The native token can be compared to a national currency. Only crypto has no geographical borders - just networks and blockchains.

Most payment tokens are organically distributed through mining with no pre-allocations. But no allocations don't equate to spread ownership. The issuance schedules are massively frontloaded - early adopters will, in practice, get huge allocations.

The selection for the May 1 rebalancing of the KVQ Index is listed below. Nine of the top 30 tokens passed the quality filter for inclusion in the index.

With Bitcoin and Ethereum performing the best, the equal-weighted K33 Vinter Quality Index severely underperforms the market. Compared to a passive equal weighted index of the top 30 tokens, the index also has no overperformance.

AVAX (Avalanche) removed from the index.

The K33-Vinter index is a smart beta index for crypto assets, consisting of an equally weighted mix of selected tokens from the top 30 crypto assets. Currently, 10 of 30 tokens are included. See which tokens are included here.

In this article, we lay out the methodology for the selection of cryptocurrencies in the K33-Vinter Quality Index. Pro Subscribers can also download the full assessment of the top 30 tokens as of February 1st, 2023.