MAG7.ssi

MAG7.ssi is a decentralized index token built on the Base blockchain that represents a basket of the seven largest cryptocurrency projects by market capitalization, excluding Bitcoin and Ethereum from the top tier but including other leading assets selected for liquidity and broad market recognition. It is designed for people who want exposure to a diversified slice of the cryptocurrency market without having to individually purchase and manage each constituent asset. The product targets investors who prefer a passive, index-style approach to the crypto market rather than actively selecting individual tokens.

The SoSoValue Index Protocol uses on-chain smart contracts to bundle multiple underlying assets into a single wrapped token called an SSI, so that one MAG7.ssi token tracks the combined price movements of its constituent basket. The basket starts with an equal 10 percent weighting across its seven components and is rebalanced monthly, with a buffer mechanism intended to limit unnecessary trading friction while still allowing new large-cap assets to enter the index over time. The token lives natively on Base and its fully diluted value equals its market capitalization, meaning all 168,226,645 tokens in the circulating supply account for the entire issued stock, with no additional supply pending or reserved.

The data stored for MAG7.ssi does not include a fee stream, so there are no figures available on this site describing protocol revenue, who pays fees, or how any fees are distributed. This means fee-based valuation measures commonly used for DeFi protocols cannot be applied here. What is known is that the fully diluted value-to-market-cap ratio stands at 1.0, confirming no dilution overhang exists, and that 100 percent of the supply has already been issued.