CoinDesk’s BTX Index represents a real-time, USD-equivalent spot rate for Basic Attention Token. The index value is algorithmically calculated once every second based on observed trading activity on leading Basic Attention Token exchanges. The index has been in operation since March 17, 2021 and was launched publicly on March 17, 2021.
The BTX Index is designed as a reference rate to track liquidity while also adjusting for deviations caused by anomalies and manipulation attempts at individual exchanges. While the precise formula underlying the index is currently proprietary, the key elements of the algorithm are outlined below.
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