Biweekly report of MAP Protocol-May 10th

MAP Protocol is an open, fully decentralized, chain-to-chain interoperation protocol that enables the interoperability of multiple blockchains. Such interoperability could be achieved among different blockchain system or among several Layer-2 subchains. MAP Protocol expects to construct a future inter-chain-net, which is interoperable and chain-to-chain based. The ecosystem built on MAP Protocol can provide a solid infrastructure for DeFi, DEX, AI, IoT, traceability, and governance filed by cross-chain communication, privacy computation, shared storage, etc.

Biweekly report of MAP Protocol-May10th

Technical progress:

1. Build the basic framework of atlas;

2. Realize the basic module of MMR verification and path generation;

3. Add native MMR storage interface;

Market progress:

1 Announcing the repurchase and destruction plan and has repurchased and destroyed 4009999 MAP

On May 3, 2021, MAP Protocol started token buyback and burn plan in order to increase MAP token value. The foundation will buy back 15 million MAPs in the secondary market at the current price. At present, some of them have been bought back and will be destroyed sequentially one after another.

2 a new 5-month deposit product will be launched

In order to thank users for their continued support of milione, the foundation will increase rewards for existing milione products and increase the annual rate. And a new 5-month deposit product will be launched.

Let’s rock!