Hello everybody!
The MUST Protocol is an open source protocol designed to confirm, account, and manage rights to assets through non-fungible tokens. It offers tools for creating efficient decentralized DApps, ensuring the ease of authentication of information about real tangible and digital assets (vehicles, real estate, equipment, securities, currencies), and rights to these assets.
The MUST vision is to offer a public protocol for non-fungible tokens [NFT] accessible to a broad technical audience. It significantly reduces development time, risk, and costs associated with the development of the blockchain-based solutions. For example, it can support a wide range of decentralized applications [DApps] and business models, enabling companies to use the entire existing blockchain potential. Companies that do not use blockchain will be able to start using the decentralized distributed register and easily enable non-fungible features in their apps without requiring the skills of low-level programing on blockchain from their own development teams.
The mission of the MUST Protocol is to connect the world of real and digital assets with the blockchain world through the tokenization of asset rights and provide app developers with a secure and cross-functional framework to prove assets and tokenize rights to them.
More about MUST, watch the video below:
The MUST Protocol will provide a wide range of users with a comprehensive solution capable of ensuring a full-fledged transfer of values from the real to the digital world by tokenizing all types of rights to assets.
Short name of the token: MUST
Full name of the token: Main Universal Standard of Tokenization
Token standard: ERC-223
PreSale period: August 1 — September 30
PreSale token offer: MUST 100,000,000 (USD 4,000,000)
Token price: USD 0.04
Participation thresholds: USD 100,000 min, USD 500,000 max
PreSale bonus: 25%
Softcap: USD 500,000
Hardcap: USD 4,000,000
KYC/AML: without a smart contract
White List: without a smart contract
PreSale is the first private stage of the token distribution process. Now that we are ready to implement the MUST Protocol creating initial MVPs, we invite major investors to support the project.
PreSale 500k softcap which is already half filled will allow us to successfully launch one of the projected minimal viable products. Reaching 4M hardcap will provide MUST with resources to start several MVPs for different business verticals by the beginning of the Token Sale.
At the same time, we try to avoid the excessive impact of the single token holder to the stability of the project’s economy. This is the reason of setting up a maximum limit for major early investors to $500,000.
Investment procedures like KYC and AML regulations at the stage of PreSale will be executed in a classical way without involving smart contracts.
The pros and cons and the process of defining the suitable Ethereum token standard were described in details in our previous article.
The PreSale stage will last till the end of September, followed by a month-long break before Token Sale starting November.
At the moment the MUST Team supposes and plans two types of the token demand and price incentives. First and principal of the utilities of the MUST token is the access to the platform services. Customers will need it to get into the asset databases, pay platform subscription fee etc. Combined with the discounts provided with tokens — 50% in 2018, 25% in 2019, 12,5% in 2020 and 7,5% in 2021 — this scheme will spur the growth in demand for the MUST token driven by the increasing popularity of the MUST Protocol and the number of real implementations of asset tokenization within the MUST Platform.
TOKEN DISTRIBUTION
INVESTMENTS DISTRIBUTION
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