❓FAQs
What is Millennium Club DAO (MCLB)?
Millennium Club DAO (MCLB) is a pioneering decentralized organization dedicated to contributing to the advancement of Web3 and the broader blockchain space. Initially stemming from a vibrant community of multichain validators, MCLB has evolved into a structured entity within the decentralized landscape, with a focus on treasury growth, decentralization, and collective advancement.
Where can I see the DAO Treasury?
DAO and Team Treasury Dashboards can be found here.
What is fBOMB and its relationship with MCLB?
$fBOMB is a deflationary multi-chain farming token backed by the MCLB Treasury, empowering governance and enabling the creation of multiple DeFi flywheels. It aims to burn as much of the token supply as possible through various mechanisms, contributing to scarcity and value appreciation. MCLB DAO strategically supports fBOMB through initiatives like the fBOMB Flywheel to propel its growth and adoption.
What is mFTM, and how does it relate to MCLB?
$mFTM is a liquid token obtained by staking FTM with MCLB's Liquid Staking Protocol. It represents staked FTM on nodes operated by MCLB team members, promoting decentralization and network security. Unlike other Liquid Staking Tokens, $mFTM does not employ a rebase mechanism, and users are not subject to extra fees for staking, resulting in higher returns. The mFTM flywheel is designed to enhance liquidity, drive token adoption, and maximize returns within the MCLB ecosystem.
What is the role of $MCLB token within the Millennium Club DAO ecosystem?
$MCLB serves as the governance token of MCLB DAO, enabling holders to participate in decision-making processes shaping the future of the ecosystem. Its key functions include facilitating buyback and burn initiatives to reduce the token supply, participating in governance to govern the community treasury and ecosystem development, and granting privileged access to early-stage investments.What does MCLB have to do with fBomb? MCLB is the DAO that took over development of fBomb after the project was abandoned. They are constantly working to expand the project and add additional farms for fBomb ecosystem tokens.
How do I buy $fBOMB?
fBOMB can be bought on the these DEXs.
Make sure to use 1.5 - 2% slippage when trading fBOMB.
How do I buy $MCLB?
Use fBOMB to buy/sell MCLB only and switch on degen mode to route only through Equalizer DEX.
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