As announced on 26th September 2019, Max Property Group is conducting trading competitions as a part of phase II of the MPG token offering. From the 1st of October 2019 until the 29th of October 2019, traders of the MPG token on the trading platform, Probit, will be eligible to win prizes, as detailed below.
TRADING COMPETITION
The users with the highest trading volume will receive bonus tokens. The first prize will receive a property bond to the value of €1,000. This property bond represents €1,000 of property in Germany and receives 8% interest per year, or 2% per quarter, so the winner will actually receive a property investment and €80 per year, plus a profit share when the property portfolio is sold!!!
The next highest traders up to 50th place on the exchanges will be awarded MPG tokens. Subsequently, additional bonus tokens will be awarded to those who hold on to the token for a certain amount of time. Please see the full conditions below.
- First place: 1 MPD token (a €1,000 bond earning 8% fixed interest per year. Clearance Level 2 required on https://maxcrowdfund.com)
- Second place: 25,000 MPG
- Third place: 15,000 MPG
- Fourth place: 10,000 MPG
- Fifth place 7,500 MPG
- Places 6–10: 5,000 MPG
- Places 11–25: 2,500 MPG
- Places 26–100: 1,000 MPG
Conditions:
- For places 1 to 5 a minimum trading volume of 1,000,000 MPG applies and 1,000,000 MPG need to be in the account at the end of the competition and held there until the payment date
- For places 6–10 a minimum trading volume of 250,000 MPG applies and 250,000 MPG need to be in the account at the end of the competition and held there until the payment date
- For places 11–25 a minimum trading volume of 150,000 MPG applies and 150,000 MPG need to be in the account at the end of the competition and held there until the payment date
- For places 26–50 a minimum trading volume of 100,000 MPG applies and 100,000 MPG need to be in the account at the end of the competition and held there until the payment date
- Self-trading, or trading through a friend’s account means automatic disqualification
- The bonuses will be paid out 1 month (on the 30/11/2019) after the TRADING COMPETITION has finished
Background
Having completed a Seed Round, a PRE-ITO and ITO, and reaching the developmental milestones as a result, Max Property Group is now conducting phase II of its MPG token offering. An established company with a working product, close to 75,000 registered users, an integrated blockchain and the MPG token listed on various exchanges, this offering is lightyears away from an ITO based on an idea and whitepaper.
Phase II of the token offering is being boosted by trading competitions on the platforms that support the trade of the MPG token. To perform a transaction on the group’s property investment platform, Max Crowdfund, fees are charged in Euros but paid in MPG tokens. The MPG tokens used on the platform are instantly burned, thus diminishing their supply. The fees are charged in Euros in order to ensure transaction costs are stabilised in case the MPG token value were to increase dramatically as a result of its diminishing supply.
About MPG Tokens
The platform is now functional on the MPG blockchain, with the MPG token being used to pay for certain transactions such as creating a support ticket, voting for a charity and paying transactions fees when making an investment, in line with the company’s development roadmap. Additional transactions, such as creating fundraising projects (in the form of security tokens), will also soon be charged in MPG tokens, as soon as the development team has completed the integration step of adding assets to the MPG blockchain.
To participate in the trading competition, please go to https://www.probit.com
