Multiplier (BSC)

Multiplier (BSC)

BMXX
$0.00181554

Key Metrics

Price$0.00181554
Real Volume (24H)$43.48
Marketcap$4,230.97
Fully Diluted ValuationN/A
ATH$48.91
ATH Date3/9/2021, 4:43:22 PM
ATL$0.0017968
ATL Date12/22/2022, 3:02:49 AM
Circulating Supply2.3M
Total Supply3.1M
WebsiteN/A
WhitepaperN/A
Popularity Rank3824
Chart
What is Multiplier (BSC)?


Multi-Chain Lend (MCL) is a cutting-edge algorithmic money market platform designed to provide a unique lending and borrowing experience on the Binance Smart Chain (BSC). MCL is built on the foundations of Aave, with additional revenue-sharing components that reward lenders and stakers. The platform is designed to ensure maximum security and efficiency for all its users.

By depositing funds into MCL's liquidity pools, depositors can earn interest on their holdings, while borrowers can obtain loans at competitive rates from these same pools. MCL is built to support a range of Chainlink oracles, including Price Feeds for popular pairs such as BNB-USD, BUSD-BNB, BTC-BNB, USDC-BNB, USDT-BNB, DAI-BNB, and ETH-BNB.

MCL's governance token is bMXX, a BEP-20 token that allows users to participate in the decision-making process of the platform. The minting and burning of bMXX tokens are secured by a team and community 4/7 Multi-Sig, ensuring maximum security and transparency.

Users can stake their bMXX tokens in the governance pool, giving them voting rights to govern the MCL protocol and reserves. Additionally, stakers can earn a share of the platform's revenue, with 20% of protocol revenues allocated for distribution to bMXX stakers. MCL also offers a daily staking incentive of 400 bMXX tokens, which are shared among stakers.

MCL's cutting-edge platform provides users with a secure and unique lending and borrowing experience on the Binance Smart Chain. The platform's use of Chainlink oracles and revenue-sharing components makes it an attractive option for those seeking to earn interest on their holdings or obtain loans at competitive rates. By staking their bMXX tokens in the governance pool, users can participate in the decision-making process of the platform, earn a share of the platform's revenue, and enjoy daily staking incentives. MCL is an innovative and exciting addition to the DeFi ecosystem on Binance Smart Chain.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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