What Is 10mb (10MB)?
Welcome to 10mb Finance, the algorithmic stablecoin protocol pegged to 1/10 USDC on the Cronos Network! The 10SHARE token is the governance token of both the Tomb fork and Iron Finance parts. 10mb is the peg token! This system is the first of its kind! They have made specific decisions about Token omics, Monetary Policy, Transaction Tax, and Presale allocations to maximize the system’s sustainability.
10mb Coin hope that the dual functionality of the 10SHARE token shores up the weaknesses of both component systems. In many cases, the bonding mechanism of Tomb forks has not worked well enough to restore the peg. The Iron Finance minting and redemption system should strengthen the Tomb system’s ability to regain peg.
The main fundamental weakness of the Iron Finance system was that its governance token had no intrinsic value. Therefore, its price could easily drop to zero when combined with price oracle issues during redemption. However, because the 10SHARE pool emits redeemable 10mb, it will have an intrinsic source of value and should not drop to zero, as did Titan.
| Coin Basic | Information |
|---|---|
| Coin Name | 10mb |
| Short Name | 10MB |
| Max Supply | N/A |
| Total Supply | 5,300,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
10MB Price Live Data
The live 10mb price today is $0.044820 USD with a 24-hour trading volume of $448,668 USD. They update 10MB to USD price in real-time. This is down 54.85% in the last 24 hours. The current CoinMarketCap ranking is #3151, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.
If you would like to know where to buy at the current rate, the top cryptocurrency exchange for trading in 10mb stock is currently MM Finance. You can find others listed on crypto exchanges page.
DAO Treasury
The 10mb DAO Treasury is separate from the USDC treasury used for redemption. The DAO Treasury will realize income from various sources:
- Pool deposit fees
- Minting and redemption fees
- Transaction tax from selling 10mb
- Reinvestment income
Tokenomics
10SHARE Tokenomics:
- Farming pool emission rate: 0.0011 10SHARE/second (95/day, 34.6k/year) initially, can be changed
- Vesting Duration = 10 years
- Dev Fund Pool Allocation = 5000/year
- DAO Fund Pool Allocation = 5000/year
- Equity Fund Pool Allocation = 5000/year
10mb Emission Shares:
- Insurance Fund = 5%
- Dev Fund = 10%
- DAO Fund = 20%
- Equity Fund = 10%
- Farming = 55%
NFT Staking
10mb Finance is, to our knowledge, the first Tomb fork and also the first Iron Finance fork to enable yield boosting via NFT staking!
Boost amount: 3%/NFT for up to 5 NFTs per pool
All NFTs must be staked in the pool before the wallet deposits! NFTs cannot be staked or unstaked while the wallet has coins staked in the pool!
Monetary Policy
Deposit fee: 1.420% for all genesis pools, 0.420% for native LP pools (can be changed)
Start time: July 1, 8pm GMT
Genesis pool emission duration: 24 epochs (8 days)
Transaction Tax
Note: The transaction tax for this is currently disabled! There are no fees for transferring presently. has a transaction tax on selling that depends on the recent TWAP (time-weighted average price). The folowing are the selling tax tiers for when the tax is enabled.
Receipt Tokens
They have added the ability to grant receipt tokens to depositors in 10mb Finance pools. Therefore, when you deposit in the USDC LP or 10SHARE/USDC LP pools, you will receive a receipt token that you may be able to stake in other pools for additional benefits. This would confer double benefits: you will not lose staking rewards for staking your receipt tokens in other pools. However, do not lose the receipt tokens, as they are necessary to unstake!
