The development of Musa’s ERC20 smart contract is underway, with the creation of Musa Bridge being handled by a skilled team boasting a successful and audited history. The decentralized exchange (DEX) will be incorporated into the project’s explorer, and the AI scanner is improving, with testnet deployment scheduled shortly. Additionally, the liquidity lock will soon be launched on the testnet.
Musa is progressing steadily, and it’s worth noting that Chainlink will be hosting a hackathon. This goes to show you how important a hackathon is to reputable projects. Participating in the hackathon could serve as a significant catalyst for Musa, reaffirming its credibility within the DeFi space and demonstrating its commitment to innovation.
•Regarding Pomeranian token ($POM), what will happen to it as MusaChain prepares to unveil its mainnet?
As MusaChain prepares to unveil its mainnet, the Pomeranian token ($POM) is slated to be phased out, making way for the launch of the MUSA ERC20 and the subsequent public mainnet release. Before the introduction of the MUSA ERC20 token, owners of Pomeranian tokens will qualify for a 1:1 airdrop.
$POM (Pomerianian ERC20) will sunset 05/11/2023
Website:Pomeranian.dev will redirect to Musachain.com
Medium: Rebrand to Musa / MusaChain / Musa Blockchain
Twitter: Rebrand to Musa / MusaChain / Musa Blockchain
Telegram: Rebrand to Musa / MusaChain / Musa Blockchain
•How will owners of Pomeranian tokens qualify for a 1:1 airdrop before the introduction of the MUSA ERC20 token?
Before the $POM LP unlocking on May 11, 2023, a snapshot of the holders will be taken, and the community will be notified through public social media notifications.
•Regarding the launch of Better Call Raúl token, how will POM / MUSA holders qualify for the $BCR token airdrop?
Pomeranian token holders will receive an airdrop of Better Call Raúl tokens at a ratio of 1:40 (for every 40 Pomeranian tokens held, 1 BCR token will be received). To qualify, a minimum of 0.25% of the total Pomeranian token supply (250,000 $POM) must be held. The airdrop will account for 1.7% of the total RAUL token supply, with a possible increase to 2%. The POM holder snapshot for BCR airdrop will occur concurrently with the MUSA ERC20 rebrand or earlier, and the BCR tokens received through the airdrop will be vested.
•What are wrapped MUSA (wMUSA) tokens, and what advantage do they offer to users?
Musa Blockchain provides users with wrapped MUSA (wMUSA) at a 1:1 ratio, and vice versa when transitioning from Ethereum to MusaChain. Wrapped MUSA tokens offer a significant advantage by promoting seamless interoperability between incompatible cryptocurrencies and blockchains, thereby facilitating the borrowing or lending on DeFi platforms. This not only enhances the liquidity of decentralized services but also amplifies the usability of crypto assets.
•How does the bridging of MUSA tokens prevent the value of the cryptocurrency from experiencing severe fluctuations?
The bridged $MUSA token becomes locked within the bridge mechanism. As a result, as supply changes on one chain, both the Ethereum side and MusaChain side will adapt to the change in circulation, preventing the value of the cryptocurrency from experiencing severe fluctuations and maintaining a strong value overall.
•Can users perform arbitrage strategies with the MUSA ERC20 token, and how risky is it?
Certain traders may attempt an arbitrage strategy by purchasing a cryptocurrency on one exchange and selling it quickly on another exchange for a higher price. While such techniques are common with other blockchain tokens, the ability to arbitrage will be short-lived and increasingly risky as the MusaChain stabilizes.
•What are the advantages of holding MUSA tokens on the Ethereum blockchain, and will they persist going forward?
The advantages of holding MUSA tokens on the Ethereum blockchain are manifold, and they will persist going forward. Among these benefits are the convenience of accessibility, the utility features of ERC20, and the related advantages conferred upon wMUSA.
•What happens to validator rewards after the original developer retires?
After the blockchain chain stabilizes, the original developer will retire their validators. Furthermore, any rewards generated by these validators will be returned to the community, specifically the DAO Treasury.
•How will true decentralization be achieved in MusaChain?
To achieve true decentralization, there must be a transfer of control and decision-making from a centralized entity such as an individual, organization, or group, to a distributed network. In the case of MusaChain, this transfer of authority to the community will be facilitated by a Decentralized Autonomous Organization (DAO) called MusaDAO.
•How does the smart contract launch, and verification service comply with platform security requirements?
The platform’s smart contract launch and verification service enables users to securely and efficiently deploy token contracts while adhering to platform security requirements. Moreover, all contracts will undergo verification by DAO-scv, powered by AI technology, to ensure a safe environment that is protected against malicious attacks
•How does MusaChain prevent malicious attacks on deployed smart contracts?
MusaChain incorporates advanced AI mechanisms that scan smart contracts to prevent any malicious blacklisting of users or addresses, guaranteeing the immutability, security, and fair use of deployed smart contracts.
•What is the mandatory liquidity lock and how long does it last?
To provide investors and developers ample time for project review and research prior to making a commitment, all contracts deployed on the chain will have a mandatory 7-day liquidity lock. This lock will prevent immediate liquidity removal and enhance user protection against potential losses. Moreover, extended lock periods will also be an option.
•How does MusaChain’s launchpad help users deploy their token contracts?
The platform’s cutting-edge smart contract launch service allows users to swiftly and securely deploy their token contracts, while complying with the platform’s security requirements. By leveraging this secure framework, users can confidently trust the launch process and proceed to deploy their smart contracts with peace of mind.
•What is the unique feature of the MusaChain launchpad?
MusaChain launchpad comes with a unique feature of zero fees.
The Musa team wants to express our heartfelt appreciation for your patience and unwavering support during the journey towards the launch of Musa Blockchain. Your dedication to this project has been instrumental in driving its development forward, and we are thrilled to announce that we are nearing the finish line.
As we approach the launch of MUSA, we ask that you stay committed and patient. We are making significant strides in the final stages of development, and we can’t wait to share the results with you soon.
Thank you for being a driving force behind MusaChain. Let’s continue working together to make Musa blockchain a huge success!
