MCAP is an ICO and mining token built by the popular BitcoinGrowthFund (BGF), a Blockchain based Venture Capital Fund. The system uses the ERC20 protocol for P2P (Peer to Peer) transactions. All the transactions are recorded and stored in the Ethereum blockchain. The MCAP allows storing and mining of several coins that include Bitcoin, Ethereum, CoinDash, Litecoin, ZCash, Ethereum Classic etc. and leaves a scope to add more.
MCAP tokens are being sold to raise funds for use in a couple of ways.
MCAP follows the ERC20 Protocol which enables it to operate with multiple wallets and tools. It follows the Ethereum smart contract system to create a strong, decentralized storage network. MCAP is coming with a new wallet “Myether Wallet” which will enable the users to receive and send the tokens. This is a simple procedure that users can adopt if they do not wish to download the blockchain.
BGF plans to release 100 million tokens in total and has released 20 percent of them as on date and the balance will be released soon. The MCAP token initial sale was launched in April and drew a tremendous response. It raised over $2 million with the MCAP tokens. BGF allowed some discounts for the tokens for some time but now has reverted to $4 per token. They have the confidence that the MCAP tokens will have a jump of at least a 1000% within the next 8 to 10 months. It stands at an envious 22nd position out of 740 odd cryptocurrencies. MCAP is a good choice for long-term investments.
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