Our Jigsaw challenge will start from today. Participate! The top answers will get rewarded with 11,000 UN, currently valued at Ø15 or $42!
🧩Jigsaw Challenge 1: Index
In the context of the stock market, an index is a tool used to represent the performance of the whole or a part of the stock market. It is calculated from the prices or market capitalizations of selected stocks (typically a weighted average). Examples of well-known stock market indices include the S&P 500, the Dow Jones Industrial Average, the Nasdaq Composite Index, and the Russell 2000. Indices provide a benchmark for individual stocks and funds to truly judge their performance against the performance of the entire market or a market segment.
In the Web3 Industry, UNIT wants the index idea to become better than ever. Instead of letting a small group pick cryptocurrencies for the index basket, UNIT is a decentralized crypto index regulated by a human-centric algorithm and governed by the UNIT DAO. UNIT guarantees that the ongoing reconstitution of the index occurs with complete transparency and fairness.
Do you get it? Comment below answering the following questions:
1. What’s the general benefit of following an index?
2. What’s the difference between the S&P500 and the UNIT?
We will give UN tokens to the best answers!
@dymnsion@goldethh@dymension Just participated in the $DYM whitelist and the process was smooth as silk. Excited to be part of this growing community! 🚀