Alongside’s first product is AMKT - a market cap weighted basket of the top 15 cryptoassets, rebalanced and reconstituted quarterly. AMKT is designed to enable broad based exposure to the crypto market with a single token.

Alongside is an asset management protocol built on Ethereum. Alongside was founded by Austin Diamond, Gauthier Le Meur, Jun Ho Hong, Ratan (Rai) Sur and launched in 2022.

Alongside is the software provider to to AMKT DAO, which governs AMKT. The AMKT DAO is responsible for creating and maintaining the AMKT Benchmark, a benchmark tracking the crypto-asset market. The DAO is composed of two bodies – the holders of the first implementation of the Benchmark (the AMKT Token), and a set of AMKT Governance Stewards. The AMKT DAO currently charge a management fee which is captured through inflation (revenue). Alongside’s investors include a16z, Coinbase Ventures and Franklin Templeton.

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# Alongside Token incentives Methodology

## 1. Overview

Token incentives represents the USD value of tokens distributed by the Alongside protocol to users as rewards or incentives. For Alongside, this metric is explicitly set to zero as the protocol does not distribute token incentives to users. The metric is maintained for framework consistency and to clearly indicate that no token incentive distributions occur on this protocol.

## 2. Data sources

The metric inherits its dimensional structure from the fees calculation, which uses:
- **Ethereum event logs**: Parsed `IndexToken_MintFeeToReceiver_event` and `Vault_VaultFeeMinted_event` from Alongside v1 contracts
- **End-of-day token price feeds**: USD price data for the AMKT token (`0xf17a3fe536f8f7847f1385ec1bc967b2ca9cae8d`)
- **Token metadata**: AMKT token decimal precision and other metadata for proper amount formatting

## 3. Step-by-step calculation

### Component A: Dimensional structure extraction
- **Purpose**: Establish the time series and dimensional framework for the token incentives metric
- **Logic**: The calculation references the fees model to extract the complete dimensional structure including daily timestamps, chain identifiers, product classifications, and timestamp grain specifications. This ensures token incentives maintains the same granularity and scope as other Alongside metrics
- **Key fields**: `timestamp`, `timestamp_grain`, `product_id`, `chain_id`

### Component B: Zero value assignment
- **Purpose**: Set token incentives to zero for all records
- **Logic**: For each record in the dimensional framework, the `token_incentives` field is explicitly set to 0, reflecting Alongside protocol's design of not distributing token incentives to users
- **Key fields**: `token_incentives` (always 0)

### Final aggregation
- **Combining components**: The dimensional structure from the fees model is combined with the zero token incentives values
- **Currency conversion**: Not applicable since values are zero, but the framework maintains USD denomination for consistency
- **Time aggregation**: Daily aggregation boundaries are maintained from the underlying fees structure
- **Final calculation**: Token incentives equals zero for all time periods and all dimensional combinations (chain, product, timestamp)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Value of native tokens distributed as incentives.

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Token incentives

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