Introducing the token buyback plan

MBN Global buyback plan

In previous articles we’ve shown a lot of benefits for the Staking of MBN token. In this one, we want to showcase the long-term prospects of tokenomics are introducing the Buyback plan, which acts as a balancing force.

Here’s how it works:

MBN platform has a working product with already established monetization plan:

1. We launched a paid subscription system on a monthly basis — $10 or $25 (with payment in the ETH or MBN).

2. We plan to introduce a constant percentage, which we will charge from each contract on the platform. This feature will take place in 2020.

We plan to spend up to 30% of income every month for the token Buyback from the market. Each user who paid for a subscription automatically contributes to our program. The program will begin in 2020 after the release of a final product and the formation of a sufficient user base. The main goal of the program is to positively affect the MBN network activities.

Possible outcomes from our Buyback plan:

To understand how far it will go, you need to make an assumption based on current data. At the end of 2018, a study by The Cambridge Center shows the size of verified accounts on exchanges at 35,000,000.

Source: 2ND GLOBAL CRYPTOASSET BENCHMARKING STUDY, The Cambridge Centre

These data are indirectly confirmed by analysis from Statista: 42,000,000 wallets only for Bitcoin.

Source: Number of Blockchain wallet users, Statista

Thus, we can assume that there are now about 40,000,000 users in the crypto industry.

MBN Platform provides financial services for ordinary investors, which means that all users are potentially the target audience of the project.

100,000 paid users in 3 years

We set a goal to reach 100,000 paying users in 3 years after the launch of the product. Based on the data published above, we calculated the amount of funds that can be used to redeem tokens every month. For example, with 100,000 users, we can process a buyback of tokens from the subscriptions worth $ 1,000,000.

Comparing user base and payments done

How effective is buyback?

To evaluate the effectiveness, it is necessary to compare 2 values:

  • How many tokens enter the market stably every month?
  • How many tokens are redeemed from the market?

Staking pool contains around 44,000,000 MBN Tokens. If you calculate the size of monthly payments for 3 years, then it will be:

44,000,000/12 * 3 = 1,220,000

Thus, the average monthly payment over 3 years is 1,220,000 MBN.

On the other side, when reaching 10,000 paying users, the buyback would be 30% from $100,000 which is $30,000. The funds are used to redeem the tokens and positively affect market conditions. The redeemed tokens are then brought back to the staking pool to be distributed as a reward for customers.

How to participate in the MBN Staking Program?

The Membership has launched a staking program consisting of 4 levels:

1. Level 1 =100,000 MBN Required
Staking Reward: 20% per annum

2. Level 2 = 300,000 MBN Required
Staking Reward: 20% per annum
+ part of payments from Community Operated Fund profit. Level 2 is involved in the distribution of 10% of the profits from the results of COF — Community Operated Fund. Payout will be processed in BTC, ETH or USDT.

3. Level 3 = 1,000,000 MBN Required
Staking Reward: 27% per annum
+ part of payments from Community Operated Fund profit. Level 3 is involved in the distribution of 10% of the profits from the results of COF — Community Operated Fund. Payout will be processed in BTC, ETH or USDT.

4. Level 4 = 3,000,000 MBN Required
Staking Reward: 43% per annum
+ part of payments from Community Operated Fund profit. Level 4 is involved in the distribution of 10% of the profits from the results of COF — Community Operated Fund. On top of that, an additional 5% of COF activities will be allocated to Level 4 users, which are distributed only among them. Payout will be processed in BTC, ETH or USDT.

More details can be found in the article that we wrote earlier:

Conclusion

By hitting our Target of 100,000 paid users we will receive ~2,000,000 USDT amount of income which will mean that ~1,000,000 USDT will be used to buy back the MBN token decreasing the circulating supply, therefore, increasing the price.

To be conservative if the lower level of 20,000 users is reached this will raise ~200,000 USDT of income and ~100,000 USDT of buybacks reducing the circulating supply and sell pressure impact by staking rewards.

Start to use MBN.global:
Register now.

Buy MBN on exchanges:
UNISWAP(MBN/ETH);
PROBIT (MBN/USDT, MBN/BTC, MBN/KRW);
HOTBIT (MBN/USDT, MBN/BTC, MBN/ETH)
IDEX (MBN/ETH);
ETERBASE (MBN/ETH, MBN/USDT);
BIDESK(MBN\USDT, MBN\ETH)

Know more:
Website | Platform| Blog | Twitter | Telegram NEWS | MBN publication| YouTube| TradingView|

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Ecosystem for Assets Under Management. We made asset management safe. https://mbn.global

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MBN.global

MBN.global

Ecosystem for Assets Under Management. We made asset management safe. https://mbn.global

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