Post
Topic
Board Announcements (Altcoins)
Re: [ANN] ICONOMI - Fund Management Platform
by
ruletheworld
on 29/10/2016, 23:13:56 UTC
Instead of regular monthly - in this case November's ICONOMI Cryptocurrencies Index (ICNX) update and rebalancing - Bitcoin rally triggered an immediate rebalancing on 27 October 2016.

Check out the index here:  https://icnx.iconomi.net and our latest blogpost here: https://medium.com/iconominet/iconomi-cryptocurrencies-index-icnx-27-october-2016-triggered-rebalancing-fa561d5ba298

What criteria are being used to determine "immediate rebalancing"? Since the index fund doesn't trade yet, it is ok to do this kinds of actions, but rebalancing without warning is a strict no-no once the actual index launches. Otherwise people will quickly lose trust in the index. I hope the ICONOMI team realizes this. The market should always get a heads up on when and how rebalancing takes place. Look up how stocks get added to S&P500 as a reference.