Transferring ahead, we’ll first clarify what Mud Protocol is all about. That is the place you’ll get to tie all of it collectively. Then lastly, you get to know how Mud Labs, DeLabs, DeDAO, DeGods, y00ts, and the DUST token all match collectively.
Then, we’ll look extra intently on the $DUST cryptocurrency. We’ll clarify what it’s, have a look at its utility, and discover its tokenomics. And, since most of you have an interest in earning profits with altcoins, we’ll additionally dive into the Mud Protocol value. So, we’ll analyze the DUST token’s value chart and even speculate on the place the asset’s value might go subsequent.
Utilizing the data obtained on this article, you possibly can resolve whether or not or not the challenge deserves your consideration additional and probably be invested in. In that case, you’ll discover ways to use Moralis Cash to analysis the Mud crypto additional. Primarily, this final on-chain evaluation instrument will assist you resolve whether or not you can purchase $DUST and when.
Nonetheless, we’ll additionally guarantee you recognize the place you should purchase DUST with out breaking a sweat or the financial institution!
Exploring Mud Protocol – What’s the Mud Crypto Venture?
Mud Protocol is a decentralized multi-chain protocol. This quick, easy, and fairly obscure definition is all one can discover after visiting the Mud crypto challenge’s web site outlined within the above picture.
Sometimes, official tasks’ web sites include numerous particulars in regards to the challenge they cater to. Nonetheless, on this case, one must dig deeper to acquire a clearer image. Luckily, we did the digging, so you possibly can merely sit again, loosen up and dive into the next sections.
What’s DeDAO Basis?
Since “DeDAO Basis” is without doubt one of the clues on the challenge’s homepage, let’s begin there. So, what’s DeDAO?
As you might know, DAOs are decentralized autonomous organizations. DeDAO is a selected occasion of that sort of group established by Mud Labs to serve the DeGods ecosystem. So, the challenge’s decision-making processes fall into the palms of this DAO. The latter additionally directs the funds by its treasury.
It’s additionally value mentioning that DeDAO consists of three completely different teams:
- The challenge founders kind DAO Leads
- Market consultants kind the Alpha Staff
- Different contributing members voted in by DeDAO kind the Divine Council.
To realize entry to DeDAO, one wants to carry a DeadGod NFT.
We are able to’t discuss Mud Protocol or the DUST token with out explaining what DeGods is. In any case, that is the challenge that put Mud Labs on the map.
So, DeGods is an NFT assortment that was created by Mud Labs again in October 2021 on the Solana blockchain. As you possibly can see within the screenshot above, these are PFP NFTs – a complete of 10,000 non-fungible tokens.
This NFT challenge went by fairly a journey up to now bull market. As soon as the bear market began, the NFTs on Solana dropped in worth laborious, and that led to many merchants accusing the challenge of a rug pull. Nonetheless, the group managed to persevere by powerful occasions. In reality, the DeGods NFTs turned a synonym for exclusivity and at the moment are thought-about one of many high NFT tasks.
Notice: There’s additionally the DeadGods NFT assortment. You may think about that one as a extra uncommon and, in flip, extra beneficial DeGods assortment. However the latter is form of essential for the DUSK token because it gave $DUSK further utility again in March 2022:
Within the spring of 2023, the NFT assortment and the whole DeGods ecosystem transitioned to the Ethereum chain.
Meet Mud Labs and DeLabs
Mud Labs, Inc. is the corporate behind the DeGods NFT assortment, the Mud crypto protocol, DeLabs, and the y00ts NFT assortment. The corporate can also be known as a Web3 inventive studio, and it’s advertising and marketing itself by “constructing instruments and communities for collections, manufacturers, and companions.”
When visiting the corporate’s web site, the staff affords merchandise used with their tasks (DeGods and y00ts) and invitations tasks and different corporations to accomplice with them.
Furthermore, in response to Frank’s (@FrankDeGods) Twitter exercise again in 2022, it appeared like he was main the staff. Nonetheless, since that account hasn’t posted a single tweet in nearly a yr, it is laborious to say how that particular person at the moment associates with Mud Labs.
Nonetheless, by Mud Labs’ LinkedIn profile, evidently the corporate’s founder and CEO is Kevin Henrikson:
Whereas Mud Labs is an organization, DeLabs acts extra as a community-based extension. The latter additionally serves as a form of portal the place customers can share their ideas.
The y00ts NFT assortment is one other profitable challenge by Mud Labs. It consists of 15,000 distinctive PFP NFTs. Nonetheless, this challenge just isn’t fully separate from DeGods. In any case, those that transformed DeGods into DeadGods gained entry to y00ts.
Identical to DeGods, this NFT challenge was additionally dropped at life on Solana. Nonetheless, within the 2023 transition, y00ts migrated to Polygon.
The above information is greater than sufficient for us to dive deeper into Mud Protocol and its DUST token; nevertheless, be happy to discover the “DeGods” group additional utilizing the above-outlined web sites. And, when you’d wish to guess what’s subsequent for this crypto challenge, you should utilize its distinctive “roadmap.” The latter comes within the type of a picture and allegedly affords hidden clues:
What’s the DUST ($DUST) Token?
It’s not fallacious to think about the DUST token as Mud Labs’ native forex. Moreover, it’s a fungible cryptocurrency that hyperlinks the whole DeGods ecosystem collectively. For extra on this, see the token’s use circumstances under.
$DUST was initially born on the Solana blockchain as an SPL token. Nonetheless, because the DeGods and y00ts NFTs transitioned to Ethereum and Polygon, so did DUST.
DUST Coin Tokenomics
There was no pre-mine occasion for DUST. As an alternative, the token adopted a good launch. So, when the token went reside on the Solana community in 2022, it had an preliminary/beginning provide of 0 $DUST. Nonetheless, the Mud crypto token’s most provide was programmatically set at 33,300,000 DUST.
So, the way in which to get DUST was by staking DeGods NFTs. And the tokens have been absolutely distributed on February 22, 2023, through staking rewards. Alongside the way in which, the DUST token skilled three halving occasions (occasions the place staking rewards have been minimize in half). So, the utmost provide was reached earlier than the migration to Ethereum and Polygon happened.
Because the transition to those two chains, the tokenomics of DUST aren’t fully clear. In any case, we will see that the token continues to commerce palms on the Solana community. That mentioned, the quantity for the DUST/WETH buying and selling pair on Uniswap is within the lead.
Furthermore, by Etherscan and PolygonScan, we will see the present whole provide of DUST on Ethereum and Polygon:
The way in which to switch DUST tokens from Solana to Ethereum or Polygon is by utilizing the Portal token bridge (previously often called “Wormhole”). Or, merely go to “degods.com” and hit the “Migration” choice.
These are the essential contract addresses for Mud Protocol and its token:
- Ethereum $DUST contract: 0xB5b1b659dA79A2507C27AaD509f15B4874EDc0Cc
- Polygon $DUST contract: 0x4987A49C253c38B3259092E9AAC10ec0C7EF7542
- Solana $DUST contract: DUSTawucrTsGU8hcqRdHDCbuYhCPADMLM2VcCb8VnFnQ
- Wormhole bridge tackle: GugU1tP7doLeTw9hQP51xRJyS8Da1fWxuiy2rVrnMD2m
DUST Token Use Instances
As talked about beforehand, DUST is a utility token for Mud Protocol. So, its objective is to facilitate community-led governance. It goals to attain that by permitting $DUST holders to submit proposals and votes relating to the Mud DAO and its treasury.
Customers may use $DUST to purchase merchandise and to covert a DeGod NFT right into a DeadGod NFT:
Because the whole DUST provide was already distributed in 2022, it’s not clear whether or not or not one can nonetheless stake DeGods or DeadGods to earn rewards is $DUST.
DUST Token Worth Evaluation and Prediction
Relating to analyzing the Mud Protocol value, it’s essential to think about the asset’s value information earlier than and after the migration. Nice locations the place we will entry such value charts are CoinMarketCap and CoinGecko:
Whereas there are slight deviations between the information from these two sources, the 2 charts paint, more-or-less, the identical image. As such, we will see that the Mud Protocol value reached its peak again in April 2022. At that time, the token reached practically $6, which was greater than 5 occasions increased than the costs at which $DUST traded initially.
Nonetheless, given the bearish market circumstances, the Mud Protocol value pulled again following the aforementioned peak. In Could 2022, the value discovered native assist at about $1, from the place it managed to spike up into the $3.5-ish area twice. Nonetheless, as Bitcoin and the whole market have been hitting the cycle’s lowest factors, DUST value additionally dipped means under the $1 stage. In November 2022, the Mud Protocol value reached as little as $0.20-ish.
The DUST token didn’t keep that low for lengthy however was unable to cross the $0.5 barrier till January 2023. That’s when the whole crypto market once more confirmed some indicators of power that pushed the Mud Protocol value above $1 after which over $2. On its path, the token shaped clear assist on the $1.4-ish stage and a noticeable resistance round $2.5-ish-$2.6-ish.
On the time of writing, the value of the Mud crypto asset sits at $2.25.
Different mention-worthy ranges are $2.8-ish, $3.3-ish, $3.7-ish, $4.0-ish, $5.0-ish, and the coin’s ATH stage. And, if the market continues to point out power, these are the probably predictions for the Mud Protocol value.
Ought to You Purchase $DUST?
Utilizing the above-obtained data, it’s best to already be capable of decide whether or not or not the Mud crypto protocol deserves your additional consideration. And, since we aren’t monetary advisors, we go away it as much as you to reply the above query. Nonetheless, we’re offering you with a strong instrument that can assist you decide if you can purchase $DUST.
To that finish, be certain that to analysis this NFT-focused challenge additional with Moralis Cash’s Mud Protocol ($DUST) token web page. On this web page, you will see numerous hyperlinks in addition to highly effective instruments that can assist you provide you with a assured reply to the above query.
Moreover, Moralis Cash’s web page devoted to DUST additionally affords so-called alpha metrics. These are real-time, on-chain parameters associated to the token’s on-chain exercise. And since on-chain exercise precedes value motion, you should utilize these insights to find out if now’s the correct time to purchase the asset. Primarily, these on-chain insights will let you get your timing proper!
So, use the above hyperlink or the interactive widget under and unravel this dilemma.
The place to Purchase the DUST Token?
There are a number of locations the place you should purchase $DUST. Nonetheless, in the mean time, Uniswap affords the biggest liquidity. However to make use of that fashionable DEX, you don’t want to go to this DEX app and threat touchdown on the fallacious buying and selling pair.
As an alternative, you should utilize the Moralis Cash immediate crypto swap characteristic. The latter awaits you on the above-presented web page and makes Moralis Cash additionally among the best Ethereum swap websites on the market.
Altcoin Alternatives Past the DUST Token
Whether or not you find yourself shopping for $DUST or not, it’s essential to know that there are numerous different altcoin alternatives. Ggiven the whole Mud Protocol value motion, many alts provide quite a bit increased potential. In any case, the typical altcoin tends to extend in worth by 50-70x in the course of the bull market. Plus, there are various alts that pump laborious even exterior the bull run.
As an illustration, simply have a look at the MTE coin, $BITROCK, Proof of Pepe, MOG, and HAMS. These are simply a number of the newest EVM-compatible tokens that Moralis Cash customers (particularly these on the Starter and Professional plans) have profited from.
In case you want to be part of these merchants within the know, be certain that to discover ways to use Moralis Cash’s core characteristic – Token Explorer – to search out tokens earlier than they pump. Use our final information on discover up-and-coming crypto and take your buying and selling sport to the following stage right this moment!
In reality, why don’t you employ the interactive widget under and run your first technique proper now?
What’s Mud Protocol? Full DUST Token Worth Evaluation – Abstract
We lined fairly a distance in right this moment’s article; nevertheless, the next factors cowl the gist of it:
- Mud Protocol is a crypto challenge created by Mud Labs that powers the DUST token.
- $DUST is a vital a part of the DeGods NFT ecosystem.
- Your complete ecosystem transitioned from Solana to Ethereum and Polygon earlier in 2023.
- The Mud Protocol value has seen its ATH in April 2022 close to $6 however is at the moment sitting round $2.25.
- It is best to use Moralis Cash’s token web page for the DUST token to analysis this crypto additional and resolve if and when to purchase it.
- Moralis Cash’s principal superpower lies in Token Explorer – the final word instrument for locating the perfect altcoin alternatives at any given time.