Million Token today announced the establishment of the Million Token Foundation. This milestone is an important step for the Millions of tokens community in its mission to establish itself as a long-term social store of value.
Social tokens will revolutionize industries
RealVision CEO and former Goldman Sachs executive Raoul Pal continued Rebel podcast in July 2021 about this emerging cryptocurrency industry. He commented on how “he’s made some macro bets on the future of where this is all going, including communities and social tokens.” According to Pal, the companies will focus their efforts on communities in the near future.
y will guide their value systems through social tokens and take advantage of the network effects of those systems. He used Disney as an example in that podcast to demonstrate how cryptocurrency can disrupt that business and bring them more direct relationships with their fans and the community.
Let’s say you’re Disney, how many fans does Disney have? … One billion people, maybe two, maybe three? »
“That token becomes the currency of the Disney world. Build an entire economy around Disney. If the community becomes more precious… culture becomes a resource in which it can be invested ”.
Raul Pal also pointed out that the social token industry will go from a billion dollar business to a trillion dollar business in the next five to ten years.
Million Token is a fixed supply decentralized digital currency launched in early July 2021 by Patrick Shyu, commonly known as TechLead. In the two weeks after its launch, an energetic community quickly formed around it, which quickly grew into a successful social token overseen by Million Token Foundation. Since the foundation was established, TechLead has become a consultant and investor in Million Token.
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foundation was created with the following objectives:
- Community support is provided through development and advocacy.
- Monitor financial transactions in and out of the community wallet.
- Adoption and collaboration within the community.
- A roadmap and a government dedicated to the growth of Million Token.
“Million Token took everyone by surprise and I am excited to see that there will be a team dedicated to community safety and strategic growth,” said Carlos A. Vázquez, Million Token Leader Lion. “With the current growth rate, this was the next logical step.”
This news comes from many recent initiatives and accomplishments by the community and this foundation, including:
- Community portfolio anyone can contribute to, for development and marketing.
- Discord Ideas Community / Suggestion Box process, approved ideas are tracked on a public Trello Notice Board
- Successful NFT Campaigns and Promotions from Community Artists
- Automated e-commerce solution to enable businesses to accept millions of tokens
- Available in 8 control units (2 central and 6 decentralized)
- In 2 weeks, achieving a market capitalization of 240 million
- Less than 2 months, reaching more than 18,000 owners
- Available on Binance Smart Chain through a BSC network integration
- Association with AnySwap
- Successfully passed a Certik Audit
“Our most valuable asset is the Million community.” – TechLead. For more information on Million Token Foundation, visit the website.
Around millions of tokens
Million Token is a decentralized ERC-20 smart contract on the Ethereum blockchain validated by millions of computers around the world. total supply of tokens available on the Million platform is precisely one million tokens.
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re is no way to generate multiple tokens because the technology does not allow it. All available tokens are currently in circulation, no mining is required, and they are environmentally friendly compared to other limited supply cryptocurrencies (eg Bitcoin).
Million Token is a deflationary token by nature, starting with a row of USDC 1.00 per token, and its value increases over time as scarcity increases.
token can be used as a store of value and as a transaction method and can also be transferred in fractional amounts, allowing it to be used for microtransactions. Microtransactions can be performed to up to 18 decimal places.
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