As XMR struggles to attract investors, MUTM is leading the DeFi revolution

Monero (XMR) has struggled to recover from the recent dip in price, which has slowly eroded investors’ confidence. Looking for growth, investors have turned to Mutuum Finance (MUTM) . The innovative features of Mutuum Finance (MUTM) are fast making it one of the most talked-about projects in DeFi. Let us take a deep dive into the features offered. The Mutuum Finance (MUTM) token The success of the platform is closely tied to the success of the MUTM tokens, especially in the early stage of the platform, since it is new to the market. The token must meet the expectations of investors to ensure that Mutuum Finance attracts enough users. To ensure the token succeeds, the team plans to use various incentives and mechanisms to attract new users. The first strategy will involve directing most of the protocol’s revenue to buying MUTM tokens on the open market. This will have the direct impact of raising the price of the tokens on exchanges where they are expected to be listed. These tokens will then be distributed to mtToken stakers who contribute to the safety module for a set period. This strategy will also be crucial to absorbing the selling pressure from the presale buyers. Additionally, it will help to balance liquidity mining emissions needed to ensure favorable conditions for lenders and borrowers on the protocol. After this initial buying of MUTM tokens, the team will move on to a new stage, where protocol profits will be reinvested into the platform. The investments will be directed at expanding the pools, the safety fund, marketing activities, and more. However, they plan to keep buying MUTM tokens using protocol proceeds with a set upper cap for rewards. This will ensure the protocol’s growth is not hampered. That will ensure that the buy and distribute program is efficient. The goal is to ensure a successful launch of MUTM tokens that will spur long-term value addition on the protocol. The Mutuum Finance roadmap Mutuum Finance has an exhaustive roadmap that covers all critical points needed to make this project a long-term success. So far, they have completed 75% of the milestones for phase 1. The only two milestones remaining are the creation of education content and the formation of a legal team. One of the most notable milestones in phase 1 of the roadmap is the completion of an external audit. The team listed the results of their CertiK audit, which they successfully completed. The audit reports stated that Mutuum Finance (MUTM) is a safe project for early investors. It has played a critical role in boosting confidence in the presale, which has now raised over $10.1 million. The other notable milestone in phase 1 of the roadmap is the successful listing on a tracking platform. Mutuum Finance (MUTM) was officially listed on CoinMarketCap, which is a major achievement considering that it is still in the presale stage. The CertiK audit also means that the process of getting listed on a top-tier crypto exchange will be much easier. Leading crypto exchanges often perform security checks before adding new projects. One of their main requirements is a CertiK audit. Coupled with the massive following online and the huge war chest from the presale, the team is expected to list MUTM on a major exchange with ease. The CoinMarketCap listing provided a huge boost in trust, since the platform carefully vets new projects before listing. With the results of the CertiK audit, the process was quite easy. It signals that Mutuum Finance is a safe project. The listing will ensure that traders will have an easy means by which to discover the project, which is expected to provide a massive boost once the tokens are publicly listed. Update on the Mutuum Finance (MUTM) presale The Mutuum Finance (MUTM) has been a massive success that has sent waves throughout the crypto market. So far, it has raised over $10.1 million. Participation in the presale has been gaining momentum, and it has over 11,700 unique buyers to date. Tokens in the current phase 5 presale are going for $0.03, which is a 200% increase from the phase 1 price of $0.01. Despite the increase, the pace of the presale has gone up, with over 25% of the tokens in phase 5 of the presale already sold, barely a week after it began. One of the main catalysts for the fast speed of the presale is the ongoing $100,000 giveaway . The team plans to give away $10,000 worth of MUTM tokens to ten lucky winners each. To participate in the giveaway, you only need to make a $50 purchase of MUTM tokens in the ongoing presale. The Mutuum Finance (MUTM) project is a hotbed of technical innovation that will upend DeFi as we know it. By adding MUTM to your portfolio at the low price of $0.03, you have a chance to be part of one of the biggest DeFi projects while it is still on the ground floor. For more information about Mutuum Finance (MUTM), visit the links below: Website: https://www.mutuum.com/ Linktree: https://linktr.ee/mutuumfinance The post As XMR struggles to attract investors, MUTM is leading the DeFi revolution appeared first on Invezz

Source: Invezz