My years spent on this forum have been a big catalyst for my interest in crypto, so I am excited this is one of the first places I get to share this project.
Maha Digital Core Index is a market cap weighted index I've created that is designed to serve as a benchmark for investment return in crypto markets. While there are a bunch of price aggregators out there, I feel that there is still a gap in services that actually track the market as a whole. Total market cap really isn't a good measure for traders or investors, since that number includes tons of inflation from mining and new coins that have been created out of thin air. While there have been a few attempts at such an index, most are either based off of arbitrary weightings, include only a few coins, or provide limited (daily) data.
This project aims to solve all these problems. Currently, the index tracks the performance of 57 coins and is re-balanced every 5 minutes from live price data. This accounts for changes in price and circulating supply, meaning any mining activities, newly minted coins, or new additions to the index won't affect the index value. Essentially, the index shows you exactly what your return would be if you invested evenly across crypto markets based on each coin's total market capitalization.
While I only recently hooked it up to live data, it has 5 years of historical data based on the same objective market cap weighted investment methodology, so there is no selection bias in terms of historical return either.
I've put a lot of work into this project, and I would really appreciate any feedback to help improve it. As a little warning, I am not a web developer, nor do I have any coding background, so please go easy on me in terms of the presentation
I am posting this in the Securities section because I have seen a few people here ask about the possibility of a crypto "mutual fund". Ultimately, that is what we are building this index towards, and I would also like to gauge interest in a product like that.
More information is available on our website: https://www.mahaadvisors.com/index
Maha Digital Core Index is a market cap weighted index I've created that is designed to serve as a benchmark for investment return in crypto markets. While there are a bunch of price aggregators out there, I feel that there is still a gap in services that actually track the market as a whole. Total market cap really isn't a good measure for traders or investors, since that number includes tons of inflation from mining and new coins that have been created out of thin air. While there have been a few attempts at such an index, most are either based off of arbitrary weightings, include only a few coins, or provide limited (daily) data.
This project aims to solve all these problems. Currently, the index tracks the performance of 57 coins and is re-balanced every 5 minutes from live price data. This accounts for changes in price and circulating supply, meaning any mining activities, newly minted coins, or new additions to the index won't affect the index value. Essentially, the index shows you exactly what your return would be if you invested evenly across crypto markets based on each coin's total market capitalization.
While I only recently hooked it up to live data, it has 5 years of historical data based on the same objective market cap weighted investment methodology, so there is no selection bias in terms of historical return either.
I've put a lot of work into this project, and I would really appreciate any feedback to help improve it. As a little warning, I am not a web developer, nor do I have any coding background, so please go easy on me in terms of the presentation
I am posting this in the Securities section because I have seen a few people here ask about the possibility of a crypto "mutual fund". Ultimately, that is what we are building this index towards, and I would also like to gauge interest in a product like that.
More information is available on our website: https://www.mahaadvisors.com/index