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, ) of the capital into each of the following tokens (the initial constituents):
The Index at time t, , is calculated as follows: where 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
PIG: Gate, MXC
SAFEMOON: Gate, MXC
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.