The Bluebird Index is a cryptocurrency price index launched in November 2022 that tracks the performance of BNB, DOGE and MASK. The Index is calculated using a formula that incorporates the weighted averages of the constituent tokens’ real-time prices on the Spot market, denominated in USDT.
Bluebird Index Details
1. Index Specifications
| Trading Pair | Index Name | Description | Base Date | Base Index |
| BLUEBIRD/USDT | BLUEBIRD Index | BLUEBIRD Index denominated in USDT | 2022-11-02 16:00 (UTC+8) | 10 USDT |
2. Constituents
Information on the constituents of the Bluebird Index:
| Crypto | Weight (%) | Weight (Value) |
| BNB | 51.81% | 0.01606447 |
| DOGE | 41.87% | 30.4543891 |
| MASK | 6.32% | 0.16904824 |
(The weights are based on the data at 15:00 (UTC+8) on 2022-11-02 and will be adjusted regularly according to price movements)
3. Index Calculation
a. The Index formula is as follows:
Where:
b. Divisor
The divisor on the Index Base Date is:
And at each Report Time t:
Where:
c. Weight
The weight of each constituent of the Index is calculated by a weighting factor (the weight will remain unchanged between Index rebalances):
The weighting method for Bluebird Index is volume/market cap constructed weighting with weighting factor calculated as follows:
Where:
4. Rebalances
The launch date of the BLUEBIRD Index is 2022-11-02 20:20 (UTC+8). The Index constituents and their weights will be automatically rebalanced every Thursday at 16:00 (UTC+8) to adapt to changes in the market and to reflect the respective fluctuations of each constituent’s market capitalization.