Circular of MCC Exchange on Adjusting Mining Prices and Reducing the Unfreezing Speed of Projectors
Distinguished MCC community members:
Hello everyone! In view of the current low transaction price of MCC, the MCC community, in accordance with the provisional constitution of MCC, entrusted Garry to freeze 1000W circulation MCC, initiated a vote to adjust the mining price and reduce the thawing speed of the project side of the provisional constitution, and now publicizes the relevant matters as follows:
1. The plan starts at 0:00 on January 1, 2019, Singapore time, cancels intelligent mining, anchors 0.3 MPT for miners'mining cost, and increases mining cost by 0.01 PPT at 0:00 on January 1, 2019, and so on.
2. Starting from 0:00 on January 1, 2019, Singapore time, the plan is to reduce the thawing speed of project issuance from the current 2:1 to 3:1, that is, for every three MCCs miners excavate, the project side releases one MCC.
3. At present, 412,619,408 frozen MCCs registered by the project side do not increase before thawing. In addition, after all the project side's MCCs have been thawed, the circulation price of MCCs must be stabilized above 1 PPT for three consecutive months, and only 2,000 W frozen MCCs are allowed to be released annually. It is predicted that the thawing will take at least 80 years to complete.
As a new generation of community consensus autonomous trading platform, MCC will firmly continue the green ecological model of public chains and exchanges. At the same time, we still have many shortcomings to be optimized. We accept the supervision and guidance of all users. Thank you for your understanding and support of MCC.
December 25, 2018