Dogecoin (DOGE) Rallies on Hype As Smart Investors Accumulate A $0.03 Gem With Real Utility

Source Cryptopolitan

The rise of Dogecoin (DOGE) is one of the most famous success stories in the crypto world. In just a few months, the project minted instant millionaires, mainly driven by its active community on X. However, those who did not get in at the ground floor have never been able to make meaningful gains.

Since DOGE runs purely on hype, predicting price movements is difficult, which is why smart investors are turning to Mutuum Finance (MUTM). Like DOGE, analysts forecast a massive upside of over 31x when the tokens go live. However, unlike DOGE, Mutuum Finance (MUTM) is built on utility, and not mere hype.

The design of its protocol and a commitment to the long-term security of its users means that this project will continue to deliver massive benefits for its community for years to come. These factors have seen interest in the presale grow to astronomical levels, and it is quietly becoming the talk of the crypto industry.

Mutuum Finance (MUTM): A Second Chance At Success

For those who missed the early gains of DOGE, Mutuum Finance (MUTM) offers a second chance at success, with the added benefit of long-term stability. Tokens in the ongoing presale are selling for $0.03 in phase 5, a 200% increase from the phase 1 price of $0.01.

So far, over $11.2 million has been raised from around 12,450 unique buyers. With a planned listing price of $0.06, tokens in the current phase are going for a generous 50% discount. Investors have been snapping them up, looking to capitalize fully on the massive discount.

So far, 50% of the tokens in phase 5 have been sold out, less than a month after they launched. Consequently, the window to grab your MUTM tokens at the massive discount is closing fast. If you act now, you will receive a 100% guaranteed ROI when the tokens go live at $0.06. In the upcoming phase 6, the token price will go up by 16.67% to $0.035, reducing the guaranteed ROI to 71.43%.

Based on the analysts’ forecast of a 31x gain, if you purchase $1,800 worth of MUTM tokens today, you stand to make over $55,000 on your investment when the tokens launch publicly.

The Ultimate Protocol Design

The Mutuum Finance (MUTM) protocol is designed to offer solutions to the DeFi industry. Its utility-driven design will ensure that MUTM tokens will experience long-term growth in value far beyond the token launch.

Mutuum Finance (MUTM) is a decentralized, non-custodial protocol that allows users to participate as lenders, borrowers, or liquidators. Lenders deposit their assets into the protocol’s collective pools to earn interest. Borrowers, meanwhile, deposit collateral into the pools to access the liquidity.

The protocol requires that all loans taken on the protocol be overcollateralized. This overcollateralization ensures that, in case of rapid market shifts, there is a buffer in which liquidators can step in and save the situation. The liquidators’ role is to purchase collateral at a discount, thus preventing losses for lenders.  Discounts offered to liquidators are based on the urgency of the situation and can be adjusted upwards to get them to act promptly.

Security On Mutuum Finance (MUTM)

The Mutuum Finance (MUTM) team places a premium on security, and they have taken steps to ensure the security of all users’ assets. Their first step was to get a CertiK audit, which they successfully passed, and received a Token Scan Score of 95 from CertiK.

The team has upped the stakes when it comes to security via a partnership with CertiK. The partnership is focused on the $50,000 USDT Bug Bounty Program. In this program, vulnerabilities are classified in four tiers, which are Critical, Major, Minor, and Low. Based on the threat that a vulnerability poses to the continued existence of Mutuum Finance (MUTM), it will be classified into one of these four tiers. The security experts, blockchain developers, and ethical hackers will thus be rewarded appropriately.

To secure users’ assets, Mutuum Finance (MUTM) uses various strategies. One of them is ensuring access to reliable price data. To achieve this goal, Mutuum Finance (MUTM) will implement Chainlink price data oracles, a commonly used source of data in the DeFi world. The price oracle data will be paired with a backup data source to ensure the maximum possible uptime. Additionally, the project will rely on on-chain DEX data, where there is sufficient liquidity.

Conclusion

From the overall protocol design description above, it is quite clear that Mutuum Finance (MUTM) is built for long-term gains. Coupled with a committed team that is working hard to ensure the long-term security of the protocol and the safety of funds, the MUTM tokens are built for growth. With the current discount of 50%, buying your tokens now could be the best decision you have made in your crypto investment journey to date.

For more information about Mutuum Finance (MUTM), visit the links below:

Website: https://www.mutuum.com/ 

Linktree: https://linktr.ee/mutuumfinance

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin is the sixth-largest asset worldwideBitcoin is the sixth-largest asset worldwide, beating Google.
Author  Beincrypto
10 hours ago
Bitcoin is the sixth-largest asset worldwide, beating Google.
placeholder
USD/CHF extends losses to fresh 14-year lows sub-0.8000 amid generalised US Dollar weaknessThe Swiss Franc appreciates further, as the USD/CHF hits levels below 0.8000 for the first time since September 2011.
Author  FXStreet
10 hours ago
The Swiss Franc appreciates further, as the USD/CHF hits levels below 0.8000 for the first time since September 2011.
placeholder
Silver Price Forecast: XAG/USD nosedives below $36 on improvement in Sino-US trade relationsSilver price slides over 2% to near $35.85 during European trading hours on Friday.
Author  FXStreet
10 hours ago
Silver price slides over 2% to near $35.85 during European trading hours on Friday.
placeholder
EUR/USD consolidates near highs as investors ramp up bets for Fed rate cuts The EUR/USD pair appreciates for the seventh consecutive day but remains capped below the nearly four-year high at 1.1745 reached on Thursday.
Author  FXStreet
11 hours ago
The EUR/USD pair appreciates for the seventh consecutive day but remains capped below the nearly four-year high at 1.1745 reached on Thursday.
placeholder
Forex Today: US Dollar weakness continues ahead of inflation dataThe US Dollar (USD) struggles to find demand early Friday, with the USD Index staying in negative territory below 97.50 after posting losses for four consecutive days.
Author  FXStreet
11 hours ago
The US Dollar (USD) struggles to find demand early Friday, with the USD Index staying in negative territory below 97.50 after posting losses for four consecutive days.
goTop
quote