MAG7.ssi 

MAG7.SSI Price

What is the MAG7.ssi index token?

MAG7.ssi is a spot index token issued by the SoSoValue Index Protocol (SSI). The token gives holders passive exposure to the top 7 crypto assets by market capitalization in a single instrument. MAG7.ssi launched in December 2024 alongside the sibling indices MEME.ssi, DEFI.ssi and USSI. The token is deployed on Base under the contract 0x9e6a46f294bb67c20f1d1e7afb0bbef614403b55, verifiable on Basescan. DropsTab classifies MAG7.ssi under DeFi and Index.

Is MAG7.ssi a tokenized stock or a crypto index?

MAG7.ssi is a crypto index token, not a tokenized stock. The underlying basket holds the seven largest cryptocurrencies, and no shares of Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta or Tesla back the token. The name borrows the "Magnificent 7" label used for US mega-cap technology stocks. A reader comparing MAG7.ssi against equity-wrapping products should treat it as a spot crypto index with crypto custody.

What is the MAG7.ssi index composition?

MAG7.ssi tracks the top 7 cryptocurrencies by circulating market capitalization, including Bitcoin, Ether, Solana, XRP and Dogecoin. Weights follow a "10% equal weight + circulating market cap" methodology, giving each of the seven assets a 10% base weight. Weights drift with market prices between rebalances. The protocol rebalances the basket monthly, and the latest rebalance took effect on October 31, 2026.

How does MAG7.ssi keep its price aligned with net asset value?

Whitelisted liquidity providers mint and redeem MAG7.ssi tokens through the protocol's smart contracts whenever the market price drifts from net asset value. Professional market makers deposit the underlying assets against newly minted tokens. The underlying cryptocurrencies sit in custody with Cobo and Ceffu, and the protocol publishes proof of reserves daily. This mint-and-redeem mechanism anchors the token price to the basket's net asset value.

Does MAG7.ssi have a maximum supply?

MAG7.ssi has no fixed maximum supply. The token inventory is elastic: the protocol mints new MAG7.ssi when users deposit the underlying assets and burns tokens on redemption, so supply follows capital flows into and out of the index. DropsTab lists no hard supply cap for the token. The current circulating figure is a live number, shown on DropsTab.

What vesting and unlock risk does MAG7.ssi carry?

No vesting schedule exists for MAG7.ssi. The token never had a token generation event allocation, a vesting cliff, or team and investor unlock buckets, because the protocol creates and destroys tokens against deposits and redemptions. Unlock-driven inflation risk therefore does not apply to MAG7.ssi. The supply risk for holders comes from index flows: large outflows trigger redemptions and shrink the circulating inventory.

Did MAG7.ssi raise funding from investors?

MAG7.ssi was never sold to investors and has no fundraising rounds of its own. The issuer's parent company SoSoValue raised separate rounds: a $4.15M seed round in June 2024 led by HongShan, and a $15M Series A in January 2025 at a $200M valuation, also led by HongShan. Those rounds belong to the company and its SOSO token, a separate asset from MAG7.ssi.

Where can you buy MAG7.ssi?

Per DropsTab data, MAG7.ssi trades on Gate as the MAG7SSI/USDT spot pair and on three Uniswap pools on Base, each quoting MAG7.SSI/USDC against the USDC stablecoin. The Uniswap V3 pool on Base carries the primary on-chain liquidity. DropsTab records no derivatives markets for the token. Because centralized listing coverage is thin, order-book depth is limited, and most liquidity sits on-chain. The token can also be acquired by minting directly through the SoSoValue index platform against the underlying assets.

Does MAG7.ssi have a Stake to Earn staking program?

The SoSoValue protocol runs a Stake to Earn program covering MAG7.ssi alongside DEFI.ssi, MEME.ssi and USSI. Participants stake index tokens and accrue points across epochs, with rewards funded in SOSO. Staking Season 2 carried a 30,000,000 SOSO reward pool, and epochs roll over automatically. Earlier, a SoSoValue campaign with the partner 47T distributed $4.7M in MAG7.ssi, up to 47,000 tokens per eligible user, and drew more than $85M in total value locked within three days.