MTV will be listed on MXC Labs. In order to ensure more users can take part in the activity equally, subscription formats is adopted. The details are below:
Terms of Subscription:
- MTV Subscription Time: 12:00 (UTC+8), August 26 – 18:00 (UTC+8), August 26.
- Eligibility: User’s MX holding 30 days prior to August 26 have to at least reach the amount specified in the table above.
- The eligible users are able to subscribe any amount of MTV not exceeding the maximum amount specified in the table. The subscription amount is in shares. 1 share = 100 MTV. The number of your subscribed shares must be integer.
- A user’s actual obtained amount = (the user’s subscription amount / total subscription amount of all users) * Total sale amount.
- MX will be used for exchange of MTV. The exchange will be made at 19:00 (UTC+8), August 26 at the specified price by the system automatically. So, subscribers shall have enough MX to be deducted (excluding MX for pending order) for exchange of MTV before the time thereof. Otherwise, it will be deemed that you give up the chance by yourself.
- The amount of MX to be deducted = (User’s actual obtained amount of MTV * MTV sales price) / average price of MX.
Note: MXC will airdrop MMTV to subscribers at the ratio of 1:1 at 19:30 (UTC+8), August 26 according to subscriber’s actual obtained amount of MTV.
Both MTV and MMTV are ERC-20 token, and will be listed & circulated on MXC at the same time. MMTV is a redemption-right token in a period of 49 days with a total supply of 20 million. Users have the right to use 1 MTV + 1 MMTV to exchange 0.006 USDT, i.e. 120% of sale price on the 49th day (Oct.15, 2019) after the listing of MTV. Then, The MMTV/USDT pair will be delisted and invalid on the 50th day (Oct.16, 2019). It is user’s right to choose to exchange or not.
- Listing time: 20:00 (UTC+8), August 26, 2019
- Listing Platform: MXC.COM
- Trading pair: MTV/USDT; MMTV/USDT
- Deposit and withdrawal time: 20:00 (UTC+8), August 27
MultiVAC is High-Throughput Flexible Blockchain Platform based on Trusted Sharding Computation. It’s a next-generation public blockchain platform built for integration with large-scale decentralized applications (dApps). MultiVAC is developing the world’s first fast, efficient, and fully sharded blockchain with sharding for not only computation but also transmission and storage, maximizing throughput while maintaining decentralization and without sacrificing security.
MultiVAC pioneers flexibility for DApps to trade off freely on the impossible CAP triangle between decentralization, performance and security, supporting large-scale decentralized commercial applications for complex and diverse business requirements.
MultiVAC is aiming to be next generation general public blockchain platform with perfect scalability for mass real industry applications.
(1) Evolutional all-dimensional sharding scheme of not only computation, but also storage and transmission compared to other sharding solutions(the vast majority of others have achieved only one aspect）;
(2) Infinite linear scalability under this fully-sharded architecture, more shards, higher performance.
(3) The requirement for the storage, computation and transmission performance of miners is greatly reduced under the all-dimentional framework. Allowing PC miners to maintain a decentralized network with open participation and a great potential in real world.
(4) Investments from top institutions around the world, including IDG/NGC/HASHED/SINGUM/GENESIS/ARRINGTON XRP/ICODROPS etc.
Superior R&D and engineer team with broad experience and resource on both R&D and business.
Official website: https://www.mtv.ac
Whitepaper address: https://www.mtv.ac/assets/file/MultiVAC_Tech_Whitepaper.pdf
ERC-20 address: 0x8aa688AB789d1848d131C65D98CEAA8875D97eF1
Contract Creator: 0xAe10f0D29C5CE5fAFfB5f8b4A59c51968526acA7
Block explorer: https://e.mtv.ac/
MTV Application Scenarios
MTV will be the native token of MultiVAC chain.
(1) Proof of stake to be a miner node and a storage node
(2) Transaction gas fees
(3) Block generating reward for miners
(4) Storage infrastructure reward/fees for storage nodes
(5) Flexible fees of smart contract executions in a free market
(6) Voting, depositing and other functions
Total supply: 10 billion
MXC Labs: https://www.mxc.com/labs/list
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Enjoying your trade on MXC.
The MXC team
August 23, 2019