Cronos and Now Polygon
Mad Meerkat Finance (MM) introduced plans to go cross-chain with its growth to Polygon, which might 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, we now have at all times wished to scale the MM ecosystem past only one chain. Our purpose is to turn into the #1 dex and ecosystem on Polygon,” Utan Boss, co-founder of Mad Meerkat, informed Web3Wire.
In a Medium publish revealed Aug. 1, the workforce cited quite a few causes for transferring to Polygon:
- Extraordinarily low gas-fees
- EVM-compatible
- Established market (OpenSea)
- Important potential with the dimensions of the group, maturity of group, and funding
- Excessive Whole Worth Locked on the protocol
- Lack of dominant Decentralized Change (DEX) ecosystem.
“The workforce has put aside 5% of the whole Polygon MM token provide to be distributed to our Cronos token holders, who’ve caught with us by our ups and downs. With out our group, we can’t be the place we’re as we speak, and we solely have thanks for them,” the co-founder shared with Web3Wire.
Additional, to kick off this new enterprise, the MM workforce is bringing 12,000 Mad Kat Non-Fungible Tokens (NFTs) to their new chain Polygon. Nevertheless, the workforce will airdrop 10,000 of the NFTs to present holders.
In accordance with the workforce, the artwork remains to be in progress and will probably be prepared within the subsequent few weeks. Be taught extra in regards to the upcoming MM NFTs on Polygon right here.
For MM followers who don’t need to make the transfer to Polygon, don’t fear. In accordance with the workforce’s Medium publish, “There may be nonetheless loads left to construct in Cronos, and we will probably be working exhausting 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 trade, a yield optimizer, the Mad Meerkat NFTs, a challenge launchpad, and extra. The platform is an automatic market maker, and the trade lies on the heart of the ecosystem. MM Finance allows customers to earn passive earnings by staking crypto belongings in liquidity swimming pools.