Token Information
Until the official launching of MDC Mainnet – an independent blockchain platform – MDC Token will be issued annually in the market through smart contracts under special regulations.
One billion MDC Tokens will be issued initially, and part of it will be distributed for R&D and Marketing purposes before development and application of the mainnet.
Name of TOKEN : MDC
Total : 1,000,000,000 MDC
- ■ Burning of MDC token : The burning of MDC tokens will be processed through a voting system among the MDC project operators, and the content will be announced through sources such as the official website– Burning, carrying-over, and designating remaining MDC tokens that were allotted for Liquid Provision, Marketing, and Team & Advisor
– Burning, carrying-over, and designating MDC tokens that were allotted for the ecosystem - ■ Freezing of MDC tokens : The MDC tokens may be frozen under the following conditions– Freezing of MDC token account due to implementation and violation of smart contract
– Freezing of MDC token account that was utilized for illegal plundering and crime-related activities - ■ Marketing coins are used for advertising, events, and partnerships, and may be consigned if necessary
- ■ Once MDC Chain launches, issued MDC tokens will be traded in with 1:1 ratio
- ■ Depending on MDC’s operational status, the total amount of MDC tokens and its distribution may be determined through a voting system among the operators, and the content will be announced on the website or other announcement boards
MOBILE APP
ECO SYSTEM
My Data Chain
The Process of MDC
MDC service user can utilize the MDC Dapp to agree with the collection of their location information data at certain intervals.
For the sake of data integrity, the location data collected with the user’s agreement will be collected and stored on blockchain network and will not be available for editing. The stored data, through a reward calculation algorithm, will provide the users with a certain amount of M.Cash once every hour.
For the transparency of the reward calculation algorithm, the MDC service will use blockchain technology for the calculation. The storing, rewarding, and calculation algorithm logic of the collected data will be executed using smart contract.
The rewarded M.Cash will be transferred to a user Dapp’s M.Cash wallet, and once the number of M.Cash is accumulated to a certain number, the M.Cash can be traded in for MDC Token, and the traded MDC Token will be transferred to a user Dapp’s MDC Token wallet.
In this process, by storing the collected data on blockchain network, MDC can ensure the reliability of its collected data as valued data.
TEAM
Liam Park
Former Coinbene Japan & Korea CEO
Nasdaq REDHAT Korea CEO
Marubeni Corp.
Nasdaq REDHAT Korea CEO
Marubeni Corp.
Myung Chul Lee
Chief of Blockchain Center
IBM Korea
IBM Korea
Min Jang
Ph.D Postech
AI Machine Learning & Data Mining
LG Electronics
AI Machine Learning & Data Mining
LG Electronics
Myung Seog Song
Korea Stock Exchange Director
Seoul National Univ. Computer Science
Seoul National Univ. Computer Science
Joo Phil Jeong
Samsung Electronics
Blockchain Today Publisher
Blockchain Today Publisher
Hideo Matsuoka
Teiyo,Inc.
Mirai Investment CEO
Mirai Investment CEO