The Sophie Crypto Index was created to fill a gap in the crypto market. Currently, there is a lack of index options in the crypto space, and many investors are left to pick individual coins in order to invest in the market. This can be a daunting task, especially given the volatility of the crypto market.

Additionally, Bitcoin and Ethereum dominate the crypto market, and many investors are left with portfolios that are heavily weighted towards these two coins. The Sophie Crypto Index was designed to address these issues by providing investors with a diversified basket of tokens that tracks the performance of the entire crypto market.

Each token in the index is given an equal weight, regardless of its market capitalization. This ensures that the index is not dominated by a few large tokens, and that investors are able to participate in the growth of the entire market.