Merculet works by maximizing the value of the internet by becoming the eventual solution. The explanation can be applied to the concentration of users towards the development of their enterprises. Merculet deals with the cryptocurrency like the other blockchain network providers do. Merculet has been working since 2017 after the establishment in Singapore by a non-profit legal entity named Magic Foundation Limited.
The organization is committed to advocate and promote the transparent development and management of Merculet for building a safe and harmonious open community.ERC20 is the component of Ethereum that has been serving to the users of Merculet blockchain. They have multiple options for speculation as they discharge the tokens and users are appreciative of purchasing tokens and making some investments through it. The issuance system of token is called MVP. It has distributed tokens in such a way that makes it identically different from all the other cryptocurrency token providers.
Team
The Merculet team will occupy 88% of the MVP tokens. It is the biggest strength of the team, advisors, and sponsors. The CEO and the CTO of Merculet are renowned tech entrepreneurs from China and has already headed the Chinese offices of international businesses like HP and SAP. This can be accepted as a plus point to the blockchain network as the advisors have the range from academics, VC of Fenbushi and blockchain companies or NEO. Both of them have made a partnership with the internet-based enterprise for Elex and Solo Ads and it is the key to the products.
Chaind Metrics
Merculet has currently obtained 68% on the Chaind metrics. This worth by the consideration of the obtained grade regardless of the lack of MVP. Merculet has already taken attempts in the conversion of attention on the internet towards the token involving parties such as users and corporate who can precisely quantify it. Even though the project has been launched the MVP tokens, it is still receiving immense attention from its investors. This comes to happen on the scale of the project and a stronger team that the advisors and sponsors by the support of it.
The monetary value of attention needs the blockchain technology that transfers the value from the user to entrepreneurs devoid of the intervention of intermediaries like Google which is making the project indeed significance looking at it. The tokenomics is not favorable for the investors. It enables free floating enabling 30% of the supply. The Merculet team is taking some cautious measure like dripping out the pre-sale investments, the disclosure of bonuses, and 2 years of lock for the team and partners. By the launch of products that are due in 2019 for the tokens that have been utilized. By the stronger support from the blockchain individuals, they will be capable of the team that might worth keeping an eye on.
Token Metrics
The token matrix of Merculet is determined. It serves ERC20 which is Ethereum cryptocurrency. The price of ICO is 0.00571 ETH. It is basically the 1 ETH is equilibrium for 70,000 MVP. It occupies 37,000 ETH for hardcaps and the total supply for PCH is 10,000,000,000. There will 35 circulation for this and the tokens will be released right after the crowdsale. There will 30% tokens for the ICO, 20% for the team and early contributors, 35% for the foundation and the rest 15% for the marketing department.
Funding
The 100% funding of the tokens can be distributed in a formulation. The hard cap is at 37,000ETH. It is quite reasonable according to the size and shape of the project. It has some transparency with the funding that rounds up with some explicit bonuses of pre-sale and public sale rounds.
This locks up in a five months period for 20% every month and this will be taken positively by the investors. The investors will be friendly enough to lock up for the team partners. The period of vesting is basically for the team for 2 years followed by 8 quarters where 1/8 quarter will be the measurement into the quarters. The usage of the funding has been designed fairly with 55% of the funds. It has been raised and allocates to the developments of the product.
Merculet has made up all the possible specification in order to make it fair to everyone and to keep the transparency. Therefore, it has published the distribution of tokens as well.
Website : https://merculet.io/
Whitepaper: https://drive.google.com/file/d/1J49EDgvidOnUTG3EktoCeVVgpJ1ArjpY/view
Profile : https://bitcointalk.org/index.php?action=profile;u=1267200