Technical Development Update: Microtuber Multichain Project
Let me introduce Microtuber’s new blockchain development project:
📅 Microtuber Multichain Project Roadmap Schedule
4th quarter of 2021
▶ MCT Multichain
▶ MCT Cross-chain Bridge
▶ PancakeSwap Listing
▶ SeedBox Multichain Support
1st quarter of 2022
▶ myfarm Marketplace English Language Support
▶ myfarm Layer 2 Multichain Transfer Protocol (L2-MCTP)
MCT token will be listed as BEP-20 on the Binance smart chain. Therefore, the MCT token will become multichain — interchangeable from ERC-20 to BEP-20, vice versa.
There is no extra token issuance and there is no change in the total amount of issuance in conjunction with the Ethereum chain MCT token.
The advantages of Binance Smart Chain are as follows.
▶ Low gas fee as low as one cent
▶ Faster transaction speed than Ethereum chain
▶ Compatible with EVM
🛑 Cross-chain Bridge
Cross-chain bridge will allow users to exchange ERC-20 MCT for BEP-20 MCT tokens and vice versa.
🛑 myfarm Marketplace
The current Ethereum chain’s ERC-20 deposit and withdrawal system in myfarm Marketplace will be upgraded to a multi-chain deposit and withdrawal system. The upgrade will allow users to deposit and withdraw MCT to their desired chain (ERC-20 or BEP-20).
Additionally, Layer 2 Multichain Transfer Protocol (L2-MCTP) will be developed and launched with the release of English language support on the myfarm Marketplace app. This makes it possible for all users (global) to use L2-MCTP with MCT token quickly and easily within the myfarm Marketplace.
The Layer 2 Multichain Transfer Protocol (L2-MCTP) within the ⏩myfarm Marketplace simplifies the usability of cross-chain bridges, enabling transfers of MCT tokens to different chains easily and quickly without difficulty even for those who are not familiar with the blockchain.
🛑 PancakeSwap (DEX) Listing
MCT tokens will be listed on the Pancake Swap (DEX) exchange, allowing all global users to trade MCT easily without any KYC.
PancakeSwap is the most popular decentralized exchange for the Binance Smart Chain with more than 2.8 million users.
The benefits of pancake swaps are as follows.
▶ The gas cost is very low
▶ Available to all global users
▶ Users can add liquidity and receive trading fees and LP tokens
Multichain functionality will be supported within Microtuber’s Seedbox platform. Users can choose to stake MCT in ERC-20 or BEP-20 and receive MCT rewards in their desired chain.