AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights:
- ClearDAO (CLH) is a community-driven protocol for creating custom derivative products.
- CLH’s current market capitalization is US$1.11 million.
- It launched ClearIndex on June 30 to track the crypto and NFT market.
The ClearDAO (CLH) token surged more than 37% on Thursday ahead of its “airdrop” event to celebrate the launch of ClearIndex, a platform to track crypto and NFT market, on June 30.
The token was priced at US$0.01018, up 37.57%, at 4:04 am ET.
ClearDAO will organize the airdrop of the CLH tokens at 16:00 UTC on July 13. Each of the 50 selected participants will receive 1000 CLH tokens.
On June 30, ClearIndex released the first batch of five NFT series for ClearDAO users and DeFi builders. The NFT series include CryptoPunks Index, BAYC Index, Clone X Index, NFT World Index, and Loot Index. Let us understand more about ClearIndex and ClearDAO.
What is ClearIndex?
Last year, ClearDAO introduced an index to track public chains like BTC, ETH, and DOT. The protocol has since been working on designing indices that can track the entire crypto market.
ClearIndex is a step forward in this direction. The platform is intended to track the crypto and NFT market by indexing various assets. It has also laid out different criteria to create indices which investors can easily access to analyze crypto assets.
The platform has devised a value-weighting mechanism for index creation. It took historical prices of NFTs from Opensea smart contract and used them to obtain the intrinsic value.
The values of all collectibles were then used to form the index level for the NFT series. ClearIndex, therefore, is a data interface used by index-based derivatives where DeFi users have wider investment choices.
Image Source: ©Kalkine Media®; © Garis Studio via Canva.com
What is ClearDAO?
ClearDAO is a community-driven protocol for creating custom derivative products. Its leading product is a software development kit (SDK) for developers to customize derivative contracts.
The SDK contains templates and tools to create derivatives, including options, futures, swaps, notes, and a marketplace for trading these products.
CLH token:
The CLH token is available for trading on the crypto exchange, such as KuCoin, Gate.io, ZT, LATOKEN, etc. Its current market capitalization is US$1.11 million, with a circulating supply of 109.4 CLH. The total supply of CLH is 525 million.
In the backdrop of the ClearIndex launch and the upcoming reward event, the token’s 24 hours trading volume surged 1790.12% early Thursday morning.
Bottom line:
The crypto market is going through a rough phase and has fallen around 58% YTD. It is not a regulated space, and investors must apply caution before investing in digital assets.
Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instruments or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.
