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"こんにちは、Mimosaと政します!"

Author: Chinese translation member of Mimosa team

21 million pieces are the fixed total amount of Bitcoin.

This will inevitably lead to a question: if Grayscale does not continue to buy Bitcoin, if people find a better target than Bitcoin, can the current purchasing power support such a high price?

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High turnover may be inhibiting value investing

In the past period of time, there were various types of encrypted assets on the market, but due to the high velocity of circulation (turnover rate), it was difficult for most digital currencies to maintain a long-term appreciation trend when the investment scale remained unchanged. The market is different, and blockchain companies often cannot really repurchase their tokens from the market, and at the same time lack fund fixed investment allocation to maintain long-term price stability.

Therefore, a group of Japanese economists in the Mimosa team hope to exploit the long-term predictable deflationary value of MIMO by exploring the safe-haven properties of encrypted assets.

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The origin of Mimosa

The name Mimosa comes from the word mimosa in the plant kingdom. In the real world, the leaves of Mimosa pudica respond to light and heat, and when touched by external force, they will immediately close and shrink continuously. And Mimosa is exactly the same as Mimosa because of its deflationary properties. We call its assets mimosa, code MIMO.

Different from other projects that emphasize on encouraging the flow of assets on the chain, Mimosa is not only used for daily transactions, it can be used as the main tool to deal with the inflation of real and encrypted assets, through existing mature smart contracts, and determined permanent deflation Models that allow assets to have predictable value.

According to the information, Mimosa's asset name is MIMO, with a total of 16 million pieces. Whether it is an official address or a node participant, Mimosa will require each address to destroy 5% of the chain transfer amount when transferring MIMO on the chain.

At the same time, Mimosa designed a minimum transaction unit parameter to prevent participants from avoiding deflation, that is, the minimum transaction unit is 0.05 MIMO. When a participant transfers 1 ~ 0.05 MIMO from the chain, it will be fixed and destroyed according to 0.05 MIMO.