CoinMarketCap takes a deep dive into Multiverse Capital (MVC), a project that allows farming on multiple chains and provides profits to MVC holders.
How Does Multiverse Capital (MVC) Work?
Unique Features of Multiverse Capital (MVC)
MVC DeFi 3.0
Users can invest in the best and newest farms and on numerous chains, MVC will conduct all of the farming and auto-compounding. Earnings will be divided automatically via a 10% transaction tax reflection and MVC farmed profit buyback.
The treasury money grows exponentially over time since the farming treasury is utilized to farm on numerous chains and then auto compound its profit. This fund is used to repurchase $MVC in order to raise the price floor, allowing the price floor to rise exponentially.
Farming and Buyback Mechanism
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.
Another 5% of the sold MVC tokens are sent to the project's marketing wallet which will be used to pay for digital marketing, developers, server costs, and other similar expenses that make sure the project runs well.
- MVC token holders won't have to keep track of the latest and best farms across all of the blockchains supported by the project. All users will do is acquire the tokens, and watch their tokens grow, due to a 10% transaction fee and buybacks from farming rewards.
- Users are also protected when a sudden price drop happens due to a token sale. This is because 5% of the sale proceeds will be invested in yield farms for strong compounding buybacks.
Hyper Deflationary Burning Mechanism
Every transaction in MVC has a 1.18% burn rate, which is constantly growing. The black hole holds 72 billion $MVC, which accounts for 7.2% of the entire supply and it collects 7.2% of total tax on every transaction since it is treated as a normal holder.
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.
MVC multi boost has a 0% deposit cost and many staking reward pools.
Users will deposit their $MVC into one of our "Multi Boost'' earning pools in order to gain third-party tokens, like EPICHERO, THOREUM, and SAFEEARN, among others.
Even if $MVC is not in the user's wallet, they will be able to get their automated holding rewards of $MVC from the 10% buy fee, as well as collecting staking rewards in multi boost pools.
If the 3rd-party token is a reflection token, such as THOREUM, EPICHERO, or SAFEEARN, users can continue to receive reflection rewards after harvesting by simply keeping the 3rd-party token in their wallet.
Multiverse Capital (MVC) Tokenomics
The total and maximum token supply of MVC tokens is 1,000,000,000,000 while the current circulating supply is 930B MVC.
Multiverse Capital (MVC) Price
Multiverse Capital (MVC) is now trading at around $0.00001778, as of Jan. 03, 2022. Its 24-hour trading volume on exchanges is around $42,233.
Multiverse Capital (MVC) Price Prediction and Future Outlook
The farming and buyback mechanism is a unique offering by the MVC project. Investors in the token are likely to retain their earnings due to this feature as discussed above. This is why it is likely that once a user has become an MVC holder, they might be tempted to hold the tokens in the long run to gain continuous rewards.
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.
Another plus point for the MVC tokens is that it has chosen to bind its farming and buyback feature with some of the biggest blockchains and multi-chains in the crypto market including Avalanche, Fantom, Polygon, and so on. This establishes a level of interest in the minds of potential investors and early holders who are looking to invest and hold their earnings in a fundamentally strong project.
The MVC token touched its all-time low and an all-time high in the month of December of 2021. Its all-time high currently stands at $0.00006531 and its all-time low is $0.00001557 which was reached just three days ago. This, however, is good news for traders who like to invest in coins that have reached their bottom. MVC, having touched its all-time low, seems ready to spike after its accumulation period and test its ATH. This however is uncertain due to the current volatility of Bitcoin (BTC) and the crypto market in general. Thus it is advised to consult crypto experts and always DYOR before investing in the volatile sea of crypto.