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What is Cryptoindex (CIX100)

Cryptoindex is a service that provides an index of the top 100 performing coins on the cryptocurrency market in real-time. The entire service is powered by an intuitive platform and the index is selected by a highly sophisticated neural network algorithm called Zorax.

With the Cryptoindex service, crypto investors can manage their portfolio assisted by the AI algorithm. Zorax analyzes thousands of trades and signals every second, and bases decision on more than 200 factors to rebalance coins in the index, including promising coins and excluding inefficient ones.

For more information, you can watch the explainer video here:

Problem

Nowadays consumers want to make the most careful purchase decisions- from the best restaurant to the top toothbrush people engage with reviews. Ratings and reviews are visible everywhere and greatly influence purchase decisions. However, attracting honest feedback is harder than it seems- 70% of customers are willing to leave a review when asked, and they are 2-3 times more likely to write if there was a negative experience, and there are plenty of fake reviews. Users who are incentivized are much more likely to leave an honest review.

Solution

There are thousands of coins on the crypto market and getting the right one to invest in at any given time can be a very difficult task. To fully grasp everything that is happening in the crypto market these days, a novice investor needs to analyze an enormous number of data sources and continuously examine new coins, in other words, he or she must be fully immersed in the process on a professional level.

The constant fluctuation of popular coins adds to concerns, and even Bitcoin is a market champion in volatility. Over the past year, there have been several price rallies for the world’s most popular cryptocurrency. It went up to around $20k, then fell below $7k, then jumped to $11k and has fluctuated around $6.5k in Q2 2018. Such price moves can, naturally, result in great losses.

Not all potential crypto investors can stand a loss in their portfolio of 20% to 80% over a short period of time. This is another reason why many potential cryptocurrency users, while prepared to tolerate moderate and calculated risks, are still hesitant to enter this volatile market.

With an intelligent index, it is now possible to get real-time information without the hassle of extensive research. Cryptoindex collects and analyze multiple data to create an index of the top 100 performing coins in the market and serves to provide this valuable information.

Team

The Cryptoindex service has put together an impressive team of experts which includes over 27 professionals.

You can access team profiles and more information on the team members at: https://cryptoindex.io

News

Between the recent news we have:

You can check all the news and updates Here

Community around it

  • Twitter: 6,980 followers
  • Facebook: 7,218 followers
  • Reddit: 6,100 subscribers
  • Telegram: 11,342 members
  • Youtube: 7,100 Subscribers

Token info:

  • Token Sale start Date: 17 October 2018, 10:00 (UTC+1)
  • Token Sale end Date: 16 January 2019 23:59 (UTC+0)
  • Token Distribution Date: 5 February 2019, 23:59 (UTC+0)
  • Total Token Supply: 300 000 000 (Three Hundred Million)
  • Total Tokens Offered: 300 000 000 (Three Hundred Million)
  • Soft Cap: U.S. $3 000 000 (three million)
  • Hard Cap: U.S. $37 000 000 (Thirty-Seven Million)
  • Token Symbol: CIX100
  • Token Sale Price: 0.0001 BTC = 1 CIX100
  • Blockchain Used: Ethereum
  • Token Standard: ERC20
  • Token Type: Utility
  • KYC/AML: Compulsory

Token distribution and Use of funds

Competitors

There are quite a number of crypto indexes all providing similar services to Cryptoindex:

CRYPTO20

  • Performance tracking of top 20 Cryptocurrencies
  • Leverages analysis to deploy crypto fund for ICO investment
  • Full product already functional

WORLDCRYPTOINDEX

  • Cryptocurrency market research tool- Aggregates market data from all major exchanges
  • Cryptocurrency news and feeds
  • Full product already functional

CCI30

  • Rebalances value index of the top 30 Cryptocurrencies
  • Full product already functional

Verdict

With the state of cryptocurrencies being numerous and difficult to track as it were today, an index similar to an Equity, Fixed Income or Commodity index, can be considered a solution for the current crypto market challenges. Cryptocurrency index services like Cryptoindex seems therefore like the logical next step in allowing the old-world financial markets to start looking at the new world currencies as a serious and viable investment opportunity.

CryptoIndex like its peers aims to change how we access and manage crypto asset in terms of investments. There appears therefore to be viable potential behind the idea, more so because it helps less experienced investors an easy entry into the crypto market.

The use of an emerging technology; Artificial Intelligence lends an air of infallibility to the service and what remains to be seen is whether or Cryptoindex can stand the test of fire. With a moderately sized community at this early stage and a strong marketing front; not to mention a seemingly robust, experienced and capable team, there seems to be good promise for the budding startup.

This project was also cited in the Top ICOs of Q4 2018: http://tokeninvestoronline.com/icos-you-cant-miss-in-q4-2018/

Contacts

Website: https://cryptoindex.io/

Bitcointalk: https://bitcointalk.org/index.php?topic=4688321.0

Medium: https://medium.com/@cryptoindex

Twitter: https://twitter.com/indexcrypto

Facebook: https://www.facebook.com/CryptoIndex-145319622953017/

Youtube: https://www.youtube.com/channel/UCSak73cyWGpjS2thkrIjzVg

Github: https://github.com/cryptoindexAI/smart-contract

Reddit: https://www.reddit.com/r/CryptoIndex_io/

by Md Jamal Molla

 

Rating

7.6

PLAN

6.0/10

TEAM

8.0/10

MARKETING

8.0/10

MARKET GROWTH

9.0/10

COMPETITORS

7.0/10

Pros

  • Strong technology outlay backed by a skilled team
  • Strong marketing with the clarity of ideas

Cons

  • High level of competition
  • Unrealistic capitalization of tokens
  • Unclear token allocation and distribution of funds

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