What is Merchant Token (MTO)
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.
Details
Public sales: Apr 01, 2021 – Jun 30, 2021
Pre-sale token supply: 5,000,000 MTO
Token supply: 100,000,000 MTO
Total tokens for sale: 55,000,000 MTO
Soft cap: 5,000,000 USD
Hard cap: 37,404,503 USD
Raised: 61,091,625 USD
Legal
Blockchain Platform: Ethereum
Country limitations: US, Canada
Registration country: Sweden
Registration year: 2020
Office address: Strandgatan 1, Halmstad, Sweden
Token info
Ticker: MTO
Type: Utility-token
Token standard: ERC20
Token price in USD: 1 MTO = 0.23 USD
Accepted currencies: EUR, USD, GBP, SEK, NOK, JPY, CHF, AUD
Token distribution:
Seed supporters – 8%
Private-sale participants – 5%
Team and advisors – 11%
Strategic Partnerships – 13%
Strategic Ecosystem grant pool – 13%
Public-sale participants (ICO) – 50%