MultiplierBMXX
$3.33
Market/Exchange
BMXX Price Prediction and Price Movement
BMXX has been down 71.99 percent over the last three months, and with its small market capitalization, it is very likely that such price movement may continue. However three months is still considered early in the crypto world and it is also likely that BMXX's price may bounce back if it has a solid team and has delivered what they promised on their white papers. Therefore traders should be careful and should research thoroughly and see if BMXX is backed by a solid development team and whether BMXX's technology has any potential to grow.
Please note that this analysis is purely base on BMXX's historic price actions and is by no means financial advice. Traders should always do their own research and be extra careful while investing in cryptocurrencies.
Multiplier Price Chart
About Multiplier
MCL is an algorithmic money market system designed to provide secure and unique lending and borrowing opportunities on Binance Smart Chain. Depositors earn interest by providing liquidity to lending pools, while borrowers may obtain loans from these same pools. The protocol designs are architected and forked based on Aave, with additional revenue sharing components for lenders and stakers.
Initially, MCL supports a range of Chainlink oracles, including Price Feeds for BNB-USD, BUSD-BNB, BTC-BNB, USDC-BNB, USDT-BNB, DAI-BNB, and ETH-BNB.
bMXX, a BEP-20 token, is the governance token of Multi-Chain Lend (MCL). The minting and burning of bMXX tokens are secured by team and community 4/7 Multi-Sig.
Users are able to stake their bMXX in the governance pool to achieve the following:
Voting Rights: Govern Multi-Chain Lend (MCL) protocol and reserves. Revenue Share: Earn 20% of protocol revenues Staking Incentives: 400 bMXX daily to be shared by stakers