Sapphire Batch index token release
At Kianite we are excited to announce that we will be releasing our first Batch index token this month.
The token will be called the “Sapphire index” and it will be an equally weighted index of blue chip projects. The choice on which projects will go into the index and the requirements that must be met for them to enter will be voted on by the Kianite community once the governance token is released in Q2 of 2021.
But, that didn’t stop us from getting your input on Twitter and based on popular vote the first tokens that will be added to the Batch will be the following 20 crypto assets.
- Bitcoin (BTC)
- Ethereum (ETH)
- Link (LINK)
- Polkadot (DOT)
- Litecoin (LTC)
- Cardano (ADA)
- Stellar (XLM)
- Compound (COMP)
- Binance coin (BNB)
- Dash (DASH)
- Reserve Rights (RSR)
- Avalanche (AVAX)
- Elrond (EGLD)
- Kusama (KSM)
- EOS (EOS)
- THORChain (RUNE)
- Tron (TRX)
- Ripple (XRP)
- Synthetix (SNX)
Projects from a range of different product offerings were chosen to diversify the indexes composition in order to maximise return while adjusting for risk.
We will then hand the decision of what assets go into the index over to the community where they will be able to crowdsource information and decision making in order to choose the most optimal currency to add to the index in order to benefit the overall community.
But this is just the first of a few indexes that will be released by Kianite we will be bring other indexes that focus on different markets for individuals interested in higher levels of risk.
The starting price of the Sapphire index will be 10 USD.
We will be having this initial sale via smart contract (ICO style) in order to generate liquidity for the tokens and then it will be listed on an exchange.
To stay up to date on what we do next follow us on Twitter and join our community on Telegram links below.