II. Index Computation Rules

To ensure the spot index price accurately reflects the spot market price of each token, we have carefully selected the market prices of 3 or more major exchanges as the weighted index constituents for each token. Measures are introduced to handle abnormal situations.

1. Spot Index Price Constituents

2. Spot Index Price Computation

1. The latest price and volume of each index constituent is retrieved from selected exchanges in real time;
2. If the relevant exchange is under maintenance, or if any constituent price/volume has no update for certain time (vary from currency), the constituent data will be temporarily treated as invalid and excluded from index calculation;
3. For trading pairs with BTC as quote currency, the prices will be converted to USD by multiplying the OKEx BTC/USD index;
4. Final calculation depends on the number of exchanges with valid data, details as follows:

• More than 3 exchanges with valid data: apply equally-weighted price average (however, if the price of any exchange deviates more than 3% from the median price of all exchanges, the exchange's price will be bounded within median price * 0.97 and median price * 1.03);
• Only 2 exchanges with valid data: apply equally-weighted price average;
• Only 1 exchange with valid data: its last traded price will be used as the index price directly.