Alongside Crypto Market Index
Crypto Overview
Purpose and Utility
AMKT is an index token that tracks a basket of cryptocurrencies, providing exposure to the broader crypto market through a single token. The index is rebalanced monthly based on market capitalization and other factors. Alongside aims to offer a simplified way for investors to gain diversified crypto exposure without managing multiple positions.
Business Model
The token operates as a cryptocurrency index fund, with Alongside charging a 0.85% annual management fee. The underlying assets are held in smart contracts, and the process is automated and transparent. The business model does not involve interest-bearing activities or prohibited industries.
Real-World Adoption
AMKT launched in late 2023 and has gained some traction among institutional and retail investors looking for diversified crypto exposure. The token is actively traded on decentralized exchanges and has maintained consistent trading volume.
Platform Development
Alongside maintains active development of their index protocol, regularly updating their methodology and smart contracts. The platform provides transparent documentation of their index calculation and rebalancing processes.
Token Distribution
The token distribution appears fair, with no excessive allocation to founders or early investors. The index token is minted and burned based on market demand through a transparent process.
Crypto Impact
To assign a comfort level investing in Alongside Crypto Market Index from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Alongside Crypto Market Index.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.