Cronos and Now Polygon
Mad Meerkat Finance (MM) introduced plans to go cross-chain with its enlargement to Polygon, which may convey ‘extra publicity’ to the MM ecosystem.
“We’re excited to be embarking on one of many main milestones in our roadmap. Since day 1, now we have at all times needed to scale the MM ecosystem past only one chain. Our aim is to change into the #1 dex and ecosystem on Polygon,” Utan Boss, co-founder of Mad Meerkat, informed Web3Wire.
In a Medium publish printed Aug. 1, the staff cited quite a lot of causes for transferring to Polygon:
- Extraordinarily low gas-fees
- EVM-compatible
- Established market (OpenSea)
- Important potential with the scale of the group, maturity of group, and funding
- Excessive Complete Worth Locked on the protocol
- Lack of dominant Decentralized Change (DEX) ecosystem.
“The staff has put aside 5% of the complete Polygon MM token provide to be distributed to our Cronos token holders, who’ve caught with us by way of our ups and downs. With out our group, we can’t be the place we’re right now, and we solely have thanks for them,” the co-founder shared with Web3Wire.
Additional, to kick off this new enterprise, the MM staff is bringing 12,000 Mad Kat Non-Fungible Tokens (NFTs) to their new chain Polygon. Nevertheless, the staff will airdrop 10,000 of the NFTs to current holders.
In accordance with the staff, the artwork remains to be in progress and might be prepared within the subsequent few weeks. Study extra in regards to the upcoming MM NFTs on Polygon right here.
For MM followers who don’t wish to make the transfer to Polygon, don’t fear. In accordance with the staff’s Medium publish, “There may be nonetheless lots left to construct in Cronos, and we might be working onerous to make sure success of all chains.”
The publish outlines upcoming plans for Cronos in addition to “chain-agnostic” developments, no matter whether or not NFT holders occur to favor Cronos, Polygon or Ethereum.
What Is Mad Meerkat Finance?
MM Finance has one of many largest ecosystems in Cronos, providing a decentralized alternate, a yield optimizer, the Mad Meerkat NFTs, a undertaking launchpad, and extra. The platform is an automatic market maker, and the alternate lies on the heart of the ecosystem. MM Finance permits customers to earn passive revenue by staking crypto belongings in liquidity swimming pools.