MGT Whitepaper Draft 1

Written by MEGAMAN.XRPL

(MEGAMAN.XRPL Giveaway Token)

rwpQQdPJZmnGFNrPfbtCjtStdBxZK8qs3W

Currency Code : MGT

Supply: 10,000 (Currently 9999)

Distribution: 7374/9999 (73%)

Description : MGT is a Fungible Picture token (FPT) and NFT Currency for the Hada Ecosystem.

The Purpose of creating MGT was to teach the community about custom trading pairs for NFT purchasing and selling.

MGT is an experiment in the pursuit of knowledge on NFTs . It is a tool for learning how to trade .

MGT was created to be purchased with coins that were airdropped to Hada and Hadalite trustline holders. You could also obtain MGT by participating in community events.

Pixel Art of MegamanXRPL was affixed to the issuing address of the MGT token. The issuing address was then blackholed so no further changes could be made. You can view the image of MegamanXRPL by copy and pasting the issuing address into the Bithomp XRP Explorer.

Each MGT token represents ownership of one copy of the MGT token to be used however the owner likes. This does not prevent people from downloading the image and using it. This is a common problem in the NFT space.

Currently we are working on exploring the potential use cases for MGT and working on building this token as a community, including the drafting of the whitepaper.

MGT is a community project.

Owning 0.5 MGT or less then one. What does that mean for ownership purposes of the image?

Voting. The current known processes for voting with tokens seem tedious, time consuming, and centralized.

Every owner of any amount of MGT has ownership of the image.

For Voting : Integrating the open source snapshot application for voting to the XRP Ledger.

This is not an investment contract nor a common enterprise and there is no expectation of profits derived from the efforts of others or myself. Invest at your own risk and always assume you are buying tokens from another trader. This is for educational purposes!

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