MOFO GASY TOKEN
$MGT
White paper v1.0
A Malagasy Token to facilitate fair and
decentralized financial exchange worldwide
Disclaimer
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This document is for educational and informational purposes only. The contents of this document are not a financial promotion. None of the information or analyses presented are intended to form the basis for any investment decision and no specific recommendations are intended. Therefore, none of the contents of this document serve as an invitation or inducement to engage in any sort of investment activity. This document is not intended to be a prospectus, solicitation, inducement or offering for investment or the sale or issuance of securities or any interests or assets.
The information in this document is given in good faith, but no warranties, guarantees or representations are made by Mofogasy Token with regard to the accuracy, completeness or suitability of the information presented. Mofogasy Token expressly disclaims any and all responsibility, and Recipients expressly waive any claim, for any direct or consequential loss or damages of any kind whatsoever (whether foreseeable or not) arising directly or indirectly from: (i) reliance on any information contained in this document or any information which is made available in connection with any further inquiries, (ii) any error, omission, or inaccuracy in any such information, (iii) any action resulting therefrom or (iv) usage or acquisition of products. This disclaimer applies notwithstanding any negligence, default or lack of Care.
The Company may update, modify or correct this document in its sole discretion, without notice or incurring any obligation or liability to any recipient hereof. This document is strictly confidential and intended to be viewed exclusively by those recipients (“Recipient(s)”) specifically authorized by the Company. This document shall not bind, convey any rights, obligations, terms, performance, covenants, representations or warranties on behalf of the Company to Recipient, or create any relationship between the Company and any Recipient or any other party.
The story of Mofo Gasy
Why Mofo Gasy ?
« Mofo gasy » is a typical local street food made of rice floor, sugar and water. Cooked inside a cast iron stove directly on wood fire, it is mainlyeaten for breakfast with coffee.
Historically, it was the first meal ever paid for, and now it is the first purchase of the day for the Malagasy.
The mofo gasy is a perfect representation of a Malagasy financialexchange system.
Mofo Gasy Token snapshots
Vision
• Connect people with decentralized finance • Allow instant financial exchange with limited cost worlwide • Secure transfer with blockchain technology
Team
•11 multicultural board members
•Experts in energy markets, industries, banking, finance, law and governement •Malagasy, resident and non resident
Solana Ecosystem
•Safest and most complete decentralized blockchain •Fastest blockchain: 2,000 transactions per second••Minimal transaction cost: around 0,0025usd
SOLANA
The most complete ecosystem
How to exchange in future $MGT ?
Development steps
Tokenomics
ICO
Limited to the community, the ICO will be launched for 10 days on the 15th of December2021 with the exchange rate of 1 MGT = 0,005usd. The tokens will not be exhangeableduring the development phase.
Token allocation
| Category | Price | % Total | Token number |
| Seed | 0.001$ | 2 % | 10 M Locked |
| Private ICO | 0.005$ | 10 % | 50 M |
| Initial Liquidity Market | 0.01$ | 25 % | 125 M |
| Staking / Reward | 30 % | ||
| Ecosystem Fund | 15 % | ||
| Team | 10 % | ||
| Foundation | 8 % | ||
| Total Max supply | 100 % | 500 M |
Trust and Gouvernance
A safe and realiable token
Smart contracts, called ‘Program’ on SOLANA are based on Serum Dex technology. It willgaranty a complete decentralized exchange between users for purchases, sales, staking andwithdraw.
Our community is the key of the project
Mofo gasy token belongs to its community and they will be the one able to give orientations and participate to project strategies and developpements.
In addition of being rewarded with interest, all token holders will detain a right to vote with a maximum total votes equivalent to 0,1% of the total ballots per holder.