MV Index Solutions (MVIS) and Crescent Crypto Asset Management, a leading index provider and fund manager for the digital asset space, have launched the three new cryptocurrency indices:
- Crescent Crypto Smart Contract Platform Index (CCSMART)
- Crescent Crypto Anonymity Index (CCDARK)
- Crescent Crypto Alt Index (CCALT)
In December of 2018, Crescent and MVIS partnered to publish the Crescent Crypto Market Index (CCMIX) which is a broad-based investable index of the largest and most liquid digital assets.
The three new indices – CCSMART, CCDARK, CCALT – expand the Crescent Crypto Index Family and are an effort to benchmark some of the most interesting themes in the blockchain asset ecosystem.
Crescent Crypto Smart Contract Platform Index (CCSMART)
The CCSMART tracks the performance of a market capitalization weighted basket of the largest smart contract platform assets that are liquid and secure. Smart-contract platforms are defined as public blockchains that are capable of self-executing code, called smart contracts or decentralized applications (dapps). Today, Ethereum is the largest smart contract platform and there exist many others with similar objectives, but differing implementations and consensus mechanisms.
Crescent Crypto Anonymity Index (CCDARK)
The CCDARK tracks the performance of a market capitalization weighted basket of the largest privacy designated assets that are liquid and secure. The privacy designation is defined by a blockchain’s incorporation of technology that makes it difficult for any party to trace the transaction flow. Anonymous transactions help to ensure fungibility, censorship-resistance, and judgment-resistance.
Crescent Crypto Alt Index (CCALT)
The CCALT tracks the performance of a market capitalization weighted basket of the largest digital assets, excluding Bitcoin, that are liquid and secure. Bitcoin currently represents around 55% of the total digital asset ecosystem. All of the assets within the ecosystem, save for BTC, are known collectively as “Alt Coins”. Generally, they are more volatile and speculative than Bitcoin, and the CCALT serves as a gauge for risk sentiment in the digital asset space.
