What is Metaverse Index (MVI) Token?

Metaverse Index (MVI) is a crypto asset index designed to capture the trend of entertainment, sports and business that will take place in virtual environments. This index allows users to build a portfolio and invest in various projects in the metaverse sector. Here are the key features of the MVI token and index:

MVI Token and Portfolio:

The Metaverse Index (MVI) token is a crypto asset that can be bought for $25.53 and can be purchased as 1 share as of January 22, 2023. This token allows users to invest in a balanced way in 16 different metaverse projects such as Illuvium, Axie Infinity, Sandbox, Decentraland, Enjin, WAXE, Rally, Audius, Yield Guild Games, Decentral Games, Ethernity Chain, NFTX, Whale, Terra VirtuaKolect, Rarible, REVV.

Component Weighting:

The selection of MVI tokens is based on certain criteria. These criteria include being on the Ethereum blockchain, being in certain categories on Coingecko, having a total market capitalization of over $50 million, having at least 3 months of trading history and price/liquidity history.

Index Calculation:

MVI uses the root market capitalization and liquidity weighting to determine index weights. This calculation is a combination of the square root of the market capitalization weighted allocation (75%) and the square root of the liquidity weighted allocation (25%) for the token weight (TW).

Index Directory Maintenance:

The index is updated quarterly in a two-stage process. In the determination phase, the index evaluates projects in specific categories in Coingecko. In the rebalancing phase, the index composition is updated and new weights are set based on the previous quarter's results.

This index provides a solution for users who want to invest in metaverse projects in a diversified and balanced way. However, before investing, it is important to carefully review the index and get information about the current status of the project.