International Information Development Organization releases GCAI Index

October 02 20:45 2019

The world’s three major stock indexes have all set a new record in the near future. Among them, the S&P 500 index has broken through 3,000 integer points, reaching a maximum of 3017.8 points. Even J.P Morgan raised its 2019 S&P 500 index from the original 3,000 to 3,200.

According to the analysis of financial comments such as CNBC, Reuters, and Bloomberg, it is pointed out that this may be related to the fact that most Fed officials support monetary easing policy and related to high-interest rate cuts expectations.

Nowadays, the profitability of traditional asset allocation tools such as the stock market, property market, and bonds are not as good as before. What is the “core asset” with investment value under the expectation of monetary easing policy?

The Global Crypto Assets Index (referred to as the GCAI Index) was officially published by the International Development Information Organization-Devnet on September 29th, 2019.

Seven billion people across the world would enter into a brand-new intelligence age with the opening data expressway construction.

The International Development Information Organization is a non-governmental, non-profit global organization that has been granted special consultative status by the UN Economic and Social Council. It aims to strengthen trade ties between developing and developed countries, advancing technology transfer, economic cooperation, and international cultural exchanges. That is how we can do to encourage developing countries to participate in regional and international economic activities.

The International Information Development Organization was granted special consultative status by the United Nations Economic and Social Council (UN ECOSOC) under the resolution of the UN Economic and Social Council. In accordance with Economic and Social Council resolution 1996/31, non-governmental organizations in consultative status are entitled to the following rights: 1. Set organizations in and assign permanent representatives to New York, Geneva, Vienna; 2. The NGOs could get conference agenda of the UN ECOSOC and its subsidiary bodies, and could assign authorized representatives to attend meetings of the Council and its subsidiary bodies as observers; they could also present written statements related to the work of the UN ECOSOC on subjects they are good at, which will be delivered to the Council’s member states by the Secretary-General; 3. NGOs can apply to participate in the relevant international conferences convened by the United Nations and its preparatory meetings and can make short statements and submit written reports; 4. They are commissioned by the UN ECOSOC to research, investigate, or write concrete documents.

The main functions of the International Information Development Organization are: to push forward the sustainable development of mankind under the framework of the UN Millennium Development Goals and the 2030 Sustainable Development Goals; to develop a culture of equal rights and opportunities by cultivating the new capabilities for the vulnerable groups; to promote gender equality, empower women and youth to eradicate poverty and strengthen democratic governance; to enhance the competitiveness of enterprises, to assist the development of various sectors, and to raise public awareness of social and environmental accountability through the application of ICTs; to improve economic integration for both developing and developed world; to build international partnership networks to form a network-integrated society for developing countries to promote cultural, economic and trade development; and to encourage sustainable development in all regions of the world.

The GCAI Index is designed to track the performance of the world’s largest and most liquid data asset market. The GCAI Index is a market capitalization weighting measure of the performance of data assets in a variety of transactions, including BTC, Ethereum, Ripple, and extra. The GCAI Index component is diverse across different categories of data assets, including value storage, exchange media, smart contract agreements, and privacy assets. The creation of the GCAI Index marks an important step in the development of data asset space, providing investors with diversified investment opportunities and with an independent standard index.

The GCAI Index has brought unprecedented transparency to the data asset market. The mainstream data asset investors are pleased to improve the industry’s self-discipline, stabilize the currency, increase the weight of the retail investors, and preserve the value of the investment by creating the GCAI Index.

At present, the GCAI Index adds its index banking function to its platform, aiming at strategic researching, quantitative hedging, evaluating developer activities and transacting data for mainstream data coins, mainstream data assets, and mainstream platform coins. The index bank accepts trusteeship, conversion, keeping value and appreciation between three mainstream currencies: Bitcoin, Ethereum, Ripple, and three major platform currencies BNB, OKB, and HT at the primary stage.

The GCAI Index will be the most comprehensive data asset product in the market, containing the top 200 data currencies in the market, covering more than 90% of the world’s data currencies. The GCAI Index will be more understandable, so as to make the data more accessible, and to strengthen its substantive meaning in stabilizing its price.

Pricing data for the GCAI Index is provided by Global Crypto Digital Assets Guild, Global Crypto Assets Institute (gcai.us), and the market value of each data currency is calculated as “price multiplied by liquidity.”

It is understood that the GCAI Index has partnered with Global Crypto Assets Application Co., Limited, a Hong Kong-based financial index provider, to jointly calculate and manage the GCAI Index and adjust its weight in real-time according to market conditions. Price data will be provided by Global Crypto Assets and Applied Research Institutions.

By adopting the data of the GCAI Index, index bank would provide users with solutions over trusteeship and conversion for mainstream currency to ensure the self-discipline of the industry, promote the stability of currency prices, increase the weight of retail investors, and preserve and increase the value of the investment.

Investors still have demands on data asset financial services, no matter in a bull market or bear market, but the data asset allocation combinations are different in different periods. The GCAI Index strategy provides a passive and diversified risk exposure for the growth of the data asset market.

What is the GCAI Index?

In 2009, Bitcoin was born and attracted much attention. Bitcoin, with its unique features such as decentralization, has updated people’s concept of money and once again triggered deep thinking about currency issues.

Due to a great variety of data assets and fluctuation of the price of some data assets, the concept of a data asset index, aiming at reflecting changes in the price of data assets more accurately. It targets to provide a suitable market reference indicator and strategy for the majority of data asset market participants.

The necessity of creating GCAI Index

As a new type of asset, data assets, on the one hand, are deeply integrated with the financial market in the early stage of development, and there are investment products that are easy to access and have good liquidity, thus becoming a tool for many people to configure assets. On the other hand, due to the ICO, many blockchain enterprises (projects) financing directly through data assets, such as Ethereum, in this way, data assets have become a wind vane for the development of blockchain industry.

With the rapid development of the entire industry, the increasing variety of data assets, and the frequently and dramatically changes of prices, helping the general investors understand the overall development trend of data asset investment, and helping policymakers and industry participants to quickly understand the direction of the industry has gradually become a gradual problem.

The International Information Development Organization hopes to solve the above problems by scientifically compiling the GCAI Index and by referring to solutions of the traditional financial market index issues in ways that reflect economic growth trend of data assets and blockchain industry. By doing so, it could be a valuable reference for the whole industry, and thus to strengthen industry self-discipline, promote the stability of currency prices, increase the weight of retail investors, and preserve and increase the value of the investment.

GCAI Index definition

The GCAI Index is a weighted comprehensive price index that reflects the overall trend of the global data asset market by using the typical and common sampling data assets as the calculation range and using the circulation as the weight.

In accordance with international practice to adjust the basic principles of constituent stocks, the International Organization for the Development of Information (IOS) developed scientific standards and a sample of step-by-step data assets, and to determine the finalist data assets according to the time of marketing, market size, liquidity, stability and other factors, and then combine the following factors to determine the selected sample:

(1) Market capitalization and turnover;

(2) Representation and its scope of influence;

(3) Market size;

(4) Technical reliability;

(5) Stability and other characteristics;

Calculation method

The GCAI Index is a weighted composite price index calculated by a dispatch formula that is weighted by the issue period.

GCAI Index value = pre-correction benchmark index × (pre-corrected market capitalization + market capitalization change) / pre-corrected market capitalization.

Market capitalization = ∑ (market price × circulation)

The GCAI Index Base Date is September 1, 2019

Correction method

When there is a change in the total market value of non-trading factors, the originally fixed divisor is corrected by the “divisor correction method” to maintain the continuity of the index.

According to the actual situation of the data assets, the following circumstances will be corrected:

(1) New data assets are included in the index;

(2) Data asset exit index;

(3) Abnormal increase or burning of data assets;

(4) Daily currency adjustment;

(5) Generate new prices;

Bringing into new data assets:

The next day of the listing of the new currency will be included in the index, which means, it will not be included in the index on the same day of listing, and the index is revised after the closing. The correction method is the total market value of the day + the issuance of the new currency × the market price of the issue

Data asset exit index:

The data asset is revised before the delisting date. The revised method is the total market value of the day – the issuance of the delisted data assets × the market price

Natural mining adjustment:

Given the particularity of data assets, their total currency is generally changing at all times. The index will also introduce changes in the amount of currency, which are included in days.

Use value:

The introduction of the GCAI Index will play a direct role in the asset allocation of the global data asset industry, which will help external investors, especially those who belong to other industries, to judge the overall direction of the global data asset industry. So as to strengthen industry self-discipline, promote the stability of currency prices, increase the weight of retail investors, and preserve and increase the value of the investment.

Media Contact
Company Name: International Development Information Organization – Denver
Contact Person: John Su
Email: Send Email
Country: United States
Website: www.devnet-shanghai.org

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