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

olamydey8 (36)in #cryptocurrency • 6 years ago

What is MYTC
MYTC is an online business-to-business exchange platform based on blockchain technology that will create more efficient, intuitive, and transparent trading.
Our goal is to improve existing trade/barter landscapes and address significant issues such as fraud transactions, increased privacy and pricing, and high international and local transaction costs.
Problem
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.
Why MYTC

We see the need for innovation in this field. We believe we can empower Small and Medium Enterprises ( SMEs ) with a secure, transparent and beneficial platform for all parties involved in the process.
Our network combines businesses that trade with each other as well as the general community in which they are customers and consumers in exchange for MYTC. Our expertise in software development, blockchain & cryptography, barter and trade industry, small and medium business management, gives us confidence in creating trade exchanges / barter that will be superior to all existing solutions used worldwide.
The MYTC team intends to have a large network of merchants who accept the MYTC Token as a means of payment from the everyday consumer. We are discussing with the exchange of world trade with more than 110,000 merchant members.
MYTC's strategy is to develop a fully automated and integrated platform for all barter trade, merchant and community trades to connect with our platform by providing easy access and use to end consumers to spend MYTC Tokens for everyday purchases like coffee in cafes, , daily services such as hairdressers, cleaners, then to utility payments ( electricity, water, gas, rent and others ).
At the moment the crypto currency market is struggling to offer "all-in-one" coin coins that small and medium-sized companies can use and each other and the community can also use it with small to medium sized businesses.
How Does it Work
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.
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 lower likelihood of fraudulent transactions and reliable delivery of the products and services to the community. The public community will be able to pay to these merchants MYTC Token for the goods and services.
MYTC Token as a cryptocurrency is supported by both merchants/businesses providing the goods and services and the community purchasing them within that ecosystem. This ensures that they both rely on each other for their own benefit. Contributors know that MYTC Token is supported by the stored different trade/barter dollars which is issued to these merchants/businesses for MYTC Token. And merchants are aware that the community keeps our token liquid in public exchanges. The value of MYTC derives from both the trade/barter dollars and the circulation of MYTC token within the ecosystem.

The Architecture of the MYTC Core
MYTC Token : the ERC20 token used to trade for goods and services;
Wallet : Any ERC-20 compatible wallet will be able to hold MYTC Token. The most common wallets are:
MyEtherWallet, Metamask and Mist. Make sure you keep your private keys secure. Additional information about wallets will be provided at our Token Generation Event
MYTC Business Registry : Businesses management module, such as accounts and individual websites/ apps. This will allow us to integrate with different platforms and merchants across different regions.
MYTC Customer Registry : Customers management module, such as accounts and purchasing requirements. This module will manage user transactions and relationships with other merchants. This is a fundamental piece to allow merchants expand and trade with ease with other customers anywhere around the world
MYTC Consumer Registry : handles information about end users and their legitimacy. This will help us to keep our clients secure and provide authorization roles accordingly. Users must be authenticated to access other modules and have limited access according to their roles.
MYTC Analytics : Finds and identifies trends and patterns that will help us to provide a betterpersonalised service.
MYTC exchange platform, which will be automated to process transactions with other trade/bartering exchanges.
This platform will use our smart contracts to transfer MYTC Tokens to the merchants purchasing MYTC with their trade/barter dollars. The platform will also process transfers between a merchant with trade dollars and the community. Both a Web application and mobile application (IOS and Android) will be developed for ease of access to the platform. The mobile app shall also allow for customers to access and contact merchants/businesses closest to them within the MYTC ecosystem.
Our web application will have a training module that contains videos and tutorials to educate merchants and the public community about our system and instructions on how to trade and maximise their benefit within the MYTC ecosystem.
Pre Token Generation Event
Pre-TGE will be launched to help expand the team of developers to work on the project and further purchase in our marketing campaign for the upcoming TGE. The funds will help to finalize our prototype faster to be presented to all stakeholders. The funds will also help to fund the MYTC core development, even before the end of our TGE.
Our target for the pre-TGE is 1,500 ETH, and the hard cap is set to 5,000 ETH. If you want to be part of our preliminary token offering please subscribe on our website ( mytradetoken.io ), to receive notifications and updates about our crowd sale and project milestones. An email will be sent the 48 hours ( 2 days ) before the first day of the sale as a reminder. Our pre-TGE will start on 1st August ( Pre-TGE ) ending midnight 31st August Midnight ( GMT )
Remember the number of tokens for the pre-TGE is limited, once the hard cap is reached we will not be able to offer the tokens for the same price with the same level of bonus. At the start date we will provide the address of the pre-TGE contract on our website. Please make sure you send Ethereum token using your ERC20 wallets. Do not send any tokens directly from your exchange.

Pre-TGE Funds Allocation ( Pre-TGE )

Token Generation Event ( TGE )
The crowdsale will fund the initial development and adoption of the MYTC ecosystem and platform. TGE shall commence 1st September and will last 30 days or whenever the hard cap of 17,800 ЕТH is reached. The contract address will be announced at https://mytradetoken.io on the first day of the crowdsale.

TGE Budget Allocation

Road Map
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
Team
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Advisory Committee
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For more details about our ICO you can also visit our website address below from me and thank you :
WEBSITE : http://www.mytradetoken.io/
WHITEPAPER : https://www.mytradetoken.io/assets/MYTC_White_Paper.pdf
ANN THREAD : https://bitcointalk.org/index.php?topic=3424240.msg35766450#msg35766450
FACEBOOK : https://www.facebook.com/MyTradeToken/
TWITTER : https://twitter.com/mytradetoken
TELEGRAM : https://t.me/MYTCProject

Written by: shhade
My Bitcointalk Profile link :https://bitcointalk.org/index.php?action=profile;u=1995084

My ETH address :0x13FBb4b55f62aC70D6Cd24Be58Ee054945220578

6 years ago in #cryptocurrency by olamydey8 (36)

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