MIP #1

Should Multiplier migrate the majority of $bMXX liquidity to Biswap in order to participate in Biswap's $10M program?

List bMXX on Biswap by migrating majority of liquidity to Biswap and participate in $10M funding incentive

Voting Period: 5 Days

Background:

Biswap launched its Global Incentive Program for BSC projects with a fund of 10 million USD. This program serves for the purpose of effective collaboration and support for upcoming and/or existing projects on the Binance Smart Chain network. Further information regarding this program can be viewed at https://biswap.org/incentive_program.

Why Biswap?

Biswap ranks at #27 overall, and #8 on BSC according the DappRadar. Importantly, the eligibility requirements for the $10M program is to:

1. add more than 50% of the total liquidity available for bMXX on Biswap; and
2. submit an application

In the event that Multiplier is selected, Biswap will initiate collaboration plans with Multiplier within 72 hours. In the event that Multiplier is not selected, the community may choose to either leave liquidity on Biswap or remove it in favour of another DEX.

BENEFITS FOR MULTIPLIER

This is an attempt to enter a $10M funding program at no cost/risk to biswap. Therefore this proposal aims to garner support from the community to add amount of 25k worth of liquidity from treasury to Biswap for a bMXX/BNB trading pair. And transfer up to 50% of current liquidity from apeswap to biswap.

The council applied for eligibility to list $bMXX on betfury.io, a leading e-gaming platform on BSC and are currently in talks with the Betfury team to make this a reality. Betfury is a major partner of Biswap and on that view, Multiplier is likely have better odds of either successfully listing $bMXX on betfury's e-gaming platform - thereby increasing the utility of $bMXX, and/or be selected for the $10M funding and listing of $bMXX on Biswap.

Biswap is set to launch its NFT marketplace and NFT earn soon on November 6th, along with an attractive list of farms, launchpools, lotteries, trading competitions and referral rewards system. Listing bMXX on biswap (or being selected for the 10M funding) will no doubt provide a much needed boost to Multiplier and bMXX as a whole.

We hope to have the community's support for our attempt of this initiative.

BISWAP Key Facts

Max supply: 700 000 000

Total supply: 138 287 413

Circulating supply: 130 582 927

Total Burned: 7 704 486

Market Cap: $92 171 428