# Meme Index

The 1st crypto meme index

# Meme Index

The meme index tracks the MTM (mark-to-market) of a virtual portfolio invested in N meme coins. The portfolio starts with 100USDT at the genesis time (t0) and invests w (the equal initial weight for every constituent, $w=\frac{1}{N}$) of the capital into each of the following tokens (the initial constituents): DOGE SHIB ELON LOWB PIG SAFEMOON MONA

The Index at time t, $I(t)$, is calculated as follows: $I(t)=100\sum_{i=1}^{N}\frac{P_i(t)w}{P_i(t_0)}$ where $P_i(t)$ is the price of the ith constituent at time t, compiled from the selected exchanges with the oracle algorithm.

Pricing sources (regularly updated to track the prices with the best liquidity): DOGE: Binance, Huobi, OKEX, Gate SHIB: Binance, Huobi, OKEX, Gate ELON: Poloniex LOWB: Gate PIG: Gate, MXC SAFEMOON: Gate, MXC MONA: Bittrex

Reconstitution The portfolio will be reviewed and reconstituted monthly if necessary. Reconstitution takes place at 00:00 UTC on the first day of a month. Any reconstitution will be announced at least several days ahead. However, a principle of the index is we should try to keep the constituents as stable as possible.