MVI: One-click investment of the whole meta-universe | project introduction

From focusing on a single NFT project to exploring the integration and connection of several NFT projects, numerous NFT parallel universes have been explored. Art, games, fad play, even identity and finance, when all these come together to form a very real virtual world, which is often called "Metaverse".

The word "Metaverse" was first introduced in the 1992 science fiction novel Snow Crash, which presented the next phase of the web after virtual reality.

But even before VR became widespread, the metauniverse was already growing at a rapid pace. In the field of blockchain, the meta-universe has won the favor of countless people. The first reason is that NFT technology can better help the project party to achieve assets right confirmation, verification, preservation and other functions; The second reason is the idea that the inhabitants of the crypto world have always been advocating decentralization that is hard to achieve in the real world, but in the meta-universe Web3 applications have become widespread and people are free to build the world they want. The dystopian spirit of crypto aborigines makes them yearn for this free, unfettered, borderless virtual world.

And when it comes to cryptocurrency, it's hard to avoid the word "investment." In crypto, the easiest way to invest in a project is to invest in its tokens, and the easiest way to invest in a sector is to invest in index tokens. For people who want to invest in the NFT sector, they can buy the index token NFTX, but for people who want to invest in the meta-universe, is there a meta-universe index token?

The answer is: yes.

Introduction of MVI

Index Coop, a community focused on Index token offerings, launched the Metaverse Index token MVI, a basket of 15 NFT, Web3 app tokens designed to capture the migration of entertainment, sports, and commerce to virtual environments. The token is currently available at  Tokenset  And Uniswap.

The concept of virtual world is not a new product, but with the development of The Times and technology, more and more people start to pay attention to this field, and more and more things that can only appear in the physical world are gradually transferred to the virtual world, coupled with the sudden COVID-19 epidemic. By allowing people to do business, entertainment, socialize and so on only in the virtual world, it also helped the development of the meta-universe to some extent.

The creation of the Meta Index Token (MVI) has turned the hot trend of the Meta into an investible token that allows people to invest in the Meta even if they don't know what it's all about.

At the time of writing, MVI was trading at $71.36, with about $110,000 in 24-hour trading volume and a total market capitalization of $4,131,300, according to Coingecko.

The advantage of MVI

What are the advantages of MVI as an index token?

Convenience: As an index token, MVI reflects the market trend of the concept of the meta-universe, so users can directly use MVI to make a basic judgment about the trend of the meta-universe, instead of constantly researching many projects and adjusting their investment portfolio.

Risk control: MVI is a combination of multiple Web3 application tokens and NFT tokens. Therefore, it is difficult for a single token to have a huge impact on MVI and achieve risk control.

Cost-efficiency: As mentioned above, MVI is composed of multiple tokens, and users need to pay a lot of Gas if they buy these tokens separately, while MVI tokens only need to pay the Gas fee once, which improves the cost efficiency.

Transparency: Additions, deletions, and scale adjustments to various tokens included in the MVI are displayed.

Scrip screening

Current percentage of MVI portfolio

As can be seen from the figure above, all the tokens in the MVI portfolio are of high quality. So how do the project parties select these tokens during the selection process?

First of all, the project party selects the following categories of projects in Coingecko: NFT, Entertainment, Virtual Reality, Augmented Reality, and Music.

Second, these projects cull out tokens that have issued ERC20 tokens, have a market value of more than $30 million in circulation, and have sufficient liquidity on decentralized exchanges.

At the same time, during the screening process, the project party also carried out a basic review of these tokens. The project will review whether the token classification is correct and consider whether the project meets the definition of meta-universe, whether it will be transferred to Layer2, what impact it will have on the liquidity of Dex, and whether it will affect the equity of token holders, etc.

Finally, the specific token weight will be calculated according to the following formula:

TW = 75% * RMCW + 25% * LW

TW: The token weight in MVI

RMCW: The square root of the market capitalization weighted allocation

LW: Weighted allocation of liquidity

How to buy and flow mining

The MVI token was officially launched on April 7 and is currently available at  TokenSet  Or Uniswap. In addition, users can create their own MVI index tokens directly using the underlying components on TokenSet.

Currently, the project party has also initiated a liquidity mining incentive scheme for liquidity providers in the Uniswap MVI/ETH pool, and LP tokens can be pledged at the Index Coop.

The incentive program lasts for 90 days beginning April 8, and the program's goal is to achieve 35% APY on the $5 million pool within the first 30 days. Awards over 30 days will continue to target $5 million in liquidity, based on average mining returns over the past seven days.

If the pool is larger than $5 million, the reward is scaled down (a $10 million pool will receive ½ bonus). Similarly, rewards increase proportionally if the pool is small.

Index funds are actually very common in the traditional financial industry, such as SSE 50, Nasdaq 100, and S&P 500, etc. The birth of meta-index tokens on the one hand proves that more and more people begin to pay attention to this field, on the other hand, it also marks that this field has begun to mature gradually. We believe that the development of the meta universe will completely change everyone's life, and the meta universe index token MVI will enable everyone to personally participate in this epoch-making leap.

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