I invested on this project on phase 20 in the first days of this month, and in less them a month the ICO that was scheduled to end of June already sold 86 phases of 100!
In resume the project aims to be the paypal of crypto, providing solution to payment using POS terminals and they already signed up an partnership with a company to provide this service starting in november in more them 30,000 cabs/taxis in UK and Scandinavia. Here all info i could find about the project!
ICO/Project Website: https://merchanttoken.org/?ref=YK5XR7MZ6
About HIPS Payment Group
HIPS Payment Group Ltd. is a provider of innovative and cost-effective e-commerce and mobile payment solutions. Built on cutting-edge technology, Hips is disrupting the finance industry with its Payment gateway for Point of Sale, e-commerce, and m-commerce, a fully integrated, digital financial commerce platform with full reconciliation and financing support.
HIPS Merchant Protocol (HMP), the Hips Merchant Protocol Gateway (HMP-gateway) and the governing Merchant Token (MTO) is a solution that introduces consumer protection concepts from the traditional card payment industry to any blockchain with support for smart contracts like Ethereum, Cardano (ADA) or Solana, which we believe is the missing piece for crypto payments to have a market penetration and acceptance among mainstream consumers.
HIPS Merchant Blockchain is the native blockchain for HMP and Merchant Coin (MEO), optimized for real-time Merchant transactions created for Payment Service Providers (PSP) and EFTPOS devices with full support for backward compatible financial protocols like ISO8583 enabling crypto payments in standard terminal messages, using the existing terminal, and card scheme infrastructures for crypto payments in Hips Merchant Blockchain.
Blockchain Platform: Ethereum | Country limitations: US, Canada | Registration country: Sweden | Registration year: 2020 | Office address: Strandgatan 1, Halmstad, Sweden
Public sales: Apr 01, 2021 - Jun 30, 2021 | Pre-sale token supply: 5,000,000 MTO | Token Supply for ICO: 50,000,000 MTO | Total tokens for sale: 55,000,000 MTO | Max Token supply: 100,000,000 MTO | Current Phase of ICO: 82 of 100 | Fully Diluted MC: $79,000,000 | Hard cap: 37,404,503 USD
Ticker: MTO | Type: Utility-token | Token standard: ERC20 | Current Token price in USD: 1 MTO = 1.01 USD | Accepted currencies: EUR, USD, GBP, SEK, NOK, JPY, CHF, AUD
Seed supporters - 8% - 10% unlocked after ICO / 90% over 2 years | Private-sale participants - 5% - 25% unlocked after ICO / 75% over 6 months | Team and advisors - 11% - 100% after 4 years from ICO | Strategic Partnerships - 13% - Tokens are released over a period no less than 48 months. Further details to be announced. | Strategic Ecosystem grant pool - 13% - Tokens are released over a period no less than 48 months. Further details to be announced. | Public-sale participants (ICO) - 50% - Tokens are locked until ICO ends / Unsold tokens will be burned
Merchant Token Roadmap
1 - Project Launched June 2020 - The Merchant Protocol Project was privatly Launched by Hips Payment Group
2 - Merchant Protocol Contract November 2020 - The first Merchant Protocol Contract was live in the Ethereum blockchain
3 - MasterCard Pay360 Conference 16 - 19 March 2021 - Announced the Hips Merchant Blockchain and Hips Merchant Protocol
4 - Launchpad ICO Start 1 April 2021 - Launchpad ICO Start
5- Announcing partnership April 2021 - Announcing the first big partnership
6 - Announcing partnership May 2021 - Announcing the second big partnership
7 - Launchpad ICO Ending 30 June 2021 - Ending the Launchpad ICO funding
8 - Exchange listing 12 July 2021 - Listing on Uniswap
9 - Announcing partnership July 2021 - Announcing the third big partnership
10 - Exchange listing 5 August 2021 - Major Asian Exchange listing
11 - Exchange listing 12 August 2021 - Major European Exchange listing
12 - Exchange listing 19 August 2021 - Major Global Exchange listing
13 - Launch of MPG Q4 2021 - The Merchant Payment Gateway and dispute central dApp goes live
Payment methods on ICO
- Coinbase using any Crypto (I suggest for lower fees to use Litecoin - LTC)- Buy using Visa or Mastercard- Bank Transfer
Compatible Mobile app and Tokens Wallets
Merchant Token (MTO) can be stored in all wallets supporting ERC20 tokens.
The price on ICO phases is going up $0.01 for each new phase reached, and the amount of each phase size is going to increase to provide strong resistance and not allow price going down when listed on exchanges. The tokens that are not selled up to 30 June will be burned.
Phase 1 to 22 - $100,000 each phase | Phase 23 to 52 - $250,000 each phase | Phase 53 to 94 - $500,000 each phase | Phase 94 to 99 - $1,000,000 each phase | Phase 100 - $1.704.503
ICO Launchpad / Project Website: https://launchpad.merchanttoken.org/