📈Honey Index Fund

Release date: Q4 2022 - Q1 2023

The Honey Index Fund is a fully decentralized fund where everyone can create their own token index with their own buy and sell commission. The token index is a token that is backed up by any other token. The fund administrators charge a fee for the exchange, as well as a fee for the creation and placement of the token index on the platform. In fact, anyone can release their token, which will be backed up by other tokens in any proportionю

Example

The user releases his XYZ token, which is sold for example for USDT and is backed up by:

30% USDT

20% BTC

20% ETH

10% DOT

5% TRX

5% SOL

5% ADA

5% DOGE

Anyone can buy XYZ tokens through a smart contract. When purchasing a token index, a smart contract will automatically purchase and freeze all necessary collateral needed for it. If the collateral grows relative to the USDT, it means that the value of the XYZ token has increased and the user can sell their XYZ with the profit to the same smart contractor.

The creator of this token will receive a percentage of the commission that he will set from each purchase/sale of his token.

Simplified example

I entered the platform, created a token index that includes 20 cool coins, my token showed a 50% increase in half a day, people started buying/selling it.

• I get % of trading volume

• Platform creators get % of trading volume

• Token buyers save commission by buying all tokens together rather than buying them separately.

Win Win Win.