Article Summary, Automatically Generated By AI
Summary of MMX
Key Points
- MMX token is the digital asset at the core of m2.com, providing specialized access to products and services.
- MMX is developed on the Ethereum protocol, utilizing the ERC20 standard.
- M2 Global Wealth Limited is the issuer of MMX, incorporated in the Commonwealth of The Bahamas.
- MMX tokens can be purchased on m2.com or DeFi platforms like Uniswap and Curve.
Numbers and Figures
- 500,000,000: Total issuance of MMX tokens.
- 209993B: Company number of M2 Global Wealth Limited.
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About MMX
At the forefront of innovation, MMX is a pioneering force in the realm of cryptocurrency and blockchain technology.
Introducing MMX: A Revolutionary Concept
The MMX token serves as the digital cornerstone of m2.com, granting onboarded clients privileged access to a curated selection of products and services within the M2 ecosystem.
Technical Implementation of MMX: A Deeper Dive
The MMX token is built upon the Ethereum protocol, leveraging the Ethereum Request for Comment 20 (ERC20) standard to guarantee seamless compatibility with other smart contract tokens within the ecosystem.
Who is the Issuer of MMX?
The MMX token is issued by M2 Global Wealth Limited, an international business company incorporated in the Commonwealth of The Bahamas on November 14, 2022, pursuant to the International Business Companies Act, 2000, with company number 209993B. M2 offers a comprehensive suite of products and services to its onboarded clients, encompassing:
- A bespoke digital payment token (MMX)
- Trading capabilities
- Secure custody solutions
- Yield-generating products
- Diversified investment products
- Flexible funding options
- Fiat currency integration
The Total Supply of MMX Tokens: A Fixed Amount
The total supply of MMX tokens is capped at 500,000,000, with all tokens pre-mined and no provision for further issuance beyond this fixed amount.
Where to Acquire MMX?
MMX Tokens can be conveniently acquired on m2.com. Alternatively, investors have the option to purchase MMX on decentralized finance (DeFi) platforms, including
Uniswap
and
Curve
.
Risk Management and Compliance: Our Approach to Mitigating Exposure
To effectively mitigate AML/CFT risks inherent in its operations, M2 has implemented a nuanced, risk-based approach that takes into account the intricacies of its business, the diverse nature of its clientele, geographical considerations, and the manner in which the company engages with them.
M2’s senior management is committed to:
- Establishing stringent client acceptance criteria, which may necessitate Enhanced Due Diligence (EDD) as client risk escalates.
- Implementing rigorous client identification and screening protocols against databases to assess acceptability and mitigate potential risks.
- Developing comprehensive client profiling procedures to discern the purpose and nature of the business relationship.
- Providing unequivocal guidance on when and under what circumstances reliance can be placed on the Know Your Customer (KYC) profiling or screening performed by affiliated entities or external third parties.
- Establishing controlled procedures for determining when to terminate a client relationship due to Anti-Money Laundering (AML) and KYC concerns, ensuring a proactive approach to risk management.
The MMX Advantage: Unlocking a Multitude of Benefits
- Optimized Returns: Enhanced yields on M2 yield products, fueled by the burning of MMX tokens to maintain a deflationary supply, thereby ensuring a perpetual value appreciation.
- Priority Access: Exclusive early access to novel yield products and coin listings, providing a first-mover advantage over the general public.
- Profit Sharing: Entitlement to a percentage allocation of M2’s profits, reserved exclusively for participants of M2 Earn, fostering a sense of community and shared success.