MAG7.ssi is a spot index token combining 7 leading cryptocurrencies, yielding annual profits of over 70% thanks to its automatic rebalancing mechanism and airdrop rewards.
This token is issued on-chain Base by SoSoValue Indexes, providing a diverse asset allocation solution with an on-chain total value locked of up to 200 million USD and over 400,000 wallet owners globally.
MAIN CONTENT
MAG7.ssi is a composite index token derived from 7 major cryptocurrencies by market value.
The monthly automatic rebalancing mechanism helps minimize risks and optimize profits.
Currently, the total TVL stands at 200 million USD with over 400,000 investors using it.
What is MAG7.ssi and on which platform is it issued?
MAG7.ssi is a spot index token issued by the SoSoValue Indexes protocol on-chain Base, composed of 7 leading cryptocurrencies by market capitalization such as Bitcoin, Ethereum, and Solana. According to Mr. John Lee, CEO of SoSoValue (2024), "MAG7.ssi is a simple yet effective investment product that helps investors diversify their portfolios and limit volatility." With its origin on a reputable blockchain platform, this token offers high transparency and security for users.
This token utilizes institutional-grade asset custody infrastructure while integrating a monthly rebalancing mechanism to ensure the weight of the coins always aligns with market fluctuations.
How has MAG7.ssi performed and what reasons contributed to its impressive growth?
On July 17, 2024, MAG7.ssi surpassed the milestone of 0.94 USD, increasing by 5.73% in just one trading day. Combined with the SOSO airdrop program when staking the token, investors can achieve comprehensive annual returns of over 70%. Market reports indicate that this high yield comes from the combination of portfolio diversification and automatic rebalancing mechanisms, limiting concentration risk.
MAG7.ssi helps investors access multiple underlying cryptocurrencies within a single token, ensuring attractive returns with minimized risk.
Nguyễn Phương, Director of SoSoValue Analysis, 07/2024
The monthly automatic rebalancing mechanism helps adjust the market capitalization ratios of the coins in the basket, optimizing profits according to the inherent high volatility of the cryptocurrency market.
What is the current total value locked (TVL) and number of users of MAG7.ssi?
As of July 2024, the total value locked on the SoSoValue Indexes protocol has reached 200 million USD, demonstrating the product's appeal within the cryptocurrency investment community. The number of wallets holding this token exceeds 400,000, proving trust and popularity.
With over 400,000 wallet holders and a TVL of 200 million USD, MAG7.ssi asserts its prominent position in the cryptocurrency index token market.
Lê Minh Hoàng, Blockchain Expert, 07/2024
This figure has significantly increased in the last 12 months, indicating sustainable growth potential and widespread community acceptance of index investment solutions on blockchain.
Frequently Asked Questions
What is MAG7.ssi?
MAG7.ssi is a composite index token representing the spot price of 7 popular cryptocurrencies, providing investment diversification and automatic rebalancing, helping to optimize profits and reduce risks.
What is the current staking profit of MAG7.ssi?
Investors staking MAG7.ssi can receive a cumulative return of over 70% per year, including the SOSO airdrop rewards, based on July 2024 market data.
What is the security and asset custody level of MAG7.ssi?
MAG7.ssi uses institutional-grade on-chain Base asset custody, ensuring safety and transparency for all assets in the index token.
Is MAG7.ssi suitable for new investors?
The token is suitable for beginners thanks to its automatic rebalancing mechanism and good diversification, minimizing individual risk when investing in cryptocurrency.
How many people currently own MAG7.ssi?
Currently, there are more than 400,000 wallets holding MAG7.ssi tokens, reflecting strong popularity within the cryptocurrency investment community.
Source: https://tintucbitcoin.com/mag7-ssi-tang-573-vuot-bitcoin-639/
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