Building a financial ecosystem, an Indexed security token
REYKJAVÍK, Iceland, June 28, 2023 /PRNewswire/ -- MyntExchange is a blockchain based exchange platform that focuses on offering tokenized securities. MyntPay is the native currency of the platform, and it serves as a medium of exchange and unit of accounting for all security tokens listed on the exchange. MyntCoin, on the other hand, is an indexed fund token that tracks the value of all security tokens listed on the exchange.
- MyntCoin, on the other hand, is an indexed fund token that tracks the value of all security tokens listed on the exchange.
- MyntExchange is at the forefront of this trend, offering businesses the opportunity to tokenize their assets and raise capital through the sale of asset-backed security tokens.
- MyntPay is the utility token of the MyntExchange and, as the life blood of the MyntEcosystem, has several different use cases.
- Companies listing on the MyntExchange platform agree to swap 2% of securities to be tokenized in an exchange for MyntCoin the Indexed fund security token with 20% load on Myntcoin's value in this one time Swap.