Since the crypto market has evolved, new and unique crypto tokens have kept rolling out to facilitate the DeFi, decentralized financial system. So far, there are over 19k cryptocurrencies listed on CoinMarketCap. And the number of exchanges that offer services as retail stores to trade these crypto tokens has also crossed the 500+ mark.
It has led to a surge in the crypto adoption rate among the masses, big investors, and financial institutes. Some of the popular cryptocurrencies ranking in the top 100 on CoinMarketCap include Ethereum (ETH), The Sandbox (SAND), Polygon (MATIC), Klaytn (KLAY), Cardano (ADA), and several others.
A new cryptocurrency that is soon approaching its launch is Mushe (XMU). And it seems to have a strong foundation and exciting future goals. Many in the industry are already hailing it as the next big thing in the crypto world.
What Does Mushe Offer?
Mushe is a native token for the governance of the Mushe World that is soon to be launched. It facilitates P2P interaction, governance, rewards, and more.
The team behind Mushe aims to increase the crypto adoption rate by educating more retail investors about the concepts of cryptocurrencies. And it is also working on offering easy accessibility of crypto assets to the masses.
It is currently built on Ethereum, one of the most popular blockchain networks. However, it intends to migrate to a more open Stellar network for more speed, lower transaction rates, and higher financial inclusions.
Another reason why Mushe is migrating to the Stellar open network is its integration and collaboration with financial hubs, fintechs, and FSIs. Reports suggest that Mushe could also move to Solana, touted as the fastest-growing ecosystem for NFTs and P2E games.
The XMU token has a fixed supply, a total of 777,000,000 XMU. Out of which, 30% would be allocated in the token presale, which started on 18th April 2022. The presale will conclude in three phases, sending rewards to early investors after each phase.
After summing up the presale session, the token would be officially launched on 4th July 2022. The token, currently built on ETH, will serve as an ERC-20 token. It also accepts multiple cryptocurrencies for trades, including DASH, BTC, ETH, TRX, SOL, BNB, XRP, and USDT.
Once the token launches on marketplaces and exchanges, the team will collaborate with fintech and other FSIs. As per the Mushe team, the ecosystem will then move to the Stellar network, followed by the launch of Mushe Wallet Mushe world.
Comparison to Other Crypto Projects
SAND is a virtual world that allows users to purchase, trade, play, and earn digital assets in the guise of a game. Created in 2011, its feature of introducing blockchain technology into gaming and metaverse makes it unique.
Another project, KLAY, also works in GameFi and metaverse development. However, its end-to-end metaverse developer’s package, guarantee for data, built-in scalability, and unique governance structure are distinctive.
Meanwhile, Mushe offers features like Musche Wallet, a decentralized social platform, a Metaverse platform called MusheVerse, metaverse banking, DeFi, NFTs, and more. These prominent features have made industry watchers believe that Mushe could perform better than many of its peers in rankings.