· Testnet v0.93
General MarketEN
...Founder Index
IMMG
Immigrant Founders
NAV / Share
as of Apr 5, 2026
$0.9869
1 Day NAV Change
as of Apr 5, 2026
—
Total Value Locked
as of Apr 5, 2026
—
Holdings
as of Apr 5, 2026
9
NAV / Share
as of Apr 5, 2026
$0.9869
1 Day NAV Change
as of Apr 5, 2026
—
Total Value Locked
as of Apr 5, 2026
—
Holdings
as of Apr 5, 2026
9
Why This Index?
- Founders building outside their home country. Immigration selects for risk tolerance, and risk tolerance selects for crypto founders. The most personal founder signal in the catalog.
- Equal weighting across 14 immigrant-founded tokens. Crossing borders before crossing industries selects for the willingness to bet on the unknown — a trait crypto demands.
- The immigrant founder premium is not about geography. It is about self-selection. People who uproot their lives to build in a foreign country have already demonstrated the conviction that crypto requires.
Investment Objective
Equally weights 14 tokens from founders who built outside their home country, rebalanced monthly. Captures the risk tolerance premium of immigrant founders, where crossing borders before crossing industries selects for willingness to bet on the unknown.
Portfolio Composition
CRO11.1%
VELO11.1%
MMT11.1%
OSMO11.1%
SDEX11.1%
SUN11.1%
SUSHI11.1%
THE11.1%
RUNE11.1%
Concentration Metrics
TOP 5 WEIGHT
55.6%
TOP 10 WEIGHT
100.0%
HHI CONCENTRATION
1111
Low
Founder Intelligence
Based on 17 founders across 9 portfolio companies
Age Distribution
Gender Split
Top Nationalities
3
3
2
2
1
1
Hong Kongese
1
1
1
1
1
Top Universities
2012)
2
2
Adam Mickiewicz University
1
Poznan
1
Universidade Federal de Minas Gerais (BSc Engineering
1
1998); University of North Carolina at Chapel Hill; INSEAD (AIEP
1
1
1
1
1
Performance
Loading NAV data...
Holdings
as of Apr 5, 2026
| # | Name | Weight▼ | Price | 24h |
|---|---|---|---|---|
| 1 |  CRO | 11.11% | $0.0693 | -0.87% |
| 2 |  VELO | 11.11% | $0.0036 | -3.16% |
| 3 |  MMT | 11.11% | $0.1412 | +26.65% |
| 4 |  OSMO | 11.11% | $0.0304 | -1.04% |
| 5 |  SDEX | 11.11% | $0.0020 | -0.67% |
| 6 |  SUN | 11.11% | $0.0174 | +1.22% |
| 7 |  SUSHI | 11.11% | $0.1911 | -2.65% |
| 8 |  THE | 11.11% | $0.1033 | -4.70% |
| 9 |  RUNE | 11.11% | $0.3798 | +0.04% |
Fund Details
NAV / Share
as of Apr 5, 2026
$0.9869
Chain
Index L3 (Orbit)
Settlement Address
0x963250...1F93b2
Rebalance Method
Equal Weight
Fund Inception
—
Asset Class
Crypto Index
ITP ID
0x000000...00002d
Number of Holdings
9
Portfolio Characteristics
Top 5 Concentration55.6%
Top 10 Concentration100.0%
HHI Index1111 (Low)
Average Market Cap$400M
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.