We have been working on the new iteration of our highly acknowledged,
NFT / Metaverse oriented DeFi subsystem –the Metaverse Hub as we have been teasing in the past weeks. Since it is set to be quite a big upgrade from the current version, we like to call it Metaverse Hub 2.0. The introduction of Metaverse Hub 2.0 had been planned to unfold in a number of steps, while the development of our product progresses involving rigorous optimization, security fortification and test processes.
In the meantime, our home Cronos and the entire crypto-currency market have been cruising on wild waters and we have been looking out for a wave to ride with the release of this grand upgrade. We see many investors choose to cast anchor in a haven as the waves look intimidating. But then, we are also aware of those with strong tenacity, who trust that the future of the Blockchain Universe consisting of DeFi Apps, NFTs and Metaverse is bright as ever. This is especially true for our proud CRXILLIONAIREs and CRX holders, who have preserved the value of their CRODEX-related assets in terms of our native currency ($CRO) in a stormy weather. Therefore, we decided to set sail into horizon as it is just right to allow the resolute CRODEXers deepen their roots and also welcome new investors into a fresh Hub of Metaverse.
We start rolling out the main components of Metaverse Hub 2.0 by the end of next week, beginning with the launch of $MHUB: the native token of the Hub.
Major aspects of $MHUB token
- It will be paired with $CRX.
That is, the main liquidity will be in MHUB/CRX.
This is an added use case for $CRX that will also act as a momentum procreator. - It will incur a total of 9.5% fee for selling.
The fee will be automatically claimed and swapped to $wCRO upon each sell-transaction.
— 2.5% will be directed to the team’s control. Up to 2% will be allocated to forming of additional liquidity in MHUB/CRX pair. The rest will be held in treasury for development, marketing, and partnership expenses.
— 7% will be proportionally distributed among $MHUB holders as a dividend-share mechanism. The distribution of the dividend shares will be automatic (paid in $wCRO), but claiming accumulated dividends will need to be done individually by $MHUB holders.
The design of the dividend distribution mechanism aims to minimize total gas fees and slippage tolerance required for transactions involving $MHUB.
Forming of LP tokens also incurs fees; thus, the team will be looking out to keep the liquidity healthy using the above-mentioned allocation of fees. Also, the fee-on-sell acts as a safe guard against probable short-option oriented price manipulations we have been witnessing lately, all over the crypto-currency markets.
Buying $MHUB tokens will incur no fees. - $MHUB will only be emitted via Adventures you participate with your NFTs in the Hub; after the initial emission during the launch.
- An unconventional, Team-Supported Sale & Launch for $MHUB will be carried out.
— The initial sale will require $CRX to participate and 100% of the raised amount will be added as liquidity in CRX/MHUB.
— The CRODEX Team will supply the rest of the liquidity using their reserved tokens, should it be needed to reach the target amount.
The initial sale will naturally take place on CROWD Launchpad and the details will be announced soon.
Please note that CRODEX takes no profit from this sale.
This is a major step towards fulfilling our goal of becoming the most advanced metaverse-centric DeFi ecosystem🚀
#CRODEX #CRXILLIONCLUB #METAVERSE
#CROFAM #INTHISTOGETHER
Wanna learn more about Metaverse Hub 2.0? Check our previous post.
Follow us on our official channels to never lag behind the adventures!
Official Channels
Website: https://crodex.app
Twitter: https://twitter.com/crodexapp
Telegram: https://t.me/crodexofficial
Discord: https://discord.gg/xSCzBRYGy4
