Mu Continent WP Major Update
For the sustainable development of the Mu project in the metaverse era, we introduced the DAO mechanism and updated the white paper.
In our journey westward across the Atlantic we shall pass in sight of that spot where once existed the pride and life of the ocean, the Land of Mu — The Antediluvian World (1882).
- Introduction
Mu Continent is a token on Binance Smart Chain which brings the ultimate revolutionary mechanism to BSC ecosystem: A sustainable economic model with Vaults, Referral Program, Hold and Earn, and Black Hole design that exponentially builds community consensus. Combine these four together with 100% decentralized liquidity pool in USDT on PancakeSwap and you get a power house token out of the hands of anyone, except the community as a whole.
2. Tokenomics
Max Supply: 210 Billion
Burned: 100 Billion (47.619%)
90% of the 110 Billion token is added to LP on Pancakeswap.
10% of the 110 Billion token for the dev team.
3. Features
3.1 Transaction Tax
Every transaction is taxed a fee which is 8%.
3.2 MuDao BTC Vaults
- 36.75% of every transaction tax is sent to the BTC Vaults pool which will be used to buy BTC mining riggers. You can check our online BTC mining riggers status at https://pool.btc.com/dashboard?access_key=r_MO4bSrWr9XC2v&puid=676074
50% of Vaults profit (mined BTC by BTC mining riggers) is redistributed to holders, 40% of Vaults profit is redistributed to Liquidity Provider (LP), and 10% of Vaults profit is for the dev team.
NOTE:
(1). If you are a holder of MU tokens and want to get rewards from the BTC Vaults pool, you need to stake your MU tokens in our DeFi products, and the smart contract will use the ratio of the number of MU tokens you stake to the overall staking amount to distribute the rewards of the BTC Vaults pool. Your staked MU tokens can be redeemed after 180 days, and once you redeemed your MU tokens, you will not be able to get rewards from the BTC Vaults pool.
(2). If you are a Liquidity Provider (LP) and want to get rewards from the BTC Vaults pool, you need to stake your LP tokens in our DeFi products, and the smart contract will use the ratio of the number of LP tokens you stake to the overall staking amount to distribute the rewards of the BTC Vaults pool. Your staked LP tokens can be redeemed at any time, and once you redeemed your LP tokens, you will not be able to get rewards from the BTC Vaults pool.
3.3 MuDao MU Vaults
– 19.25% of every transaction tax is sent to the MU Vaults pool. 100% of Vaults profit(MU) is redistributed to Liquidity Provider (LP).
NOTE:
(1). If you are a Liquidity Provider (LP) and want to get rewards from the MU Vaults pool, you need to stake your LP tokens in our DeFi products, and the smart contract will use the ratio of the number of LP tokens you stake to the overall staking amount to distribute the rewards of the MU Vaults pool. Your staked LP tokens can be redeemed at any time, and once you redeemed your LP tokens, you will not be able to get rewards from the MU Vaults pool.
3.4 LP Acquisition
– 12.5% of every transaction tax is locked as liquidity in the PancakeSwap liquidity pool, creating an ever-rising price floor.
3.5 Burn
– 12.25% of every transaction tax is sent to burned address.
– The burn address is also a holder thus each transaction helps deflate the supply.
3.6 Advocate Reward
– 8.75% of every buy order transaction tax is used for the referral reward. You can be the Advocate by sending the Referral 1,000 MU token. When the Referral converts, the advocate receives 8.75% of Referral’s every buy order transaction tax.
NOTE: To get the reward, The minimum token position is required to be no less than 210,000 MU.
3.7 Advocate Reward Pool
– 8.75% of every transaction tax is sent to Advocate Reward Pool. Advocate Reward Pool funds will be evenly distributed to the top 21 advocates. “Top 21” means the trading volume (“buy order volume — sell orders volume” of all “down line” users volume) of advocates’ Referrals every 7 days.
NOTE: The reward distribution is weighted based on the LP ratio of the top 21 advocates.
3.8 FOMO Reward Pool
– 1.75% of every transaction tax is sent to the FOMO Pool.
– If there is no transaction within 120 minutes, 10% of the FOMO Pool funds will be sent to the last valid buyer of the previous FOMO winner who buys no less than 100,000 MU.
3.9 Anti-tax Avoidance
In addition to trade(contact transaction) on PancakeSwap, Transfer(wallet transaction) is also taxed.
4. Road Map
2021 Q2
– Protocol Initialized: We prepared the main features and completed the R&D
2021 Q3
– Fair Launch on PancakeSwap
– Liquidity Pool locked for 6 months
– Marketing promotion
2021.Q4
– Partnership with listing sites
2022–2024
– MuSwap
– Partnership with CEX
– NFT: Provide NFT products through Arts-come-after model
– Game: Earn profit by competing with others, betting, or predicting the price of cryptocurrencies
– Start to work on anti-quantum technology to protect on-chain assets.
Twitter: https://twitter.com/MUConFinTech
Telegram: https://t.me/mucontinent
Github: https://github.com/MuConFinTech
youtube：https://www.youtube.com/channel/UCbXy0g1sIMP2ZEvfeloF1dw
Bitcointalk: https://bitcointalk.org/index.php?topic=5348015.msg57403953#msg57403953
