Bitcoin holders have done it tough throughout this brutal bear market, seeing the price plunge from 20k all the way to the current sub 4k level. The sustained period of lower prices has taken its toll, and tested even the most hardcore hodlers to the limit. At such times, any development that can provide a boost to those who have weathered the storm is welcome.
Thankfully, some good news is on its way for those flying the BTC flag, in the form of a free airdrop called MimbleWimbleCoin (MWC). Mimble what? Those familiar with Harry Potter will know that Mimblewimble is a curse that ties the tongue of the target to prevent them speaking about a particular topic. Thus, in crypto, the term 'MimbleWimble' was assigned to a protocol released in mid-2016, that provides a strong cryptographic framework, suitable for privacy focused blockchains.
To date, the most notable projects to utilize the MimbleWimble protocol are Grin and Beam. While they both have positive aspects to them, the downsides are considerable. Grin has no cap on its supply and Beam has adopted a company style governance structure. Enter MimbleWimbleCoin, which will fork the Grin code base, have a capped supply of twenty million, and be distributed exclusively to Bitcoin holders who sign up to receive the airdrop.
The combination of privacy features from the MimbleWimble protocol, store of value capabilities from a low cap supply and a straightforward distribution method to the strongest hodlers in crypto, could well see MimbleWimbleCoin become one of the rising stars during the next bull run.
Registration for the MWC airdrop opens on April 20, 2019, with the snapshot of the Bitcoin blockchain, to determine distribution, occurring on July 19, 2019. In addition to the airdropped coins, 50% of the supply will be Proof of Work minable and there will also be a rewards program for holding.
For further details about all aspects of MimbleWimbleCoin, visit the official website MWC.mw, follow on Twitter @M_W_Coin and join the MWC community on Discord.
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