Topic: [RFC][ANN]Mu Continent - A Sustainable DeFi Protocol on BSC - page 4. (Read 601 times)

Hey bro, Team discussed your suggestion and update the whitepaper. Thank you!

Hello everyone,
Mu Continent will be officially launched at some point from July 9th to July 30th. At that time, www.mucoin.us will remove password verification. Please refresh the official website from time to time.

Thank you for your input. And we do agree with your opinions. I Hope Mu can manage to make things done.

But as I said,,, this is a direct result of the userbase. And that,,, is a direct result of the type of marketing done for most defi projects and altcoins which is token marketing. Which is why I said try to build on the concept to get a userbase of users. Now, this kind of token marketing, making it all about the token, attracts only speculators. Mechanisms will fail eventually, but use (utility) will win the day eventually:)

Here is the Twitter: https://twitter.com/MUConFinTech

Yes, it is undeniable that Pump-Dump-Exit is a common phenomenon in DeFi today. We have observed many projects and learned some of their experience, hoping that our mechanism can solve these problems. I think the user base you mentioned is really important. We have already got in touch with some communities and hope they can get involved. Fortunately, at least we have a platform to try.

I think the mechanism is fine,,, this is defi after all but you really need to look into this sustainability aspect if you are serious about it. So many different forms of token economics have failed to bring a token past even 12 months of stability.

For me the main critical issue is the userbase. If you have users you are fine. But defi is only attractive for speculators at the moment, right?

Hello,
Dev team is testing the smart contract, so the SC is not launched on mainnet yet.
We plan to launch it around 15th July, maybe earlier. follow our Twitter and stay tuned !

what's token address?

Thanks for the info, we try to find some people who want to have some fun at the community part, dev resource is secured.

We have received some website proposals already.

Have you found someone with experience in building great sites? if not, I suggest you to look for it on the service section of this forum.
It looks like you created this thread to share project ideas, but you don't have a complete team yet, am I right?

Hi, community is working on it.

what's the website link?

We wanted to make the project more interesting, so we thought of the concept of Mu. DeFi brings many possibilities, like looking for the treasure of Atlantis. But in essence, the DeFi mechanism will determine the sustainability of the project. If you have any suggestions for the mechanism in the White Paper, I hope you can tell us and we will seriously consider it.

Ok, so you guys start off so nice with a nice antideluvian continent and mythology etc but then nothing else is reflected in this storyline:)

I hate defi and I think most of it are nonsense,,, but I love a good story and I really liked some concepts out there,,, the cake and syrup lines of BSC's Pancakeswap are getting interesting.

Who is writing your stuff?

Hi, we are looking for someone from community to make a website.

also, we  will share TG group link once ready.

If you have any suggestion on white paper, pls let us know!

If you can make a website for Mu, please contact us [email protected]

I want to know more about Mu Continent

Do you have an official website or a telegram group？

Request for comment | Contact: [email protected]

BSC Contract: 0xCE262761DF57C72999146B7A6A752DA03835DB4A

update WP at 2022-03-17. Pls also check wp at https://www.mucoin.us/whitepaper/

White Paper:


0. Mu Continent
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).

1. 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
- 112.25% 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.

Social Media
Website: https://www.mucoin.us
Telegram: https://t.me/MuContinent
Twitter: https://twitter.com/MUConFinTech
Telegram Channel: https://t.me/MuContinentANN
Medium: https://mucommunity.medium.com/
YouTube: https://www.youtube.com/channel/UCbXy0g1sIMP2ZEvfeloF1dw



---------------------

Old White Paper (Just for Reference)


White Paper:

0. Mu Continent
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).

1. 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 Declining Transaction Tax
Every transaction is taxed a fee according to the following rules:
– The initial transaction tax is 12%.
– Holders exceeds 100,000. The transaction tax is 10%.
– Holders exceeds 200,000. The transaction tax is 8%.
– Holders exceeds 400,000. The transaction tax is 6%.

3.2 Vaults
– 1/3 (33.333%) of every transaction tax is sent to the Vaults pool.
– 50% of Vaults profit is redistributed to holders, 40% of Vaults profit is for MU “buyback-and-burn”, and 10% of Vaults profit is for the dev team.
– Users who early withdraw Vaults profit need to pay 50% tax. The early withdrawal time is 168 hours.
– When the Vaults pool has 3 million USDT, the community can vote to decide whether to share 70% of the Vaults pool funds through smart contracts. If the voting result is to share the funds, the funds will be distributed to the top 2100 users according to the MU staking amount, and the remaining 30% of the funds will remain in the Vaults pool until it reaches 3 million USDT again.

NOTE: To get the reward, You need to stake at least 21 million MU.

3.3 LP Acquisition
– 1/6 (16.667%) of every transaction tax is locked as liquidity in the PancakeSwap liquidity pool, creating an ever-rising price floor.

3.4 RFI Static Rewards
– 1/12 (8.333%) of every transaction tax is redistributed to holders.

3.5 Burn
– 1/12 (8.333%) 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
– 1/12 (8.333%) 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 10% of Referral’s every buy order transaction tax.

NOTE: To get the reward, The minimum token position is required to be no less than 1 million MU.

3.7 Advocate Reward Pool
- 1/12 (8.333%) 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: To get the reward, The minimum token position is required to be no less than 1 million MU.

3.8 FOMO Reward Pool
– 1/6 (16.667%) 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.

3.10 Anti Pump-Dump-Exit Whales
Transactions (sell/buy/transfer) that trade more than 1% of the total supply will be rejected.

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
– MuSwap
– Partnership with listing sites
– 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

2022
– Start to work on anti-quantum technology to protect on-chain assets.