Alongside Crypto Market Index (AMKT)

IEO

Last updated: Jan 19, 2023

Alongside is a community that builds on-chain index products, such as the AMKT Crypto Index designed to enable broad-based and thematic exposure to crypto-asset markets.

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Overview

Project industry	Trading & Investing / Ethereum Ecosystem
Product type	Protocol
Founded	United States
Whitepaper	Open

What is Alongside Crypto Market Index

The Alongside Crypto Market Network is pioneering on-chain broad-based indexes for the crypto ecosystem: AMKT, a single asset that tracks and benchmarks the cryptoasset market.

This is achieved by creating a fully redeemable ERC-20 token (index token) that is backed with in-kind assets included in the index. Much like wBTC, which is backed with Bitcoin collateral held by a trusted third-party custodian, the Alongside Crypto Market Index ($AMKT) is fully collateralized by the index’s constituents.

The aims to bring this index philosophy to crypto-asset markets - a single token enabling anyone to “buy the market” instead of attempting to trade in and out of assets, read and analyze every whitepaper, sit in every Discord server, and stay on top of every new market trend

Holders first - We aim to make our products as capital efficient as possible, enabling you to save on fees.
Accessibility - Our indexes should be available everywhere at their fair intrinsic value.

The AMKT Token represents a basket of digital assets designed to track the market capitalization of the cryptoasset market. AMKT is the first of a new class of indexes deployed on-chain.