Cu Coin (MBX)

Cu Coin (MBX)

Created using Figma
Created using Figma
Cu Coin is backed by copper stored in our facilities. Speculators can use it to profit from price fluctuations, physical traders can use it to source their supply, and industries can easily hedge their raw material costs and outsource storage. Cu Coin represents an electronic warehouse receipt exchangeable for 1kg of 99.99% physical copper stored at a BMC warehouse. Warehouse receipts are documents that provide proof of ownership of a commodity stored in a warehouse or vault. Ownership of the underlying asset is transferred together with the transferal of the receipt to a new holder.
ITO
Apr 19, 2019
Apr 20, 2020
33% completed
Raised funds - no Data
ongoing
Token Details
Ticker
MBX
Accepted Currencies
ETH, BTC
Min Contribution
100
USD
Company Details
Registered Company Name
Blockchain Metal Ticaret ve Lojistik Ltd.
Registered Country
Turkey
Company Founded
Nov 1, 2018
Additional Details
Platform
Ethereum
Categories
Platform

About Cu Coin (MBX)

BMC aims to revolutionize the commodities trade by creating a simple, secure, and efficient way for traders, speculators, and consumers to participate in the global trade of copper. The next generation token Cu Coin (MBX) practically combines aspects of physical and securities trading in one utility and makes the commodities trade more accessible for new markets and investors as well as time and cost efficient for all market actors. As the token is backed by 1 Kg of 99.99% copper stored in our facilities, speculators can use it to profit from price fluctuations, physical traders can use it to source their supply, and industries can easily hedge their raw material costs and outsource storage. Blockchain technology adds all the benefits that decentralization brings and more.

Cu Coin (MBX) represents an electronic warehouse receipt exchangeable for 1kg of 99.99% physical copper stored at a BMC warehouse. All necessary information is embedded in the code of the smart contract that runs the token. In addition the paper version of the receipt will be published on our website in the coming weeks. BMC is the first trading and warehousing company that enables its customers to hold and trade their warehouse receipts on the ethereum blockchain.

Cu Coin (MBX) is the best deal for Copper you will find online! In addition to our Fee Token bonus, a second ERC-20 token which will act as a MBX internal payment currency pegged at 1 USD (for online exchange and physical delivery fees), ITO purchaser’s of any size benefit of our industrial bulk discounts. These discounts are made possible through our supplier network and economies of scale. The price of Cu Coin (MBX) will depend on the stage discount and the locked in market price (determined by the LME) during the bulk order at the end of each stage.

 

Features

Financial Instrument Traders
• No counterparty risks and direct link to physical copper.
• Transferrable between online exchanges and markets across the globe.
• Lowest transaction and trading costs thanks to the blockchain.
• Run on decentralized platform considered impossible to hack.
• Copper sold significantly below market price to ITO purchasers.

Physical Traders
• No unnecessary storage or logistics until end consumer.
• Blockchain authenticated certificates and BMC ensured quality eliminates the risk of fraud for buyers.
• Smart contracts replace costly merchant banking as complex trades can be executed by programming simple applications on the blockchain that fulfill contractual obligations automatically and turn by turn.


Long-Term Investors
• Copper is a limited precious metal used in almost every industry.
• Demand largely linked to use of electricity and electrical devices.
• Surge in renewable energies and electric cars is likely to drive prices up.
• Rewarding and relatively low risk investment opportunity.

Crypto Traders and Enthusiasts
• We accept common crypto currencies and turn them into copper that you store in your ERC-20 wallet.
• Enjoy all the benefits of a less volatile token with fluctuations that depend on global economic factors.

Activity

Posts:
15
VERY LOW
Followers:
160
VERY LOW
Likes:
160
VERY LOW
Rating:
5
VERY HIGH
Followers:
17
VERY LOW
Tweets:
10
VERY LOW
30 Days Growth:
-1
Members:
40
VERY LOW
30 Days Growth:
4
Alexa

Rank:
6 712 849
VERY LOW
Delta:
1 720 224

Cu Coin (MBX) Team

Verified 20%

Attention. There is a risk that unverified members are not actually members of the team

Sven Köksal
CEO
verified
Mikail Agasiyev
CFO
unverified
Alex Gazar
COO
unverified
Toghrul Eyvazov
CSO
unverified
Gary Brooks
CTO
unverified

Cu Coin (MBX) Interviews

Sven Köksal
As a team member, сan you tell us about your role in the ICO project?
Sven is the founder of BMC. Fascinated by the benefits and use cases of blockchain technology, Sven has been an active investor in blockchain related projects. Combined with his past experience, Cu Coin is a project that developed in his mind naturally.
What do you think about idea?
Cu Coin does not only make the commodities trade more accessible for new actors but will change the way we trade commodities online as well as in the physical world.

Cu Coin (MBX) Last News

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