Mutuum Finance: A Steady Climb in the Crypto World

Phase Two: Core Development

Mutuum Finance is steadily progressing through its development plan, now in the second phase. This phase focuses on building the core components of its lending and borrowing system. The goal is to create a robust system that benefits both lenders and borrowers, adapting to market changes and managing risks effectively.

Growing Investor Interest

The project has garnered significant attention, with over 18,500 investors now on board. This demonstrates a growing interest in Mutuum Finance. The project has raised $19.45 million so far, funding its ongoing development.

Token Performance and Sales

Mutuum Finance began selling its tokens, MUTM, early this year. The token's price has surged by 250% since the first phase. The total supply is capped at 4 billion tokens, with 45.5% available for sale. To date, 825 million tokens have been sold.

Community Engagement

The project emphasizes community involvement through a daily leaderboard, rewarding the top participant with $500 in MUTM. Additionally, Mutuum Finance has introduced card payment options to make participation easier.

Security Measures

Security is a top priority for Mutuum Finance. The project has completed a CertiK audit, scoring 90/100. An independent audit with Halborn Security is also underway. To further enhance security, Mutuum Finance has announced a $50,000 bug bounty to encourage researchers to identify and fix potential issues.

Future Plans

Looking ahead, Mutuum Finance aims to create a stablecoin backed by multiple assets, providing stable liquidity for borrowers. The project also plans to integrate Layer-2 networks to reduce transaction costs and improve speed. Accurate pricing is another focus, with plans to use decentralized oracle feeds like Chainlink.

Conclusion

As Mutuum Finance moves closer to its next phase, it is clear that the project is advancing carefully. By taking its time to build a solid foundation, Mutuum Finance aims to stand out in the competitive crypto space.