MultiBit Bridge Introduces $MUBI Handshake Launch On Bounce Launchpad
Bounce Finance is thrilled to announce our partnership with MultiBit Bridge, the first-ever dual-sided bridge for BRC20 and ERC20 tokens. MultiBit is rolling out the $MUBI Handshake Launch, a hybrid Token Launch to introduce their native token $MUBI, accessible in both ERC20 and BRC20 formats. The ERC20 portion of the $MUBI Public Sale will be launched on Bounce Launchpad at 4AM UTC on November 12, 2023. Following that, the BRC20 segment will debut on TurtSat at 6AM UTC on November 14, 2023. This comprehensive article provides an in-depth look at MultiBit’s offerings and equips you with essential details on how to participate in the $MUBI Token Launch on Bounce Finance.
What is MultiBit Bridge?
MultiBit Bridge is the first-ever dual-sided bridge designed for easy cross-network transfers between BRC20 and ERC20 tokens. Its primary objective is to amplify liquidity and accessibility for these tokens, enhancing cross-chain interoperability. MultiBit excels in delivering a secure and intuitive platform, driving unparalleled liquidity in the digital asset space.
To date, MultiBit has bridged over $500,000 USD worth of tokens from 4 months of operations. Audited by Salus, MultiBit currently enjoys strong support from influential social media entities like Domo, BitGod, ordinal degen, ordinal labs, and prominent BRC influencers.
The team behind MultiBit is not new to this arena, having previously developed bridging technologies, including one that achieved a staggering daily volume of $800M at its peak.
What is $MUBI?
$MUBI is the native token in the Multibit ecosystem offering the following key utilities:
- Governance: Holders of $MUBI tokens have governance rights within the MultiBit platform. They can participate in decision-making processes, such as voting on proposals for platform upgrades, new token listings, fee structures, and other key governance matters. This ensures that the community has a say in shaping the future of MultiBit.
- Staking for Rewards: Users can stake $MUBI tokens to earn rewards in the form of ERC20 or BRC20 tokens on the MultiBit platform. By staking their $MUBI tokens, participants contribute to the platform’s liquidity and security while receiving additional token rewards in return. The staking mechanism provides an opportunity for users to earn passive income based on their staked amount.
$MUBI Token Launch Details
- Launchpad Page: https://app.bounce.finance/launchpad/multibit
- Start Time: Nov 12, 4AM UTC
- End Time: Nov 15, 6AM UTC
- Token Name: $MUBI
- Amount of $MUBI Offered: 387500000 $MUBI
- Auction Method: Fixed-Price Auction
- Blockchain: Ethereum
- Swap Currency: ETH
- $MUBI Price:1 $MUBI = 0.00000022709 ETH
- Maximum Allocation per wallet: 2.5ETH
- Total Raise Value: 88 ETH
$MUBI Distribution Schedule
$400,000 USDC = Initial FDV (all available at launch)
- KOL Whitelist Sale (Same Price as Public Sale): 11.25%
- Public Sale: 78.75%
- 5% DEX liquidity locked forever
- 5% team 6 months lock then linear vesting for 2 years
Guide for participating in $MUBI Handshake Launch on Bounce
MultiBit Protocol Fee Distribution
MultiBit currently takes X bridging fees as the transaction fees on Multibit. MultiBit’s looking to tokenize this and distrbute half of it to $MUBI stakers:
- 50% Growth：
- 5% Core Contributors
- 5% Team Treasury
- 20% Development
- 20% Marketing
- 50% Distribution: Staked $MUBI holders will earn a portion of the protocol revenues accrued from Multibit’s Exchange
- Ordinals AMM: MultiBit’s Ordinals Automated Market Maker (OAMM) is a decentralized exchange protocol designed specifically for trading Ordinals ($ORDI) tokens. It leverages the principles of automated market making to provide liquidity, enable seamless token swaps, and facilitate efficient price discovery for $ORDI and other paired tokens.
- Ordinals Farming: MultiBit offers Farming Ordinals ($ORDI), an exciting opportunity for the BRC community to earn additional $ORDI tokens by providing liquidity or staking preferred tokens in selected pools. The farming process allows participants to contribute to the liquidity of the $ORDI ecosystem while being rewarded for their contribution.
- Ordinals Stablecoin: Ordinals Stablecoin is backed by a specific ratio of Ordinals ($ORDI) tokens held as collateral. These $ORDI tokens serve as a reserve to support the stability and value of the stablecoin. The collateralization mechanism ensures that the value of the stablecoin remains pegged to a 1:1 ratio to USDC.
- November 2023: Token Generation Event (TGE): MultiBit launches its native token through a TGE event, providing users with opportunities for participation and token acquisition.
- Q4 2023: Expanded Token Support: MultiBit adds support for a wide range of BRC20 and ERC20 tokens, expanding its offering to allow users to bridge and interact with an increasing number of tokens.
- Q1-Q2 2024:
- Enhanced User Interface and Experience: MultiBit focuses on improving its interface, making it more intuitive and user-friendly to enhance the overall experience for users.
- Integration with Additional DeFi Protocols: MultiBit integrates with more DeFi protocols, enabling users to leverage their bridged tokens for activities such as lending, borrowing, yield farming, and decentralized exchanges.
- Partnerships and Collaborations: MultiBit forms partnerships and collaborations with other blockchain projects, exchanges, and DeFi platforms to expand its reach, increase liquidity options, and foster interoperability.
About MultiBit Bridge
MultiBit Bridge is the first-ever dual-sided bridge designed for easy cross-network transfers between BRC20 and ERC20 tokens. Multibit offers a secure and efficient bridging mechanism to allow for seamless transfers of tokens between the ETH chain, BNB chain, and BTC network. Bridging ERC20 tokens with BRC20 tokens, Multibit enhances the liquidity of BRC20 tokens and promotes the growth and development of the Bitcoin ecosystem.
About Bounce Finance
Bounce Finance is a decentralized auction protocol that empowers users to create and participate in diverse types of auctions on multiple blockchain networks. With a focus on Auction as a Service, Bounce Finance offers a wide range of products, including Token & NFT Auctions, Real-World Collectible Auctions, Ad Space Auction, and SDKs & Plug-Ins. Bounce Finance also provides Private Launchpad services, an on-chain solution designed to streamline IDOs for new projects. Furthermore, Bounce Finance is introducing Real-World Collectibles service, offering a marketplace for projects to sell their own tangible merchandise and luxury items. Bounce’s service includes an in-house manufacturing production line ensuring top-tier quality and seamless shipments.