Multi-Chain Capital: The Road to Becoming Hyper-Deflationary
MCC Circulating Supply Reduction
As Multi-Chain Capital evolves, so do our tokenomics to keep pace with the market. A majority of the other projects are inflationary in their tokenomics by Minting tokens in return for providing Liquidity or by Bonding Assets into a Treasury. In sharp contrast, $MCC will become hyper-deflationary by sending 35% of the total supply into a “blackhole” address which will forever compound thus increasing the burn rate.
By sending the tokens to a “blackhole”, these can never be taken out because no user has the private keys to this address. This reduces the circulating supply of the token, and in addition, the reflections will continue to compound in this wallet, further capturing circulating supply as volume increases. This puts MCC on the road to be hyper-deflationary.
Significant Token Burn
To kick start the process of Multi-Chain Capital becoming deflationary, the supply from the “Burn Box” as well as the unclaimed “Version 3 AirDrop Migration” tokens were burned to the blackhole.
- Tokens Burned — 1,490,559,582,252.75 $MCC
- Total Value Burned (TVB) — $67M
- Net Reduction — 35% Total Supply Removed
[TXID-https://etherscan.io/tx/0xc449a5a1f999bd00ff558e8607f68e86d96633743d46e5e9f2929baefbc2e5fe
https://etherscan.io/tx/0xce345f6b05f54c8852d33784bd4242de9389e49e35c5630db0f6e002a10d71c7]
Reduction in Market Capitalization
- Market Cap Before Burn — $189M
- Market Cap After Burn — $122M
Reduction in Circulating Supply
This action of burning also significantly reduces the circulating supply, cutting nearly 916B tokens from the supply.
- Circulating Supply Before Burn — 3,160,179,465,143.59 $MCC
- Circulating Supply After Burn — 2,244,100,554,208.40 $MCC
- Net Reduction — 29% Circulating Supply Removed
The current circulating supply can be viewed at any time via the $MCC Circulating Supply API (Powered by OKLG).
Turbo Reflections Enabled
In order to optimize reflections for users, we have decided to disable reflections on the SmartContract holding the Bridging Tokens. This will in turn increase the amount of reflections coming to holders, because the current supply in the Bridge contract will no longer be receiving reflections.
[TXID —https://etherscan.io/tx/0x3d20a53ca508657ae075a9e77753770efd5b336e6b535ffd52de01cb090520eb]
The Future of Multi-Chain Capital
With a large marketing budget, and ample Treasury for buy backs, we have a huge allotment at Multi-Chain Capital that gives us plenty of room for future growth.
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
