MWC Claims Update – As Smooth, And Bullish, As Possible

Andy

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December 11, 2019

Today is December 11th, the day the MWC airdrop claim process was initially scheduled to begin. However, given a smooth testing period, it was launched nine days early, on December 2nd. In which, six million MWC, or 30% of the lifetime supply of 20 million, will be distributed to the 148,474 Bitcoin that registered for it this summer (approximately 1% of the entire BTC float), at the ratio of 40.41 per registered BTC.

Just nine days in, more than five of the six million have already been claimed; and given the likelihood a material portion will not be claimed – because people forget, or neglect to, particularly during bear market conditions like these – it is likely the vast majority of what will be claimed already has. Like airdrop registration, the claim process has gone seamlessly - with essentially no complaints, and no one missing out, or losing, the MWC they registered for.

Thus far, trading has been tellingly bullish – with an estimated one million MWC trading, roughly 70% on HotBit and 30% OTC (go to MWC Discord, “markets” room, for inquiries re: OTC). Thus, just 20% or so of claimed MWC has been sold – an extremely bullish development, given the aforementioned bear market conditions.

Likely, in my view, the reasons for such light selling are 1) most BTC holders recognize the coin’s potential – as a “technology play” or, at the least, the “perfect hedge” against the worst-cased scenario of a contentious privacy debate; and 2) the “MWC HODL” program, to be announced in January and implemented in 2Q20, heavily incentivizes passive holding.

MWC’s price has fluctuated – due to large buyers and sellers, and extremely volatile crypto markets – but right now, at about .00008 BTC, or $0.60/MWC, it represents a market cap of just $5-$6 million - compared to $26 million and $32 million, respectively, for fellow “MimbleWimbleTrinity” coins Beam and Grin…both of which, have FAR inferior investment characteristics – like Beam’s 263 million supply cap, and Grin’s UNLIMITED cap.

On January 2nd, the claim process will end – and if selling remains this light, it will portend well for 2020, when the HODL program kicks in. This, as a massively bullish BTC halving approaches – that likely, will reignite the crypto space, starting with the most exciting sector of all, MimbleWimble.

The MWC airdrop registration ended July 19th; MainNet launched November 11th; and airdrop claims commenced December 2nd, ending January 2nd…at which point, details of the “MWC HODL” rewards program will be announced. A total of 148,474 Bitcoin registered – roughly 1% of the entire BTC float - yielding an MWC/BTC ratio of roughly 40.41…and currently, it 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