JJO35 is an index of the top 35 cryptocurrencies by market capitalization. It serves as the basis for our product.
This index is based on the principles of the CCi30 index launched in 2017 by a group of independent mathematicians led by Carlo Scevola, an economist and president of CS&R, and Igor Rivin, a mathematics professor at Temple and Regis University.
JJO35 tracks the top 35 cryptocurrencies by market capitalization. Every 30 days, it automatically buys the leading coins and sells those that leave this ranking. This happens regardless of the chosen type of rebalancing, as the index always follows the current "top-list" of cryptocurrencies.
The maximum weight of one asset is limited to 28%, which allows for optimal balancing of the index and the assets included in it, taking into account the peculiarities of the cryptocurrency market.
For example, the combined share of the top two assets, BTC and ETH, may exceed 70% of the total market capitalization, which reduces the efficiency of the index.
The minimum weight is limited to 1% to align assets with a share of less than 1% in the portfolio to this minimum threshold. This allows for a more fair distribution of assets, diversifying risks and increasing the performance of the index.
The type of rebalancing - in this index, the "periodic" type of rebalancing is used. You can read more about this type of rebalancing in the article "Rebalancing: what it means?".
The index rebalancing period is 30 days.
The minimum investment amount for the JJO35 index is dynamic and changes depending on the market situation and minimum purchase limits for cryptocurrencies on the exchange chosen by the user for the connection.
The index does not include stablecoins and wrapped assets.