As Airdrop Claims End – With 10% Unclaimed, And Extremely Bullish Options For It – MWC Trades At Highest Percentage Of “MimbleWimbleTrinity” Yet

Andy

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January 4, 2020

Nearly a year to the day the MWC project commenced, its airdrop distribution to Bitcoin holders is complete – ahead of schedule, without a hitch. Roughly 1% of the entire BTC float registered – and the 90% that claimed it have one of the potentially most valuable coins in all of crypto…that will continue compounding for years, via the “MWC HODL” rewards program.

Of the 6.0 million MWC earmarked for airdrop, distributed at 40.41/BTC registered, just 5.4 million were actually claimed. In other words, 600,000, or 10% of the airdrop, went unclaimed. This is not surprising, as coins get unclaimed for a variety of reasons; but the fact is, 600,000 is a significant percentage of the 20.0 million lifetime cap - and a VERY significant percentage of what will be the non-HODL program float.

As stated last month, we are considering multiple options for the unclaimed coins – with a decision to be finalized this quarter (per the current MWC roadmap), ahead of commencement of the HODL program in the second quarter. However, one option that is now OFF the table, is adding it to the PR/Dev fund.

Thus, the remaining options are burning the 600,000 MWC, adding it to the HODL program, or holding another airdrop. Each of these options would be extremely bullish for current and future holders – that will either make MWC scarcer or more tightly held. Moreover, MWC’s engineers will shortly release a method of verifying that the 600,000 unclaimed MWC, plus the 2.0 million HODL program coins, are being held in escrow accounts.

https://www.mwc.mw/mimble-wimble-coin-articles/claims-process-and-initial-thoughts-on-the-hodl-program

During the airdrop claim period, which commenced December 2nd and ended last night, just 1.1 million MWC traded on HotBit, or 20% of the 5.4 million airdropped. This is an extremely small percentage, particularly in light of extremely weak crypto market conditions – that have both Bitcoin at a six-month low, and fellow “MimbleWimbleTrinity” coins Grin and Beam near all-time lows.

In other words, most MWC will likely be held in the HODL program (that likely, will last around three years) - making an already scarce coin extremely tightly held. Moreover, now that it’s likely 600,000 coins will be burnt or put in the hands of current holders, it only improves the economics further, of the coin with BY FAR the best economics of the three MimbleWimbleTrinity assets.

Furthermore, now that the airdrop claim period is over, a major supply overhang – likely, the largest MWC will EVER have – has been lifted. This is a major positive fundamental development – which is probably why not only is the price rising, with the sell side significantly thinning out; but as I write, MWC is trading at its highest market cap percentage of the MimbleWimbleTrinity yet; i.e., 13%, compared to 9%-11% during the airdrop period. Moreover, at .000144 BTC/MWC, it is now closing in on the .00016 price it traded at when the airdrop claim period commenced.

As discussed yesterday, MWC is in a prime position to take significant market share from Grin and Beam. Its financial traits are simply too superior to be ignored, which is why it won’t be long before MAJOR crypto investors recognize, and capitalize on, this anomaly.

https://www.mwc.mw/mimble-wimble-coin-articles/mwc-poised-to-take-significant-mimblewimble-market-share-exposing-grins-fatal-flaw

The MWC airdrop registration ended July 19th; MainNet launched November 11th; and airdrop claims ended January 2nd, with 5.4 of the 6.0 million coins earmarked for the airdrop claimed. Details of the “MWC HODL” rewards program will be announced in 1Q2020, for implementation in 2Q20. Currently, MWC trades at HotBit.io. For more information, please check out the MWC website, Discord room, Twitter feed, and Telegram Forum.

https://www.mwc.mw/

https://discordapp.com/invite/eUNwqf3

https://twitter.com/M_W_Coin

https://www.mwc.mw/mimblewimble-coin-whitepaper

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