Introducing Zeni Finance and an Exclusive Airdrop to the Mith Cash Community
The team who attempted to continue development of the Mith Cash Protocol is today proud to announce their new project; Zeni Finance. Zeni Finance is a non-custodial decentralised finance (DeFi) platform, powered by the ZENI token. Development is currently underway, and we plan to launch early in Q1 of 2022 on the Fantom Opera Chain.
To briefly recap past events, the original team behind the Mith Cash Protocol essentially abandoned development, leading to a free-fall in the price of protocol associated tokens. A team of community members attempted to takeover development of the project; however, the original team ignored all requests to handover operational rights to the protocol associated smart contracts and other protocol associated accounts. We were successful in securing the remaining community development funds which are now held in a multi-signature wallet, however. It is these funds that have been utilised to pay for the development of the Zeni Finance Protocol.
It has been our intention from the outset to bring back value to the Mith Cash token holders who have been stuck holding illiquid assets. Today, we are happy to share that all Mith Cash token holders with MIC2, MIB and MIS3 will qualify for an airdrop of ZENI tokens. 50,000,000 ZENI tokens, 5% of the total supply, will be available to be claimed by the Mith Cash community.
A snapshot of token holdings will be taken approximately 2 weeks from today’s date (Friday the 7th of January, 2021 @ 12:00AM GMT +00:00) at Ethereum block #13955497 — a countdown to this block can be viewed here.
To participate, all tokens are required to be in an ERC-20 wallet. Any tokens staked, in liquidity positions, on exchanges or similar will NOT be captured by the snapshot so please unstake/withdraw any tokens prior to the snapshot on Jan 7.
The team has a lot to share with you in the coming weeks including a breakdown of how the airdropped tokens will be allocated, our brand-new whitepaper, our socials and more, so stay tuned.
Finally, we would like to apologise for the delay in making this announcement — we wanted to be sure we had something of value to develop and we feel that now is a good time to start to share what we’ve been working on.
Twitter: https://twitter.com/zenifinance
