Token sale update, token distribution update and token allocation break down

Mycryptoview ICO came to an end on 31st October 2020. Unfortunately, it was best for us not to sale MCV tokens lower than the value of $30k. We allocated 270M MCV tokens for ICO including the tokens for sale via 2key network. We have decided to continue building the project we no outside funding until such time the project can generate revenue, in other words we are cancelling IEO and giving the tokens to Mycryptoview community members via staking and other incentive on the platform. However, some of the tokens will be allocated for project marketing and to the treasury. Please see token allocation summary below for break down allocation.

Token allocation summary

   Total supply:-  1 billion

   Contract address: https://etherscan.io/token/0x9F033897C1957AA11Ac18428c1f9f85985196b55

Platform token:- 250M (This is the token that will be used for incentive on the platform i.e creating reviews, asking questions providing answers etc please read our whitepaper for full details)

Community(beta phase/early adopter allocation):-  100M (The community allocation includes promotion(including providing liquidity when necessary), project/business account rewards, post rewards, referral program, bug bounty and polls funding. After public release, the following unused tokens will be burned: - referral program, post rewards, promotion, bug bounty, and polls funding.)

Team and founder:- 150M  

Team and founder lockup contract address:

https://etherscan.io/address/0x4ba26687076a6a6c118b1335b34ce8c9438f4cfc

The release structure is as follows:- 

• July 2021: 45M
• July 2022: 45M
• July 2023: 45M
• July 2024: 15M

Reserve: - 100M  

https://etherscan.io/address/0x892e205cc9f6a96e06b90a3fa4a74815b503121e

The release structure is as follows:-

• July 2022:- 40M
• July 2023:- 60M

We allocated 400M tokens for public and presale as per the details in our whitepaper. 

• 70M was allocated for sale via 2key network from the 200M unsold presale tokens.
• 130M for IEO out of the 200M unsold token
• 200M for public sale

The total of 400M tokens was unsold, 200M burned and, 70M  was unsold on 2key platform and 30M out of 70M burned.  The total of 230M was burned. We decided to come up with a new token allocation instead of burning the total of 400M. If we sold a decent amount of tokens, then we would have had enough money to keep funding the project without depending on any remaining unsold tokens. The new allocation is as follows:-

• 30M (Treasury token to be sold directly to advertisers for ads on the platform. We will not sale the tokens directly to any individual. Please do not contact us about Treasury tokens if you are not an advertiser.)
• 50M ( Marketing/promotion/giveaways after public release)
• 70M (distributed via staking- more details about the staking and the minimum tokens requirements coming soon)
• 20M (content validator/writer- more details and registrations  coming soon) Content writing on Mycyptoview would be different from regular review post, questions or blogging.

 Staking break down(TBC, break down is subjected to change)

               Year 1 – 17.5M

               Year 2 – 17.5M

               Year 3 – 17.5M

               Year 4 – 17.5M

Token distribution/burned tokens

Break down of the token used so far from the community allocation(early adopter allocation)

Total Token burned:-   230M 

https://etherscan.io/tx/0x176a5dc863bd4b66e1221148a038682a856126664db81cd808dceed64db74b96

 The amount that has been distributed to bounty hunters

• 2,417,145.885 MCV

Projects/business account(including crypto influencers account)

• 20M (Mycryptoview  account is verified/claimed. However, other projects/businesses haven't claim/verified their accounts yet)

Token allocation table  including lockup tokens, distributed tokens and burn tokens

                       M = Million

                      100M = Community Tokens 

Total         

No new tokens will be created after platform tokens is exhausted.

Exchange listing

We set initial price on uniswap on 31/10/2020

https://info.uniswap.org/pair/0x44f3d19613fd593c564a35837cbc20c6fe99dba7

phase 2 development

(advertisement dashboard, token holders get a cut of advertisement revenue and much more features)

I no longer want to hold MCV tokens, how do I remove it from my address?

Not everyone always wants to hold tokens for a long time, especially if there is a delay with listing on major exchanges. We have got you covered if you don't want to stick around with us for long. 

All you need to do is send your tokens to our farming contract address below.

0xbeC6bD3FB2d0EdA9bD0b3297Eca4bb91eCA1DB7D

Is the MCV token liquidity locked?

MCV token liquidity is locked in our farming contract(0xbeC6bD3FB2d0EdA9bD0b3297Eca4bb91eCA1DB7D), which means all the MCV rewards we earn from our LP are automatically burned. You can view the total amount of MCV rewards burned on our farming page https://mycryptoview.com/mcv/farm

Updated: December 2022

Staking allocation: 70M

Farming allocation: 70M

All community tokens go towards staking and farming allocations. 

Project and business account allocation amount reduction

2023 – 50% of the allocated amount

2024 – All unclaimed amount goes towards staking and farming allocations.

100% of the fees made from our tool in the first year goes into Liquidity and after the first year 30% goes into liquidity.

We are going to provide liquidity both on Pulsechain(after launch) and Ethereum.