We are pleased to announce our strategic partnership with Monetary Unit. Launched in 2014, Monetary Unit is a decentralized, self-sustainable and self-governed cryptocurrency project with long term goals.
The team of Monetary Unit has created their wrapped version of their coin for BSC (Binance smart chain) network with a bridge (still works manually) connecting MUE chain and BSC chain allowing users to switch between wrapped MUE (wMUE) tokens and MUE coins. This will open the gate for Monetary Unit to enter the DeFi space.
0x1 Finance will create an official pair wMUE/BIN for which users providing liquidity can stake their LP tokens on our Staking pool. This wMUE can earn extra as rewards for providing liquidity. For users to participate in LP staking pool they have to hold wMUE and BIN here and provide it as liquidity.
In future, when the Monetary Unit team successfully integrates and tests the bridge and its automation process, they will host a platform to create bridge for other MN (Masternode) projects and 0x1 Finance will create a pair for all new projects joining and using Monetary Unit platform to host their MN bridge. 0x1 Finance will allow those new pairs to earn LP rewards and list in staking pool for 1 month. This will allow those new projects to create liquidity and boost their market.
Fee for creating bridge and providing bridge services hosted by Monetary Unit platform and will be charged using MUE & BIN. Fee will be shared equally among both the partners.
Monetary Unit Website: https://www.monetaryunit.org
0x1 Finance Website: https://0x1.finance
At MUE, we aim to break away from the mold that cryptocurrency is only for tech-savvy people.