Mushe (XMU) Starts Pre-Sale Phase as WAVES, STEPN In Uncertainty

This selloff was triggered by Neutrino USD (USDN), Waves’ ecosystem stablecoin, losing its peg to the US dollar, which led many investors to lose confidence in the project and dump its native token.

Following this massive drop, WAVES is now trading around $13.70 and regained some strength over the past day with investors buying in again, leading WAVES to increase by around 10% in the last 24 hours.

Indeed, Waves still boasts over $1.5 billion in total value locked (TVL), making it a major project in the field. In addition, Waves just announced the launch of its 2.0 version, which features significant network upgrades.

Notably, Waves 2.0 will resort to Practical Proof-of-Stake Sharding (PPoSS), a particular consensus mechanism that is Ethereum Virtual Machine (EVM) compatible. Concretely, this means that the Waves and Ethereum networks will be able to interact and communicate with one another.

This improvement will notably allow investors and developers to easily navigate and transfer decentralised applications (dApps) between both networks.

id=”h31″>STEPN (GMT)

STEPN developed a “Web3 lifestyle app” that rewards users for doing physical exercise, notably running. Rewards consist in STEPN’s token, GMT, which can then easily be exchanged for other cryptocurrencies on major exchanges like Binance or FTX; and even against fiat currencies, explaining the platform’s explosive popularity.

To start earning GMT, users must beforehand mint an NFT that looks like a pair of sneakers. Then, these sneakers can be used to walk and run around, and generate returns for something everyone can easily do every day.

Only catch is that these sneakers-NFTs remain quite expensive, currently priced around $1,000 each, purposefully limiting the potential audience but making it look all the more exclusive and attractive to the eyes of the crypto community.

Essentially, Mushe aims to disrupt the financial landscape by developing an integrated blockchain-based ecosystem enabling seamless fiat and crypto transactions. Mushe therefore aims to follow the footsteps of established crypto-giants like Ripple (XRP) or Stellar (XLM).

In order to accomplish this objective, the Mushe ecosystem will feature a range of products, including Mushe Wallet, Mushe Swap, and the MusheVerse.

Mushe Wallet will essentially consist of an application that will enable users to purchase, sell, and receive fiat and crypto assets seamlessly. Mushe Swap will be a decentralised exchange (DEX) within the Mushe ecosystem that will enable users to swap cryptocurrencies quickly and cheaply.

Lastly, MusheVerse will be the culmination of the Mushe project, consisting in an all-in-one digital platform gathering e-commerce and banking solutions for users. There, users will be able to perform instant fiat and crypto transactions, as well as access specific financial services such as personal financing, investment management, and more.

Learn more about Mushe:

Website: https://www.mushe.world/

Presale: https://portal.mushe.world/sign-in