What Is 10mb(10MB)?
Welcome to 10mb Finance, the algorithmic stablecoin protocol pegged to 1/10 USDC on the Cronos Network! The Finance is the algorithmic stablecoin protocol pegged to 1/10 USDC on the Cronos Network! The peg is maintained by two different methods:
- Seigniorage, similar to Tomb, Dark Crypto, and other forks, and
- Fractional collateralization, with minting and redemption, similar to Frax and Iron Finance
The 10SHARE token is the governance token of both the Tomb fork and Iron Finance parts. This is the peg token! The 10SHARE token is the governance token of both the Tomb fork and Iron Finance parts. 10mb Coin is the peg token! This system is the first of its kind! They have made specific decisions about Tokenomics, Monetary Policy, Transaction Tax, and Presale allocations to maximize the system’s sustainability.
They hope that the dual functionality of the 10SHARE token shores up the weaknesses of both component systems. In many cases, the bonding mechanism of Tomb forks has not worked well enough to restore the peg. The Iron Finance minting and redemption system should strengthen the Tomb system’s ability to regain peg.
10mb Inu Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | 10mb |
| Short Name | 10MB |
| Total Supply | 5,300,000 |
| Max Supply | N/A |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
10SHARE Tokenomics:
- Farming pool emission rate: 0.0011 10SHARE/second (95/day, 34.6k/year) initially, can be changed
- Vesting Duration = 10 years
- Dev Fund Pool Allocation = 5000/year
- DAO Fund Pool Allocation = 5000/year
- Equity Fund Pool Allocation = 5000/year
These are the base emissions for the Dev, DAO, and Equity funds. There is a multiplier that can uniformly adjust the amounts emitted to the Dev, DAO, and Equity funds. These emissions may be adjusted according to market conditions and minted supply.
10mb Emission Shares:
- Insurance Fund = 5%
- Dev Fund = 10%
- DAO Fund = 20%
- Equity Fund = 10%
- Farming = 55%
10mb Tokenomics
- Max Supply Expansion/Epoch = 1.00% (can be changed)
- Max Supply Contraction/Epoch = 3.00%
- Epochs in Bootstrap Period = 24
- Supply Expansion %/Epoch During Bootstrap Period = 1.25%
- 10mb Emission via Genesis Pools: 1.0 10MB/second (can be changed)
DAO Treasury
The 10mb Coin DAO Treasury is separate from the USDC treasury used for redemption. The DAO Treasury will realize income from various sources:
- Pool deposit fees
- Minting and redemption fees
- Transaction tax from selling 10mb
- Reinvestment income
The 10mb DAO Treasury may be used in several ways:
- Buying 10mb when below peg (price stabilization fund)
- Selling 10mb when far above peg
- Development and infrastructural costs
- Reinvestment
NFT Staking
10mb Finance is, to knowledge, the first Tomb fork and also the first Iron Finance fork to enable yield boosting via NFT staking!
Boost amount: 3%/NFT for up to 5 NFTs per pool
All NFTs must be staked in the pool before the wallet deposits! NFTs cannot be staked or unstaked while the wallet has coins staked in the pool!
Receipt Tokens
They have added the ability to grant receipt tokens to depositors in 10mb Coin Finance pools. Therefore, when you deposit in the /USDC LP or 10SHARE/USDC LP pools, you will receive a receipt token that you may be able to stake in other pools for additional benefits. This would confer double benefits: you will not lose staking rewards for staking your receipt tokens in other pools. However, do not lose the receipt tokens, as they are necessary to unstake!
Setting up Metamask for Cronos Network
To interact with 10mb Finance, you need to setup your browser’s Metamask plugin for the Cronos Network. To do so, open your Metamask extension and open the Networks dropdown. Then, at the bottom, click “Add network”:
Team
10mb Finance is produced by Sugandese Tokens, a highly experienced team of elite-educated DeFi participants who have previously released several past projects! Sugandese Tokens produced MiniPanther, the first fully self-liquidating DAO that ended with massive buybacks, and Snowcat DAO! You may remember from the PolyWantsACracker, Stadium Arcadium, Darkside Finance, and Stone Temple Binance protocols or Over-the-Counter (OTC) trading, Lootcrate, and Slot Machine Dapps.
Those previous projects involved large amounts of custom code, but they have never had a contract exploited! 10mb Finance is produced by Sugandese Tokens, a highly experienced team of elite-educated DeFi participants who have previously released several past projects!
