MyntExchange, MyntPay, and MyntCoin: Usage and Inner Workings
MyntExchange is a blockchain based exchange platform that focuses on offering tokenized securities. MyntPay is the native currency of the platform, and it serves as a medium of exchange and unit of accounting for all security tokens listed on the exchange. MyntCoin, on the other hand, is an indexed fund token that tracks the value of all security tokens listed on the exchange.
MyntExchange
MyntExchange offers a platform for private, unlisted companies to tokenize their securities and list them on the exchange. These tokenized securities can be easily traded and transferred on the platform, just like any other cryptocurrency. One of the main advantages of tokenized securities on MyntExchange is transparency, as the ownership and transaction history of each token is recorded on a blockchain.
MyntPay
MyntPay is the utility token of the MyntExchange and, as the life blood of the MyntEcosystem, has several different use cases. As the utility token, it provides a Unit of Accounting and Medium of Exchange for all security tokens listed on the MyntExchange, and, over the long term, aims to become the go-to medium source of payment in the universe.
MyntCoin
MyntCoin is an Index Fund token designed to provide investors with a simple and straight forward way to gain exposure to the performance of companies listed on the MyntExchange and access to dividends. Companies listing on the MyntExchange platform agree to swap 2% of securities to be tokenized in an exchange for MyntCoin the Indexed fund security token with 20% load on Myntcoin’s value in this one time Swap. The 20% is instantly avalibe for MyntExchange platform users to trade. Myntcoin swapped is on a one year hold from swap date to ensure a constant and upward growth of the index fund token.MyntCoin idealism as a cryptocurrency, symbolizes the incredible potential of digital assets to make a difference. It is not merely a securities token but is a symbol of the potential of digital assets to revolutionize the way we live and work.
Companies that list on the MyntExchange platform can swap 2% of their securities to be tokenized in an exchange for MyntCoin, the indexed fund security token with a 20% load on MyntCoin's value in this one-time swap. The 20% is instantly available for MyntExchange platform users to trade. The MyntCoin swapped is on a one-year hold from the swap date to ensure a constant and upward growth of the index fund token. By swapping their securities for MyntCoin, companies can gain exposure to the performance of the underlying companies listed on the MyntExchange and access to dividends paid out to shareholders. Additionally, companies can offer MyntPay as a means of payment for their customers, which can help to increase adoption of their products or services.
Listing on MyntExchange does not hinder companies from seeking funding elsewhere, in fact, it is encouraged. MyntExchange provides a unique investment opportunity for companies seeking to raise capital and expand their investor base. By listing on the platform, companies can gain access to a wider pool of potential investors, increased liquidity, and more efficient fundraising processes. Additionally, listing on MyntExchange can provide companies with exposure to a growing market for tokenized securities and the ability to offer MyntPay as a means of payment for their customers.
