Merchant Protocol – ICO Detailed Information
| ICO | Merchant Protocol |
|---|---|
|
Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank. |
| Start | April 12, 2021 |
| End | November 30, 2021 |
| Rating | 4.96 |
| Status | Active |
| KYC | Yes |
| Founded | 2021 |
| Categories | DeFi |
| Platform | Ethereum |
| Token | MTO |
| Soft cap | $5 000 000 |
| Hard cap | $37 000 000 |
| Minimum investment | 1 MTO |
| Accepting | ETH, USD, LTC, EUR |
| Whitepaper | Yes |
| Discussion | |
| Countries | Sweden |
| Social |
Merchant Protocol Overview
ICO description, Technical Details and Documents
Merchant Protocol is a DeFi Payment Protocol that enables POS terminals on blockchains and brings consumer protection to crypto payments. Merchant Protocol & MTO introduces consumer protection concepts from the traditional card payment industry to any blockchain with support for smart contracts
- The missing piece and true enabler for mainstream global mass-adoption of crypto payments from the consumers' perspective
- Introduces the new Automatic Dispute Management (ADM) concept based on merchant reputation
- Introduces the new Community Dispute Management (CDM) concept allowing token holders to increase token holdings by performing work
Merchant Blockchain
- Native blockchain for Hips Merchant Protocol and Merchant Coin (MEO) built on Hyperledger
- The ERC20 Merchant Token (MTO) will be 1:1 convertible to Merchant Coin (MEO) when the Hips Merchant Blockchain’s Mainnet opens.
- Real-time Merchant transactions with very low transaction fees
- Created for Payment Service Providers (PSP) and EFTPOS devices
- Full support for backward compatible financial protocols like ISO8583 enabling crypto payments in standard terminal messages, using the existing terminal, and card scheme infrastructures for crypto payments in Hips Merchant Blockchain.
Strategic Partnerships
HIPS Payment Group (hips.com) is the company group behind the protocol and processes to date payments for over 200,000 merchants globally. Hips core product is a payment platform for ISV’s, acquirers and payment service providers (PSPs) “customers.” Every customer of Hips represents thousands of merchants and millions of consumers.
Hips will use 25% of the issued tokens to secure strategic partnerships and secure adoption among its customers and partners leading PSPs in a country to Tier 1 banks. The strategic partnerships will aim to mass educate millions of consumers and merchants and make it seamless to implement and use the Merchant Protocol for merchants.
Merchant Protocol Milestones
- June 2020 - The Merchant Protocol Project was privatly Launched by Hips Payment Group
- November 2020 - The first Merchant Protocol Contract was live in the Ethereum blockchain
- 16 - 19 March 2021 - Announced the Hips Merchant Blockchain and Hips Merchant Protocol
- 1 April 2021 - Launchpad ICO Start
- April 2021 - Announcing the first big partnership
- May 2021 - Announcing the second big partnership
- 30 June 2021 - Ending the Launchpad ICO funding
- 12 July 2021 - Listing on Uniswap
- July 2021 - Announcing the third big partnership
- August 2021 - Major Asian Exchange listing + Major European Exchange listing
- August 2021 - Major Global Exchange listing
- Q4 2021 - The Merchant Payment Gateway and dispute central dApp goes live
* Crypto Rating accepts no liability for any errors in the Merchant Protocol ICO information and Rating. For the most up-to-date information please visit the ICO's official website.
