This proposal seeks the following: 
Part A: 5 DOT and .1 Kusama for the idea if passes. 
Part B:Upon passage this proposal seeks a budget of 100 DOTS to create an excel spreadsheet ledger in laboratory fashion, to establish the oracles and a friendly competition. This 100 DOT budget is at discretion of the council to pay for collaborative work - people much better at excel than I. Though I could be present, but that is at discretion of council too. 
Part C: Competition for Polka Index "Opt In time frame" First 25 participants to fund the first Polka Index. Budget .1 Kusama per participant x 25 (2.5 Kusama) 
Part D: Competition winner at 1 month time frame (by increase in PolkaIndex) = 1 Kusama + 1 DOT
Part D: Competition loser at 1 month time frame (by decrease in PolkaIndex) = .1 Kusama + .1 DOT
Part E: Competition winner at 6 months time frame (by increase in PolkaIndex) = 2 Kusama + 2 DOT
Part F: Competition loser at 6 month time frame (by decrease in PolkaIndex) = .1 Kusama + .1 DOT    (unless .1 DOT will vanish....)
Part G: 10 Kusama to designer that tricks out and creates 4 NFT's out of this laboratory experiement: The first 2 I created in this thread, as stated, once created, plus the winner of the competition and the loser at 6 month period.
Part H: 10 Kusama budget for studying how to peg NFT's to oraclized prices. 
Total Budget: 108.2 DOT + 25.8 KSM
What is needed, payment for this idea, a team leader for laboratory (someone knows excel, oracles), and help running competition, weak consensus among first 25 that opt in. 

Do you support an application of a Polkadot Index? Via oracles, parachain partnerships, a decentralized exchange, and commodities and currencies, and existing indexes, it becomes easy to pick the flavor. With time stamp and live time oracles be it the S&P 500 to Gold to Silver to Dogecoin to Alaska King Crab legs and Brent Crude, it becomes possible to create a ledger system and place your order for your favorite flavor. You want 33% DOT, 33% DOGE, 33% Brent Crude, and 1% S&P 500, it is possible to fill the orders. 
From a DOT or Kusama launching pad it becomes possible to order in live time any combination you want, from established indexes, to current price of (you name it), you order it, you own it, that token is pegged at a price, tradeable as in indexed token. 
It is possible. 
Do you support this idea? 
Do you support this idea via incentivizing the concept to development and that includes oracles and ledger to create a "pegged" token, and while the physical commodity is not delivered, it remains a constant market price, thus an index, perfectly tradeable assets, and that include stable coins and NFTs, sports memorabilia - like baseball cards (think MINT price of Hank Aaron, TOPPS 1969, and a Beckett as oracle) (example of oracle on a monthly price or however it is arrived at most current market, some are live, some are bi weekly, that is part of how to establish it).
Do you generally support the formation of think tank to lab to completion? If not, why. if so, why? Each token can show the percent or allocation, by coin or commodity. 



- The proposal is asking for rewards and a budget for creating an excel spreadsheet ledger and establishing oracles.
- There will be a competition for participants to fund the first Polka Index, with rewards for the winners and losers.
- There will be a budget for creating NFTs and studying how to peg NFTs to oraclized prices.
- The total budget for this proposal is 108.2 DOT and 25.8 KSM.
- The proposal asks for support and a team leader for the project.

#285 Polkadot Indexing

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