NINDEX
The NFT token index that tracks the performance of NFT projects and marketplaces on Solana.
What is NINDEX?
NINDEX is a specialized index token that tracks the performance of the top NFT (Non-Fungible Token) projects and marketplaces in the Solana ecosystem. As a sub-index of SINDEX, it provides targeted exposure to the NFT sector, which has emerged as a significant use case for blockchain technology.
NFTs represent unique digital assets, including digital art, collectibles, gaming items, and virtual real estate. NINDEX allows investors to gain exposure to this innovative sector without having to navigate the complexities of individual NFT collections or marketplace tokens.
NINDEX Composition
NINDEX includes a carefully selected basket of NFT-related tokens based on trading volume, floor prices, marketplace activity, and other factors. The current top constituents include:
| Project/Marketplace | Token | Weight | Market Cap | 24h Volume |
|---|---|---|---|---|
| Tensor (NFT Marketplace) | TNSR | 20% | $300M | $25M |
| Magic Eden | EDEN | 15% | $250M | $20M |
| DeGods | DGOD | 12% | $180M | $15M |
| Solana Monkey Business | SMB | 10% | $150M | $12M |
| Okay Bears | OKBR | 10% | $140M | $10M |
| Others (7 projects) | Various | 33% | $480M | $35M |
Note: The composition is rebalanced every 6 hours to ensure it accurately reflects the current market conditions. Projects may be added or removed based on the selection criteria.
Selection Criteria
NFT projects and marketplaces are selected for inclusion in NINDEX based on a comprehensive methodology that considers multiple factors:
Quantitative Factors
- Trading volume (minimum $500K daily) across Solana NFT marketplaces
- Floor price stability measured by standard deviation over 30 days
- Number of unique holders verified through on-chain ownership data
- Marketplace liquidity
- Token market capitalization
Qualitative Factors
- Project longevity and track record
- Team experience and reputation
- Community engagement
- Utility beyond speculation
- Partnerships and integrations
The selection process aims to identify NFT projects with lasting value and utility, rather than short-term hype. This approach helps NINDEX capture the long-term growth potential of the NFT sector while managing the inherent volatility.
NINDEX Tokenomics
Supply Metrics
- Initial Supply:3,000,000 NINDEX
- Maximum Supply:30,000,000 NINDEX
- Circulating Supply:Variable (based on minting/burning)
- Mint Authority:Treasury Contract
Token Utility
- Targeted exposure to NFT sector
- Component of the SINDEX main index
- Staking rewards through st_NINDEX staking token
- Governance rights over NINDEX composition
- Redeemable for underlying assets
Staking NINDEX
NINDEX holders can stake their tokens to earn rewards and participate in governance. When staking NINDEX, users receive st_NINDEX tokens that represent their staked position.
Staking Benefits
Reward APY
12%
Variable based on protocol performance
Lock Period
14 days
Minimum staking period
Staking rewards for NINDEX reflect the unique risk-reward profile of the NFT sector. The staking mechanism helps provide stability to the token price while rewarding long-term holders.
NINDEX Performance
NINDEX performance is tracked against individual NFT project tokens and the broader Solana ecosystem. Historical performance data is available through the platform's analytics dashboard.
Interactive performance chart will be displayed here
Note: The NFT market can be highly volatile and subject to rapid changes in sentiment. NINDEX aims to reduce this volatility through diversification, but investors should be aware of the inherent risks in the NFT sector.