ICO Review: MEWcoin Ecosystem
The MEWcoin token ecosystem is a proposal from the vFloorplan software company that is focused on creating solutions for the meetings, events and weddings market. vFloorplan estimates that the market is worth as much as $1 trillion USD and the market is comprised of a variety of participants including agents, event planners, venue services providers, and customers of such services. vFloorplan Ltd is not a new company on the scene. It has been existing for four years now and it has already established a long list of customers. It is conducting an ICO to launch a better service to their existing customer base bad also secure more customers. The main reason however for launching the MEWcoin token ecosystem is to take advantage of a new business model. So far it has been developing software for the meetings, events and weddings market but their clientele is big brands with big budgets. Most of its software solutions are well beyond the price point of their customer base and it felt like it needed to cater to the small enterprises that also do need their software to help in streamlining their event planning and payments challenges. With MEWcoin, vFloorplan is proposing to offer these software solutions at no upfront cost. The catch, however, is the commissions. vFloorplan is expecting to gain revenue by charging a commission for every customer the signed-up through the MEWcoin ecosystem. To keep track of all the sign-ups and commissions, agent referrals and payments, the MEWcoin will be based on the Ethereum blockchain.
The existing Customer Base
Some of the reasons why vFloorplan thinks that the sale of the MEWcoin tokens will be a success is because of its existing customer base. In four years the company has managed to attract the services of the biggest players in the scene and if they are promised future discounts, they will be purchasing these coins en masse. The company boasts the following as their present clientele: major football club stadiums such as Liverpool FC, Manchester City FC, Man United FC, Aston Villa FC, Leicester City FC, Sheffield United FC, and include major hotel brands such as Hilton and Hampton by Hilton, Ramada, Radisson, Courtyard Marriott, Crowne Plaza, Holiday Inn and Best Western and include major venues such as the Jockey Club Racecourses, Twickenham – home of England Rugby, ExCeL, Olympia, O2, Madam Tussauds, National History Museum, and The Barbican. Granted some of these are yet to be confirmed as customers which means that they are on the waiting list, but most have shown extreme enthusiasm on the token sale which should make the sale very attractive to most investors.
Benefits of participating in the Token sale
The tokens will be utility tokens used exclusively on the platform to ensure even value exchange. Having these tokens will guarantee future price discounts on partner customers if and when the discounts are availed. The token sale will provide investors and customers a chance to acquire the tokens at a discount and will also lock in their future discounts on the partner services. Finally, just like most ICOs, the best feature is the profit potential. The ICO is poised to be a winner looking at the hype level and the existing and interested customer base.
Ethereum Network Token: MEWcoin
ERC-20 symbol: MEW
Pre‐sale begins August 2018
The main sale begins September 2018 and ends December 2018
50% bonus during presale (4-6 weeks)
25% bonus during main sale phase 1 (2 weeks)
10% bonus during main sale phase 2 (2 weeks)
No bonus during the final phase of main sale (4 weeks)
Token Price: 1 ETH = 500,000 MEW
Purchase Limits: 0.25 ETH to 300 ETH
Verification: Anti Money Laundering (AML) documents required by email
Standard payment method: Ether
Direct purchase: available over £100,000 GBP or 300 ETH
Buyers of MEW tokens must be at least 18 years old
60 Billion Crowdsale Fund
25 Billion Founders Fund
15 Billion Reserve Fund
All unsold tokens will be transferred to the reserve account.
Reserve tokens will be used to nurture the ecosystem with bonuses and cover certain costs if required.
Steven Markham (CEO and co-Founder vFloorplan) - https://www.linkedin.com/in/stevenm/
Steve Baker (CTO and co-Founder vFloorplan) - https://www.linkedin.com/in/steve-baker-8a080b1/
It is a solid project with high chances of success. The Tokenomics may be a little less well put together but the demand for the service is definitely poised to increase with time and thus raising the value of the token.
Light paper: https://mewcoin.io/docs/MEWcoin_Lightpaper.pdf