STO Listing #1 — MS Token (MSTO)
About MS Token (MSTO)
- The MS Token (MSTO) represents fractionalized ownership in the Millennium Sapphire®. It also represents a future pro-rata share in the potential profits driven by the NFTs of the Millennium Sapphire NFT Studio created in collaboration with some of the world’s most talented studios and digital artists.
- The MS Token STO is a smart contract posted on the blockchain to denote the immutable ownership of the asset.
- Each MS Token has a hash added in the metadata field of the STO asset.
- MS Token tokenomics:
Total MS Tokens: 150 million tokens issued and in circulation
Public Sale: 3 million tokens — 2%
Art Acquisitions: 30 million tokens — 20%
Incentives: 5 million tokens — 3.33%
Team: 19.62 million tokens — 13.08%
MFAI Shareholders: 92.38 million tokens — 61.58%
About the Millennium Sapphire®
- The Millennium Sapphire® was discovered in 1995 in Madagascar and designated as a national treasure with an initial value reported between US$90 and US$500 million.
- Weighing 12.3 kg (61,500 carats), the Millennium Sapphire® is a natural sapphire that was carved as a tribute to the creative genius of humanity and is now valued at US$150 million.
- Parts of the multimillion-dollar Millennium Sapphire® were sold as NFTs during its STO last November 16, 2021, with 150 million tokens minted as part of the sale.
- The STO was conducted by Millennium Fine Art Inc. (MFAI) through its wholly-owned subsidiary, MS Token LLC.
- The idea behind the Millennium Sapphire® public sale is more an investment than a purchase, with those buying tokens ending up with a somewhat pro-rata share of the rock, the IP associated with the Millennium Sapphire, and any potential dividends generated by the sales of the NFT studio.
- The MS token has already produced $37 million worth of NFTs as of writing.
About MSTO on IX Swap
- By purchasing MS tokens, buyers will gain fractional ownership of the Millennium Sapphire® future pro-rata share in the potential profits driven by the NFTs of the Millennium Sapphire NFT Studio.
- MSTO/IXS will start trading on IX Swap on March 31, 2022.
- Website: https://mstoken.art/
- Whitepaper: https://mstoken.art/wp-content/uploads/2021/10/MSToken_WhitePaper_Updated%20October%202021.pdf
- Appraisal letter: https://mstoken.art/wp-content/uploads/2021/05/MSAppraisal.pdf
About IX Swap
IX Swap is a next-generation platform that leverages DeFi services backed by CeFi regulatory compliance to facilitate safe and convenient issuance, listing, and trading of security tokens and fractionalized NFTs.
By bridging the gap between traditional finance and innovative blockchain-based solutions, IX Swap is paving the way in democratizing access to traditional financial markets that have never been done before.
Originally published at https://ixswap.io on March 28, 2022.