Have you ever dreamed of using crypto currencies in your daily life, simply by paying with a regular credit card? Your dream can come true, with XCARD. They are creating a credit card, that connects fiat currencies and crypto assets in a real time, so you can store your assets and spend them as easy as never! XCARD ecosystem is based on their own utility token that is called MBM.
What is a utility token?
A utility token is referred to as a digital asset used in financing a network. How? By affording its buyers with an assurance of being able to consume some of the network’s products.
The major difference between this and coins like Bitcoin, Litecoin, and so on, is that they aren’t mineable. Plus, they are also based on a third-party blockchain. They are, however, valued based on their natural properties and functions.
These utility tokens are sometimes utilized as Initial Coin Offering (ICO). These ICO issuing company issues a specified quantity of tokens which are often sold to the community. This is often done at different prices and in several rounds.
When these tokens are issued, the owners are permitted to use the company’s products and are also granted privileges like being able to access them. This strategy helps the company to get access to funding.
Although a lot of utility tokens can be built on different blockchain platforms, many of the utility tokens are based and operated on Ethereum blockchain.
Introducing The MBM Utility Token.
MBM is a utility token that is based on Ethereum blockchain. Statistics have it that total supply of 1.8 billion MBM tokens has been effected so far. Out of this 1.8 billion, about 180 million is up for purchase through the ICO. The tokens that remain will then be blocked and released steadily into the market. MBM is also called a Mobilum token.
To ensure that no more than 20 percent of the supply of token is released, a smart contract will be used to automate the transactions. This utility token allows users to exchange cryptocurrency to any currency instantly in real-time. This utility token operates through a mobile wallet application called the Mobilum App.
Why It Is The Perfect Example?
As it has been earlier stated, the MBM utility token is ERC20 token that runs on Ethereum blockchain. Some of the reasons why MBM tokens are the perfect example of utility token:
• They Can Be Converted To Physical Cash
With the MBM, you’re given the freedom to spend your digital currencies from any available payment card, that is, either debit cards or credit cards. As soon as the digital currency is acquired, the MBM token gives you the freedom to convert them into fiat money. What you simply need to do is to store the token in your Mobilum wallet, this will afford you the chance to generate a link between your bank account (either debit or credit card) and your cryptocurrencies. On the Mobilum platform, you’re able to sanction the usage of cryptocurrency on anything, including paying bills.
• Companies who are want to give out loans to those who own digital currency in fiat currencies and collect cryptocurrencies as collateral can now use this utility token.
• Also, digital exchange platforms are now able to offer a modern, secure, and convenient digital wallet to its users.
To Wrap It Up
The token economy is an important aspect of the blockchain solution. The MBM is user-friendly, and any activity you carry out on the Mobilum has its own value. No other utility token serves you better.
Another amazing event has finally arrived! XCARD team has opened private presale of MBM tokens. You can participate and grab some MBM tokens for a great price. Hurry up, because right now you have an opportunity to get up to 30 percent bonus on your contribution and tons of other benefits! As soon as, the private presale will be closed, XCARD will hold an Initial Exchange Offering on solid exchange! To participate in private presale, you will need to follow this link and to paste this password: mbm. If you have any problems, you can contact XCARD support team in their Telegram channel. Best of luck to the early buyers!
For more detailed information about XCARD project, please visit following links:
Website: http://xcard.io
Whitepaper: https://xcard.io/static/XCard-Whitepaper-21082019.pdf
Telegram: https://t.me/mobilumcom
Twitter: https://twitter.com/xcardbymobilum
Facebook: https://www.facebook.com/mobilumcom/
Medium: https://medium.com/mobilumcom
Linkedin: https://www.linkedin.com/company/mobilumcom/
Instagram: https://www.instagram.com/mobilumcom/
Autor:
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