Discussions-to: Sentiment Check: Investing 10% of funds into $MVI
Created: August 30, 2021
We invest 10% of our initial honeypot ETH (24.5) into $MVI, the Metaverse Index, from the Index Coop.
This is a proposal suggesting that we put 10% of our initial capital (24.5 ETH) to work by investing it in $MVI, a market cap weighted index capturing the tokens of top metaverse projects.
The Metaverse Index would give us broad exposure to the metaverse, and let us catch the upside of great work happening in NFTs, Gaming, and other metaverse categories with the benefit of being passive.
We purchase $MVI tokens from Index Coop via minting directly on TokenSets
We should generate returns for bear holders, otherwise why do we have such a treasury? We can passively invest in $MVI and capture upside from projects like Axie Infinity, Rarible, and Decentraland.
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