Proposal to Whitelist Smart MFG (MFG) with 50,000 BNT trading liquidity limit
For this proposal to pass, it requires a 35% quorum and 66.7% supermajority.
This proposal is expected to appear on Snapshot for voting on 2022-03-13T00:00:00Z. Make sure to stake your vBNT for voting before this date and time to participate in the DAO decision.
TL;DR
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Proposal to whitelist MFG.
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Trading Liquidity Limit of 50,000 BNT.
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There are no security concerns that could prohibit whitelist status.
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There is no reason to doubt the legitimacy of the Smart MFG project.
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The benefit to Bancor is clear. Providing MFG liquidity will attract token LPs from the Smart MFG and metaverse community to swap on Bancor, and increase protocol trade volume.
Token Address: 0x6710c63432a2de02954fc0f851db07146a6c0312
Project Website: Smart MFG
Liquidity
The Deepest MFG pools are:
The MFG/ETH 1% Uniswap v3 pool with $1.23m liquidity, and $46.25k daily volume [1].
The MFG/DAI 1% Uniswap v3 pool with $181.58k liquidity, and $0 daily volume [2].
The MFG/USDC 1% Uniswap v3 pool with $148.03k liquidity, and $0 daily volume [3].
The MFG/ETH KyberSwap pool with $501.868 liquidity, and $0 daily volume [4].
A trading liquidity limit of 50,000 BNT opens up space for at least $242k total liquidity in the pool, with BNT at $2.42. If the pool space is filled, a proposal to increase the trading liquidity limit can be proposed.
Token Security
MFG does not have an elastic supply, or rebase mechanism. The MFG token has a current total supply of 868,459,136 MFG. Contracts are standard EToken2 contracts. The contracts don’t have admin privileges that grant unrestricted burning of tokens.
The top 15 contract and addresses with the highest concentration of MFG are team token distribution wallets with 68.9702% of supply, a multisig wallet with an MFG stake on Uniswap v3, the Uniswap v3 MFG/ETH pool, the Uniswap Staker contract, and wallets with 2.3581%, 2.2667%, 0.9701%, 0.5886%, 0.5141%, and 0.4821% of supply.
Figure 1 - Top 15 contract and address with the highest concentration of MFG [5]
Project and tokenomics
Smart MFG has been using NFT technology in blockchain Supply Chains since 2018, for the world’s best aerospace and defense companies, manufacturing and sending 3D parts into space. Now expanding the use of NFTs to 3D communities for building an Open Metaverse and fueling the Create-To-Earn economy.
Smart MFG, already a leading blockchain supply chain DeFi company, is also the world’s first 3D NFT Marketplace focused on making 3D assets interoperable across all metaverses, and enabling creators, industrial designers, and all makers to own, market, sell and authenticate their digital assets (CreatorFi), and gamers to accelerate their play-to-earn opportunities (GameFi).
Figure 2 - SmartMFG’s roadmap.
Tokenomics
To enable true Web 3 decentralization, a unit of exchange is needed to power transactions as part of a growing network ecosystem. The MFG token is an ERC20, Ethereum-based, cryptographic token that connects different stakeholders in Smart MFG’s ecosystem.
What is MFG used for?
Figure 3 - MFG usecases.
- Supply Chain Digital Transformation Incentives and Rewards Programs
Incentivizes new business and optimize results across your supply chain
- Phigital NFT Marketplace
NFT Marketplace for interoperable 3D NFTs for building the Open Metaverse, targeted to creators, modelers, industrial designers, mechanical engineers, gamers, and collectors and more. Users can tokenize physical and virtual assets for ownership and sale.
- Supply Chain Tokenization
(NFT)
Tokenization of real-world hardware/assets on partner platforms like SyncFab for IP protection and anti-fraud
- Liquidity Provider (LP) Rewards
Incentivizes LPs for participating in our liquidity mining campaigns
- Supply Chain DeFi
(Forward Looking Use Case)
An exciting new development for Smart MFG whereby traditional supply chain finance methods such as trade, finance, factoring and discounting can be enhanced by blockchain to achieve greater efficiencies for supply chains.
- Smart Payments
Borderless payments for materials, goods, and services
Community and Communication
SmartMFG is active on Telegram, and Reddit. The Smart MFG team also operates official Instagram, Facebook, Twitter, Youtube, and Medium accounts. The SmartMFG Github doesn’t have any public repositories at the time of writing.
Available Audits
There are no available audits.
Market and Trading Data
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MFG’s price at the time of writing is $0.06652.
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All-time high: $0.4336 (16th Nov 2021).
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All-time low: $0.0001488 (16th Nov 2019).
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Price 90 days ago: $0.08607
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329,415,350.58 MFG in circulation, with a total supply of 868,459,136 MFG.
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The current market capitalization is $21,913,720.
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The MFG token is available on Uniswap v3, and KyberSwap.
[1] Uniswap Info
[2] Uniswap Info
[3] Uniswap Info