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What is MUSE coin and how does it work?

by Financial Economy

Muse Coin is the native token of the NFT20 protocol developed for NFT trading. In the NFT20 community, which offers NFT pools to help build the next generation of NFT applications, Muse Coin is the governance token. Information about some topics that what is MUSE coin, how does it work, how to buy it, on which exchange, how much is it, etc. is in continuation of the article. You can browse here for information about Yooshi coin.

What is MUSE coin and how does it work?

Muse Coin was developed to allow users to get a share of NFT20 protocol fees and to participate in management votes. Muse Coin, which can be purchased from cryptocurrency exchanges or earned through farming, fulfills the function of meeting the liquidity needs of the community.

Muse Coin is the governance token of the NFT20 protocol, which offers access to finance against NFT. Within the scope of the project supported by NFT liquidity pools, Muse Coin is used for purposes such as meeting the liquidity needs of the community and sharing the protocol revenues with the users.

Muse features!

In the project, which offers the option to create a liquidity pool for everyone who owns NFT, NFT owners can trade in DEXs by purchasing ERC20 tokens for their NFTs without permission. In addition to participating in NFT liquidity pools, users can also benefit from the 5% profit distributed from the fees of the protocol. The project has features such as offering passive income and financing against NFT.

Muse token advantages and disadvantages!

Muse Coin advantages are listed below:

  • It is the governance token of the project developed to meet the financing needs of NFT developers and owners.
  • Muse Coin users can earn passive income by taking a share of the revenues of the protocol.

Muse Coin disadvantages are as follows:

  • The volatility experienced in prices may cause the risk side to predominate in the risk-return balance to be established for investment decisions.

Which exchange is MUSE coin on?

Muse coin is listed on some cryptocurrency exchanges such as Gate.io, Coinbase Exchange, CoinEx, Hotbit, Uniswap (V2), etc.

How to buy MUSE coins?

Muse coin can be purchased from listed some cryptocurrency exchanges, like mentioned above. However, before trading, it is necessary to make sure that the exchange and the crypto project are “RELIABLE”. It is so important point for investors.

Muse coin supply!

Total supply of MUSE coin is 508.554 MUSE.

MUSE coin price!

As of July 17, 2022, at the time of the writing, 1 Muse coin price is around $10,61 (because of the volatility on crypto market the price can change instantly).

Caution: The information contained in this content is for general informational purposes only. It is not investment advice.

For information about cryptocurrency: https://en.wikipedia.org/wiki/Cryptocurrency

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