Ethereum Needs an Index Token

The Ethereum ecosystem is a vibrant community with more than 260 projects in service or under development.

As the leading proponent of the Application-specific Blockchain (AppChain) thesis, Ethereum has successfully seeded the notion of “One Blockchain for One App” in the industry in its short history.

After years of experiencing various limitations of the one-for-all monolithic blockchains, more and more industry participants are beginning to resonate with the need for an infrastructure that caters to the application’s specific functionality.

While numerous Ethereum builders succeeded in reaching this first milestone, it is true that acquiring their tokens and sharing their upside is still challenging for the general public.

For the public, Cosmos is still represented by $IBCX. Our challenge: Can a single token adequately represent an ecosystem that aims to enable multiple projects and their respective tokens to flourish in an optimized fashion?

In other words, it’s not fully convincing to say that the main token of the Cosmos Hub captures the values of an interchain AMM (Osmosis), a smart contract AppChain (Juno), and an EVM scalability solution (Evmos).

As an alternative, we would like to propose an index token that’s composed of these tokens and is transparently governed by the community via a DAO.