India's 3.0 verse Launches First Global Index of Ethereum Ecosystem - eth15 - for UAE and Other Global Markets

• eth15 comprises Top 15 coins (or Tokens) on the Ethereum platform in terms of market capitalization and liquidity

• As on 15 November 2022, The Ethereum Ecosystem Benchmark “eth15” stands at 10659 Points
   

3.0 verse Ltd., a subsidiary of Ticker Ltd., provides multi-market trade routing platform to users in domestic and global markets along with knowledge and education facilities through 3.0 wire, 3.0 university and 3.0 tv. The 3.0 verse, which is a Global Super App for digital asset universe, offering knowledge, awareness, information, and data platform for blockchain, metaverse and digital assets to its user and aids in informed investing/trading decision making, today announced the launch of its most awaited index of Ethereum Ecosystem - eth15.
 

Mr. Joseph Massey, MD & CEO, 3.0 verse
 

The eth15 is a broad-based index by market capitalization representing Ethereum - the second largest blockchain with more than 3000 coins. The Base Value of the index is set at 10,000 with its Base Date as July 1, 2022 and rebalanced every quarter.

The eth15, which is the second market benchmark index after IC15 from 3.0 verse Ltd., which was launched on January 3, 2022. In line with the market benchmark index IC15, eth15 is a transparent and rule-based index which is maintained, monitored, and administered by its Index Governance Committee comprising of industry experts, academicians, and ex-regulators.

Over the past years, the blockchain has been the basic facilitating framework for plenty of use-cases, mostly represented by coins. The advantages derived through smart contracts and decentralised application without downtime, fraud, control, or interference from a third party. The eth15, the index of Ethereum Ecosystem, is designed for tracking the market fundamentals and expected to be a lead indicator for economic value added to the global economy. Ether15 has been designed with the objective of:
 

• Being the true benchmark and a mirror of the underlying crypto market - a barometer of the industry in a sense, with a diversified representation of overall market sentiments.

• Presenting an easy solution to follow for having a diversified portfolio.

• Acting as a performance benchmark for fund managers.

• Facilitating accurate replication of the index and be the preferred index for creation of index linked products like index funds, ETFs, etc.

• Uniquely positioning the index for efficient derivatives trading in the cryptocurrency trading marketplace.

“With the launch of the most coveted index from the 3.0 verse, eth15, we intend to reiterate our continued commitment for enhancing the crypto and blockchain ecosystem decision making based on the updated, unbiased, and upright global knowledge. We want all global participants to utilize, to the fullest, this research-oriented, technology-powered opportunity that we present to them for tracking the market. 3.0 verse is positioned to partner with industry stakeholders to help them taking informed decision based on knowledge, research, and information. eth15 is another step towards this goal. The resilience of this ether index is also seen in a recent Ethereum merger event during the second week of September 2022; while this index was down by nearly 17% compared with 30% fall in Ethereum coin. Another interesting feature of the index is being very well diversified as no single coin is having a dominating weight,” said Mr. Joseph Massey, MD & CEO, 3.0 verse.

For more information about 3.0 verse, visit www.3verse.in.