Taking shortcuts or Columbus heading east? ----------Why did MAPO adjust its positioning to a one-stop service for full chain exchange of BTC, stablecoins, and on chain equity The death of native token issuance and the outbreak of encrypted assets are approaching Many people say that the encryption industry is doomed. But no one doubts that BTC and stablecoins, which are almost at the trillion dollar level, and on chain stocks are the future. The US Treasury Secretary said that stablecoins will reach a market size of tens of trillions of dollars, which is almost equivalent to the issuance of US dollars. On the other hand, the global stock market with a scale of tens of trillions of dollars has begun tokenization, and Bitcoin will also surpass $20 trillion after reaching $1 million. When we talk about the end of the cryptocurrency market, we often omit an adjective, which is that native token issuance is dead, while the cryptocurrency industry is about to explode, and it is an unprecedented posture. The original intention of the birth of blockchain was to decentralize finance, and stablecoins and stock tokenization are also blockchain assets, although native token issuance has died. However, from this perspective, blockchain is about to truly explode. In the next few years, assets worth tens of trillions of dollars will circulate in the cryptocurrency industry, marking the beginning of the industry's explosion. Will it be the same as before? For stable currency issuers and stock token asset dealers, many will build layer1, such as Alipay. And Ethereum, SOL, and Tron will also have many assets, as their advantages are very obvious. This is a significant difference from the previous industry of issuing native encrypted assets only on Ethereum or SOL. The cross chain race was a chicken rib race before, will it still be in the future? For a long time before, although there were hundreds of LAYER1, there was only one chain with real popularity in each cycle, so the opportunity for cross chain racing was very awkward. Moreover, encrypted native assets are almost always a wave, and once they pass, they return to zero. So the demand for cross chain exchange is a pseudo demand. But things are different next, the stocks and stablecoins on each chain are both long-term value assets. The cross chain industry is truly about to explode. Of course, this outbreak is aimed at the entire track, not just benefiting MAPO. So, what are the unique advantages of MAPO? That's Bitcoin. MAPO has complete Bitcoin cross chain technology, which will provide on chain stablecoin exchange support for Bitcoin veterans with a scale of tens of trillions of dollars to cash out in the future. MAPO will win with BTC in the future In just over a decade, Bitcoin has risen from $100 in 2013 to $100000 now, and is expected to reach $1 million within the next five years. That is to say, in five years, holders of coins in 2013 can earn a tenfold increase in returns. It is said that Bitcoin is only hoarded and not sold, but from the data on the chain, many Bitcoin holders have already started selling their assets to enjoy life. After all, in terms of cost-benefit, it is really not low. And in the future, this trend will become increasingly apparent. The Bitcoin giant whale has its own problem, which is the issue of asset confidentiality. In fact, the giant whale also does not want to expose its assets, after all, the 30000 bitcoins it purchased for $3 million may be worth billions of dollars in the future, which is astronomical in the traditional world. KYC on the near exchange will become a big problem, so on the chain, convert your Bitcoin into stablecoins or tokenized stocks, and then convert tokenized stocks into fiat currency. This market is very large. And this is what makes MAPO unique among many cross chain projects, as it has been cultivating Bitcoin exchange on the chain for several years. What did MAPO do for this grand feast? MAPO's strength lies in technology, which has also been a hindrance to the development of our community for a long time. In the past few years, blindly pursuing absolute decentralization has led to us being arrogant and neglecting operations and ecology, resulting in slow development. And all of this has completely changed by 2024. Now I would like to report to you as follows. 1、 Refactoring BTC cross chain by combining TSS with light customers, allowing BTC to freely circulate assets such as stablecoins and on chain stocks. We have incorporated TSS technology to address the decentralization issue in BTC cross chain exchange that cannot be fully resolved by lightweight clients. This technology took us eight months in the past and has now entered the testing phase. Although ZK technology is very good, there are issues of high cost and difficulty for partners to understand. Therefore, we have decided to temporarily remove the use of ZK technology in the future. 2、 20 blockchain and L2 cross chain underlying connections have been achieved. In the future, both boring stock tokens and stablecoins can be covered on that chain. 3、 Actively assisting the development of ecological projects, MAPO has achieved a monthly exchange volume of 100 million US dollars across the entire network and chain. With the full support of the MAPO Foundation, Buternetwork has achieved full chain asset exchange cooperation with major wallets such as TP, OKX web3 wallet, imtoken, decent, etc. These data are all real because OKX wallet, imtoken, TP are globally renowned wallet entrances. As far as I know, Buternetwork's monthly revenue has exceeded 300000 US dollars. 4、 Implemented functions such as adding low slippage points and single coin liquidity between Bitcoin, stablecoins, and stock tokens. The current exchange market on the Bitcoin chain is competing for two factors, one is the user entrance and the other is the efficiency of LP fund utilization. The high efficiency of LP fund utilization means a higher annualization of LP. The more user entrances, the more people are using this service. In this industry, cooperation is not difficult, but you must be strong. Therefore, the entrance is not a problem, let alone Butterswap has already connected to numerous entrances. The efficiency of LP fund utilization is the internal factor. The better it is done, the more LPs will add liquidity, the higher the annualized returns, and the better the user experience. The MAPO technology upgrade has achieved the LP fund utilization rate and functionality of Uniswap V3, while currently, almost all exchange service providers on the Bitcoin chain are at the V1 level. What will MAPO and Ecology do in the next 6-12 months? 1、 Open up the addition of cross chain asset liquidity. MAPO will collaborate with HIVEswap to support HIVEswap and promote the addition of open cross chain exchange liquidity. These assets include BTC, various stablecoins, and various stock tokens. And provide huge financial support for Hiveswap. 2、 Promote community governance, shifting from foundation governance and fund management to joint governance and contract management between developers and communities. It consists of two parts. Firstly, all major decisions going forward will be entirely decided by voting, which will fully safeguard the interests of the community. Secondly, all community vaults will promote on chain contract custody, and if the voting results agreed upon by the community meet the standards, the contracts will automatically release tokens. Otherwise, no action can be taken. Heavy: What can the community get? 1、 Bitcoin annualized returns between 10% and 30%. The exchange price in the Bitcoin market is 0.3% per transaction, and the annualized returns of Bitcoin liquidity LP providers from friendly merchants range from 15% to 30%. For assets like Bitcoin, there is still at least 10 times the potential for appreciation in the future, and it can earn an annualized profit of 15% -30%. It would be very sad not to participate in such a good thing. 2、 A certain percentage of the cross chain profits will be automatically repurchased for MAPO tokens on the chain, and we will strive to buy short all over! If MAPO's Bitcoin exchange rate reaches $100 million per day within 18 months, then the community's daily revenue would be $300 million. Assuming a 20% ratio of publicly transparent automatic repurchase of MAPO tokens on the chain within $300000, the annual repurchase can reach the equivalent of $20 million worth of MAPO tokens, which is almost the total value of MAPO's existing circulating stocks. And these tokens will be placed in on chain contracts, and only when all votes are approved can they be fundamentally voted and used on the chain, such as for major investments or to respond to major emergencies. The project party has no right to use or keep them. In the next 3-6 months, we will gradually open up internal and public testing of various technologies, announce ecological cooperation, and upgrade measures such as operation and governance. Please keep the community paying attention. Future MAPO: Full chain exchange of BTC with stablecoins and on chain equity. We thank Satoshi Nakamoto for this great era. As an old OG of Bitcoin, I fully understand the mentality of Bitcoin holders. As a developer, I deeply understand the seriousness of cross chain exchange technology. As an industry veteran team, we regret our past mediocrity and low market value, but we also fully recognize that the exchange demand between Bitcoin, stablecoins, and stock tokens will explode. We have made all the necessary preparations. The word 'crisis' means that some people see the danger, while MAPO sees the opportunity, the chance.