Since Facebook became Meta, the metaverse has been on an accelerated maturation curve in the last few months. While many of us are still trying to get our heads around the concept, there’s little doubt the metaverse will shape our lives in the coming years.
As a result, some forward-thinking platforms are pivoting towards the metaverse, helping users utilize the latest technology to their advantage. And that’s precisely what MyConstant is looking to do.
Having started as a crypto-backed P2P lending platform, the company has recently branched out into new areas. In the last few months alone, MyConstant has unveiled detailed plans to launch an innovative NFT lending platform, offered 14% APY on USDT investments, and its own native cryptocurrency - the MyConstant (MCT) Token.
It’s all part of MyConstant’s mission to serve as the go-to bank for financial assets of all kinds. The MCT token aims to allow you to easily manage your digital assets, facilitate cheaper gas (transaction) fees and give you a stake in the platform’s development.
MyConstant: A Brief Introduction
Before we dive deep into the details of the MCT token, let’s set out what MyConstant is striving to do in the coming metaverse age.
According to MyConstant, it aims to “become a new bank that bridges the gap between traditional banking and the metaverse by adopting a decentralized approach to digital finance.”
The company has been around since 2019 and has largely focused on crypto-backed P2P lending. In February 2022, it hit the $150 million mark in matched loans while surpassing $2 million in earned interest the following month.
With over 170,000 customers worldwide, it’s well-placed to tackle the next digital age - the metaverse.
MCT Token: Preparing You for the Metaverse
The MCT token is designed to give you more control over your assets, whether in USD or a digital form, like crypto or NFTs. It aims to decentralize banking and make it more accessible than ever before.
In its recent post, MyConstant set out the following benefits of the MCT token:
- Earn more: When you invest in the platform using the MCT token, you will earn 20% more interest.
- Cut the cost of borrowing: MCT holders will enjoy a 20% reduction in borrowing fees on MyConstant.
- Payless for NFTs: Use MyConstant token to pay for NFTs and enjoy a 50% discount on fees.
- Reduced fees on Crypto Swaps: You will be able to enjoy a 50% discount on Crypto Swaps fees.
- Manage all your digital assets in one place: With MCT tokens, you will be able to utilize the platform for borrowing, investing, and even spending - with our MyConstant debit card.
- Have a stake in the MyConstant project: By staking MCT tokens, you will also have a say in the development of MyConstant. You can vote on proposals put forward by the community and make proposals yourself. For example, you could propose increasing interest rates and allowing the community to vote for or against it.
And you’re reading about this before most people. So if you can somehow get your hands on the MCT today, you’ll be able to maximize any uplift in value post-ICO.
How Can I Earn MCT?
The supply of MCT tokens is limited at this moment in time. There is a plan to have an ICO in Spring 2022, with the full rollout complete by late Summer 2022. At each stage, there will be more ways to earn MyConstant token.
There are also limited opportunities to earn pre-ICO MCT tokens in a series of events hosted by MyConstant.
Keep your eyes peeled for further updates.
Will the MCT Token Fly?
It’s always a tricky task to predict how any cryptocurrency will go in the future, particularly those pre-ICO. There are too many variables at play, so if anyone tells you their crypto is a sure-fire bet, take it with a pinch of salt.
However, I’ve been following MyConstant for a while now, and the team is doing a good job. According to the platform, no investor has lost their principal with MyConstant - that’s right, not one investor has lost money using its P2P lending products.
And in the last few months, it has grown quickly, with accelerating customer and revenue growth.
MyConstant has a clear vision - to bring banking into the metaverse age. It’s by no means a bank - yet - but it has big ambitions.
What does it mean for the MCT token? Who knows. But, as with any cryptocurrency, the time to get in is as early as possible. The team has a proven track record of delivering results, and this is as good a project as any to get involved with.
Security
In terms of asset security, it’s important to remember there’s no such thing as 100% secure. In our digital age, cyber-attacks and theft happen - wherever you leave your assets. However, MyConstant is among those that take security seriously.
It has several protections in place, including a $10 million security fund designed to protect you against theft and loss of currency. Take the time to read the blog (linked above) for more details on what is covered by this fund.
MCT Token: One for the Future
After three years, you feel MyConstant is ready to enter the next stage of growth. Some exciting developments are happening on the platform, including the launch of a new NFT lending protocol, which will place the company at the heart of the next digital age.
With any new project, there’s bound to be some uncertainties but also enormous potential. The MCT token is an exciting pre-ICO crypto that could prove to be very valuable in the near future.
If you can get your hands on it now, through events and special offers, then you may just be holding some digital gold dust as the metaverse takes shape!
