Introduction to the INDEX Token

Whether you are an $INDEX holder today, or are considering participating in the Index Coop community for the first time, this basic overview is designed to help you understand how $INDEX functions within the Index Coop community. Let’s go!

A community member’s voting power is determined by the number of $INDEX tokens they hold. Each $INDEX token represents a vote; so the more $INDEX you hold, the more voting power you have.

This is similar to how traditional finance asset managers, such as Fidelity and BlackRock, hold shares in public companies. Unlike the traditional finance asset managers, the Index Coop is decentralized so the voting power is delegated to the community.

The $INDEX token has a max supply of 10,000,000 units and follows a 3-year vesting schedule.

70% of the total supply is reserved for the community, and the remaining 30% has been allocated to the DeFi Pulse and Set Protocol teams. The specific distribution breakdown is listed below:

At the time of this writing, about 17% of the total supply has been released. Inflationary issuance is delegated toward liquidity mining, the methodologist program, and community rewards, with the remainder accruing directly to the community treasury.

You can acquire $INDEX in three different ways:

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