Bitcoin Cash (BCH) Whitelisted for Initial Seed
1 min readApr 27, 2021
Bitcoin Cash (BCH) has officially been whitelisted as collateral on MCL!
Deposit BCH now and earn initial seed rewards of up to $10,000 bMXX!
What’s next?
- 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 Collateral can be withdrawn at any time. ✔
- 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.
- 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
- $2,000 bMXX for proposer.
- $10,000 bMXX shared between initial seeders (seeding up to $200,000) of the suggested token.