Mutuum Finance presale nearly sold out… price per token $0.035

Decentralized lending protocol Mutuum Finance's sixth token presale allocation has been nearly 100% sold. Mutuum Finance plans to launch a testnet within the year.

On the 28th, according to industry sources, Mutuum Finance's native token MUTM's Phase 6 token presale allocation was approaching 100% sold as of that day. The total supply of MUTM is 4,000,000,000, of which 1,820,000,000, about 45.5%, were allocated to the presale. In the Phase 6 presale, MUTM was sold at $0.035 per token.

Mutuum Finance has so far raised $18.9 million (about KRW 28 billion) through the presale. Cumulative token sales are about 790,000,000, and the number of investors is about 18,200.

MUTM's presale began earlier this year in Phase 1 at $0.01 per token. The current Phase 6 presale price per token is $0.035, a 250% increase from Phase 1 ($0.01). According to Mutuum Finance, MUTM's expected launch price is $0.06.

MUTM's presale applies fixed prices by phase. When token demand increases, the next phase presale automatically proceeds. This explains why the initial allocation is being sold faster than market expectations.

Mutuum Finance has also implemented systems to boost community participation. For example, it awards roughly $500 worth of MUTM to the top daily community contributor. Mutuum Finance also supports a card payment service with no purchase limit.

On the blockchain security side, it received a score of 90 out of 100 in CertiK's Token Scan audit. A Mutuum Finance representative explained, "We are also running a $50,000 bug bounty program to discover potential code risks."

Mutuum Finance will launch the V1 protocol on the Sepolia testnet in Q4. The protocol will support features such as real-time liquidity pools, yield-generating mtTokens, debt-tracking tokens, and liquidation bots. On the Sepolia testnet, Ethereum (ETH) and Tether (USDT) will be used as supported assets.

Mutuum Finance said, "We will announce the specific testnet launch period separately once Halborn Security's audit is complete." Halborn Security is a global Web3 security firm currently auditing Mutuum Finance's core contracts.

Mutuum Finance's future roadmap also includes the introduction of a dollar-based stablecoin. According to the roadmap, Mutuum Finance will pursue Layer 2 scaling to improve transaction speed and cost efficiency. It also said that through Chainlink price feeds and fallback oracle systems it can maintain accurate liquidation criteria even amid market volatility.

Mutuum Finance expects the Phase 6 token presale to close soon. The firm said, "With the testnet launch scheduled for Q4, participation from new and existing investors is increasing," adding that "the presale's progress and development-related updates are major investor concerns."

Industry sources say Mutuum Finance could emerge as a major DeFi project next year. Another industry source said, "Real-world utility, growing demand, audit history, stablecoin introduction plans, and a clear roadmap are Mutuum Finance's strengths," and added, "The final phase presale allocation could sell faster than before."