The MYTC Network only uses the blockchain for mission-critical data.

tredwater2018 (25)in #center • 6 years ago

The fundamental philosophy of MYTC is it’s balanced/correct use of blockchain. The MYTC Network only uses the blockchain for mission-critical data, such as accomplished conversion goals* and payments. That way, it eliminates the opportunities for fraud and lack of transparency when it comes to the critical events; this, in its turn, removes the incentive to manipulate statistics, which will be kept off-chain to allow for bigger
volumes of analytics data.

everyone knows, MYTC is an ERC20 token based on Ethereum, a blockchain-based distributed platform. Ethereum uses smart contracts that run on a distributed public ledger, therefore ensuring their result is always consistent, transparent and cannot be manipulated. Smart contracts permit trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system, or external enforcement mechanism. Ethereum is open-source and adopted by institutions like JP Morgan, Deloitte, IBM, Santander Bank, Microsoft, the Luxembourg Stock Exchange and Toyota.

Important features:

Decentralized application : Enable members to trade locally, nationally and internationally with each other in a cashless society with the comfort that all trades are transparent and secure using immutable smart contracts.
Low exchange rates : Enjoy extremely low exchange rates compared to existing platforms. Current exchanges charge approximately 5%-6% per transactions. Our platform will propose a charge of only 0.5% -1% per transaction.
Gain New Customers : Gain potential new customers by opening new markets with other members from other platforms. Every new customer brought to you by the My Trade Token community brings new income on top of what you’re already receiving, which will help to increase your profit margins.
Improve Your Cash Flow : My Trade Token adds another dimension to your enterprise by giving you the freedom to accept barter/ trade dollars to attract new customers and increase your sales. You will also have more money to operate, expand and invest back in the business.
Move Excess Stock : My Trade Token is the easiest way to sell your excess or slow-moving stock without heavy discounting. If your business experiences seasonal markets, barter/trade provides a pro table way to use the inventory on a regular basis.
Widen you options : Pay for goods and services with another form of currency, which is accepted by multiple merchants and users across the globe.
Control your risks: Holding onto MYTC Tokens you will be able to purchase real goods and services and assets, which are backed by members and users within the MYTC, ecosystem. You will avoid inflation and stagflation of your MYTC Tokens.
Deals : Take advantage of latest deals being offered by trading members locally, nationally and globally.
Offer new payment methods : option to get paid in MYTC Tokens for services and jobs completed.