Disclaimers & Governance
Disclaimers, limitations, and governance information for the Allisora Top 10 Crypto Index (ALX10).
General Disclaimer
The ALX10 is provided for informational and benchmarking purposes only.
- The Index does not constitute investment advice or an offer to invest.
- Allisora does not sponsor, endorse, or manage investment products.
- Past performance is not indicative of future results.
- Allisora makes no representations regarding the suitability of the Index for any purpose.
Allisora shall not be liable for any losses arising from the use of the Index or its data.
Index Governance and Methodology Changes
Allisora maintains responsibility for the governance of the ALX10.
- The methodology is reviewed periodically to ensure continued relevance.
- Changes are made only when necessary to preserve accuracy, representativeness, or operational feasibility.
- All changes are documented, versioned, and publicly disclosed.
Material changes are communicated in advance where reasonably possible.
The complete methodology is documented in Version 1.0 of the ALX10 Index Methodology document. See our Methodology page or download the PDF.
Transparency and Publication
Allisora publishes:
- Daily index values
- Constituent lists and weights
- Methodology documentation
- Rebalance announcements and methodology updates
Historical data is maintained to ensure auditability and reproducibility.
Price Sources and Index Calculation
Price Determination (PDF Section 7.1): Prices are sourced from a selection of major centralized cryptocurrency exchanges that meet minimum standards for liquidity, transparency, and reliability. When multiple sources are used, prices may be aggregated using a simple average or volume-weighted average methodology. Outlier prices may be excluded if deemed erroneous or non-representative.
Calculation Timing (PDF Section 7.2): The Index is calculated once per day. End-of-day prices are observed using Coordinated Universal Time (UTC). The Index base value is set to 100.00 on the base date.
Index Formula (PDF Section 7.3): The Index is calculated using a standard market-value-weighted index formula, maintaining continuity across rebalancing events.
Data Disruptions (PDF Section 8.3): If a price source becomes unavailable, alternative approved sources may be used. If no reliable price is available, the most recent valid price may be carried forward temporarily. Persistent data issues may trigger constituent review.
Liability Limitation
No Warranty: The index and related data are provided "as is" without warranty of any kind, express or implied, including but not limited to warranties of merchantability, fitness for a particular purpose, or non-infringement.
Limitation of Liability: To the maximum extent permitted by law, Allisora shall not be liable for any indirect, incidental, special, consequential, or punitive damages, or any loss of profits or revenues, whether incurred directly or indirectly, or any loss of data, use, goodwill, or other intangible losses resulting from the use of the index or index data.
Third-Party Services: The index relies on third-party services for price data and market information. Allisora is not responsible for the availability, accuracy, or reliability of these third-party services.
Treatment of Extraordinary Events
Forks and Network Events (PDF Section 8.1): Forked assets are evaluated independently. Inclusion of forked assets is subject to eligibility and exclusion criteria. No automatic inclusion is guaranteed.
Delistings and Ineligibility (PDF Section 8.2): Assets that are delisted from major exchanges or no longer meet eligibility criteria may be removed. Removal may occur at the next scheduled rebalancing or earlier if continued inclusion would materially distort the Index.
Data Disruptions (PDF Section 8.3): If a price source becomes unavailable, alternative approved sources may be used. If no reliable price is available, the most recent valid price may be carried forward temporarily. Persistent data issues may trigger constituent review.
Questions or Concerns?
If you have questions about the index methodology, governance, or disclaimers, please contact us through our contact page.
Methodology Version: 1.0 | Effective Date: January 1, 2025 | Last updated: January 26, 2025