· Testnet v0.93
General MarketEN
...Founder Index
IMMM
Immigrant Mcap
NAV / Share
as of Apr 5, 2026
$0.9908
1 Day NAV Change
as of Apr 5, 2026
—
Total Value Locked
as of Apr 5, 2026
—
Holdings
as of Apr 5, 2026
3
NAV / Share
as of Apr 5, 2026
$0.9908
1 Day NAV Change
as of Apr 5, 2026
—
Total Value Locked
as of Apr 5, 2026
—
Holdings
as of Apr 5, 2026
3
Why This Index?
- Immigrant founders by market cap. The immigrant premium concentrates in a few giants — cap weighting reveals the extreme power law within this cohort.
- The largest immigrant-founded protocol dominates the allocation. The remaining tokens provide tail exposure but minimal weight, revealing how concentrated the immigrant success story is.
- For investors who believe in the immigrant founder thesis but want market-proportional expression, cap weighting lets the market's valuation hierarchy determine allocation.
Investment Objective
Weights 14 tokens from immigrant founders by market cap, rebalanced monthly. Reveals that the immigrant founder premium concentrates in a few outsized winners rather than distributing evenly across the cohort.
Portfolio Composition
USDC33.3%
USDS33.3%
DOGE33.3%
Concentration Metrics
TOP 5 WEIGHT
100.0%
TOP 10 WEIGHT
100.0%
HHI CONCENTRATION
3333
High
Founder Intelligence
Based on 2 founders across 1 portfolio companies
Age Distribution
Gender Split
Top Nationalities
1
1
Top Universities
Self-taught
1
Performance
Loading NAV data...
Holdings
as of Apr 5, 2026
| # | Name | Weight▼ | Price | 24h |
|---|---|---|---|---|
| 1 |  USDC | 33.33% | $0.0000 | — |
| 2 |  USDS | 33.33% | $0.0000 | — |
| 3 |  DOGE | 33.33% | $0.0000 | — |
Fund Details
NAV / Share
as of Apr 5, 2026
$0.9908
Chain
Index L3 (Orbit)
Settlement Address
0x963250...1F93b2
Rebalance Method
Equal Weight
Fund Inception
—
Asset Class
Crypto Index
ITP ID
0x000000...000016
Number of Holdings
3
Portfolio Characteristics
Top 5 Concentration100.0%
Top 10 Concentration100.0%
HHI Index3333 (High)
Average Market Cap$0
Fees
as of current prospectus
Management Fee0.00%
+Acquired Fund Fees and Expenses0.00%
+Other Expenses0.00%
=Expense Ratio0.00%
The fee amounts shown above are as of the current prospectus. Network gas costs apply to all on-chain transactions and are not included in the expense ratio.
NAV is calculated from live price feeds. Data updates every 60 seconds. Past performance is not indicative of future results.