Multi-Chain Capital Atomic Swap Bridge is Live
The ETH to BSC Bridge is Open, and our Updated Farming Strategy
Version 3 Launch Statistics
- 7,500 Holders combined between ETH and BSC.
- 5,300 AirDrop claims processed [Until Monday 11am EST to Claim]
- Back to Trending #1 on DexTools.
- Other Projects are Accumulating $MCC in their Treasury, or offering rewards payouts in $MCC, both of which are bullish because they provide buying pressure.
- We’ve hired two new frontend Web Devs.
- We’ve hired a professional team of Moderators to provide 24/7 coverage.
- We’ve also on-boarded a head of operations, AltCoinGirl.
- In addition, we have added new Community Managers, OptimusBull and Fomonacci as well as several others.
Announcement ETH — BSC Bridge:
The Ethereum to Binance Smart Chain (BSC) Bridge is now open for transfers of $MCC. This is powered on the backend by Moontography’s bridging system, which is actually pretty simple and easy to setup.
We’re extremely excited to announce the activation of the ETH / BSC bridge functionality. Previous holders of MCC were able to claim their tokens on the ETH network and hence without any sell pressure on BSC we have seen the price practically double on that side before finalizing the development of the front end for the swap bridge.
As we decided to activate the swap bridge and offer the opportunity for whale holders to instantly profit from the price arbitrage, we decided to use our treasury funds to take advantage of the arbitrage opportunity and balance the price with the ETH chain.
With this action, we were able to add ~$150k of Liquidity to the $MCC / $BNB pool:
[TXID — https://bscscan.com/tx/0x756576013053d5bd24c2671a0b2a4d0a86961fd1c34477ae8bc64dd2469c1c98]
This strategic decision allows us to fairly balance the price across both chains and use the proceeds to not only add to current BSC liquidity but bolster the Treasury.
Steps to Use the Bridge:
#1. Visit the Multi-Chain Capital Bridge
#2. Select the Amount of $MCC to Bridge
#3. Click “Bridge”
#4. Confirm the “Approval” Transaction for $MCC
#5. Confirm the “Transfer” Transaction for $MCC to Bridge.
#6. [Important] Write down the Bridge Information Returning Including the Unique Identifier, Swap ID and Amount. You will need this to obtain the tokens on the other side of the bridge.
Updates on the Farming Strategy
We are evolving the farming strategy to maintain the treasury for the long term. This includes diversifying into stablecoins to establish a long run rate.
We are organizing the farming investments into three main categories:
1. Low Risk — Stablecoins in LP pools ($DAI, $USDC, $USDT on Curve)
2. Medium Risk — Bluechips and Crypto ($ETH, $FTM, $MATIC, $AVAX)
3. New Projects — High risk projects with evolving communities ($TOMB, $KLIMA, $FLOKI, etc.).
FAQ:
Q: Will staking be supported?
A: This is technically possible in the contract since we have no transfer tax for wallet to wallet or wallet to contract transfers, however we are not announcing anything at this moment.
Q: Will the increased supply lower our reflections?
A: Yes, this has been brought up as people have noticed less reflections vs. Version 1. This is a two fold thing, first, Version 1 was inflating at a high rate, which also improved people’s reflections as there was more supply. However, back to this question, our contract has the ability to “Exclude” addresses from receiving reflections. This means that we could for example, exclude the bridge contracts from the reflections, which technically are locked tokens from the circulating supply, and then those reflections would go to holders, instead of going to that contract holding the $MCC tokens.
Q: Does the Burn Wallet earn reflections, and will it continue to do so?
A: Yes, any tokens we send to the burn address will receive reflections, taking the tokens out of circulating supply and holding them forever. While this technically does not “burn” the tokens or remove them from the total supply, they can be considered locked forever.
Q: Can we please reiterate to the public that the reflections you earn are not diluted when more people buy the token, thats a rumor floating around.
A: The reflections earned by holders are not diluted as more people buy, they are sent evenly to all holders based on the supply they are holding. We are going to exclude reflections for the bridge wallet and swap contract, so that all reflections go to holders and not these addresses.
Q: When the buybacks will starts?
A: The team just wanted to get past the AirDrop claim and bridge so that buybacks are not used for exit liquidity or arbitrage opportunities.
Q: Who owns the top 3 wallets? and What will the wallets be used for?
A:
#1. Swap Contract — those are the remaining tokens for the v1 AirDrop, not all will be used. After the migration portal is closed, these will be extracted and used for burns.
#2. burnbox.multichaincapital.eth — the name says it all, this is a wallet we have completely set aside for token burns. This will be added to as we take the remaining tokens from the swap contract.
#3. This is the ETH to BSC bridge contract — It is seeded with 500B MCC tokens, which are locked in the contract until someone decides to bridge over to BSC. These tokens can be considered out of circulation.
Q: MCC v1 and v2 Contracts, can they be turned off?
A: Technically, no they cannot be disabled. They are fixed in their deployment, and the liquidity is locked. We are however working with DexTools to provide a redirect to the new contract. In addition, we are considering, as a longer term option, trying to drain the liquidity pool by collecting tokens and selling them.
Additional Information:
- Website:
https://mchain.capital - Discord:
https://discord.gg/4GwbcQNa7P - Telegram:
https://t.me/MultiChainCapital - Twitter:
https://twitter.com/MulChainCapital - Medium:
https://multichaincapital.medium.com
