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What is mw currency (what currency is m coin)

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What is mw currency Editor\’s note: This article is from BlockBeats (ID: BlockBea

What is mw currency (what currency is m coin)

What is mw currency Editor’s note: This article is from BlockBeats (ID: BlockBeats), author: 0x13, authorized reprint from Odaily Planet Daily.

mw, an ERC20 token issued on Ethereum, is a digital currency and virtual asset. Its main function is to serve as a medium of exchange, allowing people to transfer value through smart contracts. This means that anyone can create an mw wallet address and send it to another address, while also being able to receive another payment. It can be used to purchase other cryptocurrencies similar to Bitcoin or exchange it for fiat currency. Its use also allows users to convert these tokens into cash or other forms of legal tender through smart contracts.

According to cryptobriefing, Mw is a blockchain-based anonymous payment network developed by Bitcoin.com, aimed at solving the high transaction costs and fees in “cross-border payments”, and can provide faster financing services for enterprises, thereby eliminating the need for third-party intermediaries. Currently, the project is running on the testnet, but the official has not announced the specific release time and details.

In order to develop this mechanism, the community has decided to add the following aspects: 1. Support the issuance of stablecoins (USDT); 2. Allocate WBTC to the liquidity pool without affecting the US dollar; 3. Transfer from ETH to MSW.

What is m coin

According to official news from m coin, m coin (MCoin) is a distributed digital asset service platform based on blockchain technology. The total supply of m coin is 100 billion, of which 50% of the tokens have been burned on the Ethereum network; another 10% will be used for ecological construction and expanding application scenarios; another 5% of the tokens will be launched in the future for liquidity mining and other products.

It is reported that m coin is a decentralized financial project on Ethereum, developed based on investment plans selected by community members according to their contributions. Currently, there are over 5 million addresses holding the protocol.

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