Mute Profile (MUTE)
Project Safety Score
Fri, Mar 29, 2024 10:45 AM
Mute
token
Ethereum
MUTE is one half of the dual-token mechanics powering the Mute.io ZK-Rollup ecosystem. MUTE is the gas that facilitates growth of the ecosystem via the DAO, funding proposals and benefitting directly through a 'buyback and make' initiative. Liquidity providers are also rewarded thanks to a 1% transaction fee, guarding against impermeant loss and paid out incrementally via the MuteVault contract. Mute Switch, an easy to use swap-style ZK-Rollup DEX, is the first Dapp in the ecosystem. This will be running on ZK-Rollup infrastructure meaning trading will be cheaper and more scalable, but not just that - transactions will be zero knowledge, ensuring nobody can see into your wallet history. Power users of the DEX will qualify for reduced fees by locking a specified amount of MUTE in their wallet. The non-inflationary supply is complimented by an innovative economic model that includes the combination of buy backs, coin burns, a smart treasury and vaults.
- whitepaper not submitted
- team not submitted
- Zksync Ecosystem
- Zero Knowledge (zk)
- Ethereum Ecosystem
- Ethereum
- Ethereum
- no features
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Member Signals
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