Index Cooperative (INDEX) is an ERC-20 token on the Ethereum blockchain, serving as the main component of a decentralised collective focused on developing and improving premier crypto indices. As the governance token for the Index Coop, INDEX allows holders to engage in decision-making processes. Owners of $INDEX have voting rights on proposals related to new product introductions, alterations to current products, management of external protocols, and treasury allocation decisions, among other matters. The Index Coop was initiated on October 6, 2020, by Felix Feng, who is the Co-Founder and CEO of Set Protocol.