The DAX500 is designed to be an index that tracks the performance of a finite number of coins and tokens within the cryptocurrency space. Despite the name, there could be more or less than 500 assets in the index at any one time. Assets will be selected for inclusion.
We need to create a weighting methodology that takes into account the performance of the assets tracked by the index. Examples of such indexes include the S&P500, Dow Jones Index and others. These indexes typically appear in the stock markets.
The goal of the index is to give the general public, a perspective on the ‘health’ of the assets being tracked overall. Is the index moving up or down etc.
The indice itself is a single number that updates every 15 seconds. This will be performed using technology we have developed.
Provide the calculation required to compute the Index total.
- Could be less or more than 500 asset prices being tracked
- Individual asset prices will vary
- References indices include the DJIA, SP500 and so on