New Dashboard and MultiNodes FAQ
View Portfolio Information on the New Multi-Chain Capital Dashboard
- Over 27,000 Holders across both Ethereum and Binance Smart Chain.
- $MCC Added to TrustWallet for Ethereum Chain
- Hyper-Deflationary Tokenomics Continue to Burn Supply — Total Burned Supply at 36.77%
- New Website Dashboard Released
- Next Twitter Twitter Spaces — Regularly on Every Thursday
[Click to Here to Listen to the Recording of this Update on Twitter Spaces]
Website Dashboard Update
- Completed Redesigned Dashboard
- Highlighting Total AUM and What Chain Assets are Located
- Calculation of Reflections Earned
Buy Back Ledger
- Total Buy Backs: $1.8M
- Average Buy Back: $44K
The value of the Multi-Chain Capital Treasury is currently $9.8M.
We have over $2.5M in Stablecoin farms and vaults. We have focused on accumulated $USDC and $DAI as we sell off assets from the Treasury to reduce our risk exposure.
First, Curve, a standby Bluechip offering also on Fantom, we have over $890K in $USDC and $DAI earning $FTM and $CRV tokens as well as trading fees from the pool.
Next up, Beethoven-X, which is a fork of Balancer on Fantom. In this pool we have paired $USDC and $DAI to earn $BEETS tokens and trading fees, with an APY that fluctuates between 5–10% APY depending on token price.
Lastly, we have approximately $915K in Tarot Finance, which provides a yield of ~7% APR.
Tomb Forks on Fantom
In addition to investing in Tomb Finance. We have also made some minor allocations into a TOMB Fork (2OMB). We have earned 0.47 $2SHARES (for free by staking on Beefy Boost) and staked these $2SHARES for $2OMB at 875% APR.
There is currently a “war” going on between the Tomb.Finance creators and the forks in regards to the nature of Open Source software.
In addition to Yield Farming investments, we have also made allocations into Node-based projects which provide a life-term passive income on an initial investment after node creation.
- Strong Nodes — 25 Total Nodes (Last Week was 23)
- Strong per Day — 2.5 $STRONG (~$475 per $STRONG)
Our StrongNode income is over $1.1K per Day, and using this income, based on a community vote, we are compounding this into new nodes. This process is as follows: build up a balance of 10 $STRONG; create a new StrongNode; Repeat. At the current rate we can create a new StrongNode every 4 days (last week it was every 5 days).
Q: Will you have a proper documentation section?
A: Yes, we have started creation of our formal documentation, and this will be hosted on GitBook.
Q: What will the usability be like for MultiNode?
A: We have the goal of making a MultiNode as easy to setup as an iPhone or other device with a wizard like interface. Our overall Ethos is “bringing DeFi to the masses”.
Q: Where will the $MCC for rewards come from and how are the suggested ROI’s (1%) sustainable?
A: Multi-Chain Capital will be taking a multi-faceted approach to ensuring the MultiNodes product and reward stream is sustainable.
#1. First, we will have an $MCC Rewards Pool that we will constantly add all $MCC from newly created nodes to.
#2. Second, this $MCC Rewards Pool will continue to compound and earn reflections from Buy and Sells of $MCC, which will increase the amount of total rewards.
#3. Third, with the stablecoins collected upon node creation, these will be sent to a MultiNode Treasury to earn profits used to Market Buy $MCC to add to the reward pool. These stablecoins will be invested in various farming and yield bearing investments to ensure a high reward rate.
#4. In addition, a portion of the taxes from volume on $MCC specifically related to the nodes will also be monitored and these funds will be added accordingly when required.
#5. The royalties of secondary MultiNode sales on OpenSea and other third party sites will also be used to buy $MCC and add to the rewards pool. Royalties are set to 3.0%.
#6. Lastly, on top of all of the above, future $MCC products will wherever possible have a mechanism within that contributes a small percentage of profits towards the MultiNodes rewards pool.
We strongly believe that these multiple measures will provide both sustainability and longevity to the product.
Q: Will the rewards only be in $MCC?
A: Initially yes, in time will will look to add alternative rewards. We feel the benefits of this would be reduced sell pressure of $MCC and also this could provide those claiming a more profitable exit route if the alternative rewards have a zero sales tax.
Q: If $MCC goes Up/Down in Price will my rewards be impacted?
A: The amount of $MCC you receive when you create you node will be fixed to a set amount. All the time the initial rates remain as they are this will not change. As the market value of $MCC increases or decrease the value of your fixed amount of daily rewards will also increase/decrease in value, but the amount of $MCC remains the same.
Q: What will the ROI % be on the lower tier nodes?
A: The rewards paid out are determined by the amount invested. Essentially the more $MCC you lock and the more stablecoins you provide to the treasury the better the more rewards you will receive.
Q: Can I compound my rewards or do I have to claim them at specific times?
A: You are able to claim as often as you like, however each time you claim you will have to pay gas fees, so claiming less frequently will most likely prove to be more profitable.
Q: Are there claims taxes or monthly fees on MultiNodes?
A: Absolutely none, We took this decision as we want our node holders to benefit in full from all rewards earned.
Q: Will there be the option to compound directly into additional nodes using just earn $MCC in the future?
A: This is a feature we are looking to add after launch, As soon as we have confirmation either way this will be announced to the community.
Q: Are nodes unlimited or limited in capacity?
A: We have no plans to limit the amount of nodes created at this time
Q: How often can I claim my rewards?
A: Rewards can be claimed every 24 hours.
Q: What is the Stablecoin that will be used in node creation?
A: We have chosen $USDC and $USDT to accept for node creation as it is one of the most liquid Stablecoin.
For Reference, the Stablecoin used in MultiNode Creation:
$USDC on ETH: 0xA0b86991c6218b36c1d19D4a2e9Eb0cE3606eB48
$USDT on BSC: 0x55d398326f99059ff775485246999027b3197955
- Buy on Uniswap:
$MCC on Uniswap
- Buy on PancakeSwap:
$MCC on PancakeSwap
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