Mercato is a cryptocurrency exchange that wants to revolutionize the way people access the financial markets, harness the wisdom of the crowd and identify the best investment opportunities.
*The exact date will be announced soon.
The purpose of the MRC token is to pay for services on the Mercato platform. MRC is not backed by real assets and doesn’t grant their holders any dividends. The MRC token has several uses within the platform:
• Platform fees: Users can use the MRC token to pay for fees on our platform (trading, withdrawal, margin, coin listing etc).
• Social trading: The MRC token empowers its holders to perform social trading. With MRC tokens, users can pay other traders, to copy their trades.
• Rewards: Users will be awarded MRC token when they perfrom actions that add value to the ecosystem, like publishing their trades or rating the performance of other traders. Also, users that make purchases using the Mercato Card will be rewarded with MRC tokens.
MRC is a utility token, thus, no price predictions can be made. The value of the MRC token is based purely on its use cases and distribution.
• SImple Interface A simple and intuitive user Interface to manage any digital asset.
• Social trading: Incentivize users to publish and copy trades.
• Discount on fees: When users pay for fees using MRC tokens, they will receive significant discounts, starting at 50%.
Token Repurchase plan: Every quarter, we will use 5% of our profits to buy back MRC tokens and destroy them, until we purchase 25% of all the MRC tokens in circulation.
• Other use cases: We are developing a Partner API, that will allow potential partners the use of our tools and token.
The token sale will be divided in three stages: private placment, pre-sale and the main token sale. Unsold tokens from any stage will carry over to the next. To participate in the token sale, backers will have to download our iOS or Android app, completed the KYC process and use the Mercato app to send BTC, ETH or fiat currency.
There will be a total of 1,000,000,000 MRC tokens. This is the final number of tokens, and it will never increase.
The funds raised during the ICO will be used to add more features and tools to the platform, drive user adoption and ensure compliance in the juridstictions we operate.