Open Source Protocol

The Mt Pelerin Bridge Protocol smart contracts are now published on GitHub.The published code covers the following topics:

The Mt Pelerin Bridge Protocol for compliant token lifecycle.

Mt Pelerin’s MPL token specifically, as a first application of the Bridge Protocol.

The MPL token sale contracts, which will serve as basis for many aspects of the MPLIP crowdsale.

Any token issued through Mt Pelerin (as core assets or on behalf of clients) will derive from the Mt Pelerin Bridge Token, starting with MPL and MPLIP tokens, following with fiat tokens, then gradually all other flavours of tokens on the Ethereum blockchain (for now — other technologies will follow as well).

The published code is the most basic expression of the protocol, but it already allows to comply with current regulation elegantly and in a scalable manner. Future regulatory needs, but also future operational requirements of tokens can be met by plugging new rules and claims to any token that follows our protocol. Moreover, the Bridge Protocol has a strong focus on the lifecycle of the token, making it immediately lifetime-compliant.

The Bridge Protocol currently supports:

Several methods of voting, without the use of cumbersome proxy tokens.

Dividend distribution, freezing of tokens (e.g. to facilitate swaps/upgrades).

Seizing of assets (upon court ruling only).

Conditional restriction of transferability on amounts (fixed and rolling period limits — AML pause thresholds).

Conditional rights (to vote, to dividends, etc).

Full support for KYC compliance and whitelisting.

The published code is fully commented and mostly self-explanatory for any trained developer. We have also included some non-technical explanatory notes here.

We also plan to open-source the legal document templates, which can be used as a turnkey solution to issue different types of security tokens legally and in compliance with Swiss laws and regulations. For any specific demand, do not hesitate to contact us and explain your needs. Our experts are there to assist you.

Please feel free to fork the code and explore its potential, make Pull Requests if you wish to contribute code, or open Issues to share comments or ideas for new features, and obviously any issue you may have found unless it is security related. In such a case, we ask you to follow Responsible Disclosure best practices and contact us first.

We encourage you to come and meet the team on our official Telegram channel if you would like to discuss any aspect of the Bridge Protocol with us and our growing community of passionate early adopters.

Explore on Github: https://github.com/MtPelerin/MtPelerin-protocol