CoinMarketCap 20 Index DTF

CMC20 Price

About CoinMarketCap 20 Index DTF (CMC20)

The CoinMarketCap 20 Index DTF (CMC20) is a liquid index token powered by the Reserve protocol that provides diversified exposure to the top 20 non-pegged cryptocurrency projects by market capitalization.

• CMC20 functions as an RToken (Reserve Token), meaning it is 100% collateralized by the basket of digital assets it tracks.
• The index methodology excludes stablecoins, wrapped tokens, and assets with limited investability to provide a broad representation of the crypto market.
• Holders of the Reserve Rights (RSR) token govern the index basket and provide overcollateralization in exchange for a portion of the protocol's fees.

What Is CoinMarketCap 20 Index DTF

CoinMarketCap 20 Index DTF is a tradable, DeFi-native index token that allows users to gain exposure to a diversified portfolio of the most significant projects in the cryptocurrency space through a single asset. The token tracks the CoinMarketCap 20 Index, a benchmark designed to measure the performance of the top 20 projects by market capitalization.

Value moves through the system via the minting and redemption process on the Reserve protocol. Users can mint CMC20 by depositing the underlying basket of collateral assets or redeem their CMC20 tokens to receive the constituent assets. This mechanism ensures that the token remains liquid and closely follows the value of its underlying index. As the cryptocurrency ecosystem grows and the market capitalization of the constituent projects increases, the value of the CMC20 token scales accordingly.

What Makes CoinMarketCap 20 Index DTF Unique

• Strict Exclusion Criteria: Unlike generic indices, CMC20 explicitly excludes stablecoins (such as USDT) and pegged assets (such as WBTC or stETH) to focus on the performance of unique digital projects.
• Monthly Rebalancing: The index is rebalanced on the first day of every month at 12:00 AM UTC to ensure it accurately reflects the latest market capitalization rankings.
• Reserve Protocol Integration: Being built as an RToken, it benefits from the Reserve protocol's overcollateralization model, where RSR stakers act as a backstop to ensure the value of the index token remains secure.
• DeFi-Native Liquidity: As a liquid token on BNB Chain and Base, it can be easily traded or integrated into other decentralized finance applications.

What Can You Use CoinMarketCap 20 Index DTF for?

• Diversified Exposure: Investors can hold CMC20 to gain broad exposure to the top 20 cryptocurrency projects without needing to manage 20 individual assets.
• Portfolio Management: It serves as a statistical representation of the market, helping users benchmark their own investment performance against the broader digital asset landscape.
• Arbitrage and Liquidity: Professional traders can utilize the minting and redemption features to capitalize on price discrepancies between CMC20 and its underlying collateral basket.
• Governance Participation: While the index is powered by CoinMarketCap data, the specific basket configuration is governed by RSR stakers, allowing for community-led oversight of the DTF.

How Does CoinMarketCap 20 Index DTF Work?

CoinMarketCap 20 Index DTF operates using the smart contract architecture of the Reserve protocol. It is a market capitalization weighted index where the weights of the constituent assets are determined by their relative size in the market. The protocol charges an annualized TVL (Total Value Locked) fee of 0.3% and a 0.3% minting fee, which are used to incentivize RSR governors who secure the network.

The rebalancing process occurs monthly, during which the basket of collateral is updated to match the new rankings from CoinMarketCap. If an asset no longer meets the inclusion criteria, it is auctioned off by the protocol and replaced with a new constituent. Because CMC20 is an application utility token on its host networks, users must pay protocol service fees for transactions such as minting, redeeming, or transferring the token.

Team Info and Investors

The CoinMarketCap 20 Index DTF was created by ListaDAO and is powered by the Reserve protocol. The index data and methodology are provided by CoinMarketCap, one of the world's most referenced price-tracking websites for digital assets. The governance of the token is decentralized and handled by the global community of Reserve Rights (RSR) token holders, who vote on basket adjustments and protocol settings. Early backing and development for the underlying Reserve protocol include contributions from various engineers, legal staff, and compliance experts unified under the goal of building scalable stablecoin and index platforms.

Where can you buy CoinMarketCap 20 Index DTF?

CMC20 tokens can be traded on centralized crypto exchanges and decentralized exchanges. The most popular exchange to buy and trade CoinMarketCap 20 Index DTF is Azbit, where the most active trading pair CMC20/USDT has a trading volume of $1,006,564.58 in the last 24 hours. Other popular options include PancakeSwap V3 (BSC) and Uniswap V3 (Base).

What is the daily trading volume of CoinMarketCap 20 Index DTF (CMC20)?

The trading volume of CoinMarketCap 20 Index DTF (CMC20) is $1,656,676.91 in the last 24 hours, representing a 229.50% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for CoinMarketCap 20 Index DTF (CMC20)?

CoinMarketCap 20 Index DTF (CMC20) reached an all-time high of $205.92 and an all-time low of $117.71. It’s now trading -37.10% below that peak and 10.00% above its lowest price.

What is the market cap of CoinMarketCap 20 Index DTF (CMC20)?

Market capitalization of CoinMarketCap 20 Index DTF (CMC20) is $6,169,781 and is ranked #1422 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of CMC20 tokens (48 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of CoinMarketCap 20 Index DTF (CMC20)?

The fully diluted valuation (FDV) of CoinMarketCap 20 Index DTF (CMC20) is $6,169,781. This is a statistical representation of the maximum market cap, assuming total number of 48 Thousand ETH tokens are in circulation today.

How does the price performance of CoinMarketCap 20 Index DTF compare against its peers?

With a price increase of 0.50% in the last 7 days, CoinMarketCap 20 Index DTF (CMC20) is outperforming the global cryptocurrency market which is up 0.20%, while outperforming when compared to similar BNB Chain Ecosystem cryptocurrencies which are up 0.00%.

How to add CoinMarketCap 20 Index DTF (CMC20) to MetaMask?

Adding CoinMarketCap 20 Index DTF (CMC20) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import CMC20 as a token. You can copy CMC20’s contract address (0x2f8a339b5889ffac4c5a956787cda593b3c36867) and import it manually, or if you've installed MetaMask's chrome extension, add CMC20 to MetaMask with one click on CoinGecko.

Add CMC20 to MetaMask.