# Request for Comment: Data Economy Index (DATA) Updates

**URL:** <https://gov.indexcoop.com/t/request-for-comment-data-economy-index-data-updates/1759>\
**Category:** Products\
**Tags:** data\
**Created:** [18 June 2021 16:46 UTC](https://gov.indexcoop.com/t/request-for-comment-data-economy-index-data-updates/1759 "2021-06-18T16:46:39Z")\
**Posts on this page:** 1\
**Showing post:** 10

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**Author:** ![Crypto\_Texan](https://yyz1.discourse-cdn.com/flex027/user_avatar/gov.indexcoop.com/crypto_texan/32/2326_2.png) [@Crypto\_Texan](https://gov.indexcoop.com/u/Crypto_Texan)\
**Post date:** [19 June 2021 14:18 UTC](https://gov.indexcoop.com/t/request-for-comment-data-economy-index-data-updates/1759/10 "2021-06-19T14:18:26Z")

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Hello - trying to get a little more involved in the forums - love the idea of a Data Index

Questions regarding RenFIL:

- The methodology for DPI states “The token must be a bearer instrument. None of the following will be included in the index: Wrapped tokens. Tokenized derivatives. Synthetic assets. Tokens that are tied to physical assets. Tokens that represent claims on other tokens.”
- Would we not maintain a similar inclusion criteria for other indices (save BED)? Are we exposing this index to additional risks related to the RenVM?
- Would love to have exposure to FIL in this index, but it just seems complicated without it being an ERC-20 token.

A question regarding Numeraire

- This feels more like a protocol that could be included in the DPI sometime in the future. When looking at how Messari Crypto ([Messari.io](http://Messari.io)) classifies Numeraire, its under “Asset Management” and “Finance”. However, Coin Gecko classifies Numeraire as “Business Services” and “Decentralized Finance (DeFi)”. So I guess the “Business Services” classification allow for inclusion in a Web 3/Data Economy Index.
- Just wondering, what is the justification for the Numeraire inclusion

Token Expansion and Market Cap…Cap:

- It would be interesting to consider expanding this to a more general Web 3 type of index and a SQRT MC calculation (similar to MVI), but with a 20% cap.
- If we did do this, to address one of @overanalyser’s comments about the XXI format, it could be something along the lines of W3I or WTI.
- Example with 10 tokens (using Messari’s Web 3 categorization)

| Name | Ticker | Market Cap | % SQRT MC   
20% Max | Units Per   
Token | $ Per   
Allocation |
| --- | --- | --- | --- | --- | --- |
| Chainlink | LINK | $9,302,233,132 | 20.00% | 0.9331 | $20.00 |
| Basic Attention Token | BAT | $923,847,329 | 14.62% | 23.7000 | $14.62 |
| The Graph | GRT | $768,843,562 | 13.34% | 21.6085 | $13.34 |
| Livepeer | LPT | $513,293,355 | 10.90% | 0.4493 | $10.90 |
| Golem | GLM | $263,795,159 | 7.81% | 29.6148 | $7.81 |
| Ocean Protocol | OCEAN | $249,609,973 | 7.60% | 15.3684 | $7.60 |
| Band Protocol | BAND | $222,537,542 | 7.18% | 1.1347 | $7.18 |
| Orchid | OXT | $201,055,429 | 6.82% | 23.1349 | $6.82 |
| Civic | CVC | $153,668,928 | 5.96% | 25.9970 | $5.96 |
| Streamr | DATA | $144,202,248 | 5.78% | 35.4186 | $5.78 |

- Example with 15 tokens (using Messari’s Web 3 categorization)

| Name | Ticker | Market Cap | % SQRT MC   
20% Max | Units Per   
Token | $ Per   
Allocation |
| --- | --- | --- | --- | --- | --- |
| Chainlink | LINK | $9,302,233,132 | 20.00% | 0.9331 | $20.00 |
| Basic Attention Token | BAT | $923,847,329 | 12.48% | 20.2256 | $12.48 |
| The Graph | GRT | $768,843,562 | 11.38% | 18.4407 | $11.38 |
| Livepeer | LPT | $513,293,355 | 9.30% | 0.3835 | $9.30 |
| Golem | GLM | $263,795,159 | 6.67% | 25.2733 | $6.67 |
| Ocean Protocol | OCEAN | $249,609,973 | 6.49% | 13.1154 | $6.49 |
| Band Protocol | BAND | $222,537,542 | 6.12% | 0.9684 | $6.12 |
| Orchid | OXT | $201,055,429 | 5.82% | 19.7434 | $5.82 |
| Civic | CVC | $153,668,928 | 5.09% | 22.1859 | $5.09 |
| Streamr | DATA | $144,202,248 | 4.93% | 30.2263 | $4.93 |
| District0x | DNT | $77,687,139 | 3.62% | 27.9429 | $3.62 |
| Tellor | TRB | $75,070,413 | 3.56% | 0.0811 | $3.56 |
| Radicle | RAD | $24,358,756 | 2.03% | 0.4078 | $2.03 |
| FOAM | FOAM | $11,541,553 | 1.39% | 38.2493 | $1.39 |
| Aragon Court | ANJ | $7,634,683 | 1.13% | 18.2201 | $1.13 |

Regardless, love the idea. There are a lot of projects in this category for which I would like to have more exposure. (LINK, OXT, LPT, ect).

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_[View the full topic](https://gov.indexcoop.com/t/request-for-comment-data-economy-index-data-updates/1759)._
