PLT (Platform Index Token)
Overview
The PLT (Platform Index Token) is a capitalization-weighted index that tracks the performance of some of the largest L1 blockchain tokens in the digital asset space.
Contracts | Address |
PLT (Platform Index Token) |
Methodology
BNB 25%
ETH 22%
USDT 13%
ADA 10%
MATIC 10%
XRP 10%
DOT 10%
Tokens would be added at removed according to the market conditions and during the determination phase.
Platform tokens would be selected from the top 100 tokens by market cap. No platform token would have more than 25% weightage at the reconstitution phase or less than 5%. If any token has a weightage exceeding 25%, the excess would be equally distributed among the remaining tokens within the index.
Maintenance
The Platform Index Token is maintained quarterly (in January, April, July, and October) in two phases:
Determination Phase
The determination phase takes place a week before the rebalancing. It is the phase when the changes needed for the next reconstitution are determined.
Reconstitution Phase
In this phase, the index components are adjusted, added, and deleted as per the instructions published after the end of the determination phase. New index weights, additions, and deletions are incorporated into the index during the monthly reconstitution, which will take place on the first business day of the month.
Fees
Streaming fee: 0.95%
Mint fee: 0%
Redeem fee: 0%
Risks
The digital asset in question is susceptible to several risk factors, including but not limited to:
Technical Vulnerabilities: The potential for complete or partial loss of digital assets resulting from technical breaches, exploits, or failures that could occur at the protocol or smart contract level within the product's infrastructure.
Regulatory Constraints: The possibility of regulatory authorities in the end user's region imposing restrictions on the use or possession of digital assets, thereby affecting their accessibility and value.
Centralized Providers' Decisions: The risk of losing digital assets or access to them due to determinations made by centralized providers of the underlying assets, which may not always align with the interests of the asset holders.
Market Conditions: The chance of full or partial loss of digital assets stemming from the standard operations of the product, which can be impeded by unforeseen market fluctuations and conditions.
Protocol-Induced Changes: Exposure to the risk of complete or partial loss of digital assets due to alterations made to the underlying product assets by the originating protocols.
Market-Related Risks: Vulnerability to full or partial loss of digital assets resulting from factors such as volatility, correlation, value at risk, and contagion risks in the digital asset market.
Methodology Deviation: The potential for digital assets to underperform due to deviations from their intended methodology or objectives.
Underlying Token Volatility: The risk associated with the fluctuating value and volatility of the underlying tokens supporting the digital asset.
It is imperative for potential investors or users to be cognizant of these risk factors and exercise due diligence when engaging with this digital asset.
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