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First Crypto Index in Hong Kong First crypto index in Hong Kong Index Review 2021 Q1 1 Market Overview 2 Historical Crypto Market Capitalization (free-floated) & Bitcoin Price (Dec 2018 - Mar 2021) 2021 Q1 Market Cap Bitcoin Price The total Market Cap and Bitcoin price kept the upward trend during this quarter. Source: CoinMarketCap as of 31/03/2021 HKT 3 Crypto market overview Top 10 Cryptos No Name Market Cap Price % Change* 2021 Q1 1 Bitcoin $1,099,939,890,804 $58,917.69 104.28% 2 Ethereum $212,788,788,571 $1,846.03 145.61% 9,000 + Crypto Currencies 3 Binance Coin $48,125,603,373 $311.43 716.54% 4 Tether $40,681,086,817 $1.00 0.00% 131 Billion USD Daily Volume 5 Cardano $38,763,410,938 $1.21 557.47% 6 Polkadot $31,495,837,002 $34.07 369.93% 7 XRP $25,737,663,165 $0.57 167.62% 1.88 Trillion USD Market Cap 8 Uniswap $14,871,243,021 $28.49 588.16% 9 Litecoin $13,129,004,499 $196.68 51.91% 10 THETA $12,977,378,293 $12.98 711.25% Source: CoinMarketCap as of 31/03/2021 HKT • % Change since the end of last quarter 4 Crypto market overview 2020 Q4 2020 Q3 9,000 + Crypto Currencies (+11.1%) 8,100 + Crypto Currencies 131 Billion USD Daily Volume (-29.1%) 185 Billion USD Daily Volume 1.88 Trillion USD Market Cap (+147%) 762 Billion USD Market Cap Compared with last review, total market cap rose by 147%, while the daily volume cooled down by 29.1%. Source: CoinMarketCap as of 31/03/2021 HKT 5 Crypto Highlights Tesla customers can now buy their car with Bitcoin, company chief Elon Musk has said. Mr. Musk, a well- Tesla Cars Can Be known Bitcoin enthusiast, made the unexpected announcement in a tweet. Mr. Musk tweeted Tesla would be running its own internal software to handle Bitcoin payments, which "operates Bitcoin nodes directly". And in Bought in Bitcoin an apparent bid to assuage fears of Bitcoin enthusiasts who want to see the ecosystem thrive, Mr. Musk said: "Bitcoin paid to Tesla will be retained as Bitcoin, not converted to fiat currency" Dogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, Dogecoin light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. It quickly developed its own online community after introduction, and Tesla CEO Mr. Musk posted several tweets on social media that Dogecoin is his favorite coin. Filecoin (⨎) is an open-source, public cryptocurrency and digital payment system intended to be a blockchain- based cooperative digital storage and data retrieval method. It is made by Protocol Labs and builds on top of InterPlanetary File System, allowing users to rent unused hard drive space. A blockchain mechanism is used Filecoin to register the deals. It is a decentralized storage system that aims to “store humanity’s most important information.” Filecoin is open protocol and backed by a blockchain that records commitments made by the network’s participants, with transactions made using FIL, the blockchain’s native currency. The blockchain is based on both proof-of-replication and proof-of-spacetime. Theta (THETA) is a blockchain powered network purpose-built for video streaming. Launched in March 2019, THETA the Theta mainnet operates as a decentralized network in which users share bandwidth and computing resources on a peer-to-peer (P2P) basis.The project is advised by Steve Chen, co-founder of YouTube and Justin Kan, co-founder of Twitch. Source: Tesla Cars Can Be Bought in Bitcoin: https://www.bbc.com/news/technology-56508568 Dogecoin: https://dogecoin.com/ Filecoin: https://filecoin.io/ THETA: https://www.thetatoken.org/ Top 10 Cryptos Exchanges by CoinMarketCap Rank Name Exchange Score Volume (24h) No. Markets No. Coins 1 Binance 9.8 $27,254,028,007 1151 346 2 Coinbase Pro 8.8 $2,628,206,069 156 53 3 Kraken 8.5 $1,208,460,167 284 62 4 Huobi Global 8.4 $7,699,878,755 937 315 5 Bitfinex 8.3 $917,376,095 299 130 6 KuCoin 8.2 $874,895,554 674 295 7 Bithumb 8.2 $2,026,748,131 191 160 8 Coinone NEW 7.9 $808,581,363 169 168 9 Bitstamp 7.9 $494,793,717 53 18 10 Binance.US NEW 7.8 $388,001,266 109 54 Source: CoinMarketCap as of 31/03/2021 HKT Top 10 exchanges accounted for 33% of the total market trading volume, 230% higher than last quarter (10%). • For the CoinMarketCap Exchanges Ranking, please refer to: • https://support.coinmarketcap.com/hc/en-us/articles/360052030111-Exchange-Ranking 7 Top 10 Crypto Exchanges comparison with last quarter Ranking This Review (2021 Q1) Last Review (2020 Q4) 1 Binance Binance 2 Coinbase Pro Coinbase Pro 3 Kraken Kraken 4 Huobi Global Huobi Global 5 Bitfinex Bithumb 6 KuCoin Bitfinex 7 Bithumb Bitstamp 8 Coinone NEW FTX 9 Bitstamp KuCoin 10 Binance.US NEW bitFlyer The top 4 exchanges haven’t changed, with Coinone and Binance.US merged into top 10. 8 Some world popular Crypto Indexes Company Num. of Origin Index Name Dissemination Data Source Current Status Name Constituents CoinMarketCap / Daily / Hourly / Per IX Asia HK ixCrypto Index 8 ixAsia Data Currently Running 15 seconds Services Daily / Per 1 Bloomberg Crypto Bloomberg US BGCI 6(<=12) Currently Running second Price Fixings (CFIX) Huobi China HUOBI 10 INDEX 10 Per 15 seconds Huobi Exchange Currently Running CS&P US CCI30 30 Per 10 seconds CoinMarketCap Currently Running BITX 10 BIT20 20 Bitwise US Daily Unknown Currently Running BIT70 70 BIT100 100 Cryptoindex US CIX100 100 Per 1 second Unknown Currently Running CRypto IndeX Germany CRIX 11 Daily CoinGecko Currently Running Hashdex Brazil HDAI 18 Per 5 Minutes Unknown Currently Running 9 Top 10 Market Capitalization Cryptos (Comparison) Ranking By AMC Ranking By AMC Name (2021 Q1) (2020 Q4) Bitcoin 1 1 Ethereum 2 2 Cardano 3 8 Binance Coin 4 6 Polkadot 5 7 XRP 6 3 Litecoin 7 5 Bitcoin Cash 8 4 Stellar NEW 9 11 Dogecoin NEW 10 - Source: CoinMarketCap as of 31/03/2021 HKT *Average market capitalization in 90 days preceding the review date 31st March 2021 **Cryptos shaded in grey are cryptos within top 10 by MC but not in the IXCI constituent list. 10 Top 10 Trading Volume Cryptos (Comparison) Ranking By ATV Ranking By ATV Name (2021 Q1) (2020 Q4) Bitcoin 1 1 Ethereum 2 2 Litecoin 3 4 XRP 4 3 Cardano 5 9 Bitcoin Cash 6 5 EOS 7 6 Polkadot NEW 8 12 Binance Coin NEW 9 17 Dogecoin NEW 10 - Source: CoinMarketCap as of 31/03/2021 HKT *Average transaction value in 90 days preceding the review date 31st March 2021 **Cryptos shaded in grey are cryptos within top 10 by ATV but not in the IXCI constituent list. 11 ixCrypto Index 2021 Q1 Review Result 12 Result of the index review According to the Constituents Enhancement Rule, during this quarter, EOS and Bitcoin SV both fell out from the top 8 coins, which triggered with a constituent change. Number of Average MC Average Daily Constituent Changes Constituents Coverage Volume Coverage Deletions: EOS Old Constituents 8 & Bitcoi 80.9% 82.3% n SV Additions: Polkdot New Constituents 8 82.4% 82.5% & Stellar The new constituents will be Bitcoin, Ethereum, Cardano, Polkadot, XRP, Litecoin, Bitcoin Cash, and Stellar. *The MC and volume above is based on the 90-day-average-free-float adjusted market capitalization and volume preceding the review date 31st March 2021 13 ixCrypto Index Constituents Weighting (%) Before 40% Cap Cum. MC After 40/30/20 No. Crypto 90-Day-Avg-Market Cap (MC) Cap Weight Weighting Coverage Step Cap 1 Bitcoin $838,309,774,954 76.33% 40.00% 40.00% 62.30% 2 Ethereum $175,311,044,387 14.77% 37.44% 30.00% 75.33% 3 Cardano $24,234,441,746 2.69% 6.82% 9.07% 77.13% 4 Polkadot $23,049,077,289 2.19% 5.54% 7.37% 78.84% 5 XRP $18,941,033,930 1.79% 4.53% 6.02% 80.25% 6 Litecoin $11,589,256,660 0.91% 2.31% 3.07% 81.11% 7 Bitcoin-cash $9,460,155,468 0.68% 1.74% 2.31% 81.82% 8 Stellar $8,108,830,112 0.64% 1.62% 2.16% 82.42% The constituents have changed with Polkadot and Stellar in. The number of constituents stays at 8 with 82.4% MC coverage. 14 Top Cryptos Trading Volume Top 30 Cumulative Volume % 120% 100% Top 25: 97.82% 80% 60% 40% 20% 0% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Number of cryptos by volume ranking 2019Q3 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 2021Q1 Source: CoinMarketCap as of 31/03/2021 HKT 15 Performance IXCI VS Bitcoin Index 16000 IXCI Bitcoin Index 2020 Q4 2021 Q1 14000 Inception date: 03/12/2018 (HKT) 12000 Inception index level: 1000 10000 8000 6000 4000 Inception 2000 0 2017-08 2017-11 2018-02 2018-05 2018-08 2018-11 2019-02 2019-05 2019-08 2019-11 2020-02 2020-05 2020-08 2020-11 2021-02 Back Testing Period Index %Change Standard Deviation Index Index Level 1 - Mth 3 - Mth 6 - Mth 1 - Yr YTD 1 - Mth 3 - Mth 6 - Mth 1 - Yr YTD IXCI 10008.91 21.87% 133.58% 398.73% 828.74% 133.58% IXCI 539.50 1699.73 2777.70 2682.01 1699.73 16 IXCI performance since inception IXCI 12000 10000 8000 6000 4000 2000 0 12/2018 03/2019 06/2019 09/2019 12/2019 03/2020 06/2020 09/2020 12/2020 03/2021 IXCI keeps a bullish upward trend in the first quarter of 2021 and hit a record high.
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