Jenny: Hello guys, welcome to Todays AMA! Im Jenny~Today we have Jin Ko from MTC joining us~ Welcome Jin! Tell us more about yourself, your educational background, your experience, and how you get into the industry~
JIN KO: Hello, everyone. I am JIN KO, the founder of MTC. I am very happy to have the opportunity to be here.
Jenny: Please tell us something about yourself, your educational background, experiences, and how you got into the industry?
JIN KO: Ok, I graduated from Yonsei University in South Korea. I also served as an assistant to the Minister of Defense of South Korea and worked in Samsung Private Capital, engaged in investment and finance, 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. Now I led the cross-border integration and operation of the commercial operation of MTC project.
Jenny: Tell us more about the project, what is MTC?
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.
Jenny: The competition in the traffic of traditional market is very high, such as in live video, games, e-commerce, etc. If MTC aimed at creating a traffic industry in the currency circle, will this conflict with the traditional traffic market? And 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 of 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.
Jenny: What is the difference between the Metcalfe token model and the general token model?
JIN KO: This is a very good question. 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 are 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.
Jenny: How will MTC give full play to the value and use of its 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.
Jenny: 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), provides 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 roadshows, technical design and code consultants, emergency response, and other manpower support.
Jenny: We saw the news that M coin will be soon listed on BW exchange. What are the application scenarios and the expected value of M coins?
JIN KO: For one token, the most important thing is the demand. 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!
Jenny: What is the future development plan for MTC?
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.
Questions From Twitter:
Jenny: Now let's move to our Twitter questions.
The 1st question is from @gemblenghitss79: What is the ways that $MTC generates profits/revenue to maintain your project and what is its revenue model? How can it make benefit win-win to both investors and your project?
JIN KO: MTC designed the Metcalfe ecological economic model, which regards the MTC application ecology as a user, and the value of the entire MTC is V. A feedback economic mechanism will be established. The access of each traffic application brings a square plus multiplication increase to the entire MTC value. According to M’s destruction mechanism, by the seventh halving cycle, all M tokens are expected to be destroyed to 2.1 million. All MTC users will enjoy the dividends brought by the ecological upgrade.
Jenny: 2ne question is from @klapklapco: Do you have any actual use case?
JIN KO: 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. At present, we have fully cooperated with a number of Korean technology projects to help them quickly integrate into the MTC intelligent traffic ecosystem. Please pay attention to the information about MTC.
Jenny: The 3rd question is from @NoorSherazi
What are your strategies in building a big and strong community? Do you agree that the power of the community will lead your project to grow globally? What are the services you offer to the community?
JIN KO: MTC is an open system that builds a decentralized integrated traffic framework. We standardize in accordance with the understanding of blockchain value flow, builds a distributed flow paradigm, provides a distributed and reproducible flow business operation model for the Internet community, and allows global users to participate in community consensus.
At the same time, MTC is a basic traffic platform that will provide users with capital, technology, and human resources so that other service providers can also build their own traffic applications and establish their own traffic on it.
Jenny: 4th question is from @Nodesblock: What are your plans in the English-speaking markets?
JIN KO: At present, the MTC 2.0 "ecological journey" era has entered a critical period, and we will carefully deploy the M+ plan. In the next three years, in order to achieve the goal of large-scale traffic commercialization, we will fully enter the MTC 3.0 "high light era". In the MTC 3.0 era, we will achieve the following goals:
√ Build an integrated high-traffic commercial, support high-concurrency, high-performance public chain 3.0.
√ Access to many traffic application fields such as advertising, games, e-commerce, social networking, scene finance, etc. to create a global traffic pool application matrix.
√ The world's first verifiable blockchain merger governance structure was produced, and the Metcalfe token model was widely adopted.
√ Large Internet companies use the MTC main chain as a basic service design and establish their own incentive and points system based on decentralized traffic on the MTC main chain.
Jenny: Now here comes our last question from Twitter! The last question is from @Airdop10: Many new projects made a good impression at first but were suddenly abandoned. How will you manage Your project to gain a place in the market and become the best token in the blockchain world?
JIN KO: I think every project should dream big and keep their feet on the ground, We are working together to explore the future and retake the 10-year path of Bitcoin. Since Satoshi Nakamoto invented Bitcoin ten years ago in 2008, Bitcoin has carried out a journey of blockchain faith around the world and successfully promoted its concept of decentralization and technological trustworthiness.
We will rely on the advanced MTCENGINE, MER governance, and Metcalfe models of the MTC intelligent traffic chain to establish an integrated traffic management paradigm and absorb more large traffic applications and a powerful membership system. We will divert centralized traffic and use applications as the driving force to reconstruct the commercial landing of large-scale traffic.
Let MTC change the current world of opaque traffic. We will succeed.
Jenny: Thx Jin, for your sharing, now it's time to open the floor for the Q&A!
Venkatz K: Recently most of the crypto websites are affected by DDoS Attack that is flooding with Internet Traffic and make the website inoperable. Is MTC's intelligent traffic pool MTCENGINE gives solution for that?
JIN KO: Yeah, for the DDOS attack, ee adopted DPOS and MBFT solutions to solve hacker attacks.
Served large volume traffic commercial applications, MTC intelligent traffic chain applied a Byzantine Fault Tolerance algorithm (MBFT) blending the traffic elements, as well as the technical characteristics of DPoS(The best Proof of Stake) and HotStuff, as well as the best Tolerance algorithm (MBFT) for permissioned public chain. At the same time，MTC provides a good basis for compatibility for the merger and acquisition governance mechanism.
Hotstuff is a Byzantine fault-tolerant consensus algorithm based on threshold signatures which is come up by VMware team in March 2018. Facebook’s blockchain project Libra is also used HotStuff as its basic consensus.
Hock Wang: Where is this project entity registered? Is it from China? I find that the logic behind is not strong. Can you explain to us further the commercial elements behind it?
JIN KO: For the team, we are from Korea, we also invested in several Korean technology companies and a Chinese company ShowLike. You can look through this article to learn more about our core team: https://metcalfechain.medium.com/launching-the-2-0-ecological-journey-era-mtc-demonstrates-its-core-strengths-afb921e735a1
LaLaHappy: This model is marketing intensive. How much marketing budget has the project aside?
JIN KO: As for now, we launch an ecological fund of 10million, Also, there are 5% M tokens for the marketing.
Jenny: Thank you for today’s sharing, Jin! Hope you all the best and good luck on the BW listing!
JIN KO: Thank you all!
About Blockcast.cc: (www.blockcast.cc)
Blockcast.cc: Welcome to #ABC Asia Blockchain Community. Asia Blockchain Community (ABC) is a community that is based in Asia and run by Asians. We know the market very well and is backed by a panel of blockchain & crypto experts and influencers. Our mission is to create value for projects & members & educate the general public about blockchain and crypto through the work in our community. We want to bring concepts to life and increase blockchain adoption.
Slogan: Long Crypto and Short the World
This channel is run by admins wBlockcast.cc- Blockchain, DLT, Crypto Ne…ho are volunteers experts and ABC is a brand under www.blockcast.cc.
Your post has been voted as a part of Encouragement program. Keep up the good work!
Dear reader, follow and support this author, Install Android: https://android.ecency.com, iOS: https://ios.ecency.com mobile app or desktop app for Windows, Mac, Linux: https://desktop.ecency.com
Learn more: https://ecency.com
Join our discord: https://discord.me/ecency