Thanks for pointing this out!
You shouldn’t (no, you cannot) package Filecoin in an index and sell it to people as part of a data economy index with so many outstanding tokens (+ MLM schemes running) and investor tokens unlocking and leading to negative price impact of File and the Index.
Only if the Filecoin team provides enough additional incentive aka a form of “anti-dilution” to upcoming unlocks and sell pressure, FILE could be included. I guess the required amount would be too high for Filecoin and rather exclude it. (Just to be clear, I believe the File team is extremely capable, Filecoin is a cool project but investing is impossible right now.)
Generally, I believe it would be a good idea to extend the token inclusion criteria with additional evaluations/KPIs specifically for index investment. (See MakerDao assessments for collateral onboarding): For example, add additional KPIs, analysis of token utility, current valuation, potential growth… besides the existing analyses of team, usage, market size, Index Marketing & Product Differentiation in the market.
Re: Data Economy Index
I believe data is the number 1 use case of public blockchain databases right after open finance and I would love to see a Data Economy Index as this is an underexplored niche with a number of quality live projects & huge growth potential.
Personally, I’d prefer a more narrow definition of niches and wouldn’t include Augur or Bat in a data economy index - rather focus on analytics/big data/oracles such as Link, Graph, Ocean and their closest competitors - but that is just my personal opinion.