What Is MultiVerse Capital (MVC)?

MultiVerse Capital is one of the first multi-chain farming deflationary tokens, according to its official document. A Binance-native BEP-20 token governed by the community with some interesting token distribution, including 10 percent of the purchase price, being distributed proportionally to all token holders, out of which 5 percent is put into the repurchase (buyback) wallet fund. This fund is intended to be used to connect multiple chains in order to farm the most profitable farm. The other 5 percent goes to the marketing wallet to cover large marketing, development, and server expenses.

The official document mentions that buybacks are a standard mechanism for price support in Decentralized Finance (DeFi). On the other hand, most projects will "Buy Back and Burn," which will do nothing to help the LP's position (Liquidity Pool). Burning is when a fraction of tokens are sent to a wallet with no private key. This means the tokens are lost forever. Tokens are usually burnt to reduce availability and increase the market value.

MultiVerse Capital claims to have enhanced the buyback process while simultaneously increasing liquidity, resulting in a price increase that is both higher and more consistent over time. MVC is the ecosystem's native digital token. Every transaction in MVC has a genuine 1.18 percent burn rate. The black hole collects 7.2 percent of the total tax on every transaction since it is treated as a normal holder. The top three wallets, development wallet, marketing wallet, and future investors wallet, are not eligible for incentives and do not earn token reflection. The token's pre-sale occurred on November 30, 2021.