Thanks to the joint efforts of everyone in the community, the CMD distributed storage public chain has grown stronger and has shown an efficient development status overall. CMD is a point-to-point distributed storage system. Through special encryption algorithm encryption and fragmentation technology, it can make all data stored on the CMD network appear in a decentralized storage state.
Distributed storage is what the times need. The rapid development of the CMD distributed storage public chain in recent years is the best proof. As CMD stores more and more data, the value of the CMD public chain itself is increasing. How to store and use these precious data , To achieve a wider range of value transmission and storage, is the bottleneck facing the development and growth of CMD.
In order to promote the rapid development and growth of CMD, CMD will connect to the issuance of derivative assets WCMD on the Huobi Ecological Chain (heco) through Polkadot. At the same time, WCMD will be the first lightning interest realized by CMD on Heco based on the mortgage mechanism and liquidity. Liquidity platform, enjoy the support of the top traffic of CMD and Heco.
As a lightning interest liquidity platform, the main feature of WCMD is that when users pledge their encrypted digital assets, they can obtain the total amount of interest that they should receive during the fixed deposit time. CMD miners achieve value support through the platform's liquidity fee and the CMD public chain value mirror capture. Users deposit CMD held by them, or ERC20 tokens supported by platforms such as ETH, and they can get the corresponding one-time interest realized by WCMD according to the time of deposit.
WCMD has also set up a destruction and deflation mechanism. The interest WCMD of the deposit backfill will be destroyed. In addition, the part of the WCMD loss generated when users use Polkadot for cross-chain multi-asset bridging will also be destroyed, which means that the more cross-links After chain assets are deposited on the WCMD platform, more WCMD will be destroyed.
We know that the community is very concerned about the derivative asset WCMD to be issued by CMD. We will continue to tell you more information on our blog and Twitter.