MMVH Utility Token, MUT
Introduction
MUT, the MMVH Utility Token launched in August 2024, is a digital currency designed to provide a wide range of benefits to its holders. MUT is distributed on the MMVH Discord, managed by a Discord bot, and offers a user-friendly, fun and rewarding experience to Uplanders.
Utilities of MUT
MUTs offer several practical applications and benefits within the ecosystem:
1. Access to Exclusive Services.
Mystery Mint auction lifelines.
Participants in Mystery Mint blind auctions have access to 2 lifelines, payable in MUTs, to help them get a winning edge.
- For 75 MUTs, participants can ask about the number of bidders with bids higher than theirs.
- For 25 MUTs, participants can ask if they are the current highest bidder.
Submission of assets for regular auctions.
For 150 MUTs, participants can submit an asset for a regular auction hosted by MMVH.
Spark Rocket.
As a MUT-based service, Spark Rocket is the cheapest spark rental alternative available on Upland for all construction needs.
We’ll fully stake your construction, getting it completed in the least time possible, at the cost of only 3.6% of the building SPH in MUTs, which turns out to be even cheaper than our Spark Rental service at 2.67 UPX /SPH.
2. Premium membership at websites.
MMVH is partnered with myupland.info, which provides a variety of valuable tools for Uplanders, whereby premium membership at the website can be paid in MUTs.
3. Redemption at shops.
MUTs can be redeemed at shops for any asset purchase, at the following rates:
- 48 UPX for 1 MUT at all MMVH shops.
- Estimated 43-48 UPX for 1 MUT at MUT Licensed shops.
4. Sale to MMVH.
MUTs can be sold to MMVH, at the rate of 36 UPX for 1 MUT.
5. Sale to other participants.
Participants can trade or gift MUTs among themselves anytime.
How to Earn MUTs
MUTs can be earned through various methods, catering to different levels of engagement and expertise:
1. Reward for participating in activities on MMVH Discord.
Sales and auctions of PES assets.
- Mints 2-10 sale: MUTs are awarded to participants making the top 3 UPX offers, proportionally to the offers, at 0.08%, 0.04% and 0.04% respectively.
- Golden Ratio pair auction: 0.38%, in line with the mathematical golden ratio, of the winning UPX bid is awarded as MUTs to the winner.
- Legacy and Mystery mint auctions: 0.08% of the winning UPX bid is awarded as MUTs to the winner.
Regular auctions.
- 1 MUT is awarded to every participant for every bid made, outbidding the last bidder, even if the bid is not the final winning bid.
- 0.1% of the winning UPX bid is awarded as MUTs to the winner.
Specifically, during MUT Week, which is normally held during the last week of each month, 2 MUTs instead of 1 are awarded to every participant for every bid made.
Flash Challenges.
Occasionally, challenges, of short durations, are held with short advance notice, with MUTs awarded to winners, as well as to participants.
Spark Rental.
Under our Spark Rental service, at only 2.67 UPX /SPH, we’ll fully stake your construction, getting it completed in the least time possible, and award you MUTs equal to 0.16% of your project UPX cost at the completion of your project.
2. Reward for participating in airdrops.
Airdrops are associated with promotional events/ challenges held from time to time where free MUTs are distributed to participants, based on their participation and completion of specific tasks.
3. Farming.
Specifically, during MUT Week, participants get the opportunity to buy MUT map assets (MUT Matrix, MUT Bags and MUT Elixirs). These assets work together to earn MUTs passively on a monthly basis.
- 1 MUT Matrix triggers up to 3 MUT bags into MUT earning mode.
MUT Elixirs are seasonal assets, which enhance the MUT earning rates of MUT Bags, providing a big boost during the appropriate season while also providing a slight boost off-season.
- 1 MUT Elixir boosts 1 MUT Matrix, enhancing the MUT earning rates of the 3 MUT Bags triggered by the MUT Matrix.
- MUT Elixir seasons span over 2 full months, compared to one and a half months applicable for Upland seasons. For example, while the Upland Frost season runs from February 1 to March 15, the MUT Elixir Frost season runs from February 1 to March 31, providing the seasonal boost for the whole months of February and March.
The monthly MUT Earnings rate table for the different combinations of MUT Matrix, MUT Bags and MUT Elixir is available on MMVH Discord.
4. Purchase from MMVH.
Specifically, during MUT Week, participants can purchase MUTs in packs of 100 for 6,000 UPX.
5. Purchase from other participants.
Participants can trade or gift MUTs among themselves anytime.
Conclusion
MUT is more than just a digital currency, designed to enrich the user experience within its ecosystem. By offering numerous ways to earn and utilize MUTs, the MMVH Discord empowers its community members and fosters sustainable growth. Whether you are looking to earn rewards, get passive earnings, or take advantage of exclusive services, MUT provides ample opportunities to engage and benefit.
Our short-term vision for MUT is to expand its utilities, while closely monitoring its supply and demand, to not only preserve but increase its value, in line with our long-term vision to evolve it into a crypto token listed on exchanges, providing opportunities for investment and profit.
Annex
Useful MUT Discord Bot commands.
/balance
Displays your MUT balance.
/baltop
Displays the MUT balances of top participants.
/send
Sends MUTs to another participant.
/company deposit
Deposits MUTs into MMVH.
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