MGC TOKEN technical explanation —— Issuance mechanism and distribution mechanism

MGC Token issuance mechanism and allocation mechanism
The digital currency MGCCoin, referred to as MGC, is the native encrypted digital token issued by the MGC. The first phase will be generated on Ethereum based on smart contracts. The second phase will be generated on its own and will be used as the sole underlying digital currency of the MGC public chain for settlement, trading, and smart contract performance.
A total of 600 million digital currency MGCs were issued, which were created by the BG-MF technical team at one time. The total amount of the MGC has been set and cannot be changed. The digital currency MGC is allocated to different holders according to certain rules and proportions. A certain proportion of MGC will raise funds for the right people in an appropriate way, for the bottom layer construction of the blockchain, product module development, application ecological layout, MGC The overall operation and maintenance of the public chain.

(number of tokens): 600,000,000 pieces
(Token distribution ratio): The US Foundation’s early operational development pays 0.46 billion MGC as
Reward and use as operating expenses for projects and foundations.
The Singapore Foundation provides maintenance, operations, strategic planning, and the issuance of 406 million MGCs as a return and maintenance expense.
BG-MF INVESTMENTS GP LIMITED’s pre-development costs, strategic investment costs, and the provision of technical teams to issue 90 million in return and later eco-applications.
Note: The tokens held by the above joint institutions (locked warehouse for 3 years)
The global market has a total circulation of 418 million as the MGC market circulation needs, private equity circulation, initial circulation, community promotion incentives, ATS income distribution, market consumption payment settlement and liquid operation.
(number of starts): 60,000,000 pieces
(first way): 5 ETHs participate in the launch
(issuance time): January 23, 2019