MYTC : LEVERAGING OF BLOCKCHAIN TECHNOLOGY TO PROVIDE A DECENTRALIZED BARTERING / TRADING ECOSYSTEM

kunscrypto (27)in #blockchain • 6 years ago

MYTC was founded with the idea to help small and medium businesses trade and barter globally using a decentralised trading platform.
There are over 5 million small and medium businesses/enterprises globally which conduct reciprocal trade/barter but yet there is no decentralized platform for these businesses to be able to trade/barter with each other globally.
Current members of existing barter/trade exchanges have limited access to the members from other platforms, they are charged with excessive high exchange fees, controlled through a centralised ledger, the value of the trade dollar is devalued because of limited members who cannot trade with each other due to constraints. The problem is that business, especially the small medium businesses can only barter/trade with members who they know and are locally located near them.

SOLUTION
MYTC Intends to create a decentralized platform for all small and medium enterprises to use a common currency to conduct reciprocal trade/barter with each other. MYTC is about helping you with your barter/trade while you focus on the cash and everyday sales. We are not looking to disrupt your business but here to help you improve your business through the use of digital cash on the revolutionary block chain technology.

FEATURES
To User

Widen you options : Pay for goods and services with another form of currency, which is accepted by multiple merchants and users across the globe.
Control your risks: Holding onto MYTC Tokens you will be able to purchase real goods and services and assets, which are backed by members and users within the MYTC, ecosystem. You will avoid inflation and stagflation of your MYTC Tokens.
Deals : Take advantage of latest deals being offered by trading members locally, nationally and globally.
Offer new payment methods : option to get paid in MYTC Tokens for services and jobs completed.

To Merchants

Decentralized application : Enable members to trade locally, nationally and internationally with each other in a cashless society with the comfort that all trades are transparent and secure using immutable smart contracts.
Low exchange rates : Enjoy extremely low exchange rates compared to existing platforms. Current exchanges charge approximately 5%-6% per transactions. Our platform will propose a charge of only 0.5% -1% per transaction.
Gain New Customers : Gain potential new customers by opening new markets with other members from other platforms. Every new customer brought to you by the My Trade Token community brings new income on top of what you’re already receiving, which will help to increase your profit margins.
Improve Your Cash Flow : My Trade Token adds another dimension to your enterprise by giving you the freedom to accept barter/ trade dollars to attract new customers and increase your sales. You will also have more money to operate, expand and invest back in the business.
Move Excess Stock : My Trade Token is the easiest way to sell your excess or slow-moving stock without heavy discounting. If your business experiences seasonal markets, barter/trade provides a pro table way to use the inventory on a regular basis.

HOW IT WORKS
MYTC Network is designed to unite small medium enterprises globally to enjoy the ability to conduct reciprocal trade/barter with each other.

MYTC Merchants shall offer their goods and services through the MYTC platform
Buyers (other merchants and the community) will have the ability to purchase these goods and services and pay the merchants with MYTC Tokens.
The merchants will be able to then save or spend those tokens with other merchants within the MTYC ecosystem.
Members will be able to access their tokens anywhere in the world and barter/trade with anyone around the world.

The community will be able to access merchants / businesses that will provide products and services that will provide a transparent transaction from the sale of their goods and services. Through the innovative technology there will be less likely of fraud transactions and reliable of the delivery of the products and services to the community.
MYTC will be the centre of different trade/bartering exchanges globally where the businesses/merchants’ members in these exchanges will be able to purchase MYTC tokens using their current trade/barter dollars, the businesses/merchants will be able to use MYTC with each other even though they may be from different trade/bartering exchanges. These businesses/merchants will also be able to earn MYTC tokens by accepting MYTC as payment from other businesses and the community. MYTC will be an automated platform that will act to facilitate these transactions maintaining transparency between merchants and the community by the use of block chain technology. This will ensure that transactions will be immutable, and therefore impossible to manipulate. Any attempt of contract tampering will be detected and rejected by the blockchain. As our Token is based on Ethereum, we have the advantage to offer a service that has been in production for a number of years, relying on numerous automated tests and advanced security protocols. This will build trust between our Token and merchants.

The benefits to the merchants are that they can grow their business through the ability to reach and market their products and services to more customers naturally through our platform and mobile application. The merchants will gain new customers from the acceptance of MYTC which they currently do not have access to. They will have a chance to utilise their trade/barter dollars more effectively than what is currently being offered by the market place.

MYTC TOKEN
MYTC is an ERC20 token based on Ethereum protocol

The total amount of MYTC token created will be 300,000,000.
We will not mint any additional tokens ever
Bounties tokens will be transferred after the Token generation event
Our reserve will be available to merchants to purchase coins with barter coins

PRE-TGE
Start Date : 01st August 2018, 12:00(GMT)
Duration : 31 days
Soft Cap : 1,500 ETH
Hard Cap : 5,000 ETH
Price : 1 ETH = 10000 MYTC
Payment method : ETH
Min Purchase : 0.1 ETH
Total token supply : 50,000,000 MYTC

TGE
Start Date : 1st September 2018, 12:00 (GTM)
Duration : 30 days
Soft Cap : 3,500 ETH
Hard Cap : 17,800 ETH
Payment method : ETH
Min Purchase : 0.1 ETH
Total token supply : 112,000,000 MYTC

ROADMAP

November 2017 – Team Building
December 2017 - Idea Development
January 2018 - Technical Specification - Strategic partnerships and alliances formed
February 2018 – Design draft - White Paper creation. - Business company formation.
March 2018 - Marketing and Token initialisation - Website deployment. - Creation of smart contracts. - Creation of ERC20 token.
April 2018 - Creation of business registry prototype. - Creation of consumer registry prototype.
May 2018 - White paper release. - Marketing campaign begins.
June 2018 - Smart Contract development - AUSTRAC registration
July 2018 - Smart Contract deployment - White paper final version release. - Bounty campaign begins.
August 2018 - PreTGE begins.
September 2018 - Commencement of Token Generation Event. - Development and release of MVP. - Commencement of MYTC Core development
October 2018 - Completion of TGE. - Beta version platform development; testing exchange APIs. - Begin cryptocurrency exchange registration. - Tokens release for bounties. - Prototype development, with integration to our first external bartering platform
November 2018 – MYTC Core deployment. - Begin platform development version 1. - Team expansion.
2018 (4th Quarter) - Extensive Marketing of MYTC and MYTC Token - Independent Security Test of platform. - Commencement of mobile apps (IOS and Android) development version 1. - Independent Security Test of mobile applications (iOS and android). - Sign partnership agreement with Australian exchanges
2019 (1st Quarter) - Release of app (iOS and android) version 1.0 - Release first version of MYTC platform.
2019 (2nd Quarter) – Update and enhance mobile apps (iOS and android) - Platform Release Version 2.0 - Consolidate partnerships with Different Australian barter/trade exchanges
2019 (3rd Quarter) – Expand office into Thailand - Expand offices into Vietnam
2019 (4th Quarter) – Expand offices into Singapore - Expand offices into Malaysia
2020 – Expand offices into USA
2021 – Expand offices into UK
2022 – Expand office into China
2023 – Expand offices into Europe