Join the Algorand Index Campaign: Help Us Find Top Projects!
Mar 13, 2023
The Blueshift team is creating something special and unique for the Algorand ecosystem by developing the Algorand Index. This Index represents the strength of Algorand, and we will need the community’s help to make it happen.
In late 2022, Blueshift successfully launched and deployed a decentralised exchange on Milkomeda’s Algorand A1 Rollup, allowing users from the Algorand ecosystem to participate in DeFi. Our innovative cross-chain portfolio-based DEX has unique advantages, including low impermanent loss, low slippage, virtual pair technology, and farming rewards.
The team is now focused on the creation of an Algorand Index. This portfolio will be comprised of tokens from the best projects in the Algorand ecosystem and will reflect its strength and growth. We have the support of the Algorand Foundation and need the community’s help to showcase which projects should be included in the Index.
In 2022 Blueshift team created the Cardano Index. The successful launch of the Cardano Index was due in no small part to our close collaboration with participating projects, which enabled us to raise awareness and grow usage of the Index. During the engagement phase, we saw over 100,000 views across the various created videos, 4,500+ likes, 1,200 retweets and 850+ comments across various related posts.
From all the engagements, we had over 50 projects highlighted, which were then short-listed down to just 20.
We also have further plans to create the Algorand Index LP token, creating a secondary market for the Index and creating more demand and exposure overall.
At this stage, the community must have input into what projects should be included in the Index. Community input truly reflects where the strengths lie within the Algorand ecosystem. We look forward to working closely with these projects to bring this innovative portfolio offering to users.
Algorand is a great eco-friendly and innovative blockchain with a growing TVL. We here at Blueshift want to show other blockchain and crypto communities the best projects within the Algorand ecosystem within the Index.
Our Criteria Process for the Algorand Index
We have a qualitative and quantitative approach to analysing the projects we potentially onboard to the Index. (It’s important to note that this process isn’t limited to these criteria and can change.)
As part of our rigorous research and due diligence process, we will assess each project’s qualitative, quantitative and community engagement metrics. Our thorough qualitative research will include statistics such as roadmap, team profile, user cases and tokenomics.
A quantitative review of the circulating supply’s market capitalisation and social media engagement will also be conducted. Lastly, we will also consider the views of Algorand influencers and thought leaders in the space to assess each project’s potential.
We are currently in the process of engaging with projects to add them to the Algorand Index potentially. This comprehensive approach ensures that only the highest-quality projects are included.
Why Get Listed?
Getting listed in the Algorand Index provides numerous benefits for projects looking to grow and expand their offerings. These include:
- Marketing Exposure & Increased Visibility: Listing projects on the Algorand Index provides them with increased marketing exposure on Blueshift’s platforms. We conduct many AMAs, interviews and social media marketing campaigns to help drive interest and adoption of the Index. The Algorand Index will increase visibility within the Algorand ecosystem and other chains Blueshift is connected to, leading to a possible increase in trading volumes and liquidity for their tokens.
- Cross-Chain Exposure: Projects listed in the Algorand Index are also exposed to other blockchains, which allows them to gain additional exposure and liquidity.
- High Liquidity: Projects listed on the Algorand Index will benefit from high liquidity. Our innovative virtual pair technology allows for drawing upon liquidity from the entire pool compared to a single traded pair of tokens like on a regular DEX.
- Low Slippage Rates: The Algorand Index uses sophisticated algorithms to ensure that investors can trade with minimal slippage rates. This is what powers our Blueshift DEX creating a capital-efficient trading platform.
- Financial Incentives: Staking liquidity on the Algorand Index can provide projects financial rewards through trading fees and other incentives.
- Funding Partners: Projects listed in the Algorand index have access to Blueshift’s funding partners, which can provide them with additional capital and resources for growth.
These seven key benefits make listing projects on the Algorand Index an attractive proposition for any project looking to expand its reach and liquidity. With the right strategy, projects can benefit from listing on the Algorand Index and gain significant exposure within the Algorand ecosystem.
Furthermore, the tradable Algorand Index LP token can also gain more exposure to all the projects involved.
If you are interested in getting your token listed on Blueshift DEX, please do not hesitate to reach out to us at firstname.lastname@example.org, and we will be more than happy to assist you in the process. Thank you for considering Blueshift as your DEX partner. We look forward to hearing from you.
Blueshift is a cutting-edge cross-chain decentralised exchange that uses portfolio pools instead of regularly traded liquidity pairs. Swaps in Blueshift portfolios are efficient as they can form virtual pairs within a portfolio using deep liquidity to reduce slippage. The portfolio DEX allows for simple single-token liquidity provisioning making for a simple and easy user experience.
In addition to its unique approach to portfolio-based swaps, Blueshift offers cross-chain interoperability, allowing users to swap tokens across different chains without needing bridges or wrapped tokens. By connecting its DEX and protocol to other chains, Blueshift enables users to access an ever-expanding selection of tokens within the broader cryptocurrency ecosystem. With Blueshift, you can swap directly for more and more tokens, regardless of the blockchain they reside on. This cross-chain functionality positions Blueshift as a versatile and powerful platform for anyone looking to exchange tokens quickly and efficiently.
Be sure to join our Discord and follow us on Twitter to keep up with our launch. We’re looking forward to seeing you in our community.
About Milkomeda Algorand A1 Rollup
Milkomeda Algorand A1 Rollup is a protocol built on the Algorand blockchain that enables fast and secure transactions while maintaining low transaction fees. It combines multiple transactions into one large block, reducing gas costs and processing times. As an added layer of security, Milkomeda also provides double validation and a dispute resolution process. This allows users to ensure their transactions are secure and executed correctly. Furthermore, Milkomeda is designed to scale with the Algorand network, allowing for increased capacity as the blockchain grows.
The roll-up technology allows developers to build more efficient applications on the Algorand blockchain.