As crypto whales prioritize utility, Mutuum Finance (MUTM) is growing in popularity

Gone are the days when retail investors were the main movers in the crypto industry. As the crypto market has matured, whales have dominated, funneling billions of dollars into utility-based tokens. As this trend holds, one of the most enticing utility-based projects right now is Mutuum Finance (MUTM) . This project aims to deliver long-term returns to its community and has recently begun to draw in whales. Mutuum Finance completes CertiK audit The Mutuum Finance (MUTM) project recently received a major boost when it released the results of its CertiK audit. This has led to a surge in whales looking to secure their tokens while the project is still in the presale. Whales’ number one priority in the crypto market is the security and credibility of a project. Before they can invest, they often check for CertiK results as a basic test. The Mutuum Finance (MUTM) project has a Token Scan Score of 80, according to the CertiK audit results, which has been a major boost in trust in the presale. This is an impressive achievement considering that it is still in the first half of its public presale. The results are expected to play an important role in getting MUTM tokens listed on public exchanges. A listing on a top-tier exchange could send MUTM tokens to the stratosphere due to the ease of transactions and high traffic that these exchanges usually have. The MUTM token value growth MUTM, the native token of the ecosystem, is going to be crucial to the long-term success of this project. For most people, it will be the first point of contact with the ecosystem. People researching Mutuum Finance will most likely first head to CoinMarketCap, which has over 350 million monthly visitors. To ensure that they find positive metrics, the team plans to use protocol profits to purchase MUTM tokens on exchanges. That will lead to positive price movement for the token, boosting confidence in investors. Once they secure their tokens, they could join the ecosystem to benefit from some of the DeFi opportunities it has to offer. Mutuum Finance ecosystem The Mutuum Finance (MUTM) ecosystem is built around the Mutuum Finance protocol, which allows people to participate as lenders, borrowers, or liquidators. To participate as a lender, a user deposits their assets in the protocol, and they start to earn interest. The interest rate on the protocol is dynamically set based on the utilization rate of the protocol. This utilization rate is determined in real time based on the value of assets being actively borrowed compared to the total amount of assets in the pool. When the interest is high, it encourages borrowers to repay their loans, while lenders are incentivized to increase their assets to benefit from the high yields. That process creates conditions for optimal capital utilization. The mtTokens When a lender deposits assets in the protocol, they receive mtTokens in exchange. For instance, when you deposit $2,350 worth of DAI in a pool, you will receive mtDAI tokens on a 1:1 ratio. These mtTokens are a tokenized representation of the value of your deposit, plus any interest accrued over time. The process ensures you remain fully liquid, allowing you to take advantage of new opportunities in the crypto market in real time. This is because mtTokens are based on the ERC20 token standard, which means they can easily be transferred to secondary crypto exchanges. mtTokens also allow you to track your earnings seamlessly, since each mtToken accrues value in real time and can be redeemed at any time by depositing your assets back in the pool. Additionally, these assets ensure that you are always in control of the full value of your assets. MUTM presale update The Mutuum Finance (MUTM) presale is currently in phase 5, where each token is going for $0.03. At the current price, buyers are guaranteed a 100% ROI based on the $0.06 listing price. So far, over $10.3 million has been raised in the presale from over 11,800 unique buyers. In the upcoming phase 6 of the presale, the token price will increase by 16.67% to $0.035, which will also reduce the guaranteed ROI to 71.43%. As such, the current presale represents the best opportunity to double your presale investment. So far, over 28% of the tokens set aside for phase 5 of the presale have been sold, an impressive feat considering that they launched just over a week ago. A major catalyst for this impressive uptake rate is the ongoing $100,000 giveaway . Mutuum Finance (MUTM) plans to give $10,000 worth of MUTM tokens to ten lucky winners. To qualify for the giveaway, you only need to make a $50 investment or more in the ongoing presale. The ongoing presale is a massive opportunity to not only be part of the future of DeFi but also make $10,000 in free money. You should not let this opportunity pass you by. For more information about Mutuum Finance (MUTM), visit the links below: Website: https://www.mutuum.com/ Linktree: https://linktr.ee/mutuumfinance The post As crypto whales prioritize utility, Mutuum Finance (MUTM) is growing in popularity appeared first on Invezz

Source: Invezz