We are in the era of innovation and innovations are full of surprises that we may have never thought about. Such an innovation is cryptocurrency, in easy words, it can be said as virtual currency. The name itself defines cryptocurrency or virtual currency that it does not require any physical currency rather it will need some coins to run the system it needs a blockchain network.

Plenty of blockchain networks are working day and night to provide the greatest services to their clients. Among them, Merculet is one of the best. They are making the cryptocurrency experience efficient and fluent and working on it for improving it every day.

MVP

Merculet issues tokens for their users and the token service is widely known as MVP. Basically, MVP is not like normal currency that can be issued by any individuals, entity, central bank or national, supra-national or quasi-national organization. It also cannot be backed by any hard assets or other credit. Whatever the circulation and trading of MVP on the market would be, the foundation company Magic Foundation Limited will be the responsible for pursues. MVP trading simply depends on the consensus among the value of relevant market participants.

For this, none is grateful to convert or purchase any MVP from the investors or the MVP holders. Also, there will be a guarantee of liquidity at the market price of MVP to any extent at any time. Therefore, the MVP holders might need to locate one or more willing buyers for purchasing the same mutually agreed price. Such attempt might be expensive and time-consuming. No cryptocurrency exchange on some other marketplace should have listed MVP for trading.

MVP Tokens

Initially, MVP generates ERC-20 tokens on Ethereum. It can be converted later on if it is necessary or advisable technologically. The tokens of cryptocurrency can be as native to the blockchain of Merculet by the launch. If the conversion occurs, then the MVP holders will perform it in accordance with the instruction of Magic Foundation Limited. Until the foreign conversion is done, the MVP holders might not have any access to Merculet’s functions or utilities

Merculet might be overseen by the regulatory authorities of various jurisdictions. The magic Foundation Limited will, therefore, receive all the queries, notices, warnings, and requests also the rulings from one or more regulatory authorities from time to time.

Third Party Tokens

Mercy let allows third-party tokens issuance to the owners of the “User Attention Tokens”. The issuance is only possible within the Merculet system along with the connection of the services or products offered by the third parties. These user tokens are not allowed for censorship. Also, they are not a subject of restriction, control, and pre-qualification or admission requirement.

Magic Foundation Limited does not have any intention or ability to act as a sensor to securitize and this may take to the extent of any User Attention Tokens within the Merculet. Some of the assured User Attention Tokens can be involved in fraudulent, misrepresentation, over-commitment, misleading publicity, default, misconduct issues. Whereas, other tokens may have flaws that are attributed to the relevant issuers but not in the Magic Foundation Limited. The regulatory authorities can be certain of jurisdiction and this will take place in administrative or in judicial actions against the issuers of the users of certain User Attention Tokens.

If any punishment or penalty, sanction, crackdown or some other regulatory authority effort made by the governmental authority may have more or less frighten or deter existing or potential users away from using Merculet and holding MVP. Consequently, it may bring materials adversely that will impact on the prospect of Merculet.

Tokens Trading

Cryptographic tokens can be traded in public markets. Prices can be extremely volatile and it can fluctuate over a shorter period of terms and frequently. This can be denominated in Bitcoin, Ether, Us Dollars or any other fiat currencies. Such fluctuation may lead to the market speculation, regulatory changes, technical innovations, availability of exchanges as well the objective factors.

This factor can change the balance of supplies and demand.

Merculet is making tokens available to its holder and therefore they are making things reasonable and making the system efficient because they want to make their customer satisfaction above everything.

Website : https://merculet.io/

Whitepaper : https://drive.google.com/file/d/1J49EDgvidOnUTG3EktoCeVVgpJ1ArjpY/view

My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1151313