Metaverse Index is an index launched by Index Coop. Metaverse Index (MVI) is a basket of tokens designed to capture the trend of entertainment, sports and business shifting to a virtual environment. The index is represented by an ERC20 token.
Selection of the $MVI tokens is based on the following basic criteria:
- The token must be available on the Ethereum blockchain.
- Protocol must be in one of the following token categories on Coingecko: Non Fungible Tokens, Entertainment, Virtual Reality, Augmented Reality and Music. More categories will be added in the future as the market matures.
- Total market cap must be over $30m.
- Protocol must have at least 3 months history of operation and its token must have at least 3 months of price and liquidity history.
- Token must have reasonable and consistent DEX liquidity on Ethereum.
- An independent security audit should have been performed on the protocol and results reviewed by the product methodologist. In the case that no audit has been performed, the methodologist applies subjective judgement of the protocol based on assessment of the criteria above and communications with the team.
- In the event of a security issue the methodologist will work with the project team to understand the issue and any effects to $MVI holdings. The team is expected to provide users of the protocol with a reliable solution and adequate documentation to ensure transparency about any incidents.
- Tokens will not be staked at the launch of the index. This is subject to change as liquidity increases and it becomes possible to safely generate yield through staking.
