Hi MCAPians’,
I hope you all must be enjoying the developments of MCAP regarding increment of its market cap. Today I would like all of us to take a trip down the memory lane with our potential investors to give them a brief view of what all has happened since the advent of MCAP token in the cryptocurrency world.
What is MCAP token?
MCAP token is a mining and ICO token which uses the ERC20 protocol for decentralized peer-to-peer transactions. All MCAP transactions are recorded onto the Ethereum Blockchain to ensure immutability and transparency. Also, it allows a person with a little or no know- how of the crypto-world to trade and seek maximum profits on his investments.
MCAP Crowdsale Statistics
MCAP launched its ICO on the 27th of April and took the blockchain world by surprise by happening to raise over $19 million till its completion. During our crowdsale, we happen to offer certain lucrative discounts for our buyers. We offered 20% discount to our customers till 7th of May and a 10% percent discount for a period of next ten days i.e. till May 17. We successfully raised more than a million dollars within the first 24 hours of our token launch. This event attracted more investors who helped us in crossing the $4 million barrier in first ten days and another $2 million in next four days.
Use of sale proceeds
Out of MCAP’s 100 million MCAP tokens, fund usage will be split evenly between platform and application development.
• One major chunk of platform development funds from MCAP will focus on mining hardware and ICO services.
• Platform development: Our primary goal is creating a platform inclusive of Ethereum smart contracts as they enable a highly transparent and secure way of profit sharing among the token holders. Further, this will facilitate us to keep track of the distribution of rewards.Also, some additional frameworks, such as user-friendly trading & management interfaces, and customization tools will develop.
• Legal Costs: Legal requirements will include a corporate infrastructure establishment in at least 2 locations for crowdsale and operations. Also, a legal contingency fund will be reserved in case of future issues.
• Marketing and Business Development: Business development efforts will address identification and collaboration with new projects. It will further address existing partnerships with MCAP. Our efforts will be concentrated on increasing awareness and knowledge regarding the MCAP platform and what can be built with it.
MCAP price predictions for 2017
“MCAP is best for people who want to earn exponential returns on their investments in the long run” -Crypto Analyst
German Hedge Fund Managers have been critically analyzing MCAP tokens. Some of their research suggests that MCAP token has the potential to jump to almost 25 times their initial value.
“Looking at the current scenario, I believe that by the end of November, the price of MCAP will easily touch $100” -German Hedge Fund Manager
Some researchers and managers have even concluded that they see MCAP tokens as a real and legitimate asset.
Where can one buy MCAP?
· MCAP currently ranks 47 amidst 843 digital currencies listed on its platform. To check its ranking Click Here
· It has a market cap of a little over $116 million with approximately 63.9 million MCAP tokens currently in circulation. To check MCAP’s market stats Click Here
MCAP is listed on a vast number of exchanges such as C-CEX, Mercatox, Novaexchange, Bitcoin Growth Fund exchange and EtherDelta,. Soon we’ll be trading on other exchanges as well. For any query feel free to contact us anytime.
