MEGA tokens are public blockchain tokens issued by Megapro Corporation. Funded by its founders, Megapro has no immediate needs to raise capital so no Initial Coin Offering (ICO) will be launched. Megapro Corporation will not sell any MEGA tokens at public crypto exchanges. MEGA tokens will be primary used to reward Megapro Mentors, MegaGurus and Megapro partners for their contributions to Megapro’s business operations. Megapro mentors, MegaGurus and Megapro partners can sell their MEGA tokens on public crypto exchanges at anytime. MEGA tokens can be used by Megapro customers to purchase Megapro services and to receive discounts for Megapro services. While there are similarities between Bitcoin and MEGA token, there are also many differences between the two. The most significant difference is that Bitcoin is a Proof Of Work (POW) type cryptocurrency, while MEGA token makes use of a Proof Of Stake (POS) approach to reach consensus. This encourages honesty and long term participation. We strive to generate steady demands of META tokens from consumption, not from short term market speculations.
What makes the MEGA token special?
* MEGA tokens can be used to buy services or receive discounts for services at Megapro.com. For some Megapro services, you will receive an increasing discount rate based on the quantity of MEGA tokens you have. We will be continuously adding new services to attract more customers and generate more demand for MEGA tokens. Such demands for MEGA tokens are from regular customers, not from short term market speculators.
* MEGA tokens can be used to improve rankings at Megapro.com. New feature requests, blog posts and forum questions will be ranked by all MEGA tokens voted for the topics (including your own MEGA token holdings). The more MEGA tokens you have, the higher the ranking will be for your feature requests and forum questions.
* Utilizing blockchain’s Proof of Stake (POS) model, MEGA tokens have “stakes” in Megapro business in the following ways:
1. Megapro business decisions, for example funding new projects, will be decided by MEGA token holders’ votes. Each token represents one vote.
2. MEGA token holders will share Megapro business profits. Shared profits will be used to buyback MEGA tokens. The buyback price will be determined by Megapro revenue and profit level.
Megapro business revenues will be from quantitative trading service fees, investment service sales, membership fees, and advertising incomes. These revenues are generated by our worldwide Megapro mentors, MegaGurus and Megapro partners.
* The total number of MEGA tokens that can be issued is permanently capped at 1 Billion. MEGA tokens can be traded on public cryptocurrency exchange(s) such as BitShares DEX. Customers can buy MEGA tokens at public cryptocurrency exchange(s). Megapro Mentors, MegaGurus and Megapro partners can sell their MEGA tokens at public cryptocurrency exchange(s).
Disclaimer: Megapro’s MEGA token pages are intended for informational purposes only. It is not intended to be investment advice, solicitation of any kind nor an endorsement. Any decisions or actions taken on the basis of information presented in this website or other content is done at your own risk and discretion. Upon taking action on the basis of information presented in this website or other content produced by Megapro, you confirm that: (a) This website or any other material produced by Megapro is not an offering, solicitation or prospectus of any kind. (b) Megapro is exempted from any direct or indirect liability to the maximum extent of the law. (c) You have a good understanding of the key components of blockchain technology and understand how blockchains operate. In addition, you fully understand how to use blockchain wallets, including safeguarding private keys. (d) You are aware of risks in the crypto currency industry and are able to bear potential losses in full.