Multi-Chain Capital: Next Steps
Our Next Steps to Version 3
In our project progression, our aim is to ensure that Multi-Chain Capital users and community members receive proper compensation as we move to the next phase of the project.
The Multi-Chain Capital Team
In the relatively short time that Multi-Chain Capital has been in existence of around 20 days, the team has evolved and changed at a rapid pace.
The entire team, from additional developers, moderators and advisors has and will continue to change in this dynamic environment however the core Ethos will remain the same.
To those in the community calling for us to improve the Team — we hear you. We are making changes in real-time.
Improving the Team
We have already made a few changes in regards to development, moderators and advisors.
Most Notable, is the Improved Development: The Version 3 Token Contract has been done by Moontography and features a few enhancements over previous iterations.
How Will The Version 3 Migration Occur?
We have three main categories of holders who deserve compensation, MCCv1 holders (as of Nov-30–2021 12:00:11 AM +UTC), MCCv2 AirDrop holders and new buyers of MCCv2 (as of Dec-08–2021 01:54:36 PM +UTC).
- MCCv1 Holders — Will be able to Claim 1:1 their token balance from Version 1 (Snapshot Block #13711588).
- MCCv2 Holders of their AirDrop — Will be able to turn in their v2 Tokens for ETH compensation. (Snapshot Block #13765166)
- Users Who Purchased MCCv2 — Will be able to turn in their v2 Tokens for ETH compensation at a higher rate, since they market bought $MCC on Uniswap. (Snapshot Block #13765166)
After turning in their MCCv2 tokens for Ethereum, users will then be able to directly swap to $MCCv3 or $OKLG or cash out.
Any MCC purchased on a Centralized Exchange (CEX) will not be eligible for airdrop claim or compensation. MCC has no formal relationship with any Centralized Exchange at this time. Any MCCv1 or MCCv2 listing was not approved by Multi-Chain Capital.
How Are We Funding This?
With the marketing treasury and farming funds we have slightly over $5M to fund this operation without dipping too much into our farming investments.
We have suspended taking any risky investments until the Version 3 migration is completed, this way we still have Ethereum in the treasury to use for this migration.
For the MCCv3 Liquidity Pool, we are injecting liquidity from the Treasury into the Uniswap Liquidity Pool.
What Happened With Version 2 AirDrop?
In short, the Version 2 AirDrop resulted in a few technical issues that made it unworkable for the future of the project.
What Went Wrong?
- The AirDrop was taxed at 20% — the Version 2 contract has taxes enabled for all transfers, including wallet to wallet and AirDrops, which resulted in everyone’s amount being cut by at least 20%.
- The Version 2 Contract has a 20% Tax — this tax is 20% on both buy/sells, which are not the same tokenomics we set out originally in the project and are not adjustable.
This is our technical error, and this is why we have proceeded to Version 3 to compensate our users and the community for these issues.
Security
We are in process of completing testing and the Smart Contract will be audited by Solidity Finance and Certik
Dual-Network Launch
In addition to launching Multi-Chain Capital v3 on Ethereum, we will also be launching on PancakeSwap on Binance Smart Chain (BSC).
Users will be able to bridge their Ethereum tokens to BSC, and visa-versa to enable users of either network to trade $MCC.
Frequently Asked Questions
Q: I bought MCC — Version 1 — What do I get?
A: As long as you held your tokens up until our Version 2 announcement on Block #13711588, you will receive Version 3 tokens.
Q: I bought MCC — Version 2 Tokens after the AirDrop, what do I do?
A: You will use the v2 Swap on our website to be compensated in Ethereum for your tokens.
Q: Why not just reward MCC holders in with ETH Dividends instead of Buy Backs?
A: The whole tokenomics of Multi-Chain Capital depends on high volume so that existing users receive their reflections and the treasury grows for farming.
Q: Do you have a Multi-Signature Wallet for the farming or marketing funds?
A: For the marketing funds, we will be creating a multi-signature (Msig) wallet to hold these funds on the Ethereum network. For the farming wallet, the technicality of farming on multiple chains and in multiple different farms is not possible with a multi-signature wallet, however we are exploring all options to increase security.
Timeline
Our goal is to launch on Monday December, 13th 2021.
Next Steps
Watch our Website for the Upcoming MCCv3 AirDrop Claim and MCCv2 Compensation dApp.
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
