XDMC: The MPCX Token, and tokenomics

in cryptocurrencies •  6 years ago  (edited)

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MPCX is simply a digital blockchain driven financial services platform, which manages crypto-wealth for crypto investors. In other words, your Crypto All-in-one solution. MPCX engages in the following, but not limited to, Investable Crypto Indices, cryptocurrency trading and exchange, digital banking, traditional asset and Digital Smart Investment Mandate. All under one platform, the MPCX Platform.
What fuels the MPCX Platform? Simple, the XDMC Token.XDMC Token will be a functional tool for using the MPCX Platform. XDMC Tokens will be used to pay for the services inside the platform, such as trading and withdrawal fees, and as the internal currency for banking services, once enough liquidity and popularity is achieved. It's also a Utility token, also used for Platform ecosystem voting, either for listing or democratic decisions. It has a fixed supply, totaling up to 999,950,416, with a token address of 0x87f0e615ab8e7d5da906036b7efdd5af5ff6a9b7. And of course would be hosted on the Ethereum and Waves Blockchains. The strictly limited amount of XDMC tokens will be allocated during each ICO round. All unsold tokens during a particular ICO round will be distributed among the round contributors on a pro rata basis.

The XDMC Token Supply Model
There is a structure for the distribution of the token. A huge chunk, 60% is for the crowdsale, the team takes 20%, while platform development and bounty picks 16% and 4% respectively. The crowsale is further broken down into
Presale 6.07% about 60,720,000
Stage 1 22.45% about 224,532,081
Stage 2 19.10% about 190,966,929
Stage 3 12.73% about 127,331,286
The MPCX Platform has no manual access to the unsold XDMC tokens, the distribution process will be done via sale XDMC smart contract. Any ICO contributors will be able to use function "Unsold" to get their XDMC
tokens during 100 days after the end of an ICO round. The XDMC tokens will be allocated during each ICO round. All unsold tokens during a particular ICO round will be distributed among the round contributors .
MPCX proposes to reward the community by allocating part of the platform returns to a buyback program of XDMC Tokens. Part of the bought-back XDMC tokens will be burned, thereby organically decreasing the XDMC token supply and the remainder of the bought-back tokens will be subject to three-month selling restrictions.
Crowdsale Proceed Plan
Below is the breakdown of the funds from the Initial Coin/Exchange Offering.
• 40% will be used for continuous
promotion, education among the crypto community and Sales and Marketing
• 35% will be used for MPCX Platform building, upgrades (recruiting, training, and the development budget)
• 15% will be kept in reserve for any emergency events;
• 10% will be spent on financial infrastructure and licensing.
Learn more, with due diligence performed, at
Website https://mpcx.co/
Telegram https://t.me/MPCXPlatfromCommunity
Whitepaper http://bit.ly/2FnfFp9

https://bitcointalk.org/index.php?action=profile;u=2409725
0x8dC02f9a3255C0cE32536E698447F2E3915AE948

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