INDEX Updates January 16, 2024

HE-Index

Website

The HE-Index (https://he-index.io) website has been updated to reflect a live and current richlist. The Tokens and Holdings pages have also been updated to be more reflective of the earnings received as well as how each token helps to build the Index and reward INDEX holders.

A few pages have been removed from the site including the proposals page, which did not see much support overall. If there is a need for it in the future, it can easily be added back to the site.

There are still a few pages to be built and added. A rewards page will be added to show overall rewards within a specific timeline (day, week, month, etc...). We are also looking into adding an explorer or account history page as well as the current market, but there are other things on the priority list first.

We are currently standing up a server for the INDEX to be able to better track account history and transactions, this may take some time to go back to the genesis block of hive-engine. When everything moves over to the new server, you will see a minor (less than 4 hours) amount of downtime on the Index.

The backend of the INDEX has been completely rebuilt over the last few months with the goal of better stability, consistency, and long term function with little to no disruption. You can see the current activity of the Index by looking at its account history. Our goal is to maintain 99%+ uptime for the Index.

Tokens

A few tokens that were previously within the Index have been made inactive. Reasons include a lack of volume, being offline, or that token not doing what it was supposed to be doing. If any of the inactive tokens reach the threshold required, they will be activated again.

Two new tokens have also been added to the Index: ZING and BXT. ZING is the token for the roleplaying adventure game Holozing and BXT is the token for BeeSwap where you can earn rewards just by staking.

Rewards

Reward payouts have been updated to transfer as soon as the reward as received by the payout account @he-indexrewards instead of once per day as it was previously done. This allows a more accurate payout based on your Index holdings at the time of the reward. This also allows the Index holder rewards more frequently than before.

Reward structure has been updated as:

80% sent to Index holders based on the percentage of INDEX held (this has not changed)
6% buys indexed tokens (increases Index value and grows assets within)
6% buys INDEX tokens (decreases INDEX circulation)
6% purchases miners (down from 10%)
2% admin fees (down from 10%)

The goal is to continuously and consistently grow the INDEX and increase its value, even if tokens are not being purchased from the he-index account. By consistently purchasing indexed tokens, in time, the value will increase. By purchasing INDEX tokens from the market, the INDEX will reduce the amount of tokens in circulation while increasing volume for the INDEX token and increasing the overall value of the Index.

Currently half of the rewards to purchase INDEX tokens off the market are being used to buy INDEX immediately, the other half is being saved to be able to mass purchase tokens at one time. The goal being to reduce the amount of "flipping" that is rampant on the majority of tokens in Hive-Engine. Utilizing this method, we can steadily decrease the flipping while increasing token volume over time.

Voting

The Index voter has been rebuilt and is consistently being adjusted to increase the amount of returns on posts. It has already seen an increase in rewards for the LEO, STEM, ARCHON, and CTP communities.

The voter will take some time to maximize returns as any change takes approximately 7 days to see the results of that change.

Updates

Future updates will be published here with a goal of at least one update post published a month as well as weekly market/holder updates. Most of these posts will be automated to ensure timely delivery. We are also looking into an option for people to subscribe to updates on the site via email. We want to ensure this token has the ability to stick around and earn for years and years to come, we believe these updates and changes will help in this goal.