Hello, this is MYCE token.
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Bloom’ aims to transform the life commerce market based on organized and stable digital governance by integrating my ecosystem, where countless companies are intertwined, based on a new market that has not been attempted in Korea.
As a space-based on-demand service, we provide verified content and services by providing various event information, so that everyone can enjoy various gatherings anytime, anywhere, and we will increase consumer satisfaction.
In November 2020, the foundation was founded in Singapore and issued MYCE (tokens). Our team started developing the platform with the aim of establishing a “real-life gathering information platform” where users can share information and places related to gathering using tokens payment system. With more a year of effort, we launched a “Bloom” app in November 2021 that allows users to pay for real-life MYCE based on O2O (Online to Offline) services.
Untact consumption trends following COVID-19 highlight businesses using digital tech such as online to offline (O2O) and non-face-to-face purchases, and corporate digital transformation has established itself as an essential survival strategy.
The MYCE project aims to establish and service a mechanism to solve problems through coordination and consultation while ensuring the participation of various actors such as individuals (users), companies (sellers), and managers (platforms).
Using smart contract systems, in the service process, all nodes first try their best to find the consensus password and receive compensation, and blocks generated by the agreement process through competition are distributed and stored across all nodes, so they cannot be forged or altered later. As a consensus and proof mechanism, the Proof of Work (PoW) method will be used, and compensation for this will be given as a sidechain-based utility token (BOUT).
The Ethereum-based blockchain system uses a smart contract method that sets the terms of the transaction, automatically concludes the contract, executes the transaction according to the terms of the transaction, and stores the transaction in the Ethereum blockchain.
MYCE token is an ERC20 token issued based on Ethereum. It can
be said that the basic stability of Ethereum has been sufficiently
MYCE tokens plan to be used in the form of paying for the service
of the Bloom platform to be used in real life, which will provide a
certain level of unique discount. This motivates users to use the
service, and at the same time, holders can simultaneously invest in
the value increase of their MYCE tokens as the platform’s business
expands, increasing their effectiveness and value profits on both
sides of possession or use.
Utility tokens are sidechain-based tokens that make it easy to exchange all utility tokens, including MYCE, on the MYCE network, such as Uniswap or Balancer, which allows you to freely trade or exchange tokens that exist on Ethereum.
Users can use utility tokens to obtain service rights through the following several methods. It can also be used in conjunction with the Bloom platform, which shares one axis of the MYCE network ecosystem, to earn additional profits.
In the service process, all nodes first try their best to find the consensus password and receive compensation, and blocks generated by the consensus process through competition are distributed and stored across all nodes, so they cannot be forged or altered later. Users with secret keys can track their transactions recorded in the blockchain in real time and conduct accounting
As a consensus and proof mechanism, the Proof of Work(PoW) method will be used, and compensation for this will be given as a sidechain-based utility token (BOUT), respectively.
Bloom platform provides use in real-life payment areas through MYCE.
Users can stake their MYCE on the Bloom platform and receive services corresponding to the value of their assets. The quantity of MYCE to be used is exchanged at a certain rate with the legal currency according to the actual MYCE market price, and the exchange cost is determined by the ratio of the amount of currency that can maintain a stable exchange value.
It has the advantage of maintaining a stable token price because it secures a service with substance, and providing services flexibly even if the number of token holders increases rapidly.