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What Is MasterMint (MM)?

MasterMint, also known as MM, is a decentralized digital currency designed for millionaires by millionaires. This unique cryptocurrency offers unlimited upside potential with limited downside risk, making it an intriguing social experiment. With a fixed supply of one million tokens, MasterMint is pegged to USDC, ensuring its minimum value of 1 USDC. However, unlike typical stablecoins, MasterMint has the potential to increase in value without any upper limits.

MasterMint has an ambitious roadmap that includes launching on various major blockchains, collaborating with other projects, and partnering with digital artists for non-fungible tokens (NFTs). Additionally, the project plans to list on more exchanges and engage celebrity influencers to promote the token. If MasterMint achieves a market cap of $1 billion, it will celebrate with a "jacuzzi bar super party."

Who Are the Founders of MasterMint?

MasterMint was founded by TechLead, a well-known YouTuber and software developer named Patrick Shyu. TechLead, formerly a software engineer at Google and Facebook, launched MasterMint after his YouTube channel gained popularity. Though TechLead claims to be a multimillionaire, his exact net worth remains unknown. He generates income through AdSense, Tech Interview Pro, YouTube backstage, and affiliate and sponsor commissions.

What Makes MasterMint Unique?

MasterMint stands out as a cryptocurrency that defies categorization. While TechLead sees it as a social experiment and opportunity, critics have raised concerns about its legitimacy. The initial surge in MasterMint's price was largely driven by TechLead's large following and media coverage in crypto news outlets and Twitter discussions.

One intriguing aspect of MasterMint is TechLead's claim that he initially backed the supply with his own $1 million and ensures its peg to USDC with his personal funds. However, other influencers have accused him of misleading buyers and draining liquidity from the pools. Ultimately, investors should conduct their own research and exercise caution when investing in a potentially risky cryptocurrency like MasterMint.

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How Many MasterMint (MM) Coins Are There in Circulation?

The total supply of MasterMint (MM) coins is one million. It is a deflationary cryptocurrency, meaning there will never be more than one million MM coins in circulation.

How Is the MasterMint Network Secured?

Initially launched as an ERC-20 token on the Ethereum blockchain, MasterMint is now also available as a BEP-20 token on the Binance Smart Chain (BSC). The token has undergone a smart contract audit by Certik, a reputable auditor for various tokens.

The Ethereum blockchain, known for its robust developer network, secures MasterMint through a proof-of-work consensus mechanism. Miners mine new Ether to secure the network and validate transactions. On the other hand, the Binance Smart Chain utilizes a proof-of-stake consensus mechanism, where validator nodes stake BNB coins to validate transactions and maintain network security.

When Will MasterMint Trading Begin?

MasterMint began trading on July 13, 2021, and quickly reached an all-time high of over $200. However, its price has since experienced a steady downtrend and currently trades around $40, one month after its launch.

Where Can You Buy MasterMint (MM)?

MasterMint (MM) is available for trading on Pancakeswap and Uniswap V3.

If you want to learn more about buying cryptocurrencies, you can read more here in our guide.