Following a successful initial six months of SINEGY-OTC, an over-the-counter trading desk which had more than USD 16 million worth of digital asset transactions for more than 400 clients, SINEGY is now introducing its flagship product - Marketplace.
Marketplace went live for beta testing in late August, and has over 550 account signups.
Our centralized exchange platform will enable traders to purchase major crypto pairings of BTC, ETH and XRP with both fiat and our own MKTP token after its public launch in November - Malaysia’s first Initial Exchange Offering.
The platform will eventually grow to include listings of functional and legitimate projects, as well as those with an existing Malaysian demand (e.g. XLM, XEM, STEEM etc.)
Marketplace pays a commission (0.25%) to traders for posting orders while traders matching posted orders pay a very competitive fee (0.5%).
FACTS & FIGURES
TOTAL CIRCULATING SUPPLY
Token Type: ERC-223 based on the Ethereum Blockchain
UNSOLD TOKENS TO BE SOLD ON SINEGY MARKETPLACE AT PERVAILING MARKET PRICES. PRICES DETERMINED BY MARKET DEMAND AND AVAILABLE SUPPLY.
·As per stated, the total MKTP tokens created are 70,000,000 units. However only 5,000,000 units will be issued for public circulation.
· The remaining balance of 65,000,000 will be kept for future sale, contingent on the Company's expansion plans.
· The public address of the wallet for the 65,000,000 will be disclosed to the public for general auditing purposes. In the future event that SINEGY intends to sell a portion of the 65,000,000 MKTP tokens, existing token holders will have the Rights of Firt Offer at USD $1 per MKTP token.
TRADING FEE DISCOUNT
PAY ONLY 0.003% TRADING FEE BY
USING MKTP TOKEN.
PAYMENT METHOD FOR LISTING FEES
SINEGY ONLY ACCEPTS MKTP TOKEN
AS PAYMENT FOR LISTING FEES.
Based on the sales of 3.6 Million MKTP Tokens
FOR PRIVATE AND PUBLIC SALE
Development of IT infrastructure, talent acquisition, exchange liquidity, legal expenses, external partnerships and marketing.
Distributed as performance incentives in a 'Token Based Compensation Plan’. Tokens disbursed to SINEGY employees will be subject to a 6-month lock up period.
HOW TO PARTICIPATE?
MKTP TOKENS (FAQ)
The MKTP token is a utility token based on the ERC-223 standard and is the token being offered for the IEO by the Marketplace’s platform.
You can refer to our whitepaper here for more detailed information.
It is an exchange platform that utilizes a cross-order book model. It is a hybrid between a peer-to-peer platform such as Localbitcoins and a centralized exchange such as Bitstamp, and it allows order pairs between any fiat/crypto and crypto/crypto currencies. Kindly refer to our whitepaper here for more details.
1) Benefit from one of the lowest trading fees in the world when trading with MKTP tokens. Taker Fee: 0.003% (normally 0.50%).
2) Purchasing MKTP tokens are required to list a token or Coin on Marketplace.
3) Support SINEGY’s mission to build the best exchange for Malaysian traders For more details, please refer to section 13.1 of the whitepaper here.
You can directly view the MKTP token on the blockchain (Thus proving that it is an actual publicly available cryptocurrency and not a privately controlled token by a single company that can disappear overnight). Here’s a link to check it: MKTP token on Etherscan.io.
To give early adopters a chance to purchase MKTP tokens at a discounted price before the full token sale.
October 8th, 2018.
You can store into any Ethereum wallet that supports ERC-223 token standards. Note: Almost all ERC-20 compatible wallets can accept ERC-223 tokens (MKTP is an ERC-223 token) as well. Alternatively, you can store it in your account on Marketplace.
Hard cap: 3,600,000
There is no soft cap.
3,600,000 tokens will be made available during the public token sale.
5,000,000 tokens will be in public circulation.
70,000,000 tokens has been created in total, but 65,000,000 will be kept for future sales, contingent on the company’s future expansion plans.
We will reveal the public key of the wallet holding the remaining 65 million MKTP tokens. The public is welcome to audit this at any time.
Here’s the link to the wallet: MKTP Unutilized token Wallet.