Compass Crypto Basket Smart Contract Platforms Index

The Compass Crypto Basket Smart Contract Platforms Index is a diversified digital asset index designed with the objective of offering a broad exposure to cryptoassets linked to Smart Contract Platforms, while capping each component exposure to 30%. Weightings are based on liquidity and market capitalization. Smart contracts are contracts coded on a blockchain that allow execution of one or several clauses, defined in the code, when conditions are met. The innovation here is that, thanks to the blockchain, these processes are autonomous and don’t require a third party to certify or validate anything. Smart contract platforms are the entities that enable users to code and execute these new generation of contracts. Smart contracts are at the heart of the major crypto projects. The Index is to be composed of the 10 most representative and liquid cryptoassets related to the Smart Contracts sector. As a first step, cryptoassets classified as ”Smart Contract Platform” by CoinGecko have been selected. Then, a study was done on each preselected cryptoasset in order to finally determine the eligible coins based on their legitimacy regarding this sector, as well as the reliability and strength of the projects.