Mu Continent Mechanism Analysis
In the last video course, I gave a brief explanation of the project to help the community have a basic understanding of the project as a whole. Today I will further explain the core design concept of the Mu project, especially the analysis of the vaults pool mechanism. Through this course, we will have a better understanding of the value of MU TOKEN and why the Mu project is sustainable.
Last video course: https://mucommunity.medium.com/mu-continent-35ab12819fb8
You must be familiar with most of the DeFi projects of the MEME mechanism. The more typical ones are Safemoon and Pig. The main features of these projects are reflection, burn and deflation, and the continuous increase of LP pools.
Although Mu also has these mechanisms, if we analyze it from the financial logic, it is not difficult to find that these mechanisms alone are not sustainable. Simply put, once there are no new community members to invest in the project, the value of the project will not rise. If community members lose confidence in the project and sell tokens, it will cause the price to continue to fall, the bubble will burst, and the project will collapse completely.
To solve the problem of unsustainability, Mu has made improvements mainly from the two aspects of community incentives and DeFi positive circulation. This improvement enables the Mu project to have a stronger community consensus than other DeFi projects under the MEME mechanism. That is to solve the problem that the project itself does not have a positive cycle based on ensuring the enthusiasm of community development.
1. Mu Project Designs Advocate Reward
Advocate(referral/promoter) rewards are the community promotion incentive mechanism of the Mu project, and its purpose is to realize the rapid establishment of community consensus. Advocates only need to send 1000 MU to other people’s wallet address to become an advocate. Users who receive 1000 MU will be the advocate’s “down line”, and advocates will receive 1/12 of the buy order transaction tax of “down line” users, which is 8.333%. If the “down line” user sells MU, 1/12 of the transaction tax will not be sent to the advocate, but directly into the burn address. The purpose of this design is to further reduce selling pressure and increase the deflation rate when selling occurs. People are free to buy or sell MU tokens, and we will explain in the follow-up introduction why we are confident that our community members will choose to hold MU tokens with a high probability.
It is important to note that the advocate’s wallet must have 1 million MU tokens, otherwise the above benefits will not be obtained. If the advocate holds less than 1 million MU, even if he transfers 1,000 MU to someone else, he will not be the “up line” of that user.
Let us give an example to help everyone have a better understanding:
Let’s use wallet address 0xA35bEC0431b93f7b3848D21a602A48fabF10d399 as advocate address. And wallet address 0x367c69d3d6aDa580040574BB25b550A736cB3597 as “down line” user.
(1) You (advocate) can check your MU status at https://stats.mucoin.us/
(2) You (advocate) buy more than 1 million MU to meet the minimum position of the advocate.
(3) You (advocate) send 1,000 MU to 0x367c69d3d6aDa580040574BB25b550A736cB3597 and make him as your “down line” user.
If you have many “down line” users you can also check your relationship by querying at https://bscscan.com/token/0xce262761df57c72999146b7a6a752da03835db4a#readContract -> “23. GetPlayerAddr” for the specific user.
(4) “down line” users buy MU token and You (advocate) get 1/12 of the buy order transaction tax, which is 8.333%.
Buy order TXID: https://bscscan.com/tx/0x461e7d685c75845a3e11210b1341627239ebaff5956bea04e7175e077efb757a
2. Mu Project Designs Top21 Advocate Reward
Top21 is a reward for the advocates who actively promote the Mu project and achieve outstanding results. In a Top21 cycle (7 days), 1/12 of all transaction taxes, which is 8.333%, will be sent into the advocate reward pool by the smart contract (https://www.mucoin.us/top-21-advocates/). The top 21 advocates (“buy order volume — sell orders volume” of all “down line” users volume) with the most total net volume of “down line” users will share the funds in the advocate reward pool equally. We have made some designs on this mechanism to avoid those early users who can always get Top21 rewards. if advocates are squeezed out of Top21 after they entering Top21 will only, he will lose the possibility of entering Top21 again, this can happen if the advocate slacks off this week, or don’t promote Mu project as hard as others, or “down line” users keep selling MU. However, being squeezed out of Top21 does not affect the advocates’ commission rights to get 1/12 of the buy order transaction tax of “down line” users. If the advocate still wants to participate in the competition for Top21 rewards after being squeezed out of Top21, he can use a new wallet address. This design allows old users and new users to have an equal opportunity to get Top21 rewards in each cycle. In theory, advocates who receive Top21 rewards will generally sell their rewards, forming a certain degree of selling pressure, but at present, the phenomenon of selling Top21 rewards is not common, which shows that our advocates have confidence in the project. Please note that you must have 1 million MU positions in your wallet, otherwise you will not be able to get the above benefits.
Let us give an example to help everyone have a better understanding:
(1) You (advocate) can check your Top21 status at https://www.mucoin.us/top-21-advocates/ You can check the MU token in pool and how much time left for the current Top21 cycle (7 days).
(2) When the Top21 cycle (7 days) counts down to 0, the smart contract will automatically send the MU in the advocate reward pool to the winners.
TX ID: https://bscscan.com/tx/0x5751c76b937f0123409fc4f12a45bebe916c8d549f3654b59195dd2c36baab9a
(3) Since the top 21 prizes are equally divided, when someone’s performance enters the Top 21, one will be randomly removed from the original Top 21. This design concept is to encourage the enthusiasm of advocate between the 22nd and the 32nd.
3. Mu Project Designs ROMO Reward Pool
The design of the FOMO prize pool is a mechanism to ensure the activity of the Mu project. 2/12 of each transaction fee, which is 16.667%, will be sent into the FOMO prize pool by smart contract (https://www.mucoin.us/fomopool/). The more trading transactions, the more funds accumulate in the FOMO pool.
Currently, The FOMO prize pool has reached $13,000. If there is no 100,000 MU buy order within 2 hours, 10% of the funds in the FOMO pool will be sent to the previous winner who placed a 100,000 MU buy order.
As far as the current situation is concerned, the value of 100,000 MUs is about 2 US dollars. Assuming that the user buys 100,000 MUs, and no 100,000 MU buy order happens in the next 2 hours, then he will be the winner and get a bonus of 1,300 US dollars at least.
The setting of this mechanism is very interesting. In the initial stage of the project development, because few users know/understand the MU project and buy orders are very limited, then community members will try their luck and keep trying to buy 100,000 MU; As the community grows, the value of MU is recognized by more and more people, the price of MU will become higher and higher, especially with MU’s MEME mechanism. The cost of buying 100,000 MU may be US$20 or even US$200. At this time, maybe community members are not willing to try to buy 100,000 MU to join the FOMO bonus game. At this time, the competition of the FOMO reward will decline, and then it is very likely that there will be winners. This “Gambling and Playing Chess” process will always run through the MU project, and the MU project will have continuous attention and transaction volume.
Please note that you must have 1 million MU positions in your wallet, otherwise you will not be able to participate in the FOMO reward competition.
Let us give an example to help everyone have a better understanding:
(1) You can check your FOMO status at https://www.mucoin.us/fomopool/ You can check the USDT funds in pool and how much time left from the last valid buy order.
You can also check the last valid buy order address at https://bscscan.com/token/0xce262761df57c72999146b7a6a752da03835db4a#readContract -> “3. _lastBuyAddress”
(2) If there is no 100,000 MU buy order within 2 hours, 10% of the funds in the FOMO pool will be sent to the previous winner who placed a 100,000 MU buy order.
In our example, 0x1786466763eba79f92f35336d3934c52cfe70788 get the FOMO reward, 1,324.92 USDT!
TXID: https://bscscan.com/tx/0xc0b5e3518ff305d59cbfbd2c86b863f02d7dac2779951ab2f3642e4caa0b7c9a
4. Mu Project Designs Vaults Pool Realizing DeFi’s Money Making Money
The vaults pool is a branch of DeFi and a core mechanism of the Mu project. We can consider the vaults pool as a decentralized fund. Many other projects also have the concept of vaults pools. When users choose to participate in different vaults pools, they choose different fund products.
The vaults pool of the Mu project is different from other projects. In the initial stage of the project, 4/12 of each transaction fee, which is 33.33%, will be sent into the vaults reward pool as the original accumulation of funds by the smart contract (https://www.mucoin.us/vaultspool/).
The current vaults pool has accumulated to 50,000 US dollars, once the vaults reward pool funds reach 200,000 US dollars, Mu’s vaults product will be officially launched (we have completed the development of the vaults product). At this time, the user can share the profit of the Mu vaults pool by staking the MU tokens at our Dapp. This design makes the MU token different from any other MEME mechanism tokens (Safemoon, Pig, DOGE, etc.). Because if users buy those tokens, they can only expect the project team to burn money to develop the community and promote it. Only the increase in the price of the token can gain profits. Such projects are difficult to sustain.
On the contrary, even if the price of the MU token drops, users can always get the benefits of the vaults pool product, making the project sustainable. Mu’s vaults product is connected to DeFi lending and mining (BTC, ETH, etc.), and its return rate is much higher than that of traditional centralized fund management. The higher the return, the more investors will be attracted. Investors must hold MU tokens to share the benefits of the Mu vaults project, and the scarcity of MU tokens (the total amount is determined, and the “transaction and burn” leads to rapid deflation) makes the continuous increase in the price of MU tokens. This virtuous circle makes the ecology of MU form a closed loop. As far as the current explosive development of the cryptocurrency and DeFi industry is concerned, the return rate of the Mu vaults product will only continue to increase, which is a financial product with extremely low risk.
In addition to high-yield investors entering the market to buy MU tokens, to further promote the development of the Mu project, 40% of the profits from the vaults product will be used to buy back MU. The purpose of this is to boost the confidence of MU holders by increasing the price of MU tokens. At the same time, for the long-term sustainable development of the Mu project, 10% of the vaults product profit will be used by the development team to continue to develop industry-leading products.
To make it easier for everyone to understand the MU vaults product, we made a simple analogy:
* Compared with DeFi projects that pursue high APY, such as YF, MU is constantly deflating based on a certain amount of liquidity. Just imagine, if the YF token keeps deflating, its current price may have already exceeded 200,000 US dollars.
* Compared to MEME tokens that pursue continuous deflation, such as PIG, MU provides additional financial stability based on deflation. Imagine that before the PIG token is 100x, you have already got your investment back. Then the Pig community members will never sell the golden eggs without hesitation after the PIG token is 100x. It is very likely to be a 10,000x project.
At present, there is still some time before the vaults pool is officially launched (200,000 US dollars). We will continue to disclose more details of the Mu vaults product to ensure that every member of our community understands the characteristics of the Mu vaults pool, for example, when the funds of the vaults pool reach 3,000,000 US dollars, the community can vote to decide the usage of the funds.
5. The Mu Project Empowers MU Tokens and Makes MU Token a Golden Egg
We have already seen that the Mu machine gun pool gives the MU tokens additional value, that is, only by holding currency pledges can the DeFi benefits be shared. The ecology of the Mu project is by no means limited to the single ecology of the machine gun pool. The Mu project team is constantly developing more DeFi product lines:
* The game, Metaverse, is tentatively scheduled to go online when the holders reaches 200,000.
* MuSwap, a decentralized exchange, is tentatively scheduled to go online when the holders reaches reaches 400,000.
* NFT function, is tentatively scheduled to go online when the holders reaches 500,000.
* post-quantum cryptography, is tentatively scheduled to go online when the holders reaches 1,000,000. This makes our assets 100% safe.
With the continuous development of the industry and the continuous enrichment of the Mu project’s DeFi product line, the MU tokens held by community members will become more and more valuable. This is the vision of the Mu project-a sustainable development on the Binance Smart Chain DeFi innovation. Let us work together for the success of the Mu project.
At the same time, we will gradually release the Mu project on public chains such as SOL, HECO, OKT, and ETH to gain more users.
Twitter: https://twitter.com/MUConFinTech
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Github: https://github.com/MuConFinTech
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