Money Versum Announces New IEO Equity Token in April

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Budapest, Hungary, April 26, 2022 (GLOBE NEWSWIRE) — The project centers around a new centralized exchange, with a token coming soon after pre-sale and IEO operations.

The token and the next IEO

The MYV token will soon make its market debut via an initial exchange offering (IEO), which will last for one week (from April 27 to May 2).

Through a staking algorithm, the token provides future passive income to individuals who purchase it. The team plans to integrate MYV into a casino-like platform belonging to its ecosystem.

Additionally, the community will be able to use the token on Money Versum’s NFT marketplace, and the same will be for the centralized exchange the team will launch soon.

Each month, clients who own 0.5% (or more) of the tokens are guaranteed by the team a 30% reduction in exchange turnover.

In terms of token allocation, we have 40% of the funds going towards the staking mechanism and other rewards for the community. Another significant portion (35%) goes to public ICO, while the remaining tokens are split between private/presale (15%) and platform integration (10%).

The project ecosystem

The project ecosystem mainly consists of four pillars, as we explain below:

  • The MYV token will contain all the details and utilities that we explained in the previous sections.
  • A crypto exchange, labeled Newchange.io, represents the first such experiment in Hungary.
  • An NFT marketplace, available on Nftmyst.com, will allow users to mint and trade NFTs.
  • A clothing brand (“New Chance”) will consist of several products bearing the distinctive logo of the project.

Newchange.io will be the heart of the Money Versum project, and it will have a low fee for both sides of the market (maker or taker) set at 0.095%. The portal will charge a cost of 1.5% for each withdrawal, while depositing funds into the portal will be completely free.

The figures mentioned above may vary for custom tokens, but it is already clear that the fees designed by the team are very competitive in this market. Consider, for example, the 0.1% fee for maker and taker trades demanded by Binance. If we wanted to cite another case, we could think of Coinbase and its taker fee of 0.25% (including 0.15% on the maker side) for the first level of trading.

The project also aims to launch SEPA transfers by the end of spring, while it will make a VISA card available to its customers by the end of the third quarter.

About MoneyVersum

Money Versum is a new blockchain start-up born in Hungary with the ambition to reach the global market following a roadmap that started in 2021 and already has several milestones planned for the next months until 2023.

The team will soon announce details about the upcoming IEO, which is a vital step in bringing Money Versum to crypto enthusiasts. The team uses its website and social media accounts (details below) to make important announcements to its growing community.

IEO | Twitter | Telegram | Discord


        
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