@DarkForestCapital and myself wanted to drop by and introduce ourselves. We created the Metaverse Index almost a year ago and have been managing it since ($70m in assets at the top, $25m currently). Next week, we will be launching the MetaPortal Gaming Index ($GAME), which is entirely focused on the gaming space. Similar to ETFs in traditional finance, indices allow easy, one-click exposure to a given theme or a trend.
$GAME will include a 5% allocation to the MC token. One of the benefits for the MC token (and other tokens in the index) is that indices tend to be reliable long-term holders of the underlying tokens. Other than rebalancing and redemptions, indices don’t trade out of tokens once a position has been established. The Metaverse Index, for example, holds close to $5m of $ILV, $3.5m of $MANA, $SAND and $AXS each, and so on. Ideally, we use these holdings to participate in governance as well, but that functionality is not yet live.
Anyhow, we are always open to opportunities for cross-promotion or cross marketing, happy to host someone from the team on the pod or support in any other way. If you have any questions on $GAME or anything else, please comment, join us in the MetaPortal Discord or tag us in the MC Discord.
First of all, thanks a lot for stopping by and creating this thread on our governance forum. We are excited to see that $MC is gonna be included in the $GAME index.
We are keen to work on some content together to get a clear story on what Merit Circle exactly is, and how we differentiate from most other parties that are around.
Also happy to do some cross-promotion around your launch.
I don’t see any negative consequences by adding MC to any index tbh, as that index need to buy $MC tokens to include them. Will be voting YES on this proposal.
Thank you for writing this proposal. We’re quite familiar with a variety of index (mainly MVI, DPI) products, and we’d love to see the inclusion of MC to $GAME.
Nice! Fan of the podcast and $MVI ~ not holding, but sold in a good place;) Also a big fan of Index Coop and I don’t see a game-related channel in their Discord. Are you launching this index independently?
Thanks everyone, really appreciate the warm reception here!
In the near term, we plan on writing a deep dive into MC after the launch of $GAME and having someone from the team (@MC_MARK) on the pod.
@rickydazla - we are launching $GAME independently, primarily for economic reasons. Would love to see you in our Discord and happy to answer any questions on the rationale or anything else $GAME-related.
Sorry that I am new around. Just writing a fundamental analysis report about Merit Circle, and honestly, I feel like after the report I will hang around here for a while more (: I was curious about whether you made any cross-marketing activity with MC due to your MC listing in $GAME token?
