Dear MUXE Community members/Investors/Project partners and other relations of the MUXE Project.
As many of you may already know we have recently decided to increase the amount of tokens that are in circulation. There have always been a total of 10.000.000.000 (10 Billion) MUXE Tokens. Not to long ago MUXE BV still controlled 70% to 80% of the tokens. All though due to important changes we had to make to move the project forward and to ensure our partnership with IDEX would continue to move forward we decided to put a lot of tokens into the market at the existing values or buy offers on the exchanges. The purpose of this from our side was that we believe it is time that MUXE is now at a place that the community, investors and potential partners should decide the value and volume of the token spread. MUXE Still holds about 35% to 40% of the remaining tokens and a part of those tokens are allocated to some of our partners that want to purchase a chunk of the tokens that have never been distributed before. We are looking to do this in bigger batches.
With that we have also started the burning process for the MUXE tokens and have now burned the first 100.000.000 MUXE Tokens (1% of original total cap). With every partner that we will now make a deal with for a bigger chunk of the MUXE tokens we will burn an additional 50, 100 or 150 million tokens depending on the size of the order.
Moving forward the MUXE Team will focuss on a better spread of the existing distribution and will prioritize multisend transactions to active wallet holders, token hunters and potential community members.
The strategy that we are using to improve the future market of the MUXE Tokens is by spreading the mass amount of tokens that has so far always put MUXE in a monopoly position to thousands and thousands of holders around the world. Currently 30.000 + Wallet Holders have MUXE tokens and another 30.000 to 40.000 + users on off chain applications like CcS Tip and Trade, LoMoStar, Guildchat, Parjar, Emoji Tip Bot and Bchat/Biyong users.
In the future we are aiming to distribute the MUXE Tokens among millions of users and decrease the Total cap of the MUXE Tokens to an lower amount between 500.000.000 (500 Million) and 1.000.000.000 (1 Billion) tokens in existence.
MUXE has many plans and targeted goals moving forward and expanding the business model of CcS Tip and Trade is among the highest priorities of MUXE BV. We hope to grow together moving forward into a new beginning of the future of MUXE.
Jaimy de Vries