What is Mute?
Mute (MUTE) is a decentralized, community-driven platform built on the Ethereum network, following the standards of the ERC-20 token. The aim of Mute is to make the cryptocurrency and decentralized finance (DeFi) trading market more accessible to its users. Mute is a combination of an automated market maker (AMM) exchange and a yield farming platform, utilizing zero-knowledge rollups (ZK-rollups) to scale the Ethereum network and reduce high gas fees.
The Mute platform has plans to launch Mute Switch, a Layer-2 decentralized exchange (DEX) that will provide users with a secure and private trading environment for various tokens. In addition, Mute aims to launch Voice control, a governance DApp that will upgrade the Mute ecosystem, allowing any amount of VOICE token holders to vote and delegate their votes, and requiring a minimum of 500 VOICE tokens to submit a proposal. A 20% supply quorum with over 50% approval is needed to pass proposals, and the Voice governance DApp will run as a community-governed DAO structure using both VOICE and MUTE tokens.
The MUTE token serves as the gas that powers the ecosystem's growth, while the VOICE token is the governance token. Users can submit proposals or funding requests to improve the ecosystem using VOICE, and once approved, the MUTE token is minted and released to the designated address via smart contracts. Both MUTE and VOICE token holders benefit directly from the repurchase and mint initiative, with 70% and 30% revenue, respectively.
Mute was originally launched as NIX in March 2021 and rebranded as Mute. The platform has a maximum supply of 31,188,934.89360874 MUTE tokens, and the roadmap includes plans to launch a Switch Farming DApp and Mute Amplifier program that allows users to increase their interest rate by staking MUTE.
Mute’s zero-knowledge rollup (ZK-rollup) technology is what sets it apart from other platforms. ZK-rollups are smart contracts that process multiple transfers off the main blockchain, allowing users to trade and manage their tokens without incurring high gas fees. This makes Mute an attractive option for those looking for a more affordable and efficient solution for trading and managing their crypto assets.
In addition to its zero-knowledge rollup technology, Mute is also committed to providing privacy and security to its users. Mute Switch, the Layer-2 decentralized exchange, will allow users to interact and exchange tokens in a private and secure environment, ensuring that their transactions and assets are protected. The Voice control governance DApp further emphasizes Mute’s commitment to privacy and security, as it allows users to make decisions about the platform’s future and growth in a transparent and secure manner.
Mute’s focus on affordability, efficiency, privacy, and security makes it an attractive option for those looking to participate in the cryptocurrency and DeFi trading markets. Its decentralized, community-driven approach means that the platform is constantly evolving and improving, and its innovative use of ZK-rollups and governance tokens sets it apart from other platforms.
Overall, Mute offers a unique and comprehensive solution for those looking to participate in the cryptocurrency and DeFi trading markets. Whether you’re an experienced trader or just starting out, Mute provides a secure and efficient platform for trading, managing, and growing your crypto assets.
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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