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.
More information
Sign up on IX Swap now and start to trade MSTO Tokens https://app.ixswap.io/.