The Kujira Index - KJI
Last updated
Last updated
The Kujira ecosystem has been growing rapidly in 2023 due to a variety of launched applications. Beyond apps built by the core team (FIN, GHOST, ORCA and many more), theoretically anyone can deploy applications (after going through a governance process) on Kujira. Hence there has been an uptick in projects launching, some with a token, some without. The Kujira Ecosystem flywheel effect has kicked off and could be in full swing sooner rather than later.
KUJI as main token of the ecosystem captures fees from almost all products built on the chain. It had risen to almost $500m market cap at one point in 2024, which was up over 10x from its 2023 bottom. While there might still be upside available, the launch of several small caps certainly provide alternative investment opportunities. This is also compatible the money moves in cycles, from large caps down into smaller cap tokens.
The vision of KJI (The Kujira Index) is to offer an easy way to invest into the entire Kujira ecosystem, specifically giving exposure to the upside of Kujira Altcoins while at the same time building on the strong performance of KUJI and staked versions thereof. It simplifies exposure to Kujira as a whole without having to individually pick and choose which assets to invest in.
The Kujira Index is going to consist of a basket of the Kujira assets, weighted by different metrics, including market capitalization, liquidity, past performance and more.
It aims to stand out as an asset in the ecosystem due to:
Diversification: As a diversified basket of Kujira assets, investors are not exposed to just a single asset while capturing the upside of many assets.
Convenience: Beyond our UI we strive to integrate the product in multiple places. This will make it easy for investors to buy and sell the index.
Transparency: The Kujira Index is going to be fully transparent, and investors can see exactly which assets are included in the index and how they are weighted at all times.
More details regarding the actual assets can be found via the links below:
The exact weights on the app dashboard
The market price of KJI can be found on Coingecko & FIN (Kujira).
The redemption price (based on the value of the underlying assets) can be found on the app dashboard.
The Kujira Index has received it's ticker KJI via a two-stage community decision process.
