The public sale (IEO ) have been conducted on April 3rd, 2019 at 22:00:00 UTC+8 on the KuCoin Spotlight platform.

Metrics

IEO Hard Cap: 3,6 million USD.

Offered % of tokens for sale: IEO on KuCoin will offer 600 million MTV (6% of the total supply), 1 MTV = 0.006 USD, KuCoin Shares within the limits of 180 to 3600 USD equivalent on one account are accepted (KYC is mandatory), the rate for KCS will be announced on the sale’s day, FCFS.

Private round: 10,21%, 1 MTV = 0,008 USD, the vesting will start from the 4th month after the IEO and last nine months.

Seed round: 8,95%, 1 MTV = 0,005 USD, the vesting will start from the 4th month after the IEO and last 12 months.

Valuation of the last round of sales: 60 million USD.

Valuation of the initial circulation: 5,88 million USD.

Team

The team is quite large and skilled: 5 Ph.D.s in computer science and mathematics. All of the team members have experience working in large and prominent companies. The project’s advisors are also top-tier and occupy senior-level positions in leading enterprises. Among the project’s investors, there is the well-known NGC, and there is also a JRR Crypto fund that has Binance in its portfolio.