The First Official MCF Token Burn
Following a string of successive updates about our cryptocurrency metamorphosis, we have another one for you today:
It’s been a long wait, but Max Property Group and Max Crowdfund are finally completing the mission they had started way back in 2018. This is being accomplished through the establishment of their real estate crowdfunding platform. With the help of real estate backing, lucrative investment opportunities have been published and have all attained full subscription. The group is expanding internationally as well, and the first overseas platform in New Zealand has already been approved by the financial regulators as a financial services provider. The new Max Crowdfund Token has also been introduced on the Binance Smart Chain, making it an ideal moment to start our first burn!
Yesterday, 24th of June 2021, the first official Max Crowdfund Token (MCF) burn had been realised.
We can confirm that a figure of €2,776,600 has been raised so far and 0.1% (€2,776.60) of this total was sent to Binance to facilitate the purchase of 11.6152 BNB. The BNB tokens were sent to the company wallet and were subsequently converted into BNB on the Binance Smart Chain.
Out of the 11.6152 Binance Smart Chain BNB, 6.6152 were used to purchase 3,506,402.257671267 MCF, and 5 were used to purchase 2,816,593.077773937 MCF, for a total of 6,322,995.335445204 MCF which were subsequently sent to the Binance Smart Chain Burn Wallet (0x000000000000000000000000000000000000dEaD) in two transactions.
We will continue to regularly burn MCF tokens at a rate of 0.1% of the total figure raised on all Max Crowdfund platforms. Stay tuned to our social channels for new developments.