10,000 and the base date is April 1, 2018. The 4 leading digital assets here are Bitcoin, Ethereum, Binance Coin, and Solana.
IC15 Index’s Objective
The goal of the IC15 index is to impart acumen into index-linked products like crypto ETFs and funds. The index will also rig out information about crypto mining and the average cryptocurrency market.
Investors can comprehend crucial details about the cryptocurrency ecosystem via the IC15 index. The index will also offer solutions for diversified investments in cryptos.