Singapore, June 9th, 2021 () Micro Bitcoin Finance- symbol mBTC has had an extremely successful coin launch on Friday June 4th. The coin launched at $2 and rocketed as high as $500 (24,900% increase). The coin has settled into a 4 day trading average of $120 (5,900% increase from launch). The total supply of mBTC is 21,000 compared to Bitcoin’s 21,000,000 coins making it extremely rare. mBTC’s tokenomics are built to be advantageous for long-term holders. The company plans on launching an NFT Exchange and Yield Optimization platform in the upcoming quarters to increase each coin’s value.
- Frictionless mining: 6% of each mBTC transaction will be proportionally distributed to all mBTC holders automatically.
- mBTC is a community driven, fair launched DeFi Token. Two simple functions occur during each trade: Reflection, LP Acquisition. Insiders burned 100% of their tokens and therefore everyone had to buy in initially.
- 21,000 total coins
The long term success to mBTC will be in its tokenomics, technology, new launches and store of value.
Unlike many other coins, there founders wanted to create a tokenomics system in which the coin that has a long store of value. Clearly, within 4 days the coin shot from its initial price of $2 and has already stabilized around its current price with a 4 day average of $120. For an asset to be considered as a reliable store of value, it should have its value either increase or stay stable over a long time so that the owner can sell the asset for a similar or higher value than the price at which it was initially bought. There is a strong value that the founders believe will appreciate over time.
Q3 mBTC plans to launch an mNFT exchange which introduces the constructing, buying, selling, and escrowed peer-to-peer swapping of NFTs, as well as NFT farming, allowing users to stake idle tokens from a variety of projects in order to earn exclusive utility-based or collectible NFTs, bringing added benefits to both end-users and project developers.
Yield Optimization Platform
Originally, set to launch in Q4 mBTC’s successful launch has given the company resources to deploy its Yield Optimization Platform “YieldOp” in Q3. The desktop and mobile YieldOp app creates a seamless users to to access DeFi decentralized financial products anywhere anytime.
Media contact: Mr. Thorsen Johnson
Company: mBitcoin LTD
Contact Name: Mr. Thorsten Johnson
E-mail: [email protected]