MYTC, a decentralized trading/bartering platform, is all set to organise a Token Generation Event (TGE) on 1st September…
by Manoj Sharma for CNR
MYTC is a new platform that has harnessed blockchain technology with the goal of providing transparency in the current trading ecosystem. The platform primarily focuses on unifying medium and small businesspeople across the world to offer them an ecosystem to trade and compete for head-on with conglomerates.
The platform implies no centralised regulations to share the profit; therefore the merchants can earn whatever profit they make.
MYTC also aims at addressing the limitation of high exchange rates. The current exchange rates of most blockchain platforms vary from 5 to 6%, which are quite high for small traders. But with MYTC, the traders can exchange internationally with exchange rates varying from 0.5% to 1%.
“Our aim is to improve the existing trade/bartering landscape and address the significant problems it faces such as fraud transactions, privacy and inflated pricing, and high international and local transaction costs, through the use of disruptive technology; the blockchain”, say the MYTC Team.
In addition, MYTC will offer merchants a pro table to allow them to use inventory on a regular basis. The aim is to provide an intuitive, efficient and transparent trading platform while addressing the current trading platforms’ problems such as privacy and inflated pricing, local and high international transaction costs, fraud transactions, and such like.
By developing a blockchain technology based bartering/trading ecosystem, MYTC believes that it can provide small and medium enterprises with a platform that is transparent, secure, dynamic and completely unified.
The crowdsale will fund the initial development as well as the adoption of MYTC ecosystem. The Token Generation Event is all set for 1st September 2018 and will last 30 days or until the hard cap of 17, 800 ETH is reached.