AMA: How does MTC deploy the huge traffic blue ocean market?
Host: Hello, everyone. Welcome to the MTC AMA. I am the host of today’s AMA, XXX. Traffic has always been the mainstay of the Internet industry, releasing unlimited value. The traffic giants such as video software Douyin, news software Toutiao, etc. control the traffic market.
So, the sharing project we invited today is MTC-a new generation of intelligent traffic application aggregation public chain. At present, MTC has begun to create a new high-traffic application ecosystem. Today we invite MTC founder JIN KO to share with us more about MTC.
JIN KO: Hello, everyone. I am JIN KO, the founder of MTC. Happy to have the opportunity to communicate with you.
Host: JIN KO graduated from Yonsei University in South Korea. He served as an assistant to the Minister of Defense of South Korea, and worked in Samsung Private Capital, engaged in investment and finance. He led the team in charge of multiple multinational projects, and once was received by South Korean President Roh Moo-hyun as a representative of Korean descent. Also, he led the cross-border integration and operation of the commercial operation of this project.
JIN KO: Yes, in the Internet era, we can see that ubiquitous concepts have been labeled as traffic. So, many friends want to know where the value of traffic is, and how MTC lays out this blue ocean market, so today I will share with you.
Host: OK, then let’s start, please give us a brief introduction to the MTC project.
JIN KO: Metcalfe Chain (Intelligent Traffic Chain) referred to as MTC. It is a new generation of intelligent traffic application aggregation public chain, dedicated to cracking the key pain points of blockchain large-scale traffic applications.
MTC proposes the distributed intelligent traffic pool MTCENGINE, the mergeable governance architecture MER and the Metcalfe token model. MTC adopts the MBFT consensus based on distributed traffic management, which can compatible with IPFS and cloud computing architecture. MTC developed a more inclusive large-scale traffic commercial support system, making it the first public chain to realize large-scale commercial use.
Host: At present, the market competition in various fields of traditional traffic is very fierce, such as live video, games, e-commerce, etc. Is MTC aimed at creating a traffic industry in the currency circle? Will this conflict with the traditional traffic market? If there is no conflict, how to attract traffic from the traditional market?
JIN KO: We all know that traffic is the core value-added asset of an industry and a company. And it’s an important indicator for improving economic productivity. Traffic is also the basic element of blockchain development and the core value of blockchain commercial reconstruction.
Compared with the traditional Internet, the traffic of blockchain is presented in the form of decentralization, distribution and decentralization. What MTC has to do is to aggregate these decentralized, distributed, and decentralized sinking traffic, and link the traditional Internet traffic to the blockchain field.
Host: You mentioned that the token model adopted by MTC is the Metcalfe token model. What is the difference from the general token model?
JIN KO: This problem is very good. There are three laws in the Internet industry, Metcalfe’s law is one of them. The value of a network is equal to the number of nodes in the network, and the value and connection of the network the average of the number of uses is equal.
This law tells us: if everyone in a network of network value is 1 RMB, so scale is 10 times as much as the network is equal to the total value of 100 RMB the total value of a network with a scale of 100 times is equal to 10,000 RMB. The network with a scale of 10 times increases in value by 100 times.
Inspired by Metcalfe’s Law, we put forward Metcalfe’s ecological economy model. We regard MTC application ecology as the user, and the value of the whole MTC is V. We will design an economic mechanism of feedback, and the access of each flow application will bring square plus multiplication growth to the value of the whole MTC.
Host: In the traffic industry, how will MTC give full play to the value and use of tokens?
JIN KO: First of all, in the entire MTC ecosystem, the value circulation, user behavior rewards, community governance, and cross-chain governance all require the participation of M coins.
In addition, we also launched the M+ traffic commercial plan. M+ blue ocean commercial program planned to use the support of manpower, technology and token pattern, fully utilize MTC’s advantages of “integrated traffic management”, “compatible of centralized and decentralized traffic paradigm”, promoting and nurturing intellectual chain application in high volume traffic application ecosystem, including live video, large-scale games, large-scale Ads, automatic driving (5G), IOT, CDN accelerator and so on.
Host: You mentioned that MTC launched the “M+ Blue Ocean Plan”. Can you briefly introduce this plan? What is the purpose of launching this plan?
JIN KO: To make the MTC imagine landing in mass traffic applications, we launched a blue ocean commercial program which is coded as M+.
M+ blue ocean commercial program planned to use the support of manpower, technology and token pattern, fully utilize MTC’s advantages of “integrated traffic management”, “compatible of centralized and decentralized traffic paradigm”, promoting and nurturing intellectual chain application in high volume traffic application ecosystem, including live video, large-scale games, large-scale Ads, automatic driving (5G), IOT, CDN accelerator and so on.
Excellent teams and entrepreneurs joining the MTC ecosystem will receive our financial, technical and human support.
·Financial Support： MTC’s financial support for the added commercial ecology comes from two aspects.: one is the positive feedback of Metcalfe’s ecological economy model, which is automatically adjusted within the MTC system.The other part is the MTC Ecological Fund pool, which rewards M+ outstanding teams annually. The first team to join a large-scale vertical field will get 10% of the M token in the award fund pool, and the second team will get 5% of the M token in the award fund pool.
·Technical Support：We will provide free technical support (detailed design，code test， case operation management， interface management), provide integrated traffic management, private domain traffic management, business reconstruction and transformation, nodes deployment, blockchain merge, token model upgrade and other technical support.
·Human Resource Support：Provide core members to participate in project construction, including free technical consultants to participate in road shows, technical design and code consultants, emergency response and other manpower support.
Host: We have also seen that MTC will soon be open for trading on the BW exchange. For users, what are the application scenarios and expected value of M coins?
JIN KO: For token, the most important thing is to be demanded. The demand scenario for M coins is very sufficient. It can be used in future MTC ecological applications, whether it is live broadcast rewards, automatic driving payments, large-scale advertising payments, and so on. Then we believe that the Korean market is very open, innovative and imaginative, and a market with strong cultural output capabilities, so it has a high value in the traffic market and is worthy of research.
When it comes to M value, it is ultimately determined by the market. However, I can briefly introduce the appreciation space of M coins. The total amount of M coins is 21 million, and there will be no additional issuance. The team has also carefully designed the repurchase and destruction mechanism. Finally, it is estimated that the destruction will be 2.1 million. The final degree of deflation will affect M coins. Have a positive impact. What’s more, the future ecological application of MTC is very extensive, and circulation creates value. You can imagine that so many places need M coins, how much room for its value-added!
Host: Finally, can you introduce MTC’s future development plan?
JIN KO: The MTC route is dedicated to realizing large-scale traffic commercialization and creating phenomenal applications.
In April 2019, MTC1.0-the “Light of Dawn” era came out, laying a solid technical framework foundation for large-scale traffic commercialization. After more than a year of iteration, in July this year, MTC officially entered 2.0, which is the era of “ecological journey”. We resolved the defects of version 1.0 and proposed many innovative technologies and models.
At present, the MTC 2.0 “ecological journey” era has entered a critical period. We will carefully deploy the M+ plan to build an MTC application ecosystem. In the next three years, we will fully enter the MTC 3.0 “Highlight Era”. At this stage, our goals include but are not limited to: building an integrated high-traffic commercial, supporting a high-concurrency, high-performance public chain 3.0; at the same time accessing advertising, games, e-commerce, social networking, scene finance and other high-traffic applications Create a global traffic pool application matrix; mature blockchain merger governance structure, and widely apply the Metcalfe model to large Internet companies.