IC15: Cryptowire has launched the India’s first cryptocurrency index IC15.

The cryptocurrency business is growing rapidly worldwide. Cryptocurrency is also attracting a lot of people in India.

In view of the growing investment in crypto, the crypto super app Cryptowire has launched the country’s first cryptocurrency index IC15.

The IC15 index will track the major cryptocurrencies traded on major crypto exchanges around the world. For this, a committee (Index Governance Committee) consisting of traders, domain experts, and academics has been set up. This committee will select the top 15 cryptocurrencies and gather in-depth information about them.

How will the crypto index IC15 work?
The IC15 index includes popular cryptocurrencies such as Bitcoin, Ethereum, XRP, Litecoin, Binance Coin, Solana, Terra, and ChainLink. The Index Governance Committee will first select the top 400 coins in terms of market capitalization. Of these, the top 15 coins will then be selected.

Strict rules for currency selection:
To be included in the list of 400 coins, cryptocurrency must have at least a 90% turnover. Also, it should be ranked in the top 100 currencies in terms of trading value. Eligible cryptocurrencies must also be in the top 50 in terms of market capitalization. The committee will then select the top 15 cryptocurrencies. The base price of the index has been fixed at Rs 10,000 and the base date is April 1, 2018.

A closer look at the crypto market:
The IC15 index will monitor more than 80 percent of the crypto market. The real situation will be put before the investors after reviewing all the aspects of the market. This will increase transparency. The crypto currency committee will review the top 400 coins each quarter.

This will help crypto investors:
Jigish Songara, managing director of Cryptowire, says the launch of IC15 is aimed at providing a platform for investors to learn. This will not only increase the investors’ knowledge of the crypto market but also help them achieve their business objectives. IC 15 will promote transparency in this business. The investor will get accurate and precise information. This will help reduce the risk.

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