Mad Meerkat Going Cross-Chain With Polygon

Cronos and Now Polygon

Mad Meerkat Finance (MM) introduced plans to go cross-chain with its growth to Polygon, which might deliver ‘extra publicity’ to the MM ecosystem. 

“We’re excited to be embarking on one of many main milestones in our roadmap. Since day 1, we now have all the time needed to scale the MM ecosystem past only one chain. Our objective is to change into the #1 dex and ecosystem on Polygon,” Utan Boss, co-founder of Mad Meerkat, informed Web3Wire.

In a Medium submit revealed Aug. 1, the workforce cited a lot of causes for shifting to Polygon: 

• Extraordinarily low gas-fees
• EVM-compatible
• Established market (OpenSea)
• Important potential with the scale of the group, maturity of group, and funding
• Excessive Complete Worth Locked on the protocol
• Lack of dominant Decentralized Alternate (DEX) ecosystem.

“The workforce has put aside 5% of the complete Polygon MM token provide to be distributed to our Cronos token holders, who’ve caught with us by our ups and downs. With out our group, we can’t be the place we’re immediately, and we solely have thanks for them,” the co-founder shared with Web3Wire.

Additional, to kick off this new enterprise, the MM workforce is bringing 12,000 Mad Kat Non-Fungible Tokens (NFTs) to their new chain Polygon. Nevertheless, the workforce will airdrop 10,000 of the NFTs to current holders. 

Based on the workforce, the artwork remains to be in progress and might be prepared within the subsequent few weeks. Be taught extra concerning the upcoming MM NFTs on Polygon right here. 

For MM followers who don’t need to make the transfer to Polygon, don’t fear. Based on the workforce’s Medium submit, “There may be nonetheless a lot left to construct in Cronos, and we might be working arduous to make sure success of all chains.”

The submit outlines upcoming plans for Cronos in addition to “chain-agnostic” developments, no matter whether or not NFT holders occur to favor Cronos, Polygon or Ethereum.

What Is Mad Meerkat Finance?

MM Finance has one of many largest ecosystems in Cronos, providing a decentralized alternate, a yield optimizer, the Mad Meerkat NFTs, a challenge launchpad, and extra. The platform is an automatic market maker, and the alternate lies on the heart of the ecosystem. MM Finance allows customers to earn passive revenue by staking crypto belongings in liquidity swimming pools.