Model: Mao Hanada

Emerging Coin Index (ECI) Coalition The First & Only Emerging Coin Index, brought to you by The Bitcoin RM Team Official Announcement Official Website

Join Emerging Coin Index Coalition Today

• The Bitcoin RM team is creating an Emerging Coin Index (ECI) coalition with 30 emerging alt coins, including Bitcoin RM itself
• ECI-30 (ECI for short) is an equal weighted basket of 30 emerging alt coins
• Membership fee waived for first year. For subsequent years, it is 100 BCRM / year

Requirements

• You must be a core team member representing your Alt coin
• Your coin must be tracked by CoinGecko
• Your coin can be either PoW or PoS or PoW+PoS. No tokens. No derivative coins dependent on another coin's blockchain
• Your coin must support RPC connections
• You must hold at least 100000 of your coin that you are willing to sell
• You must support advocacy for ECI. We will petition Exchanges and other companies together for recognition, promote ourselves and serve the best interests of our community together as a coalition

Initial Goals

• BCRM Team will publish daily prices for ECI and make the data available for free
• BCRM Team will manage the Index, as an equal weighted basket of 30 Alt coins (including BCRM)
• Initially, BCRM Team will sell the basket units on its website. To fulfill purchase orders, each of the 30 Alt coin teams will send their alt coin directly to customers
• The ECI Coalition will petition Exchanges such as Raisex and Bakkt to list basket units under symbol: ECI against BTC. That is, ECI/BTC
• The ECI Coalition will market the basket units to instiutional investors
• ECI is an excellent way of investing in a basket of 30 alt coins with one single commission
• ECI is not suitable for day trading. Initially, only market orders will be supported for buying/selling ECI
• ECI will issue buy/sell ratings on crypto currencies (not ECI or any of the member coins), based on member votes. For examples, members can issue Strong Sell on Zcash coin based on member votes
• All buy/sell ratings will be available for free

Future Goals

• Enable 2-of-2 multi sig for each Alt coin sold as part of ECI
• Enable time locked ECI units
• Customers can buy and sell ECI directly on Exchanges
• The Coalition will collectively decide whether or not to pay listing fees to any Exchanges to list ECI. If we decide to pay listing fees, all 30 coin teams will share the listing costs equally
• If it is necessary to maintain an inventory of all 30 coins for seemless trading on Exchanges, The Bitcoin RM Team will maintain such an inventory for the first year. For subsequent years, coin teams will elect one coin team as the inventory custodian
• It is very unlikely that we must maintain an inventory because we will make sure all coins in ECI support RPC connections. That way, Exchange should process buy/sell orders directly by making RPC calls to each coin's node

How to apply?

Fill the form below and submit it.

Click here to send us a message

We will review all the information and then approve or deny your application for ECI
If you have any questions, please contact cofounder Raphael at: