Singapore, Aug 9th, 2021 — Mimo, home of the world’s first decentralized, algorithmically-pegged EUR token, is now officially live on Polygon.
Polygon lands a massive integration with Mimo. With easy access to blockchain services all on the strength of a euro stable token, the newly merged DeFi project brings a valuable utility to the network.
The application and core services of Mimo will remain the same, with the added benefit of all that Polygon has to offer. Mimo users are going to appreciate the option to continue mining, minting, and with the lower gas fees and faster transactions Polygon enables. With a Layer-2 solution implemented, longtime followers can finally open a vault and access their wealth without selling any crypto with a much lower barrier to entry.
Polygon is one of Ethereum’s Layer-2 side chains with their native token, MATIC, which is a new collateral type for Mimo vaults while using the network as well. MATIC has proven to be a promising asset and transactions have exploded — which also come at a fraction of the cost. It’s less than a cent, paid in MATIC, to process a transaction.
The development team explained how the technical achievement of bringing a project to Polygon was worth the result:
“We’re excited about this improvement and creating the Polygon bridge. Despite the technical hurdle, I’m certain Mimo users are going to appreciate the option to access our apps across networks.”
The company has been eager to push the Polygon integration for various reasons including making DeFi easier for those less experienced in crypto and responding to the numerous concerns regarding Ethereum’s mainchain fees:
“Users have been asking for this for months and we’re excited to see how the community takes advantage of this. With lower fees, anyone can get started with Mimo much easier and leverage our protocol. Once adoption spreads, we’ll be much more poised to start announcing even more improvements to the community.” ~ Nick Calabro, Growth Manager
Polygon itself is one of the largest DeFi protocols, previously known as Matic Network. Since the functionality remains the same, creating a vault and minting PAR is easier and more economical than ever.
For more information regarding Mimo and the PAR token, visit https://mimo.capital
MiMo Official Channels:
Telegram Group: https://t.me/mimodefi
Twitter: https://twitter.com/mimodefi
Facebook: https://fb.me/mimodefi
Media Contact
Cecilia Wong, yourPRstrategist.com
pr@yourPRstrategist.com
+65–91826605
Singapore, Aug ninth, 2021 — Mimo, residence of the world’s first decentralized, algorithmically-pegged EUR token, is now formally stay on Polygon.
Polygon lands a large integration with Mimo. With easy accessibility to blockchain companies all on the energy of a euro steady token, the newly merged DeFi mission brings a worthwhile utility to the community.
The appliance and core companies of Mimo will stay the identical, with the additional benefit of all that Polygon has to supply. Mimo customers are going to understand the choice to proceed mining, minting, and with the decrease gasoline charges and quicker transactions Polygon permits. With a Layer-2 answer carried out, longtime followers can lastly open a vault and entry their wealth with out promoting any crypto with a a lot decrease barrier to entry.
Polygon is considered one of Ethereum’s Layer-2 aspect chains with their native token, MATIC, which is a brand new collateral kind for Mimo vaults whereas utilizing the community as properly. MATIC has confirmed to be a promising asset and transactions have exploded — which additionally come at a fraction of the associated fee. It’s lower than a cent, paid in MATIC, to course of a transaction.
The event group defined how the technical achievement of bringing a mission to Polygon was well worth the end result:
“We’re enthusiastic about this enchancment and creating the Polygon bridge. Regardless of the technical hurdle, I’m sure Mimo customers are going to understand the choice to entry our apps throughout networks.”
The corporate has been wanting to push the Polygon integration for varied causes together with making DeFi simpler for these much less skilled in crypto and responding to the quite a few issues concerning Ethereum’s mainchain charges:
“Customers have been asking for this for months and we’re excited to see how the neighborhood takes benefit of this. With decrease charges, anybody can get began with Mimo a lot simpler and leverage our protocol. As soon as adoption spreads, we’ll be way more poised to begin asserting much more enhancements to the neighborhood.” ~ Nick Calabro, Progress Supervisor
Polygon itself is among the largest DeFi protocols, beforehand often called Matic Community. For the reason that performance stays the identical, making a vault and minting PAR is simpler and extra economical than ever.
For extra data concerning Mimo and the PAR token, go to https://mimo.capital
MiMo Official Channels:
Telegram Group: https://t.me/mimodefi
Twitter: https://twitter.com/mimodefi
Fb: https://fb.me/mimodefi
Media Contact
Cecilia Wong, yourPRstrategist.com
pr@yourPRstrategist.com
+65–91826605
