We are building comprehensive financial and business MGBank platform (codenamed Tokamak) to drastically expand blockchain and cryptocurrencies from a sandbox to the real world. The project aims at providing the participants of the market with the blockchain instruments of decreasing the costs, increasing the speed and convenience of financial and business operations, expanding the use of products and services of participants, increasing profits. We offer the concept of Cryptopair - MGCoin and MGCash. This approach provides the stable course of cryptocurrency on the one hand, and the opportunity to invest on the other hand. Wherein, the high speed of transactions and their low cost are realized.
Main key features of platform are:
• stable cryptocurrency;
• P2P lending;
• personal capitalization;
• payments (including API for social networks, messengers, games, etc.);
• multicurrency (both fiat and crypto currencies);
• smart account;
• digital wallet;
• third-party services;
• smart contracts;
• electronic workflows;
• financial marketplace (including bonds, shares, loans, insurances, etc);
• KYC provider and so on.
7% (1,400,000) of the tokens MGT of total ICO amount are offered for distribution. Minimal cost of token on this stage is 0,0009 ETH and maximum cost is 0,00122 ETH. The currency of Pre-ICO is Ethereum.
Developing legal scheme, mechanisms and instruments. Official registration of MGBank project (Europe). Promotional and marketing campaigns. Road-show for institutional investors.
Initial Coin Offering (ICO). Total amount of the MGT tokens of ICO (including Pre-ICO) is 200,000,000. Finish rate og the MGT token is 0,0018 ETH. The currency of ICO is Ethereum, Bitcoin, Ripple, US Dollar, Euro.
Token emission and listing on the major exchanges. The rate of the MGT is traded freely in the open market. Carrying out marketing campaigns to support rates.
Acquisition of Payment institution license and Electronic Money Institution (EMI) license, creation of essential infrastructure, membership in SWIFT and SEPA. Registration as a Small Electronic Money Institution.
Alpha version (Personal capitalization, P2P lending, KYC, emission MGCash & MGCoin). Develop the basis services of the platform. Launch P2P lending and start making money.
First version (Payment subsystem, smart account, digital wallet). After the ICO, a banking license will be obtained. This will allow us to offer loans and deposit services.
Second version (Financial marketplace, API, mobile apps). Official partnership with other participants of financial market and beginning of connectivity process third-party developers.
Opening of offices in the key economic zones (China, USA, Japan, Europe, Switzerland, South Africa, South Korea).
Third version (Remittance, Business services, mobile apps). The world-wide expansion of services and API of platform. Development of a strategy for further development of the project.
IPO. Attracting additional funds for the development and evolution of the project. As a result the project will become a public company, whose shares are traded on the traditional exchange.