Convert Useless Coin USELESS to Bloomberg Galaxy Crypto Index BGCI

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.

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.