Mute (MUTE)

Trading and Conversion

Mute can be obtained by converting crypto airdrops and rewards through platforms like Bitget Convert, Bitget Swap, or spot trading. It is also tradable on decentralized exchanges such as Uniswap V2.

Decentralized Finance (DeFi) Platform

Mute is a zero-knowledge rollup (zkRollup) based decentralized exchange (DEX) and yield farming platform built on Ethereum and zkSync. It allows users to trade cryptocurrencies, earn yields, and participate in initial DEX offerings (IDOs).

Privacy Features

Mute uses advanced cryptographic techniques like stealth addresses and ring signatures to provide privacy and confidentiality in transactions, making it suitable for users who value privacy.

Governance and Community

Mute operates as a community-driven platform with governance decisions made through consensus. The MUTE token unlocks access to the Mute DAO, which uses a soul-bound token system for voting.

Utility and Incentives

The MUTE token is used for staking to earn rewards, providing liquidity to trading pools, participating in governance, and powering ecosystem growth through DAO funding and buyback initiatives.

Additional Features

Mute offers encrypted messaging, secure payment systems, group chats, file sharing, and multi-signature wallets, enhancing user privacy and security within its ecosystem.

Privacy and Security

Mute emphasizes privacy and anonymity by using advanced cryptographic techniques. It operates on a decentralized blockchain network, which ensures secure and immutable transactions. This makes it a good choice for users who want to keep their financial activities private.

Community Governance

Mute is fully community-operated, with decisions made through consensus among participants. This democratic approach promotes transparency and allows users to actively contribute to the platform's development and growth.

Technology and Features

Mute is a zkRollup DeFi platform built on Ethereum and zkSync, offering features like automated market making (AMM), yield farming, and bonds. It uses zero-knowledge rollups to scale the Ethereum network by processing transactions off the main blockchain, which can lead to faster and cheaper transactions.

Market Performance and Liquidity

Mute has shown some price growth recently and outperformed some other cryptocurrencies. However, it has a relatively small market and trading volume, which means large holders ("whales") can influence its price significantly. The token has undergone rebranding and token swaps, which may affect its market dynamics.

Wallet and Storage Options

Mute can be stored in various wallets, including MetaMask and hardware cold wallets. Choosing the right wallet depends on personal preferences regarding security, convenience, and features.

Token Supply and Staking

Mute has a fixed maximum supply of 40 million tokens. It offers a lock-based staking system where holders can lock their tokens for a period to receive a special token (dMUTE), which can be redeemed later.

Accessibility

Mute can be bought on decentralized exchanges like Uniswap V2, with a minimum deposit usually required. It is designed to make DeFi trading more accessible to users.

Summary

Pros: Strong privacy focus, community-driven governance, advanced scaling technology, multiple DeFi features, and staking options.
Cons: Small market size with potential price volatility, influence by large holders, and ongoing token rebranding which may require attention.

No specific information about the founders of Mute is available in the provided data.

Investors in Mute

There is no specific information available about individual or institutional investors in Mute. The token is community-driven and decentralized, with trading mainly happening on decentralized exchanges like Uniswap V2. The platform is supported by its user base and the broader crypto community rather than named investors.

Halal Status of Mute

• General Principle: Investing in crypto is considered halal if the underlying project complies with Islamic law (Shariah), avoiding interest (riba), gambling (maysir), and excessive uncertainty (gharar).
• Project Compliance: Mute must be evaluated based on its structure, use, and compliance with these principles.
• Available Information: There is no specific mention of Mute in the provided halal crypto lists or Shariah screenings.
• Conclusion: No direct data is available to confirm Mute as halal. Therefore, based on the information, a definitive yes or no cannot be given. It requires individual research and Shariah compliance verification.

Short answer: No clear halal status is available for Mute due to lack of specific screening information.