With the crypto boom that is currently being experienced all throughout the globe, it should come as no surprise that there are online exchanges being released for commercial use on a near day to day basis. However before signing up for any of these services, users should do a thorough background check, so as to see whether all of the legal aspects of such an operation have been looked into by the company.
What Is Mothership?
Mothership is a “digital asset exchange” that has been created to help cater to the demands of Estonian e-residents. However, before we proceed any further, we should learn about what an e-resident exactly is? E-residency is a concept that was introduced by the Estonian government back in 2014. By becoming an e resident of Estonia, users can reap a lot of benefits related to banking, payment processing, and taxation.
According to the company’s official whitepaper, Mothership is building a wide array of “blockchain financial services around the Estonian e-Residence government programme”, some of whom include:
- A token market for the EU
- A new platform that allows for the democratization of funding for new blockchain projects.
- Acting as a gateway to cryptocurrency markets for Estonian blockchain companies.
In addition to this, Mothership also claims to help up and coming startups build their legal framework, so as to execute a successful ICO campaign.
What Mothership Offers
Advanced Digital Wallet:
This new wallet has been designed to automatically connect all of our “e-Resident digital identity details” to our Mothership account. As a result of this, we can not only protect our funds with digital signatures, but can also save and move money around all over the globe in an easy, hassle free manner.
Stable Cryptocurrency Exchange:
This online exchange will be equipped to execute trades that involve a wide array of digital as well as fiat currencies. Not only that, the exchange will also come preloaded with additional features for e-Residents and EU businesses. From a functional standpoint, the company claims that this asset exchange focuses on key aspects such as “security, great customer service and reliability”, so as to deliver an amazing trading experience. Lastly, Mothership makes use of advanced infrastructural mechanisms, so as to obtain uninterrupted access to global economic markets 24/7.
Mothership provides its users with a “PaaS solution” for hosting applications in the same datacenter as the company’s internal exchange. Through the use of this service, users will be able to:
- Come up with their own, unique ‘high frequency trading bots’
- Create their very own personalized payment gateways
- Develop applications that make use of programming languages that a person wishes to choose.
At this point, it should also be mentioned that owing to a direct connection to the Mothership exchange, the latency experienced during transactions is almost minimized.
Who Is Behind Mothership?
Mothership is the brainchild of Arseny Zarechenev and Anton Egorov. Arseny is a full stack developer, and has worked at companies such as Atlassian, Enki and Ostrovok in the past. He is an Estonian e-resident and is passionate about digital trading and marketing. Similarly, Anton is a software engineer/ systems architect who has been in the crypto/ digital domain for over a decade now.
Mothership Token Details
The native token is called MSP, and has been built upon the Ethereum platform as an ERC20 token. In terms of the total supply, there will 200,000,000 MSP that will be created in all. MSP will be used for all transactions that take place within the network, and will be required for access to
- Premium and Platinum account tiers
- Mothership app platform layer
- Community curation and insight rewards
From a buyer’s perspective, we can see that the token sale will end on the 28th of July (or when all tokens are sold). In terms of pricing, we can see that the MSP token is priced in ETH, with the value of 1 ETH = 5800 MSP. The crowdfunding will run on Ethereum Smart Contracts, that accept ETH payments in exchange for MSP tokens.
Mothership has made it clear that all tokens which remain unsold by the end of the crowdfunding phase will be permanently destroyed.
From a distribution standpoint, we can see that:
- 70% of all available tokens will be made available during the crowdsale period.
- 20% of MSP tokens will be reserved for purchase by the company’s “Strategic Investors”.
- The remaining 10% of tokens will be used for the ‘Mothership Referral Program’, as well as for creating a reserve.
For any queries or doubts, users can email company representatives on the email address provided on the “contact us”page.
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