Dear MPG community,
If this is not the best news ever for the MPG token value, we don't know what is!!
Team Token Release From Lock-In Period
We are delaying the team token release date, which was supposed to start on the 1st July 2019, to until we have obtained our license from the Dutch Financial Authorities (AFM (
https://www.afm.nl/en)). We expect this process to take approximately 4-5 months, but a fixed date cannot be provided. We will of course keep you informed of our progress and, as soon as we have a date, we will announce it on our channels.
MPG Token Burn Events
As you are aware, we are burning 40,000,000 MPG tokens on the 12th of july during our "Live MPG Token Burn Event" in the MPG head office in Rotterdam. These tokens have just been transferred from the PRE-ITO account (ARDOR-EJE2-QCZZ-66YB-7AGW8 (
https://ardor.tools/account/ARDOR-EJE2-QCZZ-66YB-7AGW8)) to a specific burn account (ARDOR-4778-V7PK-JEL9-23NYA (
https://ardor.tools/account/ARDOR-4778-V7PK-JEL9-23NYA)).
We can now announce that we will also burn all the remaining MPG tokens in the PRE-ITO and ITO PHASE I wallets, which come to combined total of 216,156,780.12 MPG tokens. These two burns combined will take over 21% of the MPG tokens out of circulation!!!
Dates for when additional burns will take place will be announced during July.
Platform Fees Updated Due To Blockchain Integration
We are delighted to announce that the blockchain integration process has begun, and some of the fees on the Max Crowdfund platform are now being charged in MPG tokens. More details about the fees can be found on these pages:
1. Investor Fees
(
https://maxcrowdfund.com/en/investor-rates) 2. Fundraiser Fees
(
https://maxcrowdfund.com/en/fundraiser-rates)Property Listing Fees will be added as soon as we have finalised the development of the property listing functionality.
Please remember that all MPG fees received will automatically be burned.
Roadmap Update
We have updated our Roadmap to include all milestones achieved, what we are working on right now, and what our plans are for the future.
We trust that you appreciate the hard work we are putting in to develop Max Crowdfund and make it the best real estate blockchain project out there. There is still a lot of work ahead of us but we are making steady progress and continue to develop and improve the platform.
Best regards,
Mark Lloyd
CEO