About NFTX Hashmasks Index Coin
NFTX Hashmasks Index price today is $2,653.63 with a 24-hour trading volume of $515,306. MASK price is up 7.6% in the last 24 hours. It has a circulating supply of 840 MASK coins and a max supply of 836. Sushiswap is the current most active market trading it.
What is MASK?
How to obtain MASK?
What is NFTX?
NFTX is a protocol for Non-Fungible Token (NFT) index funds that are built on Ethereum.
There are two types of funds on NFTX:
Every D1 fund token has a 1:1 backing against a NFT. For example, if a user owns 2 PUNK-ZOMBIE, that means the user can redeem exactly two random zombie CryptoPunks at any moment.
Every D2 fund token is a Balancer pool's Liquidity Provider token that has exposure to several D1 funds’ token. For example, PUNK is a D2 fund that combines five different D1 Punk funds (PUNK-ZOMBIE, PUNK-FEMALE, PUNK-BASIC, PUNK-ATTR-4, & PUNK-ATTR-5).
How to become the MASK’s Liquidity Provider?
Users can supply one or multiple Hashmasks as collateral, which gives back index fund tokens called MASK. MASK tracks the ETH-floor price of all Hashmasks in the index fund.
The Hashmasks basic pool is set up to accept any Hashmasks and does not consider specific attributes of the NFT. Because of this, this index fund will organically become a fund that attracts the least valuable Hashmasks, often referred to as floor Hashmasks.
Redeeming collateral from an index pool will give users back random Hashmasks from the same index fund - there is no guarantee that users can get back the original deposited Hashmasks.