MAG7.ssi

MAG7.ssi is a decentralised index token built on the Base blockchain that represents a basket of the seven largest cryptocurrency projects by market capitalisation, selected for social consensus and liquidity depth. It is issued by the SoSoValue Index Protocol and is designed for people who want exposure to a broad slice of the crypto market without having to assemble or manage individual positions. The product targets the problem of complexity in multi-asset crypto exposure by wrapping several underlying assets into a single on-chain token.

The SoSoValue Index Protocol uses on-chain smart contracts to hold the underlying spot assets and mint Wrapped Tokens, designated SSI, that track the combined value of that basket. MAG7.ssi starts with an equal 10 percent weighting across its seven constituent tokens and is rebalanced monthly, with a buffer mechanism intended to limit unnecessary trading friction while still allowing new large-capitalisation entrants to be included. The token lives natively on Base and has no consensus algorithm of its own, as it is an application layer product rather than a standalone blockchain.

The data stored for this asset does not include a fee stream — no revenue, fee collection, or distribution figures are recorded. This means that fee-based measures such as price-to-fees or revenue yield, which this site calculates for protocols that do report such data, are not available for MAG7.ssi. What is known is that the circulating supply of 167,644,882 tokens equals the total supply, giving a fully diluted value to market capitalisation ratio of exactly 1.0 at the point-in-time measurement, and a dilution overhang of 0 percent, meaning no additional tokens are scheduled to enter circulation.