Mound (MND) Update as-of 14-Aug-2021

  • 1 million polyBunny tokens hasn’t been added to the Mound Vault yet?
  • APR of the QBT tokens in the Mound Vault?
  • The synergy of QBT & BUNNY?

Highlights this week

  • QBT Audit has been completed by Peckshield -> Link
  • The principal + rewards of polyBUNNY tokens (in polyBUNNY maxi pool) held by the Dev team already reached 1 million tokens -> Link
  • The Dev team propose the voting to mint the BUNNY tokens value 100,000 USD so we can expand the Bunny community to Mdex and Huobi Eco-Chain -> Link

Mound TVL & Status

Mound Stats as-of 2021–08–14 11:10 UTC from https://mndvault.mound.finance/

Insights

balanceOf polyBUNNY in Dev Wallet =1,007,534 tokens as-of August 14th, 2021 11:25 UTC
Mound Mini FAQ article : 3rd Item
Dev Wallet : polyBUNNY Principal
Mound Mini FAQ article : 1st Item
Mound Mini FAQ article : 5th Item
Qubit Peckshield audit is now complete
Security Regime for new platform before launch on mainnet
BSC Security Summit on Aug 19th, 2021 at 3pm UTC
Mound Mini FAQ article : 5th & 6th Items
  • BUNNY = 3,382,040 tokens @ 9.92 USD : 156.76% APR
  • polyBUNNY =1,007,523 tokens @ 5.33 USD : 211% APR
  • QBT = 100,000,000 tokens @ 0.4653 USD : 0% APR
  • 1.2445 BUNNY
  • 0.3707 polyBUNNY
  • 36.797 QBT
  • Claiming rewards could be distributed as x BUNNY tokens, y polyBUNNY tokens and z QBT tokens
  • polyBUNNY rewards can be claimed in the Polygon network (Switch wallet network in the Mound Vault Website). The polyBUNNY rewards will NOT be wrapped to BSC token.
  • Claiming Frequency could be in daily basis
  • We can expect a “claim” button in Mound Vault website to claim the rewards as we have had on the pBUNNY compensation pool
Mound Mini FAQ article : 1st Item
QBT Gitbook : Tokenomics : Inflation
QBT Gitbook : Tokenomics : Staking Rewards (QBT Staking Pool)
  • 2,717,604 tokens fixed supply (All of them have already been minted)
  • It will basically hold 3,000,000 BUNNY tokens / 1,000,000 polyBUNNY tokens / 100,000,000 QBT tokens in the vault
  • The MND token holders can claim their 1st rewards from the vault first time on 10th September (could be around 0.257 BUNNY and 0.066 polyBUNNY per MND token)
  • On 10th September 2021, “all” tokens in the Mound vault will being farmed to generate yield for MND token holders
  • After the 1st claim, the holders can claim their daily rewards (could be around 0.06–0.08 USD per MND token)
  • In the future (2+ months), the Mound team could add some new project’s token to the Mound Vault. That means more rewards for the MND token holder in the far future
  • In 2 years from now, they “could” have a vote to redeem the tokens from the vault (eg. BUNNY, polyBUNNY, etc.) and return them back to the MND token holder

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Tanate Sukonrattanamaetee

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A Software engineer who loves reading and sharing any interesting and useful things

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