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.