The Index
INDEX
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
The overall assessment for INDEX (The Index) is severely constrained by substantial data gaps, with four out of six evaluation sections (Active Development, Market and Use Case, Team and Governance, and Security and Audit History) receiving scores of -1.0 due to identity verification and data retrieval failures. For the evaluable dimensions, Tokenomics scored 5.5/10, supported by a fixed maximum supply of 10,000,000 tokens and a structured allocation (70% community, 30% founding teams/Set Labs), although it faces limitations due to purely inflationary emissions and metagovernance-only utility without built-in fee capture. Community Support scored poorly at 2.5/10, exhibiting low daily trading volume (~$22,605), stale forum activity, and governance proposals to discontinue products, reflecting community shrinkage and operational dormancy. Excluding the four insufficient-data sections and redistributing weights proportionally across Community Support (15/35 weight) and Tokenomics (20/35 weight) yields an overall weighted score of 4.2/10. No qualifying red-flag events or fraudulent mechanics were identified.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About The Index (INDEX)
INDEX (The Index) is the native governance token of Index Cooperative (Index Coop), operating on the Ethereum blockchain. The token is primarily designed for metagovernance and protocol administration, allowing holders to vote on proposals concerning product constituent assets and internal governance decisions.
The tokenomics structure defines a fixed maximum supply of 10,000,000 INDEX tokens distributed over a three-year vesting schedule. The initial allocation designated 70% of the token supply to the community and 30% to founding teams, including a 28% allocation to Set Labs Inc. Token issuance is directed toward liquidity mining, community rewards, and methodologist programs without integrated burn mechanisms or protocol fee-capture features.
Evaluations of the project indicate low overall market and community activity, characterized by a reported 24-hour trading volume of approximately $22,605 and limited recent engagement on governance forums. Furthermore, governance proposals have included measures to discontinue specific products to reallocate resources. Substantial data gaps also persist regarding verified active development, team identities, and formal security audits.