The Ethereum (ETH) blockchain runs on the proof-of-work consensus mechanism and is the second most popular crypto and second most valuable according to market capitalization. Its low speed and high transaction fees have caused a number of its users to move to other options but it remains one of the most famous blockchains. This is why new crypto projects like Mushe Token (XMU) are being built on the this protocol.
What Is Mushe Token (XMU)
Mushe Token (XMU) is a decentralized crypto token that enables peer-to-peer (P2P) interactions, governance, and rewards. It works as a decentralized blockchain built to scale user-friendly applications. The project will initially be built on Ethereum (ETH) but has plans to move to a more cost-effective and faster blockchain in the future.
Mushe Token’s (XMU) goal is to increase the adoption of blockchain technology by increasing the accessibility of digital assets to everyday people. It plans to educate the public on digital currencies and financial management which they believe will create a social impact. They claim that the MusheVerse which is a combination of all the project’s features and services will be joining the fastest growing ecosystem for NFTs, pay-to-earn (P2E) gaming, and more.
Mushe Token (XMU) has several impressive features some of which include
- Mushe Wallet will allow users to buy, hold, sell or exchange tokens and NFTs.
- MetaVerse Banking through which users will be able to trade metaverse products and services.
- MusheVerse on which users will be able to access and use all products and services of the project
- MusheChat is a decentralized social platform where users can send messages without the fear of third party interception
All these features and projects that Mushe Token (XMU) has in store might be why the token is doing so well despite still being in the first phase of its presale.
Mushe Token (XMU) First Presale Phase Is Live
Mushe Token (XMU) launched its presale phase on the 18th of April and has about 12 days left to the end which will be on July 3rd of 2022. A day before it launches on July 4th of 2022 according to its roadmap.
XMU, the native ERC20 token of the Mushe Token network is currently priced at $0.028 and is a tremendous growth from its initial price which was $0.005. There would be a total supply of 777,000,000 XMU tokens, however, only 233,100,00 tokens will be released for the presale. Tokens that are not sold are allocated to the platform’s reserve capital wallet and permanently removed from circulation.
The Mushe team tokens will be locked for the first 3 months after which they’ll be strategically released to a shared wallet every quarter. The tokens reserved for advisors and partners will also be locked for 12 months. The project’s capital reserve is also locked for one year and when released will be used for ongoing functions and future product development.
Members of the platform will also be able to participate in $XMU lotteries, reward programs, and voting. However, for users to be able to stake, they would need to possess 125,000 XMU tokens.
Mushe Token (XMU) is shaping up to be another success in the crypto space and the world is waiting to experience all it offers.
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