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Eligibility Requirements

AMKT is designed to mirror the cryptoasset market as closely as possible.
Outlined in the section below are the eligibility requirements for inclusion in AMKT - only assets which meet these requirements can be added to the Alongside network.

Crypto Asset Eligibility Requirements

Tokens must meet the following legibility factors to be considered for inclusion.
  1. 1.
    Custodial Support - Must have a secure institutional custody solution by a licensed and reputable service provider to facilitate the implementation of the index. Asset maturity on this platform must be >30 days. This ensures an asset selection pool with enough market maturity supported by a custodian’s vetting process, generally evaluating both security and legal risks, as well as liquidity depth.
  2. 2.
    Free-Floating Price - Must not be pegged to the value of any asset. This includes fiat collateral, reserves, algorithmic pegging, and other collateral reserves.
    This prevents redundancy and over-representation of certain digital assets (e.g., BTC & WBTC, WETH & ETH, USDC, etc.).
  3. 3.
    Exchange Support - Must be traded on multiple credible exchange/trading venues. Asset maturity on supported trading venues must be >30 days.
    This ensures smooth trading and liquidity during the issuance and redemption of the constituents, which helps facilitate token liquidity.
  4. 4.
    Security and Vulnerabilities - Must have no known vulnerabilities and must meet the industry standard for security, as determined by the DAO.
    This ensures token holders are not knowingly exposed to critical bugs.
  5. 5.
    Legal Considerations – An asset cannot be found to be in violation of law following a judicial or other final government proceeding, either in the jurisdiction in which the asset was issued, or a jurisdiction where a relevant party in the AMKT network is located.