State of the MUE-nion address - https://youtu.be/eVFQhH8iBh4tl;dr
Cut MUE total supply
Cut MUE Emission by reducing staking & MasterNode rewards
Start MBP (MUE buyback program)
Grow YieldFields & Wrapping.services
Add affiliate program to YieldFields
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Hi all, I hope you and your families are safe and well.
Welcome to this state of the MUNION address.
For those of you who don't know me, my name is Byron and I founded MonetaryUnit in the summer of 2014.
I've not been involved with MUE for the past year or two for personal reasons, recovering from burnout, looking after the family, welcoming a little one during lockdown and also working for the NHS helping with the UKs pandemic response.
I hadn't intended to come back to help mue, but I recently had a coffee & long chat with Paul aka pjcltd & he convinced me to at least come back into the mue discord to say hi, which led me to talk more with some of the core team, see what they had done and also about what I could potentially offer to help, as I could see huge potential & I knew I could help the mue team fulfill that potential.
Which brings me to this video, I'm back, and I'm here to help the project.
For those that remember, I used to do these "state of the MUEnion address" videos way back, and I thought it would be an appropriate way to officially announce my return into the project.
So, down to business.
We've identified two simple objectives for growth.
1 - Increase MUE price
2 - Expand yield fields and wrapping services
1 - Firstly, MUE price - Use cases & utility aside, the MUE price has to grow for the project to grow.
With that objective in mind we have agreed to take decisive action to help aid price recovery & create favourable market conditions.
We are going to slash the total supply, we are working out the parameters, with more details to follow.
We are going to slash daily emission, massively decreasing the amount of new mue created each day.
This will have a significant impact on the sell pressure on exchanges, and also create an extremely favourable outlook to newcomers.
Budget rewards will remain the same, helping to focus expenditure to grow the team, improve marketing & services.
We will also be starting the MBP - MUE Buyback Program sponsored by yield fields & wrapping services.
These are both successful, growing, profitable services, and both have committed to spending a portion of profits every single month, buying back MUE through exchanges.
We are still working out the details, we are considering doing a monthly burn (as is currently done with our FIELD token on YF), effectively destroying those mue forever, making the mue already circulating even more valuable.
These are aggressive & decisive tactics which should see significant short term & longer term price growth. Whilst there are no guarantees, and details are still being firmed up prior to community approval, this is not financial or investment advice, but for my own personal objectives, I am personally aiming for $0.10 as our first short term goal over the next few months & aiming higher from there. With a recent ATL of just 9 sats, I don't think anything we do could possibly negatively impact the price - we can do nothing, and see the continued decline, or, we can be brave, and take the bull market by the horns.
2 - Secondly yield fields & wrapping services.
Our primary objective is price, and on the back of that MUE price recovery, funds can be reinvested to grow the development, marketing & support team for all MUE related projects & services.
The team is looking at integrating NFTs and various cashback rewards which will all become possible with a growing MUE price.
Further use cases & utility for MUE can grow organically & be integrated into yield fields, wrapping services & mymue, whilst we look to develop other profitable products & services.
With growing revenue & profits, this all circles back again into objective 1, with a growing fund for the MUE Buyback Program creating a self feeding financial cycle of profits feeding into exchanges, increasing MUE demand & price, benefitting the entire ecosystem in a never ending cycle.
We are also planning on integrating an affiliate program into YieldFields, development is already underway, and will be an extremely powerful tool to drive even more traffic & revenue.
More details to follow.
We are in a position to make this happen, & the talented, devoted team are committed to making this happen asap.
Hindsight is always 20/20, and whilst some past decisions had a negative impact on the project, moving forward, leveraging the fantastic reputation of MUE & with the backing & support of the community, we believe the best is yet to come.
Thank you, I'm very excited again about what MUE can become.
