Welcome back to MultiVAC’s Monthly Project Report. If you have any questions or suggestions, please feel free to email us at: core@mtv.ac.
Our Mainnet continues to run successfully, along with an easily and readily accessible native token.
Within a week following the Mainnet launch, MultiVAC released the RPC service, updated the Mainnet browser, and opened access to it through the Metamask wallet. Currently, users can easily connect to the Mainnet through Metamask and conduct transactions.
Because MultiVAC addresses are compatible with both the ETH and BSC networks, everyone can use one single address to manage three different types of $MTV. As long as a decentralized wallet can add a custom network, it can support the MultiVAC Mainnet. Compared to the congested ETH network, the MultiVAC Mainnet transaction fee is very low (only 0.000021 $MTV now) and the confirmation speed is extremely fast.
For more details on accessing and staking $MTV, please see this blog post.
With more than 1.4 billion total tokens staked, our Pre-Launch and staking reward Goals I-IV have been distributed.
The current staking progress of the Mainnet has so far exceeded our expectations. In July, a total of nearly 500 million tokens were staked. Following the opening of the wallet, all of the rewards dedicated for the Pre-Launch and staking Goals I-IV were distributed, with a large number of users directly restaking their rewards. At present, we have entered the final stage of staking, Goal V.
We will open the ability to withdraw staked tokens when the total staking amount reaches 2 billion, and the details on how to do so will be announced at that time. In addition, staking will be a continuous and long-term program. Besides mining rewards, we will also release more specific stage rewards. We thank you for your patience in the meantime.
With the opening of the token bridge, you may now swap your tokens between different token types.
The automated bridge that supports different types of $MTV tokens has been released. You can access it here: https://e.mtv.ac/bridge.html
There are currently four main types of $MTV: Mainnet tokens, ERC-20, BEP-20, and BEP-2. The first three can be automatically converted between each other by using the bridge. We encourage everyone to hold more Mainnet tokens in order to prepare for the release of our Mainnet ecological applications.
With this arrival of a new era, we have launched the ecological construction of the Mainnet and a co-marketing plan for $MTV.
With the launch of the MultiVAC Mainnet, the project has also entered a new stage: Ecological development. The founders have issued a letter to the community, which officially announced this corresponding plan. For more details, please see this post.
Recently, our CEO Frank conducted our first AMA through MultiVAC’s official Discord channel. You may read the community questions and his follow-up responses here.
Then, Frank released a new video on YouTube: A Short Story of MultiVAC. We encourage everyone to watch the amazing story of MultiVAC!
At the same time, our co-marketing plan was successfully launched with the help of some of the wonderful members of our community, who came together to help contribute to the next development of MultiVAC. Currently, our social media coverage has been updated and includes:
The official subreddit: https://www.reddit.com/r/MultiVAC_official
The official Discord server: https://discord.gg/zq8dbUZMCF
The official Facebook page: https://www.facebook.com/MultiVAC.MTV/
The official Instagram account: https://www.instagram.com/multivac.official/
Right now we also have a giveaway competition happening, Celebrating MultiVAC’s Community Marketing Set Up — Competition #1 with 100,000 $MTV in prizes on the line! For more details, please see here.
Thanks for tuning in to another MultiVAC Monthly Project Report. We will see you again next month for more updated coverage on our network and team. In the meantime: Let there be light!
ABOUT MULTIVAC:
MultiVAC is a high-throughput flexible blockchain platform based on all-dimensional sharding. It’s a next-generation public blockchain platform built for integration with large-scale decentralized applications.
MultiVAC is developing the first solution in the world characterized by speediness, efficiency, and all-dimensional sharding to expand its capacity in computation, transmission, and storage. It realizes the maximum throughput while maintaining decentralization and without sacrificing security.
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