We've been busy little 'bees' over the past few months! (We being @blainjones and I...Co-owners of @clicktrackprofit)
About 3 weeks ago, we introduced HivePay.io to help merchants and website owners open their businesses up to the Hive and Hive-Engine eco-system. As we continue to develop this project, it was pretty clear...We're in love with the potential of not only Hive but more importantly...The layer 2 possibilities :)
And there is nothing more exciting to us than what is happening on Hive-Engine. The tokens, the communities, the projects....Have really captured our imagination!
We thought there was a need for something a little different on the markets...Something that the 'everyday crypto' enthusiast could dip into without trying to master and learn about every token that is available. So we did what traditional markets do...
We indexed Hive-Engine :)
Introducing....
Hive-Engine's first indexed token, that hopes to capture the top performing tokens on the market!
By buying INDEX on the market, you are essentially purchasing a token that is backed 100% by each token within the index.
How does it work?
INDEX is 100% backed by the tokens it represents. That means if the token represents 1000 LEO tokens, it will hold 1000 LEO tokens!
We regularly review all the top performing tokens within Hive-Engine and select the top tokens to represent the token. This is based on volume averages over the history of each token for a set time.
For every INDEX purchased, a weight is given to the individual tokens represented (based on volume). INDEX then purchases the corresponding weight of each token.
100% backed by every token it represents!
O.K., that sounds cool...How do I profit from buying INDEX?
As the value of the market increases overtime, each INDEX token will HOPEFULLY rise in value.
Also through curation rewards by following curation trails specific to the tokens represented in the INDEX PLUS top performing trails on the blockchain as well.
And finally....Mining Profits!
Payouts are as follows:
- 80% of all rewards (mining and curation) are paid to INDEX holders based on the percentage of total tokens they hold
- 10% is used to purchase miners of tokens represented in the INDEX
- 10% is used for admin fee's
And here's the best part! Rewards are paid out automatically once a day.
What tokens are inside of INDEX?
Note: There are no mining tokens or SWAP tokens inside INDEX!
We have been monitoring the volume and performance of the market for a few weeks now to make sure we added the top performers.
We tried to be as unbiased as possible, and we hope that's evident because the CTP Token is nowhere to be found...Yet...We're always working to raise awareness for it lol ;)
But we chose the following tokens to give INDEX a kick start and launched! Remember, we are monitoring this all the time and if a token starts to massively underperform, or something new takes the lead...We will switch it out. Just like any index.
You can check out the tokens inside of INDEX on HE-Index.io
Just getting started!
We think this is a pretty cool project and shows the power of these layer 2 tokens!
That being said, we are always open to suggestions on how to improve and build INDEX up to be an awesome representation of all these projects on Hive.
The tweaking and perfecting of this project is ongoing and we'll be doing updates regularly to keep you up to date with everything taking place with the token!
We hope you enjoy this project and it helps bring more excitement and awareness to the blockchain! And please leave your comments, questions and suggestions below...
Be sure to grab some INDEX today ;)
Very awesome.
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Thanks so much, glad you like it!
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I’ll grab some tonight! Nice work!
Awesome to hear, thanks so much for the support :)
This sounds like a great investment instrument and I hope you reach same levels as S&P 500 Index! :) Quite innovative to aggregate to best second layer tokens and diversify a portfolio out of it. Risk is managed better and outstanding tokens will surely pull the entire portfolio up.
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LOL Hope so!
Yeah it's built for people like me, who like slow and steady and aren't trying to flip things every hour.
Of course, it's already being abused LOL But we've got plans in place to help it continue to grow.
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How to buy index as i checked hive engine, almost all of them are already sold. Was their a presale?
Also how new index tokens are minted or available for sale?
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Well I just bought it on hive-engine , you can check it now . I don't think they have done any presale .
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Thanks. I just saw on engine there are 20 @5 hive price so i was wondering. Now someone is selling a few. I will try buying as much as i can.
I still don't get how much coin is worth or is holding in other engine tokens.
Check out HE-index.io
That's got all the listings and how it's weighted.
Thanks
No presale at all.
What's confusing for some folks we have found, is how the tokens are issued.
We want to make sure the offering is as in tune to represent the index of the tokens inside of it.
So every 5 minutes, tokens are issues (right now in blocks of 300) at the current price of the H-E market.
It might go up and down, so the price will adjust based on the overall tokens in the index.
Hope this help :)
Thanks for explanation. It would be great to see a detailed post about how it all works and how one can benefit from it including all the risks involved.
So it means, when token are sold, that hive is used to buy tokens from market with volume ratio?
How will it be converted to profit? Woukd you sell them when price is high and buy when price is low or is there something else?
The index never loses it's holdings because if say you buy INDEX from me, and I'm selling the token...The token has the same holdings, but ownership of the token transfers.
These aren't really designed to flip, it's more of a long term hold...And you are betting on the HE market rising. You can always sell and it's a free market, but for me the real benefit is sitting on them and letting the rewards grow with it.
We'll have more posts about it going forward for sure :)
Thanks again
Just bought 75 tokens at 0.95 Hive average . I think it is great investment as I believe in diversification . Can I know in which coin we receive the curation rewards ?
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Yup for sure....
It'll be the coins with the ability to be staked. LEO, STEM, PAL, ARCHON...As well as mining rewards as we purchase more miners.
We've also created curation trails for this thanks to @ctpsb So we'll be generating rewards on specific tokens in the index.
Sounds great. Will buy more soon.
Awesome :)
oh boy, oh boy, oh boy!
Can't wait to see this puppy working!
Awesome sauce! I know I'm betting on the right horse :)
INDEX to the moon 🚀
ha ha ha ha crossing fingers....all this stuff might go to zero lolol
i think we're all on the right horse, the hive train is just getting ready to take off!
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I like the general idea. I've had similar thoughts for index coins that never materialized. Maybe this is the time!
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Thanks man, yeah we thought it would be the perfect fit for folks that may not be into trading every day and just wanted to get into the market to 'buy them all'...We have plans to expand from just a top 10...But wanted to see how this went first :)
So if I buy 1000 tokens, it will be backed by 1000 of each of these tokens ? I don't think, that is how it's going to work based on price ? So how do you derive for 1000 index tokens, which tokens are backed ?
And what is the supply rate, inflation of index tokens ?
Nope it's a weighted percentage. So we take a ratio of the price to represent the token.
We'll be putting together a page that goes over all the math of it, I'll post it on HE-Index.io when it's ready.
I'M CREAMING HERE! Stop being so damn good for this community!
ha ha ha ha ha working man! Never stopping!
One day, one of these things we build we help everyone :)
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Great idea and this token should do well for a long term investment. This index was needed to get more folks investing that do not have the time to investigate all of the token on the exchange. Keep up the great work.
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Thanks man, hope to see you on the INDEX richlist soon :)
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This is such amazing news. It's like a hedge fund but for crypto and it's a lot cheaper than using your typical hedge fund. On top of everything - things are super transparent on blockchain.
I was already impressed by https://hivepay.io this is some seriously cool stuff. You should become a witness 😃
ha ha ha Next on the agenda we hope :)
Thanks for the comments and support. It's brand new, so we know there will be questions. Hopefully everyone can see the big plan for it and vision...We hope :)
No feedback for now. Only excitement. :)
ha ha ha ha Excitement indeed!
Thank you sir, appreciate the support!!
awesomeeeeeeeee first the hivepay and no this! you guys are working really hard and seem very excited!! had some spare hive and i was thinking what token should i buy! i will put my faith in you!
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Thanks so much for the support :)
Yeah we've got so many ideas...Problem is only 24 hours in the day to produce them LOL
Think INDEX can help a lot of people down the road!
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is there a discord server? also be careful with the circulation!
i have high hopes on this one!!
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Yup, it's all part of the CTP community:
https://discord.gg/rwfajhA
sounds like a great idea.
got my first 200 index :)
Awesome! Welcome to the fun :)
I read @jk6276 posts about INDEX and your post, so I decided to buy for INDEX for 200 Hive :D Sounds like a amazing project!
Awesome to have you onboard! And huge shout out to @jk6276 for the amazing support as well!!
I read some of the comments aswell. I am like you, I love this way of investing! I have other index funds in fiat, so this is awesome :D
That's the only way I was in the stock markets. I am not smart enough to try to beat the market...So just buy the market :)
Ahh! And you never give a little bit hint about it before starting it.
Look something sound to keep in portfolio. But I think we should not sell the token immediately that drop out of index.
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Yeah we will work on exactly how that'll take place. Because we dont wanna crash anything by selling....Maybe distribution to token holders, we will work with that when we change tokens in the index for sure :)
Only about 24 hours in....Long road ahead!
But the Buzz it created it look like much old project.
I am very skeptical to buy any token in Hive-Engine, but now I know it is issued by our CTP team, I can throw my hat in the ring.
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Appreciate the vote of confidence :)
We'll make sure this has some exciting things ahead!
Fisrt https://hivepay.io and now this! I'm loving what you guys are creating here. I personally own a stake in many of these assets you mentioned. I can saythat they are solid investments.
Best of Luck!
Thanks very much :)
Just trying to add as much value to Hive as we can! It's such an awesome place to build on...The world needs to know!
Wow this is just amazing @jongolson, an index token for Hive-engine will mean a lot and maybe you could even get some hedge funds interested down the line, you basically tokenized the Hive-engine market cap, keep up your great work, it's awesome.
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This post is AWESOME!
Therefore it has been manually upvoted with 100% and reblogged by @thisisawesome, I manually upvote and reblog 1 post per day for the Awesome Daily Spotlight, and I also promote that post on Twitter, and it will be included as the Awesome Daily Spotlight in the Awesome Daily Curation post of today, and it will also be featured in the Awesome Weekly Spotlight that is posted on Mondays.
The goal of this project is to "highlight Awesome Content, and growing the Hive ecosystem by rewarding it".
Source
ha ha ha ha ha Thinking big time, I like it LOL
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INDEX is definitely creating a buzz on the blockchain! It's great to see people jumping in & seeing what it's all about. The CTP community is spreading its wings :) And it's always good to see a win-win. I think it will also help create exposure for many H-E tokens as time goes on since many will reach different levels of volume as well. :)
Keep up the awesome work & the dedication to bettering the use case of Hive. Only one more reason to become a long-term Hive owner :) 👍🙂💚
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The goal of this project is to "highlight Awesome Content, and growing the Hive ecosystem by rewarding it".
What is the initial token price? I mean did we have a cap price of the Index token to be traded. Any any Airdrop planned for the top 10 tokens staked holders. Cheers
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Live token price is always listed on https://HE-Index.io It's always changing as the market is changing.
No air drops, we will make sure the token is always backed by the tokens it represents.
Orders are being filled every few minutes: https://he.dtools.dev/@he-index?page=1
Congratulations on the launching $INDEX
If I have any feedback or suggestions I’ll let you guys know for sure
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Thanks man, appreciate the support. Working hard over here everyday to add value to this chain :)
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I definitely will need to get some soon i just got to check the price first.
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Looking forward to welcoming you onboard!
@jongolson, nice to see you bringing all that knowledge from the years experience in marketing. I remember our talk about this in Krakow, the one where I tried to give you some refined water. :)
The index fund idea is new to this ecosystem, but a proven one in the financial market. S&P 500 shall ring a bell to anyone. Let's see how it develops, as I think that it is a good buy and would probably stash some on the long run.
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ha ha ha ha First day in Poland and this guy is trying to get me drunk LOL
Yeah man, that's the idea for sure...All I've ever done in the stock markets is invest in the index...It's simple and doesn't require a PHd in investing :)
Index investing has beaten most of hedge funds managers over the long run.
Warren Buffet has put a bet on this, over 1 million $, saying that he picks an ETF and the best managers will not beat him. He won the million and if not him does not understand the market, who else?
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Where is the delete
I have no idea what you are talking about, but ok!
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That is true. Neither did I.
Congratulations @jongolson! You received a personal badge!
Participate in the next Power Up Day and try to power-up more HIVE to get a bigger Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
I like the Idea and for sure will buy some tokens.....
Best of luck for the project....
Is it possible to convert INDEX tokens to actual tokens from the fund?
For example, I hold 2.39% of INDEX tokens, and the fund holds $4,299.232 worth of tokens, so my share is worth $102.75. But if I tried to sell INDEX, I would get only 294 HIVE (~$33) due to low liquidity.
Hey man, not currently.
But then again we're only 3.5 weeks into this project, who knows what will happen down the road :)
Hi, I have an idea, this means games from other network can easily be bridged since we can buy their tokens with hive right?
For example, Tezo Trooperz is under the Tezos platform and they use xtz for minting and they use in-game token $rebl FD or rewards.
That means if the Tezo Trooperz game devs can just tie ii t up here by using hive index right!