UPDATED on August 13, 2019
Thanks to @tax79 here is his article on MCTP another exit SCAM
https://steemit.com/mct/@tax79/mct-exit-scam
My Crypto Trade. Buy and sell alt coins directly while skipping the need for BTC. MCTP is a P2P (Peer to Peer) trading platform. It's not an exchange. MCTP has zero fees for deposit and/or withdrawals. Network fees apply as usual.
The one year anniversary is approaching us at the time of this article as the genesis block was created on May 27, 2018 @23:32:30. MCT coin started as a POW/MN coin with the Lyra2z algorithm. Then at block 269k, the team switched the ticker from MCT to MCTP along with a change from POW/MN to POS, along with an aggressive coin halving schedule. This was all done with the addition of a new wallet. The wallet was coded for the swap.
Proof Of Work is a piece of data which is difficult (costly, time-consuming) to produce but easy for others to verify and which satisfies certain requirements. The main working principles behind POW is a complicated mathematical puzzle and a possibility to easily prove the solution. Algorithms are used to confirm transactions by the miners and produce new blocks to the chain. With PoW, miners compete against each other to complete transactions on the network and get rewarded.
Proof Of Stake is a type of algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. In POS based cryptocurrencies the creator of the next block is chosen via various combinations of random selection and wealth or age.
On March 15 2019, the MCTP team implemented the 1st stage of revenue sharing. The distribution is as follows; 30% community, 15% Investors and 55% to Company and Team. Community is anyone that has a minimum of 15k MCTP on the platform. Investors paid extra for Elite Masternode Program. A minimum of 15k MCTP needs to be on the platform for revenue sharing. Phase II you will have your MCTP in your wallet instead of on the platform. For now the payout interval is around 24 hours.
To start trading you need to setup an account, then deposit your cypto coins to the MCTP platform and start trading. As of this article, April 5, 2019, there is a flat 2% trading fee.
My favorite trading feature on the platform has to be partial trades. A partial trade is a trade executed where some but not all of a trade order is filled at the desired price.
MCTP has integrated escrow services. There are two ways to handle the presale over the My Crypto Trade Platform:
FREE Presale: The Crypto Coin is marked as “presale” in the wallet page over the duration of the presale and everyone can trade the presale coins.
FUNDED PRESALE: During the presale of a funded presale coin, the coin is marked as “presale” in the wallet page and trading is temporarily disabled for the community. Trades from the funded presale coin are placed on the platform and can be traded as usual.
New Ticker: MCTP
Supply CAP: 15,000,000 MCTP
Minimum Needed for Revenue Sharing collateral: 15,000 MCTP
Block reward time: 60 Seconds
Block reward halving: the total rewards will decrease as follows from block 269,000
• 8 MCTP (Block 269,000 to 348,200)
• 4 MCTP (Block 348,201 to 456201)
• 2 MCTP (Block 456,202 to 600,202)
• 1 MCTP (Block 600,203 to 765,828)
Trade and spread the word about MCTP.
LINKS
https://mct.plus/
https://discord.gg/W9zdtuY
https://twitter.com/mctplus
https://www.facebook.com/MCTPlusTradingPlatform
https://medium.com/@MCTP
https://github.com/mctsystem/mctp-pos/releases/
https://explorer.mct.plus/
