BCH and XRP Token Listing Proposals Passed

BCH and XRP proposals from Multiplier Governance have passed and will be whitelisted on MCL within 2 weeks!

BCH

34.4k stbMXX voted “FOR”

13.14k stbMXX voted “AGAINST”

bMXX token holders voted in favor of adding BCH token as a collateral type on the Multi-Chain Lend platform, with 34.4k “For” votes.

XRP

34.37k stbMXX voted “FOR”

12.93k stbMXX voted “AGAINST”

bMXX token holders voted in favor of adding XRP token as a collateral type on the Multi-Chain Lend platform, with 34.37k “For” votes.

What’s next?

1. Once a governance proposal is passed successfully, the proposed token will be whitelisted for depositing (but not available for lending and borrowing). Collateral can be withdrawn at any time. ✔
2. If the proposed token reaches $200,000 in collateral deposited within 1 month, the pool will be officially opened for lending and borrowing. If the minimum collateral deposit is not met, the suggested token may be delisted.
3. Proposer and Initial seeders will be rewarded after 2 weeks from the date the token is opened for lending and borrowing (a snapshot will be taken of all initial seeders). The initial seed must remain as collateral during these 2 weeks, failing which the apportioned rewards will not be distributed.

Listing Incentives

1. $2,000 bMXX for proposer.
2. $10,000 bMXX shared between initial seeders (seeding up to $200,000) of the suggested token.