VirgoX New Product — VirgoX NFT Avatar Index Fund

VirgoX
VirgoX Exchange
Published in
2 min readSep 2, 2021

To help our clients holding and moving NFT products in the trading zone, and to eliminate users’ barriers from limited information, blind purchase and sale of NFT products, brand backlog, blocked channels, and etc.,VirgoX has launched an innovative product — the VirgoX NFT Avatar Index Fund. The sub-product of the first phase is Meebits Index Fund and the 0N1 Index Fund.

1. Why are NFT products in-demand:

  • Everything is “NFTable”.
  • Brand value (All-star brands have broad sales channels and unlimited room for value increasing).
  • Liquidity (depth and volume of assets).
  • Unique features (unique token standards, royalties, collection fees, game privileges, etc.).
  • Additional service products (partnership).

2. Product direction:

Create index funds with mainstream NFT brands.

3. Operational instructions:

  • VirgoX selects for users the NFT brands with high traffic and quality.
  • Taking the market price (ETH) of the brand’s common version as the core standard, fluctuate the transaction market price based on the brand’s price on OPENSEA.
  • Users only need to enter a specific AVATAR index fund to purchase (using ETH) the product, and can redeem ETH at any time through the open market sale of fund shares.

4. Product advantages:

  • Although NFT products have become the trend of the times, there are only a handful of institutions in the market that specialize in NFT investment brokerage.
  • Professional team DD market supply and demand, item scarcity; update and adjust products at a timely basis; select the best investment brand for our users.
  • The selected brand has strong value retention, high value-increase potential, and wide acceptance.
  • The NFT collection address of the formula index fund and the purchase-sell price of the NFT product is open and transparent, which is convenient for users to compare and view at any time to understand the direction of funds.
  • Full flexibility of purchasing and selling, solving liquidity problems to avoid occupying users’ liquidity.

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. VirgoX will make its best efforts to choose high-quality assets but bear no responsibility for the users’ losses.

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VirgoX
VirgoX Exchange

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