Multinode.Finance — a node protocol that pays a daily income per node. The income is dynamic as the price of the MNode token fluctuates. The target price of the MNode token is $2 per token, which yields 1% to 2% daily rewards. If the price goes higher, the yield increases.
About the Multinode.Finance project
Multinode.Finance consists of a pair of liquid mod and USDC tokens. Where Mnode is a native protocol token, where everyone gets their reward, and USDC is a stablecoin that holds a minimum liquidity cost. Thus, each new node creation is associated with a stablecoin that will always have the same value. In addition, the smart contract owns almost all tokens in circulation, so there is no possibility of hacking or dumping the tokens into the market.
At the time of the protocol launch, there are about 25,000 million MNode tokens.
They will be kept safe by the gnosis command. And it is distributed as follows:
| 1 | 6,500 MNode tokens were sold in the pre-sale at a price of 2.0 USDC per MNode token. |
| 2 | 5,000 MNode tokens were injected as an LP pair with USDC in TraderJoe as initial liquidity. |
| 3 | 1500 MNode tokens will be used for marketing purposes. All other tokens will eventually be added as LP. |
At the moment when all tokens from the gnosis team wallet are distributed, the team will not receive new ones. Every time a tax is paid, the taxable tokens are burned, as well as all tokens from crater nodes. New tokens are minted only for receiving a reward for owning a node.
Protocol security
The team has provided KYC from Asure Defi. The developers have created the Multisig wallet so only collaboration can work outside of the protocol. Tax levies have been involved, making it difficult to get cash quickly. With the system, implemented by Multinode.Finance, a user who creates a node with an MNODE worth more than $1 saves on the USDC side. This means that the user can provide liquidity at a lower cost than on a normal DEX.