An index is a financial metric used to track the performance of a group of assets. It provides a summary of the performance of multiple assets and is typically used as a benchmark to compare individual investments.

YouHodler has launched a new crypto index (ticker: MHIX), which is composed of a list of cryptocurrencies traded against USDT. The index is calculated using a simple formula based on the sum of the products of the weight (shares) and the coin quote (price) for each asset.

Formula:

The current value of the index (Index(t)) is calculated as the sum of the products of the weight (Shares) and the coin quote (Price(t)) for each asset:

Index(t) = ∑ (Shares * Price(t))

Where:

The composition of the index is rebalanced periodically to ensure that it remains representative of the performance of the underlying assets.

Launch Date:

The YouHodler Crypto Index was launched on April 1, 2023.

Index Composition on April 1, 2023: