Convert Bloomberg Galaxy Crypto Index BGCI to Useless Coin USELESS

The Bloomberg Galaxy Crypto Index DTF tracks the Bloomberg Galaxy Crypto Index (“BGCI”). The BGCI is a benchmark designed to measure the performance of the largest cryptocurrencies by market capitalization traded in USD. The Index is owned and administered by Bloomberg and co-branded with Galaxy Digital Capital Management. Index constituents are selected based on qualified exchange and daily liquidity qualifications set forth by BGCI rules. Each constituent represents a holding no more than 35% of the Index and no less than 1% of the Index’s overall value. Cryptocurrencies are considered for addition/removal to/from the Index on a monthly basis. Decentralized Token Folios (DTFs) are onchain portfolios that bundle multiple crypto assets into a single token. BGCI is an Index DTF deployed and curated by Re7 Labs on the Reserve Protocol (reserve.org), which supports two main DTF categories: Yield DTFs and Index DTFs.

The USELESS token is a memecoin launched in May 2025 on the Solana blockchain. It was initially positioned as a satirical commentary on the proliferation of memecoins and hype-driven projects in the crypto space. Its defining feature is its radical honesty: it deliberately brands itself as “useless,” offering no promise of future utility, roadmaps, or revolutionary features.