MUSASH TOKEN PROJECT is a project that strives to innovate the modern-age financial landscape by leveraging blockchain-based products and decentralized solutions. It aspires Miyamoto Musashi, the famous Japanese warrior and legend known for his swordsmanship skills, bravery, literary intellect, and philosophy that involves total devotion to a set of moral principles that demanded loyalty, dedication, and honor until death.
1 EXECUTIVE SUMMARY
The leadership at MUSASHI Platform strives to implement the philosophy of Miyamoto Musashi, in the current financial landscape, which is controlled and manipulated by centralized financial authorities and institutions. It seeks to eliminate the role of centralized institutions and intermediaries, aiming to re-examine the economic conventions practiced by people up until now. Like the principles that Samurais and warriors fought for during the medieval decades, MUSASHI is fighting against the modern-world manipulative powers, the financial institutions, and intermediaries.
This white paper gives a detailed description of our research and planning. It also aims to demonstrate the MUSASHI project’s current status and future plans, its associated products, and solutions. The document strives to inform our readers how to use our teams’ expertise to provide decentralized financial solutions while ensuring low overhead costs, transparency, maximum throughput, security, and efficiency.
BLENDING INNOVATION WITH HISTORY AND CULTURE
MUSASHI blends blockchain based innovation with rich Japanese heritage, history and culture. It offers innovative financial products such as an innovative defi staking and yield farming system that governed by the governance token – MUSASHI Token, a blockchain based gaming platform where everyone wins, DEX and an NFT based collectible marketplace.
The MUSASHI decentralize financial ecosystem is built on Binance Smart Chain (BSC). MUSASHI Token(BEP20) based token act as governance and farming reward token for participants that perform a stake In the series of decentralize staking pool held In “MUSASHI.Finance”. It has a limited supply, with a total token count of 10 billion MUSASHI Token.
The Token Contract is “0x72558Dla4EC14c88Ec93934F6763d3B6E0484Fdc”
LEGENDS OF MIYAMOTO MUSASHI AND ABOUT MUSASHI FINANCE
MUSASHI Finance, a modern-age blockchain-based project is named after Miyamoto Musashi, the famous Japanese warrior and legend distinguished for his swordsmanship skills. Inspired by his philosophy of Bushido, the MUSASHI Platform works for the financial independence of the masses. Bushido philosophy is a way of the warrior that involves total devotion to a set of moral principles that demanded loyalty, dedication, and honor until death.
In the current financial landscape, money is mainly controlled by centralized financial institutions that are notorious for controlling and manipulating theirvalue, causing irreparable financial losses to the masses through unwanted inflations. One of the worst financial crises since the Great Depression of the 1930s was caused by the greed and irresponsibility of some of the world’s biggest banks e.g., the financial crisis of 2007 when Lehman Brothers filed for bankruptcy leading to billions of dollars of common person hard-earned money. This crisis led to one of the worst cases of widespread unemployment and wealth loss to people and continued on for the subsequent years. A trailing consequence was the Greek financial crisis during which a Greek citizen couldn’t even withdraw his own hard-earned money cause the government had locked down everyone’s assets to prevent withdrawals and pay off their debt.
Consequently, it can be deduced that giving financial control into the hands of certain institutions and governments for handling our money has often led us down time and again because of their mismanagement. Bitcoin, the first-ever digital currency, was introduced by Satoshi Nakomoto in 2009, aiming to control the economy back into the hands of the masses. However, history shows that Bitcoin or other major cryptocurrencies have become speculative investment tools and less of a medium of value exchange. A major reason for these cryptocurrencies’ speculative nature is their underlying business models and with less to no utility. Besides, it is also true that Bitcoin and Ethereum networks are congested and not scalable enough toovertake the load passed on a massive scale.
MUSASHI Finance envisions to implement the Miyamoto Musashi philosophy in the decentralized blockchain world, planning to become one of the famous yield aggregator platform that providing most effective yield farming return to user that wish to contribute liquidity to the decentralized finance industries. Like the principals that Samurais and warriors fought for during the medieval decades, MUSASHI Finance aims to bring along the conventional centralized assets’ holders to convert and digitize their assets from the modern-world manipulative powers, the financial institution and intermediaries towards fully decentralized environment.
MUSASHI aims to offer a decentralized financial instrument that is trustless, automated and completely independent of central point of control of failure. It aims to offer a platform act as a yield farming cross-chain aggregator through multiple blockchains such as BSC, DOT and HECO chain. MUSASHI also wish to provide the latest creative farming ways with the Implementation of gaming entertainment concept to boost the numbers of participants into the group farming activities.
MUSASHI TOKEN has its features.
Unlike traditional cryptocurrencies that depends purely on market demand and supply
speculations for its value, MSS Token has inherent value not just within MUSASHI Ecosystem
but it does has the deep liquidity that bind with the token from layer 1 or 2 of Tier! Binance
Smart Chain (Pancake Swap, Bunny Swap, Burger Swap)
All transactions are secured by blockchain, smart contracts and cryptography, which
completely roll out the possibility of hacking, theft, or manipulation.
Transactions are done in a peer to peer way, without involving a middleman, thus all your
account details remain private to you. Users are allocated private keys which ensure that no
other person can check your holdings or manipulate it.
No Geographical Restriction for Investors and Users
MSS creates an absolutely independent peer to peer medium of liquidity providing and harvest
for their rewards where users are not limited to any geographic limitations or need exchange to
local currencies for transfer of value.
musashi Token is an BEP20 token that strives to serving as a governance and farming rewards token for MUSASHI Ecosystem (MECO).
Having its ticker as MSS, the Mushi token has a total supply of 1 Trillion Tokens.
MUSASHI JACKPOT POOLS
MUSASHI offers a gamified decentralized Jackpot pool, which works on the model of all winners, no losers. It is created with the aim to gamify savings, working in a way whereby lottery participants create and participate in a collective pool where few of the players wins all the yield earned on the participant’s deposits in a pool, while everyone keeps their initial deposits. Every cycle, few winners are announced, making sure that maximum chances are offered to all participants.
As there is no entry or ticket fee, all users participate by staking the respective token that required In different series of Jackpot Pool offered in the MUSASHI platform. It also acts as yield farming or liquidity mining. Just like other mining pools in defi projects, the MSS Jackpot Pool also incentivizes the users for their participation, with the distinction that all rewards are allocated and distributed to the winner only.
Unlike traditional lotteries where there exists a substantial amount of risk factor, MUSASHI Jackpot pool work completely in a different model as it intensifies the action of farming extra token while holding most of your crypto assets to achieve value appreciation. Participating in a DeFi jackpot pool, a staker can easily earn up to 20-100% APR, depending on the token staked. However, MUSASHI Jackpot Pool offers a way to earn substantially more interest even through minimal participation, as a user is participating in a raffle/jackpot activity where he has the chances of substantial amount of rewards, that can never be imagined in traditional savings.
USAGE OF BLOCKCHAIN
Lotteries, like any form of gambling, can be manipulated against its participants, despite the high degree of scrutiny claimed by the organizers. Due to the high degree of centralization, organizers wield a considerable amount of power that is liable to abuse due to the current lack of transparency in lotteries.
At MUSASHI we believe in offering maximized chances of winning for users, ensuring that the Jackpot activity is transparent, and without any centralized control. It works as a fully automated lottery platform that uses blockchain and smart contracts to create a fully transparent lottery. Being governed by smart contracts rather than governments or private individuals, the drawing process becomes automated.
MUSASHI YIELD FARMING
Liquidity mining is defined as a coin’s ability to be converted into other coins without compromising cryptocurrencies’ value. It holds significant value for every cryptocurrency exchange. High liquidity indicates a vibrant and stable market where participants can trade quickly, easily, and at fair prices.
In the DeFi world, where there exist no market makers to connect buyers and sellers for seamless trade execution, liquidity holds paramount importance. Besides as MUSASHI works on a non-order book, non-custodial pattern, it takes care of liquidity by Yield farming.
Liquidity pools are pools of tokens that are locked in a smart contract. They are used to facilitate trading by providing liquidity and are extensively used by some decentralized exchanges. It resolves the fundamental issue of liquidity, especially faced by decentralized exchanges, while also eliminating a market maker’s need.
Simply put, for the comprehension of a starter, a single liquidity pool holds two tokens, and each pool creates a new market for that particular pair of tokens.
MUSASHI offers the liquidity mining or yield farming rewards based on user participation and Incentivized liquidity provider with MUSASHI token.
MUSASHI STAKING & MUSOU POOL
To ensure maximum incentivization to users for their participation in the MUSASHI Ecosystem, and to keep integrity of the blockchain architecture, MUSASHI plans to adopt a staking model whereby users will be rewarded with additional MSS tokens for staking out their MUSASHI Tokens in single asset staking model.
Staking MSS Token is a smart way of saving. While at one end staking of MSS Tokens (once the staking program is launched after the proprietary blockchain infrastructure is released) earns the user lucrative rewards.
MUSASHI staking Is built upon the MUSOU SWAP business model. User allowed to farm new project token that wish to have liquidity under MUSOU Pool session. Users simply just staking MUSASHI LP token to participate In a initial farm offering (IFO) to buy new tokens with a
brand new token sale model.
MUSOU SWAP serves as a non-custodial, highly secure decentralized exchange (DEX) with pro-active market-making and a game-changing liquidity protocol. With MUSOU SWAP, the MUSASHI Platform is poised to become the go-to decentralized finance (DeFi) solution for modern-age crypto, defi and NFT tokens, offering seamless liquidity and trading solution in a decentralized manner.
MUSOU SWAP decentralized exchange acts as a non-order book, a non-custodial exchange that is inspired by the vision of PancakeSwap and is a further step adding value to these decentralized networks. It adopts the concept of liquidity pools and automated market makers with the added feature of oracle implementation for better price discovery and seamless liquidity.
MULTI CHAIN SWAPPING AND CROSS CHAIN SUPPORT
MUSOU SWAP is working on Cross-Chain support under BSC for the decentralized swapping between digital assets of multiple blockchain networks. While it will list all sorts of digital assets from a variety of blockchain networks, it will also enable cross-chain swapping in a user-friendly, secure, and cost-effective way.
INCENTIVIZED PARTICIPATION FOR FARMERS OR LIQUIDITY PROVIDERS
Farmers and Liquidity providers are rewarded with incentives against their participation in the liquidity provision process.
MUSASHI COLLECTIBLES (NFTS NFT MARKETPLACE)
MUSASHI NFT Marketplace is a key component of MUSASHI Protocol, which works on the vision to build an open infrastructure for enabling artwork, physical and digital, to be monetized and ownership can be secured through the issuance and exchange of Non Fungible Tokens. It enables exchange of NFT assets on the blockchain by leveraging hash signatures of object scans, NFC smart tags, and decentralized oracles. Its built in smart contracts will manage unique asset identities, interest, and payment as a substrate-based application, enabling users to loan assets for token payout.
Using MUSASHI NFT Platform, artists can issue NFTs against their digital asset/arts and list in on an NFT Marketplace. Issuance of Non Fungible Tokens means artists can secure ownership of their collectibles and artwork, as NFTs are stored on a secured blockchain network that is trustless, decentralized, transparent and tamperproof. Furthermore, artists are enabled to monetize their NFTs by listing these on the MUSASHI marketplace to prospect buyers and art enthusiasts who can either purchase that peer to peer or bid for it.
The MUSASHI team looks forward to working closely with its community to build an ecosystem that empowers and rewards entrepreneurs, inventors, and producers of consumer goods and protects the fundamental human right to buy, sell, or trade property we create and own. The leadership has extensive experience in the DeFi and NFT space and believes that there is a need for NFT collectors to trustlessly lease, lend or trade their NFT ownership to those willing to leverage the utility prowess which they hold within.
3 ways to Win MUSASHI NFTs that you can stake to EARN extra rewards:
WIN FROM THE JACKPOT POOL
Participate in the jackpot staking pool and entitle to win an exclusive NFT arts by platform system auto random picking. Announcement of the monthly awards will be announced and awards is picked every 4 cycle of the total user.
WIN FROM THE TRADING COMPETITION
Participants who joined In team trading competition on specific swap pairs will stand opportunity to win MUSASHI Creator’s NFT.
WIN FROM THE DESIGN AND CREATIONS COMPETITION
Encourage NFT creators to utilize MUSASHI NFT marketplace, a competition will take place In seasonal and awards artist with NFT and MUSASHI token.
12 REVENUE MODEL
DEFLATIONARY SWAP MECHANISM
The main idea behind MSS token is to provide a decentralised network which operates on the Binance smart chain(BSC). The path forward for MSS is determined by market fluactuations, but the model it runs on begs MSS to succeed.
MSS is a deflationary token with max circulating supply of 1 trillion. In any swapping process of MSS pairing, there will be 1% tax charges that distribute among the holders, and it also triggers another 1% burn rate with no burning limits. Without a burning limit you know what happens next.
JACKPOT POOL WINNER FEE
For the winners of every cycle Jackpot lottery are eligible to win up to 35% of the rewards from the jackpot pool (yield farming) and another 5% is going to distribute to the referral of those winners. On the other hand 10% of the total amount of rewards are pour to the team as future research & development works. Another 20% is collected as performance fees that use to change MSS token to distribute as rewards to MSS staking pool. Whereby 30% of the yield rewards will be shared among to every participant who stake in the particular jackpot pool in the form of MSS Token.
MUSASHI STAKING FARM
In this farm, users can stake using their MSS tokens, while getting more MSS. The APR for this farm is dependent on the performance of all the other farms, since the 20% performance fee on other farms are what is collected and given out as the reward/roi for the MSS staking pool. MSS Pool has no withdrawal fee and no performance fee.
REST OF MUSASHI FARMS
Currently the target rest of the farming pool include CAKE-BNB, ETH-BNB, BTCB-BNB, BUSD-BNB, USDT-BNB, DAI-BNB, USDC-BNB, VAI-BUSD, USDT-BUSD pools, which exist on Pancakeswap. For these pools, as profit you will be getting the respective LP Token of the pool, as well as MSS tokens. 20% of profits will be collected and given as MSS tokens. For every 1 BNB collected, we minted 3,000 MSS token.
LIQUIDITY SWAP FEE
For liquidity provision or yield farming in upcoming MUSOU SWAP, a small amount of transaction
fee is charged on every trade. This fee will be distributed to every liquidity provider based on their
proportional stake in the capital pool. The fee amount will be finalized through communites
LISTING FEE (IFO)
For newly issued tokens who plan to list on a MUSASHI Dex, MUSASHI offers IFO services to allow token owners to distribute their token to gain liquidity on MUSOU SWAP. Throughout, the Initial Farm Offering process, there Is some fees Incur and the fee is decreases In cliffs, based on the percentage of overflow. This fee will charge In MSS Token, and the MSS Token received from the pool fee will send to Burn Contract.
CREATION AND LISTING OF NFT
On the issuance and listing of NFTs on the MUSASHI NFT Marketplace, there will be charges In the form of MSS Token.
NFT EXCHANGE FEE
On successful trade of an NFT, a certain maker and taker fee is applicable for both sellers and buyers.
Remarks: All exact figure of the fees will be finalized through future communities voting.
Private Placement IO: 10%
O Farming Sharing: 7% (divided into 20 weeks, each block will be distributed) C3 Education: 2%
Governance Voting: 1%
Listing Inventory: 5%
C3 Reserve: 65%
PLEASE READ THIS DISCLAIMER SECTION CAREFULLY. IF YOU ARE IN ANY DOUBT OF THE ACTION YOU SHOULD TAKE, YOU SHOULD CONSULT YOUR LEGAL, FINANCIAL, TAX, OR OTHER PROFESSIONAL ADVISOR(S).
This document is a whitepaper setting out the current and future developments of the MUSASHI Platform and MUSASHI Ecosystem. This paper isfor information purposes only and is not a statement of future intent. Unless expressly specified otherwise, the products and innovations set out in this paper are currently under development and are not currently in deployment. MUSASHI makes no warranties or representations as to the successful development or implementation of such technologies and innovations, or achievement of any other activities noted in the paper, and disclaims any warranties implied by law or otherwise, to the extent permitted by law. No person is entitled to rely on the contents of this paper or any inferences drawn from it, including in relation to any interactions with MUSASHI or the technologies mentioned in this paper. MUSASHI disclaims all liability for any loss or damage of whatsoever kind (whether foreseeable or not) which may arise from any person acting on any information and opinions relating to MUSASHI, the MUSASHI Platform or the MUSASHI Ecosystem contained in this paper or any information which is made available in connection with any further enquiries, notwithstanding any negligence, default or lack of care.
The information contained in this publication is derived from data obtained from sources believed by MUSASHI Platform to be reliable and is given in good faith, but no warranties or guarantees, representations are made by MUSASHI Platform with regard to the accuracy, completeness or suitability of the information presented. It should not be relied upon, and shall not confer rights or remedies upon, you or any of your employees, creditors, holders of securities or other equity holders or any other person. Any opinions expressed reflect the current judgment of the authors of this paper and do not necessarily represent the opinion of MUSASHI Platform. The opinions reflected herein may change without notice and the opinions do not necessarily correspond to the opinions of MUSASHI Platform.
MUSASHI Platform may amend, modify or update this paper and will notify a reader or recipient through its social channels and communities thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate.
MUSASHI Platform, its founders, directors, employees, contractors and representatives do not have any responsibility or liability to any person or recipient (whether by reason of negligence, negligent misstatement or otherwise) arising from any statement, opinion or information, expressed or implied, arising out of, contained in or derived from or omission from this paper. Neither MUSASHI Platform nor its advisors has independently verified any of the information, including the forecasts, prospects and projections contained in this paper.
This Whitepaper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investment in securities in any jurisdiction. This Whitepaper does not constitute or form part of any opinion on any advice to sell, or any solicitation of any offer by the distributor/vendor of the MUSASHI (the “Distributor”) to purchase any MSS Tokens nor shall it or any part of it nor the fact of its presentation form the basis of, or be relied upon in connection with, any contract or investment decision. The Distributor will be an affiliate of MUSASHI Platform (“MUSASHI Platform”), and will deploy all proceeds of sale of the MUSASHI to fund MUSASHI Platform cryptocurrency project, businesses and operations. No person is bound to enter into any contract or binding legal commitment in relation to the sale and purchase of the MSS Tokens and no cryptocurrency or other form of Payment is to be accepted on the basis of this Whitepaper. Any agreement as between the Distributor and you as a purchaser, and in relation to any sale and purchase, of MSS Tokens (as referred to in this Whitepaper) is to be governed by only a separate document setting out the terms and conditions (the “T&Cs”) of such agreement. In the event of any inconsistencies between the T&Cs and this Whitepaper, the former shall prevail. You are not eligible and you are not to purchase any MSS Tokens in the MUSASHI Initial Coin Sale (as referred to in this Whitepaper) if you are a citizen, resident (tax or otherwise) or green card holder of the United States of America or a citizen or resident of the Peoples Republic of China.
No regulatory authority has examined or approved of any of the information set out in this Whitepaper. No such action has been or will be taken under the laws, regulatory requirements or rules of any jurisdiction. The publication, distribution or dissemination of this Whitepaper does not imply that the applicable laws, regulatory requirements or rules have been complied with. There are risks and uncertainties associated with MUSASHI Platform and/or the Distributor and their respective businesses and operations, the MUSASHI, the MUSASHI Platform Initial Coin Sale and the MUSASHI Platform Wallet (each as referred to in this Whitepaper).
This Whitepaper, any part thereof and any copy thereof must not be taken or transmitted to any country where distribution or dissemination of this Whitepaper is prohibited or restricted. No part of this Whitepaper is to be reproduced, distributed or disseminated without including this section and the following sections entitled “Disclaimer of Liability”, “No Representations and Warranties”, “Representations and Warranties By You”, “Cautionary Note On Forward-Looking Statements”, “Market and Industry Information and No Consent of Other Persons”, “Terms Used”, “No Advice”, “No Further Information or Update”, “Restrictions On Distribution and Dissemination”, “No Offer of Securities Or Registration” and “Risks and Uncertainties”.
To the maximum extent permitted by the applicable laws, regulations and rules, MUSASHI Platform and/or the Distributor shall not be liable for any indirect, special, incidental, consequential or other losses of any kind, in tort, contract or otherwise (including but not limited to loss of revenue, income or profits, and loss of use or data), arising out of or in connection with any acceptance of or reliance on this Whitepaper or any part thereof by you.
MUSASHI and/or the Distributor does not make or purport to make, and hereby disclaims, any representation, warranty or undertaking in any form whatsoever to any entity or person, including any representation, warranty or undertaking in relation to the truth, accuracy and completeness of any of the information set out in this Whitepaper.
No information in this Whitepaper should be considered to be business, legal, financial or tax advice regarding MUSASHI Platform, the Distributor, the MUSASHI, the MUSASHI Platform Initial Coin Sale. You should consult your own legal, financial, tax or other professional adviser regarding MUSASHI Platform and/or the Distributor and their respective businesses and operations, the MSS Tokens, the MUSASHI Platform Initial Coin Sale. You should be aware that you may be required to bear the financial risk of any purchase of MSS Tokens for an indefinite period of time.