MarketOrders has recently released a White Paper exploring the use of blockchain technology within the gold & diamond jewellery industry.
The paper also explains MarketOrders technology plans, including the implementation of blockchain and the use of a token, the MOT token.
If you’d like to stay up to date with the MOT token and know about potential early-stage investment, sign up here.
Here is everything you need to know about it:
What is the MOT Token?
MOT is the MarketOrders Platform’s token. This token will be hosted on a blockchain that allows us to operate, currently Ethereum.
How can I get MOT Token?
Via MarketOrders.io.
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How does it work and what can I use the MOT Token for?
The MOT token will have several uses, such as a payment, discount and additional benefits to MOT token holders. Those functionalities will be announced when they are ready.
When will the MOT Token wallet be available?
MOT Token is an ERC20 Ethereum token and can be stored on any wallet able to hold ERC20 tokens.
What gas limit is required to transfer MOT Token?
MOT tokens are built on the Ethereum blockchain, therefore, gas costs are set by the Ethereum blockchain.
What are your MOT Token price predictions?
MOT Token is a utility token; thus, no price predictions can be made. Its value is based purely on its use cases and distribution.
How are you planning to increase MOT Token liquidity, adoption, demand and price?
At first, with nothing but reputation and a beta of our product, we will increase MOT liquidity, adoption and brand awareness by adding more and more use cases for MOT Token on the platform to create an organic demand.
Participants on the platform will be encouraged to accept MOT as a payment or loyalty method, providing external markets and additional liquidity for the asset. With every new participant accepting MOT Token, its market potential, demand, awareness and adoption will improve dramatically. It’s not just an asset, but the fuel for a whole new economy.
Is MOT Token planning to expand into new markets?
We are carefully watching various new markets and cryptocurrency regulations emerging around the world.
What happens when MOT Tokens are lost?
When a user loses his wallet, it has the effect of removing money out of circulation. Lost MOT Tokens still remain on the blockchain just like any other cryptocurrencies. However, lost MOT Tokens remain dormant forever because there is no way for anybody to find the private key(s) that would allow them to be spent again.
If you’d like more information about the MOT token and potential early-stage investment opportunities, register here.