Mcash AMA Recap
CryptoDiffer team
Hello everyone!
We are glad to meet here
Dr. David Nguyen, Chairman & CFO at MCashChain, @drdavidnguyen
Ngoc Nguyen, CTO at MCashChain, @sn_ntu
Phillip Phung, CMO at MCashChain, @phillipphung!
Can you introduce yourself to the community? What is your background and how did you come to the idea to create your project?
Dr. David Nguyen
Chairman & CFO
Hi all ! I’m David =) All the co-founders of Midas are long time friends from 20 years ago in high school and university. After school, we were all in different venture and pathway. In 2017 we met again when all of us are already in the late 30s, we would want to start something exciting together. 3 of us from the IT background, one from financial investment and one from marketing. We think that our diversity makes it much better than just purely tech. We complement each other. During the year of 2017, crypto world starts to take much better shape and we see that there is no universal wallet that can satify us. Hence, we decided to focus all our time to create Midas, an universal wallet with 5S Strategy: Store, Swap, Stake, Spend and Share. Then we continue to innovate and come out with more products: Vinex Network, UniDex, Staking Dome etc.
Until 6 months ago, we decided to launch our own public chain, by learning from the strengths and weaknesses of other chains, we came up with our idea of mcashchain.
CryptoDiffer team
Can you briefly describe what is Mcashchain in 3-5 sentences?
Phillip Phung
CMO
Hi guys, I’m Phillip – Mcashchain CMO! MCashChain is a Decentralized and Social e-Payment Platform with Zero Fee and Lighting Speed, which aims to Enable Frictionless Digital Economy. MCashChain is secured, transparent, highly scalable and made for DApps development in both Midas ecosystem and others’. The application of MCashChain is unlimited with high speed transaction, zero fees for ordinary users and high scalability in nature. McashChain also allows users to earn passive income through 5 levels of nodes, run and monitored directly on Midas Wallet and 1 SuperNode for expert users with hardware.
CryptoDiffer team
What technology stands behind Mcashchain and why it’s better than the existing one?
Dr. David Nguyen
Chairman & CFO
Mcashchain is built for adoption. Built to be built upon. Built to serve both private and public sector. Transaction speed in milisecond, high scalability and zero fees, NFT capability, seemless token issuance process, privacy – enabling to promote freedom of choice. Dapp/bapp portability from other chains with easy setup. High ROI for both supernodes and soft stakers.
CryptoDiffer team
What are the major milestones you have achieved so far?
Ngoc Nguyen
CTO
Good evening (10PM here), I am Ngoc Nguyen aka SN, CTO of the project. About product, Mcashchain has been running stably since launch with over half a million of transactions and the number is growing fast. There are 8 teams are developing their products on McashChain, 12 tokens have been issued which 2 of them completed their ICO (to raise fund). We have built our Mcashchain native token management platform which helps enterprises and individuals to issue, manage their own M1, M20 and M721 (NFT) tokens seamlessly. We have developed MCashPay crypto payment gateway to settle the payment at Zero Fees and instant lightning speed. Users can use Midas wallet to pay for items at ease. MCashPay plugin is developed in such a way that it can be integrated into any platform (web or mobile) from gaming to e-commerce. We have developed McashPlay and Midas Voucher dApp where anyone, anywhere can issue vouchers and top-up cards for their own tokens that are issued on our chain. It is now fully integrated with McashPay and our Midas Wallet App. There are 1000+ vouchers have been issued and redeemed.
Phillip Phung
CMO
In terms of Community, Partnerships and Market Development:
Partnership – we have inked a number of important strategic partnerships. Notably:
Partnership with CoolBitX: Integration of mobile hardware wallet, CoolWallet S, to Midas wallet app. We will also release a co-branded version of the CoolWallet S that will have native support for MCashChain and be available to Midas customers for purchase on the Midashimaya blockchain e-commerce platform using multiple cryptocurrencies such as the TrueVND stablecoin. Read more: https://medium.com/mcashchain/midas-wallet-mcashchain-partner-with-coolbitx-a1a492a9bddd
Partnership with GemMob: where over hundred dApps will be developed on MCashChain and run directly from Midas dApp Store browser. Original titles games apps will also be developed and use MCashLight, MCashPay to fuel the game plays. Read more: https://medium.com/mcashchain/gemmob-development-on-mcashchain-2b49db09a090
Partnership with Campus+: with Student ID embedded on MCashChain blockchain, this partnership aims to facilitate and promote transparency in all student administration process. By using the immutability of Blockchain, Midas/Mcashchain and Campus+ can help removing the use of plastic card and prevent fake student identity. More utility can be developed to help 3.5 millions students in all 65 cities and provinces of Vietnam. Read more: https://medium.com/mcashchain/midas-protocol-and-mcashchain-partner-with-campus-c18ce5d90e3e
Partnership with Blockcard: https://blog.midasprotocol.io/midas-vinex-partner-with-blockcard/
And other strategic partnerships & potential collaborations are under discussion too..
Users & Community: only 3 months after mainnet, Mcashchain already has about 5000 Mcash holders and increasing fast with another 50,000 monthly active users from Midas wallet (another key pillar in our ecosystem). Our active and passionate community span across many countries and continents: North & South Americas, Europe, Asia, Australia, Middle East.
Community Outreach: Our Ambassador program is going strong over 10 countries: Ireland, Spain, Greece, Singapore, Malaysia, Korea, Vietnam, Indonesia, Philippines, Russia. Our great Ambassadors are an essential part of our Community Outreach program.
Recognition and Awards: In August 2019 (2 months after our mainnet launch), Mcashchain has been nominated as Best Mainnet on Blockchain by GLOBAL BLOCKCHAIN LEADERSHIP AWARDS (GLOBLA). With 60 judging categories, nominations are held across 8 Asian countries, including Korea, Vietnam, Philippines, Hong Kong and Dubai. The semi-final and the final round award will take place in November 2019.
On 27 September, Midas and Mcashchain were joined by other distinguished businesses in Vietnam CEO Forum 2019 and recognized for Sustainable Development in Digital Economy. Vietnam CEO Forum, hosted by Vietnam national television (VTV — Vietnam’s largest TV network), supported by Vietnam Chamber of Commerce and Industry (VCCI), is the most prestigious and recognized Business Forum in the country.
Dr. David Nguyen
Chairman & CFO
Midas is not a single solution but rather an on-growing ecosystem that aims to bring blockchain solution to global adoption.
We segment our development into 3 circles.
At the center, it’s CORE BACKBONE blockchain tech.
Larger circle is FAST ADOPTION applications.
Then the last but not least, LINKING APPLICATIONS that help to bridge the old business model to the new ones that are enabled by blockchain.
In the development team, we split into 2 departments. One to focus on Deep Tech. One to focus on Adoption. Together with the Deep Tech Team, our Chief Scientific Officer and Chief Technology Officer focus on development breakthrough. Example is our Mcashchain that will have in the coming time Zero Mcash privacy coin, sharding development, solution-focused NFT, crosschain smart contract and crosschain decentralized exchange (UniDex). From the Adoption Team, our Chief Innovation Officer focus on all the highly adoptable solutions: Mcashpay, McashPlay, Midashimaya Crypto Commerce, Midashimaya NFTs Marketplace and more than 110 dapps/bapps.
Cryptodiffer Community
Q1: What role does Mcash play in the Midas ecosystem?
by twitter.com/toanphamhd
Dr. David Nguyen
Chairman & CFO
Midas Ecosystem is quite complex with 5 pillars: Midas wallet, Vinex and Unidex exchanges, Mcashchain public blockchain, Mcashpay payment gateway and Best: Blockchain Engineering Center. As Mcashchain is one of our key pillars, playing a vital role as backbone for the ecosystem, especially for application building blocks to push for greater adoption. Mcashchain with ICO platform, NFT capability and many token standards: M1, M20, M721, M1155… will create a range of solutions catered for all application needs.
Cryptodiffer Community
Q2: What is the crucial thing, in your opinion,that would increase adoption of #MCASH and possibly the rest of crypto. What’s the #MCASH economic model and how will it is architecture ensure scarcity of the token and help to growth token price ?”
by twitter.com/shivam39389462
Dr. David Nguyen
Chairman & CFO
The crucial thing for adoption is to create seamless experience for users, easy for developers to build both dApps and bApps. DApp is decentralized applications and bApps are any applications (centralized as well) that use some blockchain features. One very important factor is the Speed, Scalability and Transaction fees for ordinary laymen. Mcashchain has all those features. Lightning speed, 10k TPS without sharding, zero fees. That is the reason why very fast many teams and projects have come or moved to Mcashchain to build their solutions, dapps or bapps.
Ngoc Nguyen
CTO
Mcashchain model based on Proof of Stake, many people will run nodes (hardnode or soft staking) to earn good passive income. This will make temporary lockup of coins to reduce the supply. Moreover, when users require more bandwidth and energy if they have high number of transaction and interaction with smart contracts, they will freeze some coins to increase the daily allowance, this also result into temporary decrease of supply. And another important factor to promote the scarcity of mcash is based on coin burning. Activate a new wallet, issuing a new token, setting up a supernode, launching a smart contract, etc… all requires coin burning.
Cryptodiffer Community
Q3: When it comes to e-commerce, many titles such as advertising, marketing, product supply,payment methods,logistics come to mind. How will MCashChain, which aims to provide Ebay’s Model on blockchain, handle e-commerce? Will all components be on blockchain?
by https://twitter.com/sonar_salih
Phillip Phung
CMO
Mcashchain is the blockchain backbone for applications.
Midashimaya.com using Mcashchain and Mcashpay to enable e-commerce. Due to the one way payment character of crypto (meaning that you cannot cancel once paid) we have to be very selective, doing due diligence of all shops and products sellers. To open shops, owners have to lock up mcash so that if there are conflict, it can go through resolution. We develop our own payment gateway Mcashpay and Voucher issuing platform Mcashplay to help the shop owners to sell more and have more way to do promotion. In term of other supports required for a healthy e-commerce ecosystem, we rely on our partners in logistics, in advertising (suchs as BigBom) and more. Yet, not all the components of e-commerce are required to be on blockchain. Only when blockchain makes sense to do so.
Cryptodiffer Community
Q4: Aims to create active and vast passive income for users. What is the goal from here to the end of 2019? How many dApps and startups are running on its chain?
by twitter.com/PHAMTHI39538099
Ngoc Nguyen
CTO
After just 3 months, we have already more than a dozen of projects and teams moving and developing their solutions on mcashchain. For Q4 this year, many applications will roll out and start to serve the market. We also launch our dApp on Demand program, supporting all the dapp/bapp teams that develop on our chain from technical to funding and market outreach. Then we will also publish this quarter a Book: Dapp Development on McashChain to help developer teams. Our Mcash Studio with many tools and code library will help them as well.
Cryptodiffer Community
Q5: How do miners earn in your chain when it’s zero fees and instant? How do you plan on getting your chain practiced/used in the sections mentioned at your whitepaper? Can anyone run an Xnode and what are the requirements to run one?
by twitter.com/uhtwats
Ngoc Nguyen
CTO
20% of block reward (2 MCASH for the first 2 years), called “Infrastructure Reward” will be the reward to the Supernode (miner) who produced the block. By learning from all the existing chains, eliminating the pain points and the instability of previous chains developed, we introduce lightning speed transaction with zero-fee, the most desired characters for high throughput dApps/bApps required by Midas Ecosystem and our dApps/bApps development partners.
And yes, anyone can run Supernode and the requirements are: 5 million MCASH staked; good software to run the node (guide here: https://github.com/MidasCore/java-mcashchain/wiki/Running-full-node) and if there are more than 64 nodes, your node needs enough vote to be in top 64.
Cryptodiffer Community
You have so many outstanding features like zero fees, instant transfer, high Tps, etc to name a few. Do you have real users and partners that use your services and what marketing strategy do you have to draw new users as without marketing no matter how good the product is nobody cares?
Dr. David Nguyen
Chairman & CFO
Ambassadors program is for this purpose. To date we have been recruiting good ambassadors in various countries. Also, we start doing more marketing, reviews, AMAs with high quality team like Crypto Differ and we will work with our partners to do even more.
Cryptodiffer Community
The community always pays attention to the income source when participating in a project. Can you introduce some ways to earn active and passive income for Midasian people?
Phillip Phung
CMO
Thanks for the question. We have summarized 18 Ways to Earn Active and Passive Income from Midas / Mcashchain ecosystem here for your reference: https://medium.com/mcashchain/18-ways-to-earn-active-and-passive-income-for-midasians-6932a223f758
Cryptodiffer Community
How can decntralized Voting and Election Possible on Mcash-Chain? How will you convince the governments to use your Voting System for Elections Purpose?
Can you Explain brefiely, what is M1, M20 & M721 Token? What are the role of these token in your Ecosystem?
Dr. David Nguyen
Chairman & CFO
Voting and Election is our pilot program. We are working with various Universities including the program for leaders (such as Lee Kwan Yew school of public policy). We will have to test and also to run pilot programs for public sector. Slowly, they may accept the idea.
Cryptodiffer Community
Whenever you started this project then what points do ion mind. tell about that 2)How many members are there in your team? What qualifications are required for future new members who want to be part of your team?
Dr. David Nguyen
Chairman & CFO
We have 50 full times coders and about 20 technical interns from local universities. We are recruiting more. They all work in various projects in bapp/dapp at our Blockchain Engineering Search and Training Center.
Cryptodiffer Community
How can decntralized Voting and Election Possible on Mcash-Chain? How will you convince the governments to use your Voting System for Elections Purpose?
Can you Explain brefiely, what is M1, M20 & M721 Token? What are the role of these token in your Ecosystem?
Ngoc Nguyen
CTO
Voting and Election is very good usecase to demostrate Blockchain technology because of its transparency and immutability. Some of our works so far is to implement voting dApps used by dappOnDemand and to issue Diploma certificate of an private university in Vietnam.
M1 is technical token standard supported by the blockchain natively.
M2 is followed ERC-20 technical token standard used for smart contracts for implementing tokens.
M721 is followed ERC-721 technical token standard standard helps create non-fungible tokens.
Cryptodiffer Community
Is McashChain’s main purpose being towards PPP (Private Public Partnership). Why is mcashchain headed towards something like that?
I am quite wondering, with a potential project like mcash choosing an unpopular exchange like Unidex? Does Unidex have what stands out?
Dr. David Nguyen
Chairman & CFO
UniDex is created by us as well. It is our breakthrough. It is crosschain dex that can be used as pluggin if needed. It’s Proof of Stake – Delegated Authority Voting. Meaning that ppl can vote for 64 supernodes and the supernode council vote to change 16 parameters of the chain.
Cryptodiffer Community
How MCASH manages all features like EVM compatible smart contracts, protocols and smart chain ?
Ngoc Nguyen
CTO
MCASH Virtual Machine (TVM) is a lightweight, Turing-complete virtual machine developed. Its goal is to provide millions of global developers with a custom-built blockchain system that is efficient, convenient, stable, secure and scalable.
MVM connects seamlessly with the existing development ecosystem and supports DPOS. MVM is initially designed to be compatible with the EVM environment so that instead of learning a new programming language, developers can develop, debug, and compile smart contracts in a Remix environment using Solidity and other languages.
Cryptodiffer Community
Currently, what are risks affecting the Mcash project? In order to develop project in long term and attract investors, which method do you use to manage, minimize the negative impact of risks? I mean that, what are the risks and how do you deal with them?
Dr. David Nguyen
Chairman & CFO
We have our whole ecosystem to help our partners and/or teams that we groom. Not only the chain, we have wallet, cex, dex, e-commerce, payment gateway and engineering centers…. This is our advantage, if we compete with a single solution, it will be tough having the whole ecosystem, we can stand tall.
Cryptodiffer Community
What is the difference between MCASH, M1, M721 and M20 token? Why do you have to create too many different types of token for your project?
Ngoc Nguyen
CTO
M1 is technical token standard supported by the blockchain natively.
M2 is followed ERC-20 technical token standard used for smart contracts for implementing tokens.
M721 is followed ERC-721 technical token standard standard helps create non-fungible tokens.
Objectives: M1 is for natively support on-chain, the burn fee, bandwidth and/or energy to use is optimal. M20 is to follow the very popular Ethereum standard (ERC-20). M721 is to support issue/manage NFT tokens at ease.
If you look at other chains such as Ethereum, they have many standards which all helps mass users and developers to adopt the technology seemlessly.
Cryptodiffer Community
You have so many outstanding features like zero fees, instant transfer, high Tps, etc to name a few. Do you have real users and partners that use your services and what marketing strategy do you have to draw new users as without marketing no matter how good the product is nobody cares?
Phillip Phung
CMO
Valid question. As a matter of fact, we do have partners with very real users and partners that are actually using our technology. I’ve mentioned some partnerships earlier in above Intro part of this AMA. But you can always find out more here: https://medium.com/mcashchain/tagged/news-and-updates
Marketing wise, we have pretty packed plan for coming quarters with main goal of increasing awareness and adoption. Please follow our social channels for latest news and updates on our ecosystem:
Website: https://www.MCash.Network
Twitter: https://Twitter.com/MCashChain
Telegram Global: https://t.me/MCashChain
Announcement Channel: https://t.me/MCashChainPR
Blog: https://medium.com/MCashChain
Cryptodiffer Community
I know that you planned to implement Sharding in Q4. Why do you choose sharding instead of other scalable solutions such as DAG or Plasma? How is your sharding technique different from the others out there like QKC, HARMONY or ZIL?
Dr. David Nguyen
Chairman & CFO
Sharding is only one of the ways. Our Chief Scientific Officer still studying various options. We will let you know along the way.
Cryptodiffer Community
What’s the requirement to run a supernode of mcash? When will mcash reach 50k+ tps as you said after sharding q4? How is development progress going on?
Marketing is a significant factor for every project. What’s your plans for attracting users, developers towards mcash ecosystem?
Ngoc Nguyen
CTO
The requirements are: 5 million MCASH staked; good software to run the node (guide: https://github.com/MidasCore/java-mcashchain/wiki/Running-full-node) and if there are more than 64 nodes, your node needs enough vote to be in top 64.
We are working on the Sharding and technically 50k+ TPS can be reached with good infrastructure and some tweeks such as private side chain and LightningSend feature between layers. Technical whitepaper will be released soon.
Cryptodiffer Community
Can you explain about 3 layers of architecture, what they are and what is the difference between them ?
Ngoc Nguyen
CTO
3 layers are: Core, Storage and Application
– The core layer includes consensus, account management and smart contracts.
– The storage layer consists of Chain Storage (Google’s LevelDB) and State Storage (transaction trie, state trie and receipts trie)
– Application layers are dApp, clients, platforms who connected and synced with our API/RPC (Midas Wallet, Mcashscan, Mcashdice, etc…)
Cryptodiffer Community
The biggest dilemma as of now in crypto is volatility and liquidity issues. What steps have been taken by McashChain to overcome it?
Dr. David Nguyen
Chairman & CFO
It’s the market. Like stock market at the beginning. It will take sometime to stabilize. We have several solution to enhance but cannot completely solve this problem because it’s the nature of a new market
Cryptodiffer Community
The Scalability Trilemma in blockchain is one of the most challenges that none of the project can solve yet. There are many project said that their blockchain are capable of more than millions TPS but actually they did not completely solve Scalability Trilemma, they can scale it but had to sacrifice either decentralized or security. I saw on your website stated that you can achieve 50k after sharding on Q4 but how it can be sure that your scalable technique can involves the three basic concepts of blockchain technology: security, scalability, and decentralization at the same time?
Dr. David Nguyen
Chairman & CFO
True, this is interesting. And it is also some of our new thing that are under the hood. We have public blockchain and private sidechain on top of our public blockchain – private sidechain we do for public sector and also for some big corporation that we cannot name. So public blockchain and private sidechain can co-exist to address to the needs of the clients.
Cryptodiffer Community
I read you WPP, it said that there are 3 ways to create a MCASH account. Among of them, there are 2 ways that I still don’t understand, which are transfe MCASH/M1 token into a new account address. Who does that new account address belong to? Could you please elaborate more about these 2 ways?
Ngoc Nguyen
CTO
The easiest way which you already understand is to actively activate the account. Say if you have one active account with balance of 0.1 MCASH or more; whenever when you create a new account (by Mcashlight or Midas Wallet) you can choose to deduce 0.1 MCASH from your original account to activate the new one
The otherway is to send MCASH or M1 tokens from your original account to your new one’s address: They will ask if you are agree to activate the recipient with 0.1 MCASH cost. There you choose to pay or not. It will be only the first time for new accounts and after they got activated, you will not need to pay anything next time
Cryptodiffer Community
What is the revenue model of Mcash and how does it plan to coup with shortages of funds in long term?
Dr. David Nguyen
Chairman & CFO
Mcash is part of Midas Eco which is heavily invested by Regulus, a prominent funds in Singapore. We have to save cost but we don’t have problem of funding.
Cryptodiffer Community
I have the questions:
Q1: What is the difference between MCASH and BITCOIN blockchain?
Q2: There are many types of consensus algorithms or techniques out there like: PoW, PoS, DPoS, PoA, PoET. So Why did you choose DPoS?
Ngoc Nguyen
CTO
A1: Tx speed and fee
A2: Few advantages of dPos consensus: scalability, speed, better distribution of rewards, voting security, energy efficiency (less hardware)
Cryptodiffer Community
How do you balance your token price and actual value of the project since crypto investors only look at the price and evaluate the project?
Dr. David Nguyen
Chairman & CFO
We aim for real demand, we are not supporting pump/dump. Hence we discourage that behavior in our ecosystem.
Cryptodiffer Community
How do you prevent the bad actors in the network and what is unique about your Supernodes?
Dr. David Nguyen
Chairman & CFO
Through delegated authority voting. All holders can vote for the supernode they support. In order to take control of the network, it will be huge spending to do so. And if it is so, many holders will be happy as the price will soar.
Cryptodiffer Community
I have the questions:
Q1: What is the difference between MCASH and BITCOIN blockchain?
Q2: There are many types of consensus algorithms or techniques out there like: PoW, PoS, DPoS, PoA, PoET. So Why did you choose DPoS?
Dr. David Nguyen
Chairman & CFO
We like the idea of democracy and passive income for all. Hence, we pursue our ideology through Proof of Stake – Delegated Authority Voting technology.
Cryptodiffer Community
What regions are you currently focused on and does regulations hamper your growth?
Dr. David Nguyen
Chairman & CFO
We are in Singapore and we work very closely with regulators to comply with regulation. Good thing about Singapore is that the regulators do not want to harm innovation. Hence we are really supported here.
Cryptodiffer Community
While most of the blockchain projects out there do not take fee for account creation, your project take 0.1 MCASH as fixed fee for creating an account. What is the reason?
Ngoc Nguyen
CTO
They will need some other kinds of technique to prevent network spam or penny attack: eg. in Nano case is light PoW transaction, or in Bitcoin/Ethereum is transaction fee and gas price. As explained above coin burning is an important factor to promote the scarcity of Mcash.
Cryptodiffer Community
Mcash is a Vietnamese-origin project, so does the goal of mcash focus on national-level support for each country? And which markets does mcash target in the future?
Dr. David Nguyen
Chairman & CFO
We were born in Vietnam but study in France, Germany, Singapore…. we consider ourselves global citizens. Hence what we do is for the world. Not for just one country.
Cryptodiffer Community
Which consensus algorithms basically used by McashChain in its blockchain, Is it POW or POS ?
What is the ARCHITECTURE of Mcashchain blockchain, How it works and explain some benefits !
Ngoc Nguyen
CTO
We use POS-type consensus (POS-DAV) with some highlight pros: scalability, speed, better distribution of rewards, voting security, energy efficiency (less hardware)
McashChain uses 3-layer architecture divided into Storage Layer, Core Layer, and Application Layer.
– The core layer includes consensus, account management and smart contracts.
– The storage layer consists of Chain Storage (Google’s LevelDB) and State Storage (transaction trie, state trie and receipts trie)
– Application layers are dApp, clients, platforms who connected and synced with our API/RPC (Midas Wallet, Mcashscan, Mcashdice, etc…)
Cryptodiffer Community
Is M-CashChain Partnered with Midas Protocol? if yes, How MidasProtocol helping you out in your project?
Why you think MCashChain will succeed as a Decentralisezed application? As we can see nowdays almost every Decentralisezed application in the blockchain industry has failed to gain adoption in the real world?
Dr. David Nguyen
Chairman & CFO
McashChain is one pillar of Midas Ecosystem that includes Midas Protocol Wallet. Mcashchain has all the characters for adoption such as speed and zero fees. We are doing quite a number of solutions now for larger adoption such as ecommerce, payment gateway and also NFTs.
Cryptodiffer Community
According to 91% people, next significant adoption of blockchain may come from Payments, or gaming dapps will mcash support these types of dapps? If yes how much tps mcash may provide to these types of dapps?
As you provide high tps on which place you have planned to implement mcashchain as a payment system? What’s your adoption plans?
Dr. David Nguyen
Chairman & CFO
We have stress-tested our chain. Very stable and handle very well high number of users at the same time. You can try mcashdice dapp to know how fast it is.
Try mcashpay payment gateway on midashimaya to know how it works. Crypto payment McashPay is one of our 5 pillars.
Cryptodiffer Community
Currently MCashChain Listed on Vinex & Unidex Exchange. Do you have any plan to list Mcash on other CEX Exchanges?
MCASH network does not charge fees for most transactions, Then, where does McashChain genrate its Core profit?
Dr. David Nguyen
Chairman & CFO
Yes, we will list on other exchanges. Now for cex: vinex and graviex, for dex: unidex. We get the profit from the ecosystem, not necessary to get profit from the chain. We are profitable because we own 2 exchanges and many dapps/bapps as well. You can have a look at our one stop solution quotation to see we have more than 18 services to offer to clients.
Cryptodiffer TEAM
It was really interesting
Thanks everyone for joining the AMA! we are out of time so we have to finish
