Selection of the DATA tokens is based upon the following criteria:
Token’s Descriptive Characteristics
Data-based Protocol: The protocol provides data-based services or products.
Ethereum Token: The token must be available on the Ethereum blockchain. This will be revised if the Set Protocol infrastructure becomes multi-chain.
Organic Network Activity or Usage: Protocol must have organic network activity or usage. On-chain transaction volume, Total Value Locked (TVL), and/or revenue paid to service providers are all examples of metrics that can be used to demonstrate organic network activity.
Market Capitalization: Circulating market capitalization must be over $100m. Decentralized Exchange (DEX) Liquidity: Protocol token must have sufficient DEX liquidity to support inclusion. If a token has insufficient liquidity, it will be removed from the index during the determination phase.
History: Protocol must have at least 3 months history of operation and its token must have at least 3 months of price and liquidity history.
Security: An independent security audit should have been performed on the protocol and results reviewed by the product methodologist. In the case that no audit has been performed, the methodologist applies subjective judgement of the protocol based on assessment of the criteria above and communications with the team.