How HUGE Is The MWC HODL Program? Read This!

Andy

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January 6, 2020

MWC’s airdrop could not have been more successful. Only a small fraction of the 5.4 million airdropped was sold – a STRONG indication that, as we’ve seen with Bitcoin Rhodium, 90%+ is headed for the MWC HODL program.

Moreover, just five days after the airdrop’s conclusion, the price not only exceeds its pre-airdrop level, but is trading at an all-time high percentage (15%) of the cumulative “MimbleWimbleTrinity” (MWC, Grin, and Beam) market cap. This, after Beam and Grin ALSO surged yesterday – as a group, outperforming the entire crypto sector.

As discussed in the roadmap published last month, final details of the MWC HODL program will be released this quarter, with program launch scheduled in the second quarter.

https://www.mwc.mw/mimble-wimble-coin-articles/first-details-of-mwcs-pioneering-hodl-program-a-dramatically-bullish-trait-of-the-best-mimblewimble-coin

We initially suggested a length of roughly three years – which likely, will be at or close to the final result; and subsequently, noted that we are considering three options for the 599,000 unclaimed MWC – burning, adding to the HODL program, or re-airdropping. All are under consideration, to be decided upon when we announce the HODL program details.

To give you an idea how powerful the program is, here’s the math behind it. Remember, this is a hypothetical example, as final details have yet to be finalized.

Currently, there are roughly 8.2 million MWC outstanding. Let's say the program is three years long. Just guessing, there will be about 12 million MWC outstanding at the end of the program - when, I might add, the first halving approaches. So, an average of about 10 million MWC outstanding over the three years the HODL program is in place, using round numbers.

So, if the 2.0 million MWC earmarked for the HODL program (10% lifetime supply, assuming the 599,000 unclaimed MWC are not burned) are divided by three, we have about 667,000 per year handed out. Dividing 667,000 by an average of 10 million coins outstanding per year, we get an average annual yield of 6.7% FOR THREE YEARS - with the highest yield (8.3%) in year one, and the lowest (5.5%) in year three.

That is, if 100% of MWC is held in the program, which won't occur. The less in the program, the higher the yield! And the best part of the program is, you can re-invest MWC HODL rewards, and compound these numbers.

Lastly, if the 599,000 unclaimed MWC is added to the program, the average annual yield rises from 6.7% to 8.7% - including a whopping 10.8% in year one!

So, acquiring MWC today, you are getting MWC at a discount to two coins with vastly inferior financial traits AT A DISCOUNT – that is actually MUCH larger, when you consider the enormous amount of MWC you can “acquire” by simply HODLing your stash!

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

Join us on MimbleWimbleCoin Telegram, too!