Mutuum Finance Raises $9.25 Million in Presale, 5% in 48 Hours

Mutuum Finance (MUTM) is making significant strides in the decentralized finance (DeFi) sector by introducing a novel lending platform that aims to address existing challenges through innovative solutions. The project has garnered substantial interest, raising over $9.25 million during its ongoing presale, with over 11,100 participants securing their presale tokens. The presale is currently in its fifth phase, with each token priced at $0.03. Notably, more than 5% of the phase 5 presale tokens have been raised within just 48 hours of the current phase's launch. Investors are guaranteed a 100% return on their investment, as the token is expected to list at $0.06. However, this return will decrease to around 71% in the subsequent phase.

The recent audit of Mutuum Finance's protocol has significantly boosted the demand for its presale tokens. This audit is a crucial milestone that enhances trust and verifiability in the DeFi world. The audit focused on the Mutuum Finance lending protocol, which introduces innovative features such as dual-mode lending capabilities. The first mode, P2C, involves lenders depositing funds in a pool secured by an audited smart contract, receiving yields based on the pool's utilization rate. The second mode, P2P, allows lenders and borrowers to engage directly via audited smart contracts to set loan terms, including the lending period and rate. This mode is particularly designed to grant access to meme coin assets and other crypto assets with historically low liquidity.

Despite initial skepticism due to the novelty of its dual-mode protocol, Mutuum Finance has successfully passed an in-depth audit, with the report publicly accessible. This demonstrates the protocol's practical and safe design. To further build trust, Mutuum Finance plans to launch a beta version of the platform on the token listing day. This beta version will serve as a technology demonstrator, showcasing the platform's capabilities and accelerating its adoption. Analysts predict that the beta launch could boost prices from the listing price of $0.06 to a range of $2 to $5.

Mutuum Finance is committed to rewarding its presale participants for their pioneering role in the ecosystem. The project has launched a $100,000 giveaway, with participants eligible by purchasing $50 worth of MUTM tokens during the presale. Ten lucky winners will each receive $10,000 in MUTM. Additionally, a leaderboard on the presale dashboard rewards participants with bonus MUTM tokens for ranking among the top 50. With a substantial war chest from the token presale, Mutuum Finance is expected to seek listings on leading crypto exchanges worldwide. Presenting the audit report, a requirement for most global exchanges, could push the price of MUTM tokens above the 100x returns mark, potentially making current holders instant millionaires, similar to other successful crypto projects.