spot_img
spot_img
HomeCOINSWhat Is Millionsy (MILLI)? Complete Guide Review About Millionsy.

What Is Millionsy (MILLI)? Complete Guide Review About Millionsy.

What Is Millionsy (MILLI)?

Millionsy Blockchain Technologies provide blockchain based transparent, secure, auditable data and makes it possible to save and transfer. This technology helps organizations to be more transparent, secure, efficient, and decentralized. Users can lock up collateral and issue Vesta’s stable coin VST to their own Ethereum address, and subsequently transfer those tokens to any other Ethereum address.

15 years experience running various businesses and has an extensive background in Operations and Sales. Degree in Multidisciplinary Studies (Sociology and History focus) and active in the crypto space since 2016. Master’s of Science in Applied Economics. 7 years of experience in International Business and the development of new strategies for passive income.

Millionsy Storage Key Points

Coin BasicInformation
Coin NameMillionsy
Short NameMILLI
Circulating SupplyN/A
Total Supply300,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Blockchain Technologies

According to a report of The World Bank, (2020), migrant workers transferred $650 Billion to their families and countries, and they paid a $25 billion remittance fee. The average cost of these transfers was 8.35%. Millionsy Blockchain Technologies allows migrant workers transfer assets to their countries instantly and with 0% commission.

Construction workers

Migrant construction workers transfer an average of $650 billion to their families and countries annually. They pay a remittance fee of approximately $25 billion for asset transfers annually. Millionsy Blockchain Technologies solves this problem instantly, quickly, and reliably with 0% commission. The biggest problem of migrant construction workers is transferring assets to their families and countries.

With your blockchain-based technology, they are solving the biggest problem of migrant workers, who have to migrate all over the world under difficult conditions due difficult living conditions in their countries. Millionsy came together to solve the problems that arise from the changing conditions of the Global Economy and the New World with blockchain technology.

Earn Risk Minimized Yield

If the liquidated debt is higher than the amount of Millionsy in the Stability Pool, the system tries to cancel as much debt as possible with the tokens in the Stability Pool, and then redistributes the remaining liquidated collateral and debt across all active vaults. Anyone may call the public function, which will check for under-collateralized vaults, and liquidate them.

Millionsy Provide liquidity on VST liquidity pools to earn your fair share of the protocol’s fees, through various reward programs. Participate in the future of the protocol by voting in community decisions with your VSTA. Alternatively they can call with a custom list of vault addresses to attempt to liquidate.

Liquidation gas costs

Millionsy is offset with an equal amount of debt from the vault. A fraction of the vault’s collateral (equal to the ratio of its offset debt to its entire debt) is shared between depositors. The remaining debt and collateral (minus ETH gas compensation) is redistributed to active vaults. Stability Pool depositors gain deposited collateral over time, as liquidated debt is cancelled with their deposit. Millionsy When they withdraw all or part of their deposited tokens, or top up their deposit, the system sends them their accumulated gains.

Millionsy Currently, mass liquidations performed via the above functions cost 60-65k gas per vault. Thus the system can liquidate up to a maximum of 95-105 vaults in a single transaction. The precise behavior of liquidations depends on the ICR of the vault being liquidated and global system conditions the total Millionsy of the system, the size of the Stability Pool, etc. Here is the liquidation logic for a single vault in Normal Mode and Recovery Mode represents the VST in the Stability Pool.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .