CoinMarketCap takes a deep dive into MultiverseCapital ( MVC ), a project that allows farming on multiple chains and provides profits to MVC holders. Read more! MulVerseCapital ccryptowriter
, and many other features. MVC is a hyper-deflationary token and allows its holders to gain rewards on each transaction.. Because the protocol from the buyback & burn to liquidity procedure owns liquidity, it can never be dried up.
However, when MVC tokens are sold, 5% of the total amount in BNB is added to the buyback wallet. The fund in this wallet is then used on multiple farms including Avalanche, Polygon, Fantom, and more. The farm is chosen based on its profitability at the time the sale has happened. Every transaction in $MVC burns at roughly 1.18%, which is why the MVC token’s total supply is always deflating against the balance of the users, while their balance is constantly expanding against an ever-deflating supply. As the MVC token gets scarcer with volume, this built-in algorithm produces a supply/demand meter which also influences the price of the token and keeps it stable in the long run.
It must be noted that MVC is a token with a low market cap. This means that it doesn’t take a huge amount of money to increase in price. While this is good news for long-term MVC holders, the tables are reversed as smart money tends to dump such low-cap crypto projects.
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