Sunday 7 April 2019

MPCX Platform - The future of Digital Crypto Wealth Management



Blockchains are gaining attention as a new platform technology for financial transactions, offering the benefits of lower intermediation costs with more transaction impartiality and transparency. Their use as a financial transaction platform has the possibility not only to bring about changes in the business models of existing financial services, but also to create new financial services and businesses.

The benefits of blockchains for financial transactions and operations are listed below.

1. Reduced intermediation costs


Since blockchains enable impartial transaction execution without a designated intermediary, they can achieve major reductions in intermediation costs and faster execution of transactions. Taking advantage of this feature enables cheaper and faster international remittances, and small-value transactions (micropayments) that would not
be worth the commission costs when using conventional methods.

2. Greater transaction impartiality and efficiency


Blockchains leave the transaction details as an unfalsifiable record, improving transaction reliability. Blockchains can also be used with technologies called smart contracts and multisig to enable contract procedures involving multiple stakeholders to be processed impartially according to the transaction status. Smart contracts record the execution conditions in the transaction details, and multisig adds multiple electronic signatures to the transaction details. This feature enables more impartial and efficient processing of trade finance and syndicate loan operations that are conventionally done manually on the basis of contract documents.

3. Improved transaction transparency


Since unfalsifiable transaction records are shared openly, this leads to the prevention of improper transactions and the improvement of market transparency. In addition, using blockchains as an information-sharing platform among a company’s multiple sites, group companies, or industry bodies, leads to the speeding up of information-sharing and the prevention of discrepancies. Taking advantage of this feature enables the reduction of audit costs, the monitoring of improper transactions, and the rapid sharing of know your customer (KYC), anti- money laundering (AML), and customer identification program (CIP) information.

MPCX blockchain driven financial services platform


MPCX is a Digital blockchain driven financial services platform for crypto investors. It aim is to aggregate all crypto financial services in one place. MPCX is designed to service entities’ and individual’s needs in the areas of digital wealth management, cryptocurrency exchange and trading, digital banking, crypto research and ICO promotion, and crypto lending.

MPCX proposes to create a solution for all the needs of investors. Thus, the development of the MPCX Platform will have implemented the following ecosystem:

  • Fully digital client onboarding to reduce costs and provide clients' with a friendly services.
  • Digital cryptocurrency exchange for the top 100 cryptocurrencies by market cap.
  • Crypto payments, transactions and banking solutions.
  • Custody and wallet solutions to provide secure safekeeping of clients’ funds.
  • Three crypt o investable indices, crypt o AI fund, crypto ETN’s, ICO’s.
  • MPCX Trading Solutions will offer full access to the product platform, arbitrage system, a trading terminal and reporting.
  • A digital wealth management platform will offer roboadvisory through its "Digital Smart Investment Mandate" which will deliver automatic portfolio rebalancing, crypto lending strategies and reporting.
  • MPCX 's ICO promotion and research platform, will offer the two level access to ICOs with full industry coverage.
  • MPCX's crypto lending platform which include borrower scoring and match loans with lenders potential


MPCX Token (XDMC) detail and usage


Powering MPCX ecosystem is XDMC token. The XDMC Token will be the functional tool on the MPCX Platform. XDMC Tokens will be used to pay for the services inside the platform. Once the XDMC Token becomes liquid and popular, it will be used as the internal currency for MPCX banking services.

The total token supply is 999,950,416 tokens. The XDMC token can be purchased during the ICO. The initial price of 1 XDMC = 0.0002338 ETH. In total, for the further development of MPCX developers intend to collect in the course of public sales of 12,500 ETH. The token and the fund raised will be distributed in the following manners:

The MPCX Team overview


MPCX members of the team include Iurii Riabykin, CFA, MCSI (Founder & CEO), an experience in equity markets and private wealth management. There’s also Phil Millo (Founder & Director), an experience in both the technology and financial industries. Other key members include Alex Kozak (Chief Legal Officer), Kirill Redin (Chief Information Officer), Andrew Shishkin (Head of Development), and Md. Sadek Ferdous, PhD (Chief Technical Advisor)

Full details about the team and its network of developers, blockchain technologists, and advisors can be seen on their website.

Author:


Bitcointalk Username: brotherhood12
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2049688
ETH Address: 0xe7cbfaFdb7371CF7211A6Ba6d0d46e6175728ab2

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