DowCoin is a cryptocurrency representing ownership of underlying assets that make up the market index. The value of the DowCoin token varies according to the value in the current market as the token is derived from existing assets. DowCoin operates on the Ethereum network and has the same benefits and technology as that of Ethereum. DowCoin is created with two aims:

The founder of DowCoin observed that the cryptocurrency marketplace was very volatile, with wild swings happening daily on either side of the pendulum. He saw that there was a need for a cryptocurrency index that served as the market indicator. 

DowCoin follows the price movements of the top thirty cryptocurrencies with the largest market cap. This gives a rough idea to all the users to consolidate their profit from the upward trend in the market that too without any extreme fluctuations by individual coins.

Furthermore, these top thirty coins are among the top one hundred coins in the market cap for at least ninety consecutive days. Also, DowCoin features only those coins that have been on the market and the exchanges for the last six months. Thus these coins vary severally over each period. The index coin value and index number represent the status of the market based on the performance of these thirty coins.

Dowcoin has an influence on the market and investors' decisions. It allows the market to regulate and promote less volatile coins naturally. To achieve the vision of minimizing the risks of investment and maximizing the returns, creating uncorrelated coins with high

possible expected returns and the possibility of replacing coins within the top 30 indexes is necessary. Thus, DowCoin aims to maximize the Sharpe ratio, i.e., the ratio of expected portfolio returns over the standard portfolio rate of deviation.

Moreover, users can transfer, hold, and exchange DowCoins for other currencies like ETH or traditional alternatives without multiple wallets in different currencies. The total DowCoin distribution or supply is 2,000,000,000.

The founder and CEO of DowCoin is Jaswant J. Kotak. DowCoin was founded in April 2017. Satyam Agarwal is the blockchain developer, and Nassim Benz is the cryptocurrency consultant.

Actualizamos nuestro DOWCOIN a EUR en tiempo real. Obtén el precio de DOWCOIN actual en Coinbase.