MAG7.ssi

MAG7.ssi is a decentralized index token issued on the Base blockchain by the SoSoValue Index Protocol, designed to give holders exposure to a basket of the seven largest cryptocurrency projects by market capitalization in a single wrapped token. It addresses the complexity of managing multi-asset crypto portfolios by packaging those positions into one on-chain instrument that tracks the collective value of its underlying assets. The product is aimed at people who want broad market exposure without actively selecting or rebalancing individual tokens.

The SoSoValue Index Protocol uses on-chain smart contracts to hold the underlying assets and issue MAG7.ssi as a wrapped token whose value moves with the basket it represents. The basket starts with an equal 10% weighting across each of its seven constituents and is rebalanced monthly, with a buffer mechanism intended to limit unnecessary transaction friction while still allowing emerging large-cap tokens to be included over time. No consensus algorithm or block time is applicable to MAG7.ssi itself, as it is an application-layer token that settles on the Base network rather than a standalone blockchain.

The data stored for MAG7.ssi does not include a fee stream, revenue figure, or protocol earnings metric, so no fee-based measures such as price-to-fees ratios are available on this page. This means observers cannot assess the protocol's income or any distribution to token holders from this dataset alone. The circulating supply stands at 167,372,187.59 tokens, the fully diluted valuation equals the market capitalization at a ratio of 1.0, and 100% of the maximum tracked supply is already in circulation with 0% dilution overhang, indicating no additional token issuance is pending.