For those who want to invest in Metaverse, there is a simpler and lower-risk option.
Original title: “MVI: One-click investment in the entire Meta universe｜Project Introduction”
Author: Block Rhythm
From paying attention to one NFT project to exploring the integration and linking of several NFT projects, countless NFT parallel universes have been opened up. Art, games, trendy games and even identity certification and finance. When these are brought together, they form an incomparably real virtual world. , People usually call it “Metaverse”.
The word Metaverse first appeared in the science fiction novel “Snow Crash” published in 1992. In this book, Metaverse is a new form of the next stage of the Internet after the realization of virtual reality.
However, before the popularization of virtual reality, the meta-universe has already begun to develop rapidly. In the field of blockchain, Metaverse has won the favor of countless people. The first reason is that the NFT technology can better help the project party to perform the functions of asset verification, authenticity, preservation, etc.; the second reason is that the residents of the crypto world have been thinking and concepts, and the decentralization they have been advocating is in It is difficult to achieve in the real world, but in the meta-universe Web3 applications have been popularized, people can freely build the world they want, and the dystopian spirit of the encrypted natives makes them yearn for this free, unfettered, and without The boundary of the virtual world.
When it comes to the cryptocurrency industry, the two words that are difficult to circumvent are “investment.” In the crypto field, the easiest way to invest in a project is to invest in its tokens, and the most worry-free way to invest in a certain field is to use index tokens. For people who want to invest in the NFT field, they can buy the index token NFTX. For people who want to invest in Metaverse, is there a Metaverse index token?
The answer is: yes.
Introduction to MVI
Index Coop, a community that focuses on index token issuance, has launched a Metaverse Index token, MVI. MVI is a basket of 15 NFT and Web3 application tokens, designed to capture entertainment, sports, and commerce. The trend of environmental transfer, currently the token can be purchased on Tokenset and Uniswap.
The concept of the virtual world is not a new product. It is just that with the development of the times and technology, more and more people begin to pay attention to this field, and more and more things that can only appear in the physical world are gradually transferred to In the virtual world, coupled with the sudden new crown pneumonia epidemic, people’s business, entertainment, and social activities can only be carried out in the virtual world. To a certain extent, this has also promoted the development of the meta universe.
The birth of the Metaverse Index Token MVI transformed this hot trend of Metaverse into an investable token. People can still invest in this field even if they don’t know what projects Metaverse is involved in.
According to data from Coingecko, as of press time, the MVI token price is US$71.36, the 24-hour trading volume is approximately US$110,000, and the total market value is US$4,131,300.
Advantages of MVI
What are the advantages of MVI as an index token?
Simplicity: As an index token, MVI reflects the market trend of the concept of Metaverse. Therefore, users can directly use MVI to make a basic judgment on the trend of Metaverse, instead of constantly researching many projects and Constantly adjust your investment portfolio.
Risk control: MVI is a combination of a variety of Web3 application tokens and NFT tokens. Therefore, the skyrocketing and falling of a token will hardly have a huge impact on MVI, thereby achieving risk control.
Cost efficiency: As mentioned above, MVI is composed of a combination of multiple tokens. If users want to purchase these tokens separately, it will cost a lot more than the Gas fee, while purchasing MVI tokens only need to pay the Gas fee once, which increases Cost efficiency.
Transparency: The addition, deletion and proportion adjustment of various tokens included in the MVI will be publicly displayed.
Token screening
Current MVI portfolio ratio
As you can see from the above figure, each of the tokens in the MVI portfolio is relatively high-quality, so when selecting, how did the project team select these tokens?
First of all, the project party selected the following categories of projects in Coingecko, namely NFT, entertainment, virtual reality, augmented reality and music.
Secondly, from these projects, we will screen out tokens that have issued ERC20 tokens, have a circulating market value of more than 30 million U.S. dollars, and have sufficient liquidity on the decentralized trading platform.
At the same time, during the screening process, the project party also conducted a basic review of these tokens. The project party will review whether the token classification is correct, and consider whether the project meets the definition of Metaverse, whether it will be transferred to Layer2, what is the impact on DEX liquidity, whether it will affect the rights and interests of token holders, etc. Consider.
In the end, the specific token weight will be calculated according to the following formula:
TW = 75%* RMCW + 25%* LW
TW: Token Weight in MVI
RMCW: The square root of the weighted distribution of market capitalization
LW: Liquidity Weighted Allocation
How to buy and liquidity mining
The MVI token was officially launched on April 7, and users can currently invest in TokenSet or Uniswap. In addition, users can directly use the basic components on TokenSet to create their own MVI index tokens.
Currently, the project party has also opened a liquidity mining incentive plan for liquidity providers in the Uniswap MVI/ETH pool, and LP tokens can be pledged in Index Coop.
The incentive plan will last for 90 days starting from April 8th. The goal of the plan is to achieve 35% APY on a fund pool of USD 5 million in the first 30 days. Based on the average mining return in the past 7 days, the rewards over 30 days will continue to target a liquidity of 5 million U.S. dollars.
If the fund pool is greater than USD 5 million, the reward will be reduced proportionally (the USD 10 million fund pool will receive a reward of ½). Similarly, if the size of the fund pool is small, the reward will increase proportionally.
Index funds are actually very common in the traditional financial industry, such as the SSE 50, the Nasdaq 100, and the S&P 500. The birth of the Metaverse Index token on the one hand proves that more and more people are beginning to pay attention and Paying attention to this field, on the other hand, it also marks that this field has begun to mature gradually. I believe that the development of the metaverse will completely change everyone’s life, and the metaverse index token MVI will allow everyone to participate in personally. This epoch-making leap is coming.
Source link: www.theblockbeats.com
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