What is Mirror Protocol (MIR) | What is Mirror Protocol token | What is MIR token

The DeFi boom has given us a number of applications built on top of the Ethereum network and an unappetizing variety of food tokens of questionable intent. While we appreciate the abundance of gastronomical options, what we truly crave is substance — something built on real world value. To that end, we introduce Mirror — a DeFi protocol that enables Mirrored Assets (mAssets): synthetic assets that give traders price exposure to real-world assets by reflecting their price activity on-chain.

We take the best that DeFi has to offer and pair it with real-world asset exposure on an interface accessible on both the Terra and Ethereum blockchains. Moreover, mAssets offer many tangible advantages over traditional assets: you can hold them in fractional amounts and trade them unrestrained by geographic location or US stock market hours. You can benefit from exposure to the asset without the burden of owning the asset.

Value Proposition

Fair access to popular assets is limited to a few. Synthetic assets provide exposure to an asset without holding the underlying resource. This has a range of advantages, including expanding global accessibility to foreign markets, reducing the friction when switching between different assets (e.g. from Apple shares to synthetic gold), and enabling speedy order execution.

• Global Accessibility: In most markets outside of Europe & North America, access to foreign equities and forex markets is highly limited. Crypto allows global accessibility without entry barriers.
• Fractional Orders: In traditional finance, to execute a fractional order, multiple fractional orders are bundled together to execute a unitary transaction. The process of gathering all the orders into one requires additional waiting time. By utilizing the blockchain, orders volume is simply represented as a number on the blockchain, so there is no need for the intermediary bundling process.
• Nearly-Instantaneous Order Execution: Oftentimes due to the lack of liquidity (price-time-priority order book algorithm), orders can take up to a day to fully execute. Given the fact that Mirror relies on liquidity provided by each individual asset pool, orders can be executed as fast as the blocktime of the network (~ 6 seconds).

Protocol Design

Anyone can issue and trade assets fully collateralized in Terra stablecoins and mAssets, tracking the price of everything from traditional equities to cryptocurrencies.

• To **create **an mAsset, you must lock up 150% of the current asset value in UST or other mAssets as collateral. This regulates minting, as collateral can be liquidated if positions go under the minimum collateral ratio.
• To redeem an mAsset and receive the collateral, you must burn the same amount of mAssets issued when opening the CDP.
• To trade an mAsset, the assets are listed on AMM DEX Terraswap. Trading fees (0.3%) and MIR also serve to incentivize liquidity providers to trade.
• To ensure that the mAsset is pegged to the real asset, the system uses a decentralized price oracle that is updated every 30 seconds. When the price of the mAsset drifts, traders are incentivized to arbitrage to claim the collateral.

Detailed mechanism documentation can be found at https://docs.mirror.finance.

The MIR token

The Mirror token (MIR) is Mirror Protocol’s fairly distributed governance token. The MIR token has two main features:

• **Captures CDP closure fees: **When Mirror CDPs are closed, a 1.5% fee is charged on the collateral. The fees are aggregated daily and used to purchase MIR tokens on Terraswap, which is in turn paid to MIR-UST-LPs on Terraswap.
• **Protocol governance: **The Mirror token can be used to change major parameters in the protocol, such as the trading fee take rate and the position fee. It can also be used to make spend proposals against the on-chain community pool holding MIR tokens, which can be used to fund developer grants and add incentives to the protocol.

MIR Distribution

At genesis, a total of 18.3 million MIR will be airdropped to LUNA stakers and UNI holders as a reward to those who not only actively uphold the stability of the Terra and DeFi ecosystems at present, but also believe in their success and rising significance. Based on screenshots taken on 11/23/2020 03:36AM UTC, each user with LUNA staked will receive MIR on a pro-rata basis and each UNI holder with at least 100 UNI will receive 220 MIR.

Additionally, in order to align the growth of the Mirror Protocol with the network security of the base layer, Terra, over the course of the first year 18.3 million MIR tokens will be distributed to LUNA stakers on a weekly basis (every 100,000 blocks). For a more detailed distribution breakdown, see the the MIR distribution schedule .

With no Mirror token pre-mine, users can farm Mirror tokens by providing liquidity on Uniswap on Ethereum and equivalent pairs on Terraswap on Terra, similarly to how yield farming programs work on Uniswap. Liquidity providers are rewarded generously over the course of four years, with rewards decaying by 50% until the end of year four.

Governance

While the Mirror protocol is developed by Terraform Labs (TFL), TFL abdicates control to the decentralized DeFi community from the onset. TFL has no intention of keeping or selling any MIR tokens for profit so that governance privileges and potential rewards are entirely in the community’s hands. There are no admin keys with privileged access. All changes, such as new features to be added to Mirror Protocol, must be enacted via community governance. Passing a governance proposal requires a majority approval of Mirror token holders, and takes 1 week(s) to take effect.

More specifically, MIR holders receive the following governance rights:

1. Ability to set important economic parameters
2. Ability to vote on budget proposals from the community pool
3. (i.e. decide how the X% token distribution that goes to the pool can be spent)
4. Vote in / vote out assets to be covered by the protocol

Initial mAssets

Mirror can create new mAssets that track the price of any asset via onchain governance. To get the ball rolling here, we’ve selected the initial pool of assets based on the following criteria: popularity, provision of both long and short positions, and broad coverage (blue chip, commodities, ETFs, etc).

At genesis, the following assets will be covered:

Stocks

mAAPL — Mirrored Apple Inc.
mAMZN — Mirrored Amazon.com, Inc.
mBABA — Mirrored Alibaba Group Holding Limited
mGOOGL — Mirrored Alphabet Inc.
mMSFT — Mirrored Microsoft Corporation
mNFLX — Mirrored Netflix, Inc.
mTSLA — Mirrored Tesla, Inc.
mTWTR — Mirrored Twitter Inc.

ETFs

mIAU — Mirrored iShares Gold Trust
mQQQ — Mirrored Invesco QQQ Trust
mSLV — Mirrored iShares Silver Trust
mUSO — Mirrored United States Oil Fund, LP
mVIXY — Mirrored ProShares VIX Short-Term Futures ETF

Native Token

MIR — Mirror Governance Token

Mirror Interface Guide

Designed with interchain operability in mind, Mirror can be accessed on Mirror Web App and mETH, with a few key differences between the two. For a frictionless user experience, all tokens on Mirror and mETH are easily transferrable between each other through the interchain **Shuttle **bridge, which enables cross-chain transfers between Terra and Ethereum. This means that any asset bought or minted on Mirror can be sent to Ethereum and be traded on Uniswap, and vice versa.

Mirror Web App

• Touse Mirror Web App, install Terra Station Extension on Google Chrome.
• To send tokens, choose the Send option on the Holdings list on My Page, input the recipients Terra/Ethereum address, choose the token type and amount, and confirm.
• To trade mAssets/MIR tokens against UST, confirm which mAsset you want to buy or sell.
• To mintnew tokens of an mAsset and open a new CDP, select another mAsset or UST to be used as collateral, determine the collateral ratio, and confirm. Manage an open CDP on My Page.
• To provideliquidity, supply an equal value of an asset and UST on the Pool page.
• Receive LP tokens that allow you to reclaim your share of the pool.
• To withdrawliquidity, reclaim your assets by burning LP tokens on the Pool page.
• To stake / unstakeLP tokens, select the corresponding staking pool on the Stake page, and determine the amount to stake / unstake.
• Toclaimstaking rewards, select CLAIM ALL REWARDS on theStake page and confirm the amount.
• To claim rewards from an individual staking position, select CLAIM REWARDS on My Pagefor respective position.
• To participate in governance, first stakeMIR tokens on the Governance page.
• To createa poll, first deposit 100 MIR to prevent spam polls. Then, select the type of poll you want to create, and submit the transaction.
• To voteon a poll, select a poll that is in progress, vote, and submit the transaction.

mETH

• To usemETH on Uniswap via Shuttle, install MetaMask.
• To stake / unstakeLP tokens, select the corresponding staking pool on the Stake page, and determine the amount to stake / unstake.
• Toclaimstaking rewards, select CLAIM ALL REWARDS on the Stake page and confirm the amount.

Security Audit

We consider the security of the Mirror protocol extremely important. Our development team has worked with the Cyber Unit team and third-party consultants to create a safe and trustworthy protocol. See the Mirror Smart Contract audit here. All contract code and balances can be publicly verified. If you discover an original vulnerability, refer to our Bug Bounty guidelines and let us know at security@mirror.finance. We promise to reward you generously depending on the severity of the discovery, granted that it fulfills our requirements.

Smart Contracts

Mirror smart contracts are available on https://github.com/mirror-protocol. The following is a list of smart contracts deployed on Mirror with a brief explanation:

• Collector: Collect protocol fees from CDP withdrawals and liquidations and send to Gov
• Community: Manage the Community Pool fund
• Factory: Organize all other contracts on Mirror
• Gov: Allow decentralized governance to control other Mirror contracts. Share MIR with MIR stakers
• Mint: Handle CDP creation, management, and liquidation
• Oracle: Enable oracle feeders to post prices for mAssets
• Staking: Distribute MIR rewards from block reward to LP stakers

An Introduction to MIR Token Farming on Mirror Protocol

MIR is the governance token of Mirror Protocol, a synthetic assets protocol built by Terraform Labs (TFL) on the Terra blockchain.

Mirror Protocol is decentralized from day 1, with the on-chain treasury and code changes governed by holders of the MIR token. TFL has no intention of keeping or selling MIR tokens, and there are no admin keys or special access privileges granted. The intent for this is to be a completely decentralized, community-driven project.

Token distribution allocations and timeline can be found below:

At Genesis, 9,150,000 tokens will be airdropped to UNI token holders. Only wallets with at least 100 UNI on 11/23/2020 at 00:00 UTC+0 will receive the airdrop.

Another 9,150,000 tokens will be airdropped to LUNA staker wallets. These tokens will be distributed pro-rata based to wallets with staked LUNA on 11/23/2020 at 03:36 UTC+0.

At launch, there will be three ways to earn MIR:

1. Contribute to liquidity provision for MIR/UST pairs
2. Stake LUNA
3. Contribute to liquidity provision for mAsset/UST pairs

MIR/UST Pairs

Contributing to liquidity provision for these pairs on Terraswap or Uniswap yields the largest amount of MIR rewards. 20,587,500 will be rewarded to depositors in the first year, 3X the rewards of what any individual mAsset/UST pool yields, but which also presents the greatest risk.

Because liquidity provision must be contributed equally for one stable asset (UST), and one volatile asset (MIR), depositors may be subject to impermanent loss as a result of MIR price volatility.

LUNA Staking

Earning MIR through LUNA staking is mechanically the most simple of all the methods. There are 18,300,000 tokens allocated to stakers for the first year only, which will be distributed weekly on a pro-rata basis of total LUNA staked (every 100,000 blocks, 53 times). As mentioned above, TFL’s LUNA reserves will be blacklisted from earning MIR. Staking can be done via the Station Wallet desktop app, which can be downloaded on TFL’s website: https://terra.money/

This option presents medium reward/risk; previously staked LUNA that has been unstaked requires 21 days to be unbonded (unfrozen). Therefore the main risk is the potential price downside over this 21-day unbonding period.

mAsset/UST Pools

At launch, there will be 13 different mAsset/UST pools each on Terraswap and Uniswap that yield MIR. 44,606,250 MIR will be allocated for each network in the first year, across 13 pools each, resulting in 3,431,250 MIR (44,606,250 MIR / 13) per pool in the first year.

Although each individual mAsset/UST pool yields a lower amount of MIR compared to the other options, this method likely presents the least risk.

Liquidity provision must be contributed equally for one stable asset (UST), and a mirror asset of a US equity (e.g. mApple, mGoogle). So while depositors may still be subject to impermanent loss, price volatility for large cap US equities is generally less than those of crypto assets.

Would you like to earn MIR right now! ☞ CLICK HERE

How and Where to Buy MIR token ?

MIR token has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy MIR

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

After the deposit is confirmed you may then purchase MIR from the exchange.

The top exchange for trading in MIR token is currently Binance, Huobi Global, OKEx, MXC.COM, and Bithumb

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once MIR gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ https://www.binance.com
 ☞ https://www.bittrex.com
 ☞ https://www.poloniex.com
 ☞ https://www.bitfinex.com
 ☞ https://www.huobi.com

Find more information MIR

☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

Thank for visiting and reading this article! Please don’t forget to leave a like, comment and share!

#bitcoin #crypto #blockchain #mirror protocol #mir

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Buddha Community

What is Mirror Protocol (MIR) | What is Mirror Protocol token | What is MIR token

The DeFi boom has given us a number of applications built on top of the Ethereum network and an unappetizing variety of food tokens of questionable intent. While we appreciate the abundance of gastronomical options, what we truly crave is substance — something built on real world value. To that end, we introduce Mirror — a DeFi protocol that enables Mirrored Assets (mAssets): synthetic assets that give traders price exposure to real-world assets by reflecting their price activity on-chain.

We take the best that DeFi has to offer and pair it with real-world asset exposure on an interface accessible on both the Terra and Ethereum blockchains. Moreover, mAssets offer many tangible advantages over traditional assets: you can hold them in fractional amounts and trade them unrestrained by geographic location or US stock market hours. You can benefit from exposure to the asset without the burden of owning the asset.

Value Proposition

Fair access to popular assets is limited to a few. Synthetic assets provide exposure to an asset without holding the underlying resource. This has a range of advantages, including expanding global accessibility to foreign markets, reducing the friction when switching between different assets (e.g. from Apple shares to synthetic gold), and enabling speedy order execution.

• Global Accessibility: In most markets outside of Europe & North America, access to foreign equities and forex markets is highly limited. Crypto allows global accessibility without entry barriers.
• Fractional Orders: In traditional finance, to execute a fractional order, multiple fractional orders are bundled together to execute a unitary transaction. The process of gathering all the orders into one requires additional waiting time. By utilizing the blockchain, orders volume is simply represented as a number on the blockchain, so there is no need for the intermediary bundling process.
• Nearly-Instantaneous Order Execution: Oftentimes due to the lack of liquidity (price-time-priority order book algorithm), orders can take up to a day to fully execute. Given the fact that Mirror relies on liquidity provided by each individual asset pool, orders can be executed as fast as the blocktime of the network (~ 6 seconds).

Protocol Design

Anyone can issue and trade assets fully collateralized in Terra stablecoins and mAssets, tracking the price of everything from traditional equities to cryptocurrencies.

• To **create **an mAsset, you must lock up 150% of the current asset value in UST or other mAssets as collateral. This regulates minting, as collateral can be liquidated if positions go under the minimum collateral ratio.
• To redeem an mAsset and receive the collateral, you must burn the same amount of mAssets issued when opening the CDP.
• To trade an mAsset, the assets are listed on AMM DEX Terraswap. Trading fees (0.3%) and MIR also serve to incentivize liquidity providers to trade.
• To ensure that the mAsset is pegged to the real asset, the system uses a decentralized price oracle that is updated every 30 seconds. When the price of the mAsset drifts, traders are incentivized to arbitrage to claim the collateral.

Detailed mechanism documentation can be found at https://docs.mirror.finance.

The MIR token

The Mirror token (MIR) is Mirror Protocol’s fairly distributed governance token. The MIR token has two main features:

• **Captures CDP closure fees: **When Mirror CDPs are closed, a 1.5% fee is charged on the collateral. The fees are aggregated daily and used to purchase MIR tokens on Terraswap, which is in turn paid to MIR-UST-LPs on Terraswap.
• **Protocol governance: **The Mirror token can be used to change major parameters in the protocol, such as the trading fee take rate and the position fee. It can also be used to make spend proposals against the on-chain community pool holding MIR tokens, which can be used to fund developer grants and add incentives to the protocol.

MIR Distribution

At genesis, a total of 18.3 million MIR will be airdropped to LUNA stakers and UNI holders as a reward to those who not only actively uphold the stability of the Terra and DeFi ecosystems at present, but also believe in their success and rising significance. Based on screenshots taken on 11/23/2020 03:36AM UTC, each user with LUNA staked will receive MIR on a pro-rata basis and each UNI holder with at least 100 UNI will receive 220 MIR.

Additionally, in order to align the growth of the Mirror Protocol with the network security of the base layer, Terra, over the course of the first year 18.3 million MIR tokens will be distributed to LUNA stakers on a weekly basis (every 100,000 blocks). For a more detailed distribution breakdown, see the the MIR distribution schedule .

With no Mirror token pre-mine, users can farm Mirror tokens by providing liquidity on Uniswap on Ethereum and equivalent pairs on Terraswap on Terra, similarly to how yield farming programs work on Uniswap. Liquidity providers are rewarded generously over the course of four years, with rewards decaying by 50% until the end of year four.

Governance

While the Mirror protocol is developed by Terraform Labs (TFL), TFL abdicates control to the decentralized DeFi community from the onset. TFL has no intention of keeping or selling any MIR tokens for profit so that governance privileges and potential rewards are entirely in the community’s hands. There are no admin keys with privileged access. All changes, such as new features to be added to Mirror Protocol, must be enacted via community governance. Passing a governance proposal requires a majority approval of Mirror token holders, and takes 1 week(s) to take effect.

More specifically, MIR holders receive the following governance rights:

1. Ability to set important economic parameters
2. Ability to vote on budget proposals from the community pool
3. (i.e. decide how the X% token distribution that goes to the pool can be spent)
4. Vote in / vote out assets to be covered by the protocol

Initial mAssets

Mirror can create new mAssets that track the price of any asset via onchain governance. To get the ball rolling here, we’ve selected the initial pool of assets based on the following criteria: popularity, provision of both long and short positions, and broad coverage (blue chip, commodities, ETFs, etc).

At genesis, the following assets will be covered:

Stocks

mAAPL — Mirrored Apple Inc.
mAMZN — Mirrored Amazon.com, Inc.
mBABA — Mirrored Alibaba Group Holding Limited
mGOOGL — Mirrored Alphabet Inc.
mMSFT — Mirrored Microsoft Corporation
mNFLX — Mirrored Netflix, Inc.
mTSLA — Mirrored Tesla, Inc.
mTWTR — Mirrored Twitter Inc.

ETFs

mIAU — Mirrored iShares Gold Trust
mQQQ — Mirrored Invesco QQQ Trust
mSLV — Mirrored iShares Silver Trust
mUSO — Mirrored United States Oil Fund, LP
mVIXY — Mirrored ProShares VIX Short-Term Futures ETF

Native Token

MIR — Mirror Governance Token

Mirror Interface Guide

Designed with interchain operability in mind, Mirror can be accessed on Mirror Web App and mETH, with a few key differences between the two. For a frictionless user experience, all tokens on Mirror and mETH are easily transferrable between each other through the interchain **Shuttle **bridge, which enables cross-chain transfers between Terra and Ethereum. This means that any asset bought or minted on Mirror can be sent to Ethereum and be traded on Uniswap, and vice versa.

Mirror Web App

• Touse Mirror Web App, install Terra Station Extension on Google Chrome.
• To send tokens, choose the Send option on the Holdings list on My Page, input the recipients Terra/Ethereum address, choose the token type and amount, and confirm.
• To trade mAssets/MIR tokens against UST, confirm which mAsset you want to buy or sell.
• To mintnew tokens of an mAsset and open a new CDP, select another mAsset or UST to be used as collateral, determine the collateral ratio, and confirm. Manage an open CDP on My Page.
• To provideliquidity, supply an equal value of an asset and UST on the Pool page.
• Receive LP tokens that allow you to reclaim your share of the pool.
• To withdrawliquidity, reclaim your assets by burning LP tokens on the Pool page.
• To stake / unstakeLP tokens, select the corresponding staking pool on the Stake page, and determine the amount to stake / unstake.
• Toclaimstaking rewards, select CLAIM ALL REWARDS on theStake page and confirm the amount.
• To claim rewards from an individual staking position, select CLAIM REWARDS on My Pagefor respective position.
• To participate in governance, first stakeMIR tokens on the Governance page.
• To createa poll, first deposit 100 MIR to prevent spam polls. Then, select the type of poll you want to create, and submit the transaction.
• To voteon a poll, select a poll that is in progress, vote, and submit the transaction.

mETH

• To usemETH on Uniswap via Shuttle, install MetaMask.
• To stake / unstakeLP tokens, select the corresponding staking pool on the Stake page, and determine the amount to stake / unstake.
• Toclaimstaking rewards, select CLAIM ALL REWARDS on the Stake page and confirm the amount.

Security Audit

We consider the security of the Mirror protocol extremely important. Our development team has worked with the Cyber Unit team and third-party consultants to create a safe and trustworthy protocol. See the Mirror Smart Contract audit here. All contract code and balances can be publicly verified. If you discover an original vulnerability, refer to our Bug Bounty guidelines and let us know at security@mirror.finance. We promise to reward you generously depending on the severity of the discovery, granted that it fulfills our requirements.

Smart Contracts

Mirror smart contracts are available on https://github.com/mirror-protocol. The following is a list of smart contracts deployed on Mirror with a brief explanation:

• Collector: Collect protocol fees from CDP withdrawals and liquidations and send to Gov
• Community: Manage the Community Pool fund
• Factory: Organize all other contracts on Mirror
• Gov: Allow decentralized governance to control other Mirror contracts. Share MIR with MIR stakers
• Mint: Handle CDP creation, management, and liquidation
• Oracle: Enable oracle feeders to post prices for mAssets
• Staking: Distribute MIR rewards from block reward to LP stakers

An Introduction to MIR Token Farming on Mirror Protocol

MIR is the governance token of Mirror Protocol, a synthetic assets protocol built by Terraform Labs (TFL) on the Terra blockchain.

Mirror Protocol is decentralized from day 1, with the on-chain treasury and code changes governed by holders of the MIR token. TFL has no intention of keeping or selling MIR tokens, and there are no admin keys or special access privileges granted. The intent for this is to be a completely decentralized, community-driven project.

Token distribution allocations and timeline can be found below:

At Genesis, 9,150,000 tokens will be airdropped to UNI token holders. Only wallets with at least 100 UNI on 11/23/2020 at 00:00 UTC+0 will receive the airdrop.

Another 9,150,000 tokens will be airdropped to LUNA staker wallets. These tokens will be distributed pro-rata based to wallets with staked LUNA on 11/23/2020 at 03:36 UTC+0.

At launch, there will be three ways to earn MIR:

1. Contribute to liquidity provision for MIR/UST pairs
2. Stake LUNA
3. Contribute to liquidity provision for mAsset/UST pairs

MIR/UST Pairs

Contributing to liquidity provision for these pairs on Terraswap or Uniswap yields the largest amount of MIR rewards. 20,587,500 will be rewarded to depositors in the first year, 3X the rewards of what any individual mAsset/UST pool yields, but which also presents the greatest risk.

Because liquidity provision must be contributed equally for one stable asset (UST), and one volatile asset (MIR), depositors may be subject to impermanent loss as a result of MIR price volatility.

LUNA Staking

Earning MIR through LUNA staking is mechanically the most simple of all the methods. There are 18,300,000 tokens allocated to stakers for the first year only, which will be distributed weekly on a pro-rata basis of total LUNA staked (every 100,000 blocks, 53 times). As mentioned above, TFL’s LUNA reserves will be blacklisted from earning MIR. Staking can be done via the Station Wallet desktop app, which can be downloaded on TFL’s website: https://terra.money/

This option presents medium reward/risk; previously staked LUNA that has been unstaked requires 21 days to be unbonded (unfrozen). Therefore the main risk is the potential price downside over this 21-day unbonding period.

mAsset/UST Pools

At launch, there will be 13 different mAsset/UST pools each on Terraswap and Uniswap that yield MIR. 44,606,250 MIR will be allocated for each network in the first year, across 13 pools each, resulting in 3,431,250 MIR (44,606,250 MIR / 13) per pool in the first year.

Although each individual mAsset/UST pool yields a lower amount of MIR compared to the other options, this method likely presents the least risk.

Liquidity provision must be contributed equally for one stable asset (UST), and a mirror asset of a US equity (e.g. mApple, mGoogle). So while depositors may still be subject to impermanent loss, price volatility for large cap US equities is generally less than those of crypto assets.

Would you like to earn MIR right now! ☞ CLICK HERE

How and Where to Buy MIR token ?

MIR token has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy MIR

You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.

Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

☞ SIGN UP ON BINANCE

Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)

After the deposit is confirmed you may then purchase MIR from the exchange.

The top exchange for trading in MIR token is currently Binance, Huobi Global, OKEx, MXC.COM, and Bithumb

Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once MIR gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!

Top exchanges for token-coin trading. Follow instructions and make unlimited money

☞ https://www.binance.com
 ☞ https://www.bittrex.com
 ☞ https://www.poloniex.com
 ☞ https://www.bitfinex.com
 ☞ https://www.huobi.com

Find more information MIR

☞ Website ☞ Explorer ☞ Source Code ☞ Social Channel

🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.

🔥 If you’re a beginner. I believe the article below will be useful to you

⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐

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SafeMoon Clone | Create A DeFi Token Like SafeMoon | DeFi token like SafeMoon

SafeMoon is a decentralized finance (DeFi) token. This token consists of RFI tokenomics and auto-liquidity generating protocol. A DeFi token like SafeMoon has reached the mainstream standards under the Binance Smart Chain. Its success and popularity have been immense, thus, making the majority of the business firms adopt this style of cryptocurrency as an alternative.

A DeFi token like SafeMoon is almost similar to the other crypto-token, but the only difference being that it charges a 10% transaction fee from the users who sell their tokens, in which 5% of the fee is distributed to the remaining SafeMoon owners. This feature rewards the owners for holding onto their tokens.

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SafeMoon Clone | SafeMoon Token Clone | SafeMoon Token Clone Development

The SafeMoon Token Clone Development is the new trendsetter in the digital world that brought significant changes to benefit the growth of investors’ business in a short period. The SafeMoon token clone is the most widely discussed topic among global users for its value soaring high in the marketplace. The SafeMoon token development is a combination of RFI tokenomics and the auto-liquidity generating process. The SafeMoon token is a replica of decentralized finance (DeFi) tokens that are highly scalable and implemented with tamper-proof security.

The SafeMoon tokens execute efficient functionalities like RFI Static Rewards, Automated Liquidity Provisions, and Automatic Token Burns. The SafeMoon token is considered the most advanced stable coin in the crypto market. It gained global audience attention for managing the stability of asset value without any fluctuations in the marketplace. The SafeMoon token clone is completely decentralized that eliminates the need for intermediaries and benefits the users with less transaction fee and wait time to overtake the traditional banking process.

Reasons to invest in SafeMoon Token Clone :

• The SafeMoon token clone benefits the investors with Automated Liquidity Pool as a unique feature since it adds more revenue for their business growth in less time. The traders can experience instant trade round the clock for reaping profits with less investment towards the SafeMoon token.
• It is integrated with high-end security protocols like two-factor authentication and signature process to prevent various hacks and vulnerable activities. The Smart Contract system in SafeMoon token development manages the overall operation of transactions without any delay,
• The users can obtain a reward amount based on the volume of SafeMoon tokens traded in the marketplace. The efficient trading mechanism allows the users to trade the SafeMoon tokens at the best price for farming. The user can earn higher rewards based on the staking volume of tokens by users in the trade market.
• It allows the token holders to gain complete ownership over their SafeMoon tokens after purchasing from DeFi exchanges. The SafeMoon community governs the token distribution, price fluctuations, staking, and every other token activity. The community boosts the value of SafeMoon tokens.
• The Automated Burning tokens result in the community no longer having control over the SafeMoon tokens. Instead, the community can control the burn of the tokens efficiently for promoting its value in the marketplace. The transaction of SafeMoon tokens on the blockchain platform is fast, safe, and secure.

The SafeMoon Token Clone Development is a promising future for upcoming investors and startups to increase their business revenue in less time. The SafeMoon token clone has great demand in the real world among millions of users for its value in the market. Investors can contact leading Infinite Block Tech to gain proper assistance in developing a world-class SafeMoon token clone that increases the business growth in less time.

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How to Buy FEG Token - The EASIEST Method 2021. JUST IN A FEW MINUTES!!!

How to Buy FEG Token - The EASIEST Method 2021
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The origin of the article: https://www.youtube.com/watch?v=LAVwpiEN6bg
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
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Embrace the growth of DeFi Token Development Like SafeMoon in real-world

“The DeFi token development like SafeMoon was initially launched in March 2021 and created huge hype among global users. It is noted that more than 2 million holders have adopted this SafeMoon token in recent times after its launch in the market. The DeFi token like SafeMoon has hit the market cap for about $2.5 billion. This digital currency has experienced a steady increase in its price value to top the crypto list in the trade market. The future of cryptocurrency is expanding wide opportunities for upcoming investors and startups to make their investments worthy.”

The SafeMoon like token development is becoming more popular in the real world, making investors go crazy over these digital currencies since their value is soaring high in the marketplace. The DeFi like SafeMoon token has grabbed users attention in less time when compared to other crypto tokens in the market. The SafeMoon like token exists on the blockchain for the long run and does not rely on any intermediaries like financial institutions or exchanges. It has a peer-to-peer (P2P) network that benefits global users from experiencing fast and secure transactions.

What is SafeMoon?

SafeMoon is considered a decentralized finance (DeFi) token with great demand and value in the crypto market. It is mainly known for its functionalities like Reflection, LP Acquisition and burning. The DeFi token like SafeMoon functions exactly like tokenomics of the reflected finance, and it is operated through the Binance Smart Chain framework. It is a combination of liquidity generating protocol and RFI tokenomics in the blockchain platform. The launch of the SafeMoon token eliminates the need for central authority like banks or governments to benefit the users with secure processing at high speed without any interruption.

SafeMoon Tokenomics :

The SafeMoon tokenomics describes the economic status of the crypto tokens and has a more sound monetary policy than other competitors in the market. However, it is figured that investment towards DeFi like SafeMoon tokens has a higher potential for returns to benefit the investors in future and the risk associated with it is less. The total supply of SafeMoon tokens is estimated at 1,000,000,000,000,000, and 600,000,000,000 of these tokens are still in circulation. Burned Dev tokens supply is calculated as 223,000,000,000,000, and the shorthand is 223 Trillion. The Fair launch supply is closed around 777,000,000,000,000, and it is circulated for about 777 Trillion.

SafeMoon Specification :

The SafeMoon like DeFi token development is currently the fast-moving cryptos and struck the market cap for about $2,965,367,638. The SafeMoon token price value is found to be $0.000005065 that lured a wide range of audience attention in a short period. The total supply of tokens in the present is one quadrillion tokens.

SafeMoon Protocol :

The SafeMoon Protocol is considered as community-driven DeFi token that focuses on reflection, LP acquisition, and burn in each trade where the transaction is taxed into 5% fee redistributed to all existing holders, 5% fee is split into 50/50 where the half is sold by the contract into BNB and another half of SafeMoon tokens pairs with BNB and added as liquidity pair on PancakeSwap.

Safety: A step by step plan for ensuring 100% safety.

• Dev burned all tokens in the wallet before the launch.
• Fair launch on DxSale.
• LP locked on DxLocker for four years
• LP generated with every trade and locked on Pancake

Why is there a need for reflection & static?

The reflect mechanism effectively allows token holders to hang on their tokens based on percentages carried out and relying upon total tokens held by owners. The static rewards play a significant role in solving a host of problems to benefit the investors with profits based on the volume of tokens being traded in the market. This mechanism focuses on satisfying the early adopters selling their tokens after farming high APYs.

What is the role of Manual Burns?

The manual burns do matter at times, and sometimes they don’t. The continuous burn on any protocol is efficient for a shorter period, which means there is no possibility of controlling it in any way. It is necessary to have the SafeMoon like token burns controlled and promoted for further achievements over community rewards. It is possible that even manual burns and the amounts to be tracked down easily and advertised. The burn strategy of DeFi like SafeMoon token, is beneficial and rewarding for users engaged over the long term.

How efficient is Automatic Liquidity Pool (LP)?

The SafeMoon protocol ensures to take the assets automatically from token holders and locks them for liquidity. The main intention is to keep the holder in touch with the performance of the SafeMoon token by preventing the dips from whales when they are adopted for the mass trade-off.
The DeFi like SafeMoon token, has great price value in the trade market with fewer fluctuations.

Attractive features present in DeFi like SafeMoon token platform :

• Stable Rewards
• Manual Burning
• LP Acquisition
• Community Governed Tokens
• RFI Staking Rewards
• Automated Liquidity Pool
• Automated Market Making

What are the benefits offered in SafeMoon like Token Development?

• The SafeMoon like token development maintains high transparency over user transaction details to gain their trust.
• It eliminates the need for intermediaries in DeFi token like SafeMoon platform to benefit the users with less gas fee, wait time and faster transaction speed.
• The DeFi token development like SafeMoon supports borderless transactions for users to transfer funds from anywhere and anytime.
• It benefits the token holders from gaining exclusive ownership rights over their purchased DeFi like SafeMoon tokens from the marketplace.
• The smart contracts present in DeFi like SafeMoon token platform manages to operate the overall flow of transactions without any delay.
• Investors can generate immediate liquidity from DeFi like SafeMoon tokens to increase their business revenue in a short period.

Summing Up :

The DeFi token development like SafeMoon is the next game-changer for the upcoming generation to explore the benefits for their business growth. The investments towards DeFi like SafeMoon token has excellent value in the long run that benefits the investors with high returns. It is highly efficient for trade, buy/sell and transaction. Investors can connect with any reputed blockchain company with professional experience developing a world-class DeFi like SafeMoon token platform with high-end features cost-effectively.

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