Experts expect this token to create 2x millionaires than Shiba Inu in 202

In crypto, the mark of a successful crypto project is how many millionaires it was able to create in its heyday.

Shiba Inu (SHIB) is an excellent example of this power. In 2021, Shiba Inu (SHIB) turned $100 and $500 investments into millions of dollars.

However, SHIB has since lost steam. Mutuum Finance (MUTM) is the best option for those looking for the next millionaire project.

Mutuum Finance (MUTM) is a project that is backed by a serious team of developers looking to change the face of DeFi.

To show how serious they are about their project, the team recently released the results of the Certik audit, which showed they passed.

With the audit now behind them, the team’s focus turns to acquiring as many people to join their revolutionary, and secure platform.

Mutuum Finance presale details

The Mutuum Finance (MUTM) presale has raised over $9.4 million so far. It is currently in phase 5, with each token going for $0.03.

Over 8% of the tokens in the presale have been sold, less than a week after it began.

Those who got in during phase 4 accessed the tokens at a price of $0.025, but they have since risen by 20%.

In the upcoming phase 6, the token price will rise by 16.67%. Currently, phase 5 buyers stand to make an ROI of 100% based on the listing price of $0.06.

As part of the presale, the Mutuum Finance (MUTM) project has initiated a $100K giveaway, in which 10 lucky winners will get $10K each.

To be part of this presale, one only needs a $50 investment in the presale.

With the ROI for phase 5 at 100%, it is essentially a free ticket to win a $10K reward.

Mutuum Finance (MUTM) – an innovative, secure platform

Mutuum Finance (MUTM) has already proven to be one of the most innovative DeFi protocols, addressing all issues affecting the DeFi world today.

However, some potential investors were still on the fence regarding its security until the Certik audit cleared their doubts.

The Mutuum Finance (MUTM) lending protocol comes with two modes, which are the P2C, and P2P.

In the peer-to-contract (P2C) mode, lenders deposit funds in a collective pool secured by a smart contract.

Their assets earn a variable interest, with the rate set by the pool’s utilization.

Lenders receive mtTokens in exchange for depositing their funds in a lending pool.

For instance, if they deposit ETH, they will receive mtETH in exchange.

The mtTokens can be used as collateral on the platform for other loans, or traded on secondary markets.

Consequently, it helps users of the protocol unlock their full potential of their staked assets.

Borrowers have the option to access variable and stable rates for loans.

However, the stable rate comes with some conditions. For instance, it starts at a higher rate and is prone to rebalancing if market conditions experience rapid changes.

The second mode is peer-to-peer (P2P), where lenders and borrowers have direct talks with each other via smart contracts.

This mode is insulated from the collective pools since it is designed to be used with highly volatile assets like meme coins.

Those participating in the P2P mode can set favorable terms, while also unlocking the full potential of meme coins, outside of speculative holding.

The third participant in the lending protocol are the liquidators. They are the maintenance crew, helping to ensure undercollateralized loans do not creep their way into the ecosystem.

Their operations are governed by a stability factor. In essence, when collateral for a given loan falls below a certain level, the stability factor triggers a liquidation.

Liquidators purchase this debt for a discount, which ensures the ecosystem is operating at full health.

The dividend payouts

An important aspect of the Mutuum Finance (MUTM) project is that it plans to share dividends with the masses.

These dividends come from platform profits, which will be used to buy MUTM tokens on the open market, and send them to stakers who are helping to maintain the system.

It will ensure the value of MUTM tokens rises over time, while at the same time, causing a rise in interest of people willing to be stakers.

For more information about Mutuum Finance (MUTM), visit the links below:

Website:https://www.mutuumfinance.app/
Linktree: https://linktr.ee/mutuumfinance

The post Experts expect this token to create 2x millionaires than Shiba Inu in 202 appeared first on Invezz