We have decided to burn as many MPG tokens as are currently in circulation. That is nearly 40,000,000 MPG tokens or USD 1,000,000!!!
This is our way of thanking our early MPG tokens purchasers for their support.
Initially, we set aside 10% of the MPG tokens as Airdrop and Referral bonuses. We used a lot less than anticipated and after careful calculation of the budgets, we decided that it would a good idea to burn an equivalent amount of tokens as are in circulation.
We have tested the burning procedure by sending 100 MPG to the burn address, which has been specially created by Jelurida for the Max Property Group. More details about the burn address and how burning works can be found in this article. (This will also be reflected in the MPG token details page soon)
The official Ardor burn account is @ArdorBurnAccount and the wallet address is ARDOR-Q9KZ-74XD-WERK-CV6GB.
Check out the address here and change the “Transactions for” to MPG.
If you are going to do it, do it right!
We invite a maximum of 50 MPG tokens holders or Max Property Group investors to come to our LIVE BURN EVENT, which will be held in Rotterdam on the 12th of July.
Media representatives (both crypto and mainstream) will also be invited to attend the event and of course, publish what we are doing. We may even live to stream it from the office, but more details will follow about this.
The Crypto Community wants one thing and they hardly ever get it. TRANSPARENCY!
At MPG we believe in 100% transparency and for this reason, we have decided to divide all our tokens into wallets that are clearly identified. Distinct amounts of tokens have been transferred into these wallets, so you know exactly what we are spending and where it is going.
Moreover, if we do not spend a certain amount within the allocated time period, we will burn the remaining tokens!
* Example: Marketing 2019 — Q3 wallet contains 2,400,000 MPG tokens, if only 400,000 are used for marketing purposes, then 2000,000 will be burned at the end of Q3 2019.
(which will all be published on the MPG Rich List)
a. 14 BD Team wallets each containing 600.000 MPG tokens
b. 14 Marketing wallets each containing 2.400.000 MPG tokens
c. “Airdrop/Referral wallet” will be changed to “Registration/Referral Bonus wallet”; (each new user who registers on www.maxcrowfund.com and passes KYC Clearance Level 1 will continue to receive 25 MPG tokens)
d. Burn wallet, which will contain around 40,000,000 MPG tokens once the burn is finalized (during the live event in July)
e. 9 Seed Round participant wallets; each wallet will receive 5% of their MPG tokens on the 1st of July 2019 as per the lock-in period
f. 13 Equity Round wallets, each wallet will receive 5% of their MPG tokens on the 1st of July 2019 as per the lock-in period
g. Founders wallet, which will receive 5% of their MPG tokens on the 1st of July 2019 as per the lock-in period
h. Director wallets, each wallet will receive 5% of their MPG tokens on the 1st of July 2019 as per the lock-in period
i. Advisors/Team Member wallets, each wallet will receive 5% of their MPG tokens on the 1st of July 2019 as per the lock-in period
j. ITO PHASE II wallet, which will contain 50.000.000 MPG tokens. These will be offered from €0.10 when we start our ITO phase II (September 2019)
k. Optional ITO Phases wallet, which will contain 300.000.000 MPG tokens
Additional MPG token burns are forthcoming and these will be even BIGGER, but (yes there always is a but) some development and planning is required before our plans can be fully executed. We will of course keep you posted.