# CULT

<mark style="color:red;">**NOTE:**</mark> CULT will be discontinued. Redemption remain open until all CULT tokens are taken out of circulation.&#x20;

***

CULT is a tokenized index product backed by a curated basket of small to medium market capitalization memecoins.

Traditional memecoin index products typically focus on well-established tokens that have already reached significant market capitalization and exchange listings. While these established memecoins offer lower volatility, they limit potential upside for investors.&#x20;

The Memecoin Cult Index takes a thesis-driven approach, focusing on a small, curated basket of memecoins that are defined by their cult-like community followings. Historically, the best-performing memecoins have been those that form extremely strong communities with deep conviction (commonly called memecoin cults). The Memecoin Cult Index specifically seeks out and incorporates these memecoins, providing investors with easy exposure to the most exciting market vertical in crypto.&#x20;


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