What is AMKT?
AMKT is the first on-chain broad-based index for the crypto ecosystem - a single asset that tracks and benchmarks the crypto asset market. The ERC-20 (index) token developed by the Alongside DAO and is backed with in-kind assets included in the index and it represents a basket of 25 digital assets designed to track the market capitalization of crypto.
Professionals in finance have long tried to sell us the story that they know something we do not. They tell us markets are sophisticated and complex, so we should pay them hefty fees to manage our money for us. They tell us the secret to outperformance requires an army of analysts, mathematicians, alternative data, and millions of dollars of infrastructure to position trades. However, thanks to indexes, getting a high-performance return on your investment does not need to be this complicated.
Building on the concept Batterymarch first introduced to pensions in 1971, Vanguard brought low-cost index products to the masses, democratizing sound long-term investing with no-load funds that track a benchmark. If you were a teacher or a janitor that dollar cost averaged into an index fund that tracked the S&P500 throughout your career, you will have likely outperformed the majority of hedge fund managers.
For decades, broad-based index funds have helped level the playing field for regular investors, offering a simple, passive vehicle enabling exposure to a diversified basket of assets without the hassle of having to actively manage a portfolio. They have saved everyday investors tens of billions in fees and offered a simpler path to managing wealth for millions of people.
The Alongside Crypto Market Index ($AMKT) aims to bring this index philosophy to crypto-asset markets - a single token enabling anyone to “buy the market” instead of attempting to read and analyze every whitepaper, sit in every Discord server, and stay on top of every new market trend.
We believe in:
Much like how the S&P 500 brought liberated the equities markets through broad-based indexes, we are translating this very same philosophy over to crypto by harnessing the unique benefits of programmable tokens on the blockchain to deploy our indexes.
Read more about AMKT Crypto Index.