Unprecedented Victory: A Recap of MultiBit’s $MUBI Handshake Launch Shattering Records
MultiBit Bridge, the first-ever dual-sided bridge for BRC20 and ERC20 tokens, has recently made waves in the crypto space. This buzz is largely due to the successful launch of MultiBit’s native token, $MUBI, on both ERC and BRC through the $MUBI Handshake Launch. This launch witnessed a rapid sell-out of the available $MUBI tokens shortly after opening. In this article recaps the $MUBI Handshake Launch and outlines MultiBit’s recent achievements as well as upcoming plans on their roadmap.
$MUBI ERC20 Public Sale On Bounce Finance: Sold Out Within A Minute
The ERC segment of the $MUBI Handshake Launch was conducted on the Bounce Launchpad in the form of a Fixed-Price Auction on Ethereum mainnet. In this highly anticipated auction, 387,500,000 $MUBI tokens were up for grabs, with ETH as the bidding currency. Each $MUBI token was priced at 0.00000022709 ETH. This $MUBI ERC20 Public Sale commenced on Bounce at 4AM UTC on November 12, 2023. In an astonishing display of demand, it took less than one minute for all the offered $MUBI tokens to sell out, hitting the 88-ETH fundraising target in record time.
$MUBI BRC20 Public Donation On TurtSat: Fully Funded Within 30 Minutes
For the BRC side, the $MUBI Handshake Launch was conducted on TurtSat, a community-driven open platform based on Ordinals. To enter the $MUBI Public Donation on TurtSat, each ticket costs 900,000 sats in return for 750,000 $MUBI. A total of 387,000,000 $MUBI were offered, equivalent to 4.64 BTC. This round was fully funded within 30 minutes after it went live at 6AM UTC on November 14, 2023, marking a successful conclusion of the $MUBI Handshake Launch.
$MUBI Performance Post-Launch & Development Updates
$MUBI is listed on Uniswap. Following the Handshake Launch, $MUBI has seen remarkable growth, peaking at over a 2000% daily increase and a 24-hour trading volume of $15M.
Following the successful $MUBI Handshake Launch, MultiBit’s developers are actively advancing their platform with key initiatives. They are developing a MultiBit Bridge Explorer for enhanced transparency and are in the process of verifying with Etherscan to address token burn and mint concerns. Moreover, MultiBit is now live on BNB Chain, making it the first dual-sided bridge bringing projects on BNB Chain to BRC ecosystem. The team has released a guide on how to bridge BRC20 from BTC to ETH/BNB, and they plan to add more BNB and BRC assets on both sides. Additionally, staking for revenue sharing is set to go live soon, increasing $MUBI’s appeal. The MultiBit team is also focusing on broadening market reach with imminent CoinGecko and centralized exchange listings, along with collaborations with several BNB projects, underscoring MultiBit’s commitment to continuous growth and innovation in the crypto space.
$MUBI Token Distribution
$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
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
- November 2023: Token Generation Event (TGE): MultiBit launches its native token $MUBI 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.