Index Cooperative offers a range of token-based index products, which could be streamed, issued, and redeemed against a fee (supply-side fees).

Index Cooperative is an asset management protocol built on Ethereum. Index Cooperative was founded by Set Protocol and launched in 2020.

INDEX tokenholders own and govern the protocol. They currently take all of the total streaming fees paid by liquidity providers (revenue).

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Index Cooperative

# Index Cooperative Maximum token supply Methodology

## 1. Overview

The token supply maximum metric represents the theoretical maximum number of tokens that can ever exist for the IndexCoop protocol. This is a protocol-defined constant that establishes an upper limit on token issuance. Unlike circulating supply metrics that change over time based on minting and burning events, the maximum supply is a fixed value determined by the protocol's governance and smart contract specifications.

## 2. Data sources

This metric does not derive from blockchain transaction data but instead uses:
- **Protocol specifications**: IndexCoop's governance-defined maximum token supply limit
- **Token contract parameters**: The maximum supply cap encoded in the protocol's smart contracts
- **Launch date information**: The official launch date when the protocol became operational

## 3. Step-by-step calculation

### Component A: Protocol constants definition
- **Purpose**: Establishes the fixed maximum token supply and protocol launch date
- **Logic**: Sets the maximum token supply to exactly 10,000,000 tokens, representing the theoretical ceiling for all IndexCoop tokens that can ever be minted. The launch date is established as October 7, 2020, marking when the protocol became operational.
- **Key fields**: `timestamp` (launch date), `token_supply_maximum` (10,000,000), `timestamp_grain` (daily reporting frequency)

### Final aggregation
- **Time series formatting**: The finalize metric macro applies a fill-forward strategy, meaning the maximum supply value of 10,000,000 tokens is propagated to all dates from the launch date onward
- **Metadata standardization**: The output includes standardized metadata with `data_id` set to 'indexcoop' and daily timestamp grain
- **Reporting continuity**: Since maximum supply is constant, the same value (10,000,000) is reported for every day from October 7, 2020 forward

The final metric value is always 10,000,000 tokens, representing IndexCoop's protocol-defined maximum token supply limit that remains constant over time.

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

Maximum number of tokens that can exist under the current token economics.

Index CooperativeINDEX

Maximum token supply

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