We are liaising with Tony Cassto is from Mu Continent Team. Tony has 20+ years of traditional marketing experience. Now he joins the Crypto industry and plans to establish himself. Tony sets out to connect technology, market, and community.
BitCourier: Tell us about the creation of MuTeam, how did it happen?
Tony: We have seen the explosive growth of various lending and wealth management platforms in the field of decentralized finance (DeFi), and there have been well-known projects such as Safmoon, Pig, FEG, and so on. These projects rely on decentralized infrastructure to design very good economic models:
(1) Excellent decentralized ecosystem. The development of the DeFi project relies on decentralized infrastructure. The current availability of platforms such as Ethereum, Binance Smart Chain, and Matic provides sufficient support for the DeFi project.
(2) The deflationary macroeconomic model. The inflation model will continue to dilute wealth, while the deflation model will continue to increase wealth. The code-guaranteed deflation model provides theoretical support for deflationary DeFi projects.
(3) The wealth-making effect of successful people. People like Musk greatly enhanced the visibility of the project and quickly established a strong community consensus.
However, these projects did not solve the core problem that financial products have no value support. We can intuitively observe the serious problems caused by the lack of value support through the price trend charts of Safmoon, Pig, and FEG (similar to other projects). Once the project has no new investors, the value of the project will not rise. If community members lose confidence in the project and sell tokens, the price will continue to fall, the bubble will burst, and the project will collapse completely. In order to solve the above-mentioned core problem, the Mu project designed an economic model pegged to Bitcoin. This design is like a currency pegged to the US dollar, making it stable while using the DeFi mechanism to form sustainability.
BitCourier: Who do you target?
The Mu project is suitable for all kinds of people. I think that when they understand the mechanism of the Mu project, they will treat Mu as a project with steady growth. Of course, people who don't know much about Crypto may be more suitable for the Mu project, because Mu's logic is very clear, we believe that a good project should be quickly understood and recognized by people.
Compared with Safmoon, Pig, FEG, etc. which directly burn all transaction taxes and only focus on token deflation without considering the sustainability of the project, 1/3 (33.333%) of each MU transaction tax is sent to the Mu vaults pool. The funds will be used to purchase BTC riggers to mine additional BTC, that is, use part of the transaction taxes directly destroyed by Safmoon, Pig, FEG, and other projects to continuously get BTC. This design enables the Mu project to use the value of BTC to obtain additional revenue. 50% of this revenue will be redistributed to MU holders, 40% of the revenue will be used for MU “buy-back & burn”, and 10% of the revenue will be used for the development of the Mu project. Here we want to emphasize that after investors invest in Safmoon, Pig, and FEG, they only get the tokens of these projects, and the design of Mu’s economic model makes a reasonable plan for the part of the transaction taxes that should be destroyed.
BitCourier: Did the DeFi movement change the industry in your opinion?
It has been 10 years since the concept of Bitcoin was proposed in 2008. In the context of the global epidemic and inflation, the value of BTC has been recognized by the world, while Ethereum has further improved the ecosystem in the development of decentralized finance, NFT, and meta-universe applications. Blockchain technology and the concept of decentralization have been recognized all over the world. At the same time, because the transparency and immutability of blockchain technology essentially protect people’s wealth, the US dollar economic system is experiencing the impact of the decentralized economic system. People believe more in the security of wealth brought about by the certainty of technology than in the lies of politicians. The endless printing of money by the US government is diluting people’s wealth. This behavior has been shaken by blockchain technology today.
BitCourier: What is your opinion on the current state of the STO market? What are the most promising asset categories to be tokenized?
Tony: I think that STO is an outdated concept. It also runs counter to the concept of decentralization. If all information is available on the chain, why is it necessary for the government to supervise it? This is like replacing gasoline cars with electric cars, which takes time. For now, I think real estate / Game industries can be tokenized.
BitCourier: Did COVID19 affect your business? How did you adapt?
I think the various problems brought about by COVID19 have helped the development of Crypto. Inflation has indeed made many people invest in cryptocurrencies, and it has also made more people begin to understand the concept of decentralization.
BitCourier: How much investment do you think we need to pour into marketing and PR to become a well-known and “hot” project today in 2021?
We do have a budget for market work and a lot. But, based on my many years of market experience and understanding of the Mu project, spending money on the market is a wrong choice, and spending money on products is the right choice. Of course, I am not saying that we will not spend money on market work, we have spent a lot of money, but I think the effect is not good. You can learn about our market work through our Medium, we have completed the promotion of many platforms in the crypto industry, and paid for some Twitter Crypto influencers to do the publicity for us. Mainstream platforms, such as Coinmarketcap and Coingekco, do not need to spend money. They evaluate the project itself.
I always think that the community is more important. People will like Mu after they understand Mu's mechanism. This is like love. True love is never measured by money.
BitCourier: Can you tell us about an accomplishment you are most proud of?
We are very proud of the following:
1. At the beginning of the project, it was difficult to win the trust of the community. In this environment, we gradually developed, and BTC Mining Vault accumulated a certain amount of funds to complete the purchase and deployment of BTC Rigger.
2. We have received strong support from Coinmarket and Coingecko. When the project was small, our trading volume was not high. These two mainstream platforms always pay attention to us, and they launched us when we reached a certain trading volume, which made me I am very proud, which shows that the project is hard enough.
3. We have successfully established an African community, which is more difficult than Southeast Asia and North America. You can see that we continue to encourage African communities to work for the community. I want to help people in underdeveloped countries to keep up with the dividends of the Crypto industry. It is a very meaningful thing. Of course, our communities in North America and Southeast Asia are also developing very well, which can be clearly seen from the number of visits to the backend of our website.
BitCourier: What are the next steps for the Mu project?
The Mu project is about to enter an exciting moment. As stated in our Roadmap, we will develop in DeFi profitability, BTC mining, MuSwap, NFT, and games.
Due to the MEME mechanism of the Mu project, TX tax will be charged for every transaction, which will limit the development of subsequent decentralized applications, because no one is willing to pay TX tax to use our Dapp.
Therefore, we are about to release MUS, MUS and MU will be exchanged 1:1. There is no TX tax for the exchange of MUS and MU, and MUS will be used in our Dapp without any TX tax.
We can consider MU as Ethereum, and MUS is layer 2 of Ethereum.
For the community, they can choose to exchange MU into MUS to further share the benefits of our Dapp, or they can stay unchanged. There is no loss to them (mainly TX TAX). The mechanism of the Mu project will make the price of MU continue to increase, which is why we are a sustainable DeFi project.
BitCourier: I wonder if you have UK-based projects in your portfolio? Do you plan to get any?
We are already in the era of globalization, but it is undeniable that each region has its own culture. The United Kingdom is a respected country, and we certainly hope to make DeFi products that the British people like. The R&D team of the Mu project has rich experience. If the UK community grows, I think we would be happy to follow their advice and make UK DeFi products.
BitCourier: What kind of partnerships are you looking for (integrations, media partnerships, contractors, etc.)? Do you have any specific plans for the UK market?
Currently, hundreds of projects appear in Crypto every day. We hope that influential people in the crypto industry can try to understand the Mu project and help us let more people understand the Mu project. In theory, we have been listed on all major platforms of Crypto. As prices continue to rise, more and more people will pay attention to us.
For the UK market, we hope to find some promoters through your platform. Our referral reward mechanism provides financial returns for all promoters. For details, please refer to our Medium article "Recommendation Reward for Mu-Continent Advocates"