i really like this new project from the start. It is in some ways really “decentral” … but maybe we have to wait until the new token will distributed (cause actual if i am right the most money in MiMo is from TenX).
The negativ site is a typical point for tenx for the last years … bad timing!
At the moment it is really near impossible to test Mimo and the new borrow function if you dont test it with funds 5000 usd+. To interact with this ERC 20 the cost are way higher then on a normal transaction.
I really hope that the team behind MiMo will look for alternative chains or Solutions → cause i think (personal opinion) the transaction costs will not change really much this year on ETH. Use this stablecoin with a crypto credit card? I mean yeah paying 25 usd fees for a coffee is way to much right?
What if they changed to a chain like cardano or start from the bottom with iotas incomming feeless smart-contracts? Maybe not so much attention at the start but may more if it works fine (and feeless).