Place/Date: - June 18th, 2022 at 9:51 am UTC · 3 min read
One rapidly developing industry among the vast blockchain networks is the enigmatic world of DeFi. The name speaks for itself, with the wide range of services, protocols and dApps, decentralised finance offers its users everything a central bank does, but with more efficiency, security ..oh and complete anonymity.
Off to a rocky start what with the notorious scandal surrounding Frog Nation, the reveal of Sifu as the project’s treasurer and Andre Cronje’s abrupt departure sent tremors through the community, but make no mistake, it is acting fast to rectify those setbacks. The industry is at its embryonic stage, where start-ups learn hard and fast from their mistakes, paving the way for huge opportunities and exciting new cryptocurrencies soon to arrive.
One such project is Mushe Token (XMU), which attempts to make digital money equally accessible for the OG from the community and the rest of the flock. Let’s dive in.
If you are following crypto even tangentially, you know that most show reluctance to indulge in new cryptocurrencies because of the sometimes complicated methods of interacting with the end products. Well, have no fear because Mushe Token is here to change that by accelerating the mass adoption of cryptocurrencies through delivering a very intuitive UX interface for its everyday users.
In providing simplified, seamless interoperability, the project sees decentralisation as the key to bringing a global population one step closer to understanding and rewarding the evolution of cryptocurrency. The advent of Web 3.0 coupled with the unification of an ethically minded approach.
The project has its sights set on soaring ambitions, not least of which is a desire to become the leading digital cryptocurrency and wallet for day-to-day users. In doing so, there are three main objectives that Mushe Token follows:
XMU is built as a decentralised token in order to facilitate peer-to-peer interaction, rewards, and governance. It is currently powered by the Ethereum blockchain with plans to migrate to Stellars’ open network. The reason? Stellar provides a proven blockchain noted within the community for low transaction costs and financial inclusion for day-to-day use.
The token will play a significant role within the Mushe ecosystem by supplying liquidity to the exchange and a unified user experience. How?
Apart from DeFi features, Mushe is planning to introduce its own metaverse (MushiVerse), where users can engage in all sorts of digital services and buy and sell unique NFTs. They aren’t stopping there, a P2E game currently in development will encourage in-game items to be purchased or sold using the platform’s native token (XMU). In addition, the platform is set to host different gaming competitions, where players can receive huge prizes based on the (XMU) rewards system.
All things considered, the future of Mushe Token both on the DeFi front and Web 3.0 looks bright, so don’t miss your chance to purchase this new cryptocurrency before the second presale stage ends on the 4th of July 2022.