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Launch of ixCrypto Stable Coin Index

HONG KONG SAR – Media OutReach – 6 April 2023 – Today, IX Asia Indexes Company Limited (“IX Asia Indexes”) announced the launch of ixCrypto Stable Coin Index.

The ixCrypto Stable Coin Index is launched to complement with the IX Digital Asset Industry Classification System (“DAICS® “) which was published in September 2022. DAICS® covers both cryptocurrencies and asset-backed tokens. On cryptocurrencies side, there is a three-tier system: Tier 1: Industries, Tier 2: Sectors, Tier 3: Sub-sectors that groups cryptocurrencies into 5 main industries and 12 sectors1.

The payment industry is the most heavily weighted of the 5 industries under the Cryptocurrencies Category of DAICS®. Stable coin being one of the sectors in the payment industry, is defined as cryptocurrencies where price is pegged to a / a basket of reference asset. IX Asia Indexes launches ixCrypto Stable Coin Index to (1) provide an effective way to monitor stable coins’ stability via facilitate market benchmark and (2) to provide a possibility for creation of financial product in the future that can hedge against stable coins’ instability risk.

The ixCrypto Stable Coin Index will be composed of stable coins that was excluded in the ixCrypto Index (“IXCI”) and fall under the definition of DAICS®. The selection will be based on the market capitalization in the past 90 days. The maximum weighting of each index constituent will be capped at 40%. The index’s inaugural launch comprises 4 index constituents, and Tether has the highest weight (For more details on weight adjustment, please refer to Appendix 1). For further information about DAICS®, please visit https://ix-index.com/daics.html .

The index will be available daily on the official website https://ix-index.com 7 x 24 at every 5-second interval.

1 as at 7 March 2023

Appendix 1

Weightings of the Constituents of ixCrypto Stable Coin Index

Stable Coin Weighting within DAICS® (%) Pre-adjusted Weighting (%) Weighting after 40% cap (%)
Tether 7.53% 55.59% 40.00%
USD Coin 4.81% 33.85% 40.00%
Binance USD 1.74% 6.53% 12.38%
Dai 0.63% 4.03% 7.62%
Total 14.71% 100% 100%

*As at 7th March, 2023, selection based on market capitalization and trading volume over the past 90 days. As at March 7, 2023, the 50 industry coins in the DAICS® represent 93.6% of the total market capitalization (excluding Wrapped Bitcoin coins and Terra Classic coins).

Hashtag: #IXAsiaIndexes

The issuer is solely responsible for the content of this announcement.

About IX Asia Indexes and IX Asia Index Advisory Committee

IX Asia Indexes is an award-winning index company, providing real-time digital asset and innovative indexes, disseminated 7×24 globally and built on robust infrastructure. Since the launch of the first crypto benchmark index (“IXCI”) launched in Hong Kong in December 2018, the ixCrypto index series expand into 22 indexes designed for exchange futures product, mark to market and fund managers’ portfolio construction purposes. To ensure the professionality and impartiality of the index methodologies and operations, IX Asia Indexes has established its index advisory committee with representation from different industries, including fund management, exchanges, brokerage, financial blockchain experts, crypto service providers, etc. The committee will meet quarterly a year to discuss matters relating to the IX Asia Indexes, including to review and to comment the data sources, methodologies, and operations of IX Asia Indexes, to provide guidance to the future development of new IX Asia Indexes and to handle other issues and decisions on an as-needed basis.

IX Asia Indexes was awarded the Fintech Award (wealth investment and management) 2019 and 2021 organised by ETNet. It as well won an award for Startup of the Year and Basic Technology (Big Data) from Hong Kong Fintech Impetus Awards 2022 by Metro Broadcast and KPMG.

IX Asia Index Advisory Committee:
IX Asia Tokenization Advisory Committee:

About IX Crypto Indexes

The ixCrypto index (“IXCI”) is the first crypto index launched in Hong Kong. It was launched on 12 December 2018. It is denominated in USD with a base value of 1000 and a base date on 3 December 2018. Designed to be easy to understand while providing a good representation of the crypto market, ixCrypto index aims to cover the top 80% of the cumulative free-float adjusted market capitalization in the crypto universe and, at the same time, the crypto currencies should fall within the top liquid cryptos ranked by trading volume in the 90 days preceding the review date. The index is to be reviewed quarterly and with a fast entry rule. Real time indexes are disseminated every 5-second for 7X24 since 23 June 2022. Real time index data together with ixBitcoin Index and ixEthereum Index can be obtained from IX Asia Indexes Data Services. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers “IXCI”, “IXBI” and “IXEI”, with dissemination interval kept at 15-second unchanged.

About DAICS®

The launch of the IX Digital Asset Industry Classification System (“DAICS®“), aiming to provide the professional worldwide with a transparent and standardized classification scheme to determine sector and exposure of particular digital assets. It also serves as a tool for asset allocation and portfolio analysis for digital assets market as well as product development. DAICS® complements IX Asia Indexes to develop their own competitive digital asset indexes and index products from a robust global standard.

DAICS® covers both cryptocurrencies and asset-backed tokens (“ABT”), to be reviewed semi-annually at the end of June and December. On cryptocurrencies side, it is a three-tier system that groups cryptocurrencies into 5 main industries: 1) Payment, 2) Infrastructure, 3) Financial services, 4) Technology & Data and 5) Media & Entertainment. These industries are further divided into 13 industry sectors and sub-sectors to be introduced in the future. Under asset-backed tokens, there are 6 asset types and 30 branches. They are: 1) Culture, 2) Real Estate, 3) Financials, 4) Entertainment, 5) Natural Resources and 6) Green Economy.

DAICS®:

Student Contest Reveals Mekong Innovation in River Monitoring 

University students from the Soutsaka Institute of Technology received an Honorable Mention at the 4th MRC Summit competition.

The Mekong River Commission (MRC) on Monday announced the winners of its first-ever River Monitoring Technology Competition for university students.

Traffic Police to Ensure Road Safety During Lao New Year Celebrations

Traffic Police to Ensure Safety During Lao New Year Celebrations
Locals and foreigners splashing water on one another and celebrating Lao New Year (photo: meslaos)

The Traffic Police Department of the Ministry of Public Security has announced plans to ensure safety and protect road users during the upcoming Lao New Year holiday from 11-17 April.

Celebrate Pi Mai Lao At Pullman Luang Prabang

Celebrate Pi Mai Lao At Pullman Luang Prabang
Celebrate Pi Mai Lao At Pullman Luang Prabang

Celebrate the Lao New Year at Pullman Luang Prabang, the largest resort in Luang Prabang offering a wide range of facilities. Prices start from USD 238 per room, per night. Experience the thrill of water fights, traditional processions, games, and dancing – as we welcome the New Year together.

Thai Police Say Chinese Church Members to Be Deported Soon

Thai Police Say Chinese Church Members to Be Deported Soon
Members of the Shenzhen Holy Reformed Church, also known as the Mayflower Church, leave from the Nongprue police station on their way to Pattaya Provincial Court in Pattaya, Thailand, on March 31, 2023. (Photo : AP)

BANGKOK (AP) — More than 60 self-exiled members of a Chinese Christian church who were detained in Thailand after receiving U.N. refugee status will be deported by next week, probably to a third country, officials said Wednesday.

The OctaFX retrospective—last year’s Ramadan

KUALA LUMPUR, MALAYSIA – Media OutReach – 6 April 2023 – Year in, year out—the month of Ramadan remains a special period for the international broker OctaFX. Charity initiatives have been organised and held in Malaysia, Pakistan, and Nigeria. Let’s take a walk down memory lane for 2022’s Ramadan.

Ramadan MY.jpg

The ninth month of the Islamic calendar is a significant and religiously important time for any Muslim believer. Whole Muslim families, communities, and nations commemorate the event in Islamic tradition which has been passed through as Prophet Muhammad’s initial revelation in a cave, delivered by the angel Gabriel. According to tradition, this was the inception point for recording Islam’s holy book—the Quran.

Charity is a key aspect of Ramadan—and that’s where OctaFX came in.

The broker has put special emphasis on involving its clients in good deeds during the holy month of Ramadan. Just like last year, the company currently calls to ‘make the world better’: each lot traded by the clients between 22 March and 20 April 2023 will add 0.1 USD to a charity fund.

A powerful 2022 archive of Ramadan projects

In Malaysia, OctaFX was a chief contributor to the Didik-Kasih EduCare Program. Ashreen Natasha, Nivasheini Saravana, Hii Xiu, Kerk Zhi, Hermawati, Manushri Lakshmi were the six students that benefited from the broker’s Ramadan sponsorship venture. The program is a part of the wider ‘Great Vision Charity association’ (GVCA) which addresses the decisive weight of education and its role in society. GVCA is most prominently active in underprivileged communities.

In Nigeria, two Ramadan initiatives—both with the Keeping It Real Foundation—stand out: the YES Project and the ‘Reading corners’ project.

Through the Youth Employability Skills (YES) Project, the KIR Foundation trained fifty unemployed or underemployed young people, aged eighteen to thirty-five, who were not able to finish school. Out of fifty students, nine had disabilities—reflecting the disability-inclusive nature of the project. It featured OctaFX’s brand ambassador Ambrose Ebuka as a special guest—he provided a valuable workshop on investments directed at the trainees. During the workshop, he told them about various investment opportunities and gave practical advice on how to start investing in the financial markets.

The ‘Reading corners’ project had the KIR Foundation and OctaFX distribute many hundreds of books to schools all across the country—among them a primary school in Musa Yar’Adua, Katsina State. The project there became the de facto first opportunity for children to start their English language journey, since there was no other place nearby to get the relevant books.

In Pakistan, the global broker has been involved and is still involved in the HES project—or the ‘Health, Education & Safety’ Program for the children of the Muzaffargarh district. The initiative has been launched together with the Association for Women’s Awareness and Rural Development (AWARD).

The charity directs its efforts at improving the health, education, and safety of children in twelve rural areas of Muzzafargarh, Punjab. The project’s further midterm plans are ambitious, yet essential: safety sessions on preventing children from sexual abuse, violence, and exploitation with children and communities, enrolment of disadvantaged children in schools.

Whereas 2022 was an eventful and fruitful year in terms of charitable Ramadan activities, the current year is planned to at least match the strive to good, giving, and generous deeds—within the company, its traders and investors community, and Muslim communities as a whole.

Anyone who would like to take part in this year’s Ramadan celebration and salute the 2023 holy month together with OctaFX, can get acquainted with the terms and conditions and join the campaign by visiting the broker’s website.

Hashtag: #OctaFX

The issuer is solely responsible for the content of this announcement.

About OctaFX

is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and a variety of services already utilised by clients from 180 countries with more than 21 million trading accounts. Free educational webinars, articles, and analytical tools they provide help clients reach their investment goals.

The company is involved in a comprehensive network of charitable and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.

OctaFX has also won more than 60 awards since its foundation, including the ‘Best Online Broker Global 2022’ award from World Business Outlook and the ‘Best Global Broker Asia 2022’ award from International Business Magazine.

Fishermen in Pakse Rescue Woman Trying to Attempt Suicide

A young woman was rescued after attempting to end her life at the Laos-Japan Bridge on Tuesday.

On Tuesday, a young woman attempted to take her own life by jumping off the Laos-Japan Bridge in Champasack Province. 

CCTV Refurbishment Completed Across 93 Locations in Vientiane Capital

93 Different CCTV Cameras Across Vientiane Completely Upgraded
CCTV monitoring room at the Ministry of National Defence. ( Photo : Lao Security News )

The Ministry of National Defence’s Communications Department has taken charge of the new CCTVs installed in Vientiane Capital, as part of a refurbishment project started on 24 August 2022, by the private company KPG Communications Sole Co. Ltd.