Mute(Mute) Project Analysis
1. Institute Review
MUTE is a ZK-Rollup ecosystem, pioneering the ZK L2 ecosystem, Mute Switch runs in this cutting edge layer 2 sidechain on Ether and will support each other on both ends through development - integrating Mute into Numio wallets, specifically the zkSync on Mute Switch dApp and Numio's L2 zkSync-based wallet. mUTE holders lock their MUTE for a period of time (7-364 days) and in return receive a new soul-bound token, dMUTE. mute accounted for 10% of the previous zkSync test network trading volume.
2. Recent breakout points
Zksync Eco + DeFi
3. Project Description
IntroductionMute is a zkRollup-based DEX, agricultural platform and Bond platform built on Ether and zkSync.Mute's DeFi suite, including Mute Switch MEV Resistant AMM, Voice DAO and Amplifier LP pledge, uses zkSync-based Rollups.
4. Token Role
The native Mute token MUTE is available as a utility to unlock the accessibility of Mute DAO, a lock-based voting system based on the soul-bound token dMUTE (DAO Mute.io token). A soul-bound token is a token that cannot be transferred and is locked to the address that receives it.
This lock-based system requires MUTE holders to lock their MUTE for a period of time (7-364 days) and in return receive a new soul-bound token, dMUTE.
After the lockout period expires, you can redeem the dMUTE and burn it back to its original MUTE balance, continue to hold the dMUTE, or redeem it and reset the lockout for a different period of time. Minimum lockout time: 7 days Maximum lockout time: 364 days Lockout period increments: 7 days
5. Token Economic Model
Total number of tokens: 40 million. Circulation: 100.0%
MUTE holders lock their MUTE for a period of time (7-364 days) and in return receive a new soul-bound token, dMUTE.
6. Project Highlights
Mute accounts for 10% of the trading volume in the previous zkSync test network. Mute is an easy-to-use L2 swap platform running on Ether, with a current base pool of 450 Ether and new coin-holding addresses being added all the time, with major volume in uniswap.
30,000 Twitter followers and 4,500 Telegram members
8. Future outlook
The token's market cap is under $10 million and there is room for growth while building the next generation of DEX using ZK-Rollup technology. It is not uncommon for decentralized exchanges and L-2 scaling solutions to be valued in the hundreds of millions or even up to $8B for Uniswap. mute.io is doubly positioned in both crypto sub-sectors and has the potential to improve on previous technologies.
Project Description: Mute is an easy-to-use L2 swap platform running on Ether
Full token name: Mute
Token name: Mute
Project website: https://mute.io/
Project Documentation: https://wiki.mute.io/
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