Blog Crypto MyConstant: Building a Financial Ecosystem for Digital Assets

MyConstant: Building a Financial Ecosystem for Digital Assets

date June 7, 2022 time 9 min read 420 views

The MyConstant story began in 2019, as a humble stablecoin project. We’ve been on an exciting journey ever since, building a financial ecosystem for crypto and other digital assets, with over 200,000 customers in the US and beyond. And the journey doesn’t stop here.

MyConstant homepage

This year alone we’re launching our own cryptocurrency, setting up an innovative NFT lending protocol, and NFT gaming hub. We’re well on our way to building a financial ecosystem for your digital assets – a one stop shop for you to maximize your earning potential.

In this post, we’re going to go on a deep dive into our new native token—MCT—as well as looking at the team behind the project. 

What is MyConstant?

At its core, MyConstant is a crypto-backed P2P lending platform, supporting over 80 cryptocurrencies. It has since expanded and is well on its way to becoming a digital bank, allowing you to unlock the true value of your digital assets. 

A Financial Ecosystem for Your Digital Assets

It’s now a platform where you can manage and grow your assets, whether it’s through loans, staking, or investments. You can also swap your crypto easily and cheaply, so you can optimize your potential returns. We’ve also recently released our new native token—MCT—which we will cover more later on.

But first, let’s take a look at some of the key features of the MyConstant financial ecosystem:

  • Crypto lend: Lend selected cryptocurrencies and earn up to 15% APY—which can be withdrawn at any time.
MyConstant offers one of the leading interest rates for USDT and USDC.
MyConstant offers one of the leading interest rates for USDT and USDC. (Source: MyConstant)
  • Crypto-Backed Loans: Users can use their crypto as collateral to borrow USD or another crypto for as low as 0% APR. Loans can be deposited within minutes.
  • Fixed-term investments: Users can lend USD and earn up to 7% APR.
  • Crypto Swap: A quick and easy way to exchange your crypto.
  • MCT Staking: Holders can stake MCT for up to 18% APR for fixed terms of up to six months.
  • Futures: Offers a way to make profit (or a loss) by predicting the crypto market. 
  • Short-Selling: Allows users to make a potential profit when their selected crypto price falls.
  • Lending Lottery: A lottery based on the UK’s Premium Bonds model, earning users 1% APR plus prizes of up to $10m.
  • Debit card: A virtual card that allows MyConstant account holders to spend directly from the platform. (For US-based customers only)

MCT Membership Program

We’ve added a new, dynamic membership program to offer real rewards for you. Tiered into four levels, the program is designed to incentivize you to hold MCT and use our platform. The membership categories are:

  • BASE: Less than 3% MCT in Portfolio
  • GOLD: 3% – < 7.5% MCT in Portfolio
  • PLATINUM: 7.5% – < 15% MCT in Portfolio
  • DIAMOND: From 15% MCT in Portfolio
The MyConstant Membership Program is one of the most rewarding in the industry.
The MyConstant Membership Program is one of the most rewarding in the industry. (Source: MyConstant)

The membership kicks in automatically when you buy and hold MCT on our platform, which means you could enjoy these benefits right away:

  • Crypto Lend: Earn up to 15% APY.
  • Crypto-backed loans: Pay from just 3.6% APR.
  • Fixed-term investments: Earn up to 8.4% APR.
  • Crypto Swap: Up to 90% discount on swapping fees.
  • Lending Lottery: Earn up to 1.2% and up to 4 extra tickets for every $2,000 invested.
  • Referral program: Earn up to $20 and up to 20% of referee’s interest.

To get a full picture of our membership program, check out our recent blog on how it gives you crypto rewards.

Introducing the MCT Token

As part of our journey to becoming a financial ecosystem for all digital assets, we’ve recently launched MCT – our new native token. It’s a BEP20 token on the Binance Smart Chain, which is designed to be utilized on our financial ecosystem. 

We’ve already outlined many of the benefits in the section above, with the overall purpose being to allow you to fully utilize our wider financial ecosystem.

We will eventually have 900,000,000 MCT in circulation, which is being released in stages. We’re avoiding the risk of a “pump and dump” move by not having an ICO. Instead, we’ve decided to simply list our token on PancakeSwap for a launch price of $0.10. We also conducted a private sale – which sold 162,000,000.00 MCT (18% of max supply), at $0.01.

The first release took place in May 2022, with 149,000,000 tokens now in circulation – 16.56% of our maximum supply.

How Will the Funds be Used?

As an ambitious platform, we will be using the funds to support our growth. This is a long-term project, with long-term goals – and our plan for the funds reflect this:

Use of FundsPercentage
Expanding our US market60%
Expanding our international market (Outside the US)15%
Platform development15%
Legal registration10%

At present, the vast majority of our 200,000 users are based in the US but we are confident there’s room for even more growth in this market. We’re also developing strong links with partners all over the world, which will provide another source of new customers.

And with 15% of funds being committed to platform development, we can expect new and enhanced products being developed in the coming months and years.

MCT Distribution

The tokenomics of our token is aimed at supporting the development of our platform and community. We are committed to giving 50% of the total MCT supply to the community as rewards for using our platform and ecosystem. Here’s the full breakdown of the MCT distribution:

MCT Distribution
ChannelPercentageAllocation (MCT)
Token sale (For investment, seed funding)20%180,000,000.00
Core team (Development and rewards)20%180,000,000.00
Treasury (Financial safekeeping/back up funds)10%90,000,000.00
Community (Rewards for the MCT community)50%450,000,000.00
Total Maximum Supply (To be distributed over four years)100%900,000,000.00

MCT Vesting Process

This vesting process, releasing tokens every few months, over a time span of up to 48 months, is designed to bring stability to MCT, reducing the risk of market manipulation. We are committed to the project for the long-term and we’re not interested in any short-term gains.

Here’s our vesting plan in more detail. Please note that we have different schedules for each allocation:

Channel (Allocation)Vesting Plan
Token Sale (180,000,000)18 months vesting, distributing 25% every 6 months
Core Team (180,000,000)4 years vesting, distributing 20% each year
Treasury (90,000,000)2 years vesting, distributing 20% every 6 months
Community (450,000,000)4 years vesting, distributing 11.1% every 6 months

Initial Market Cap 

The initial supply is 149 million MCT tokens which represent 16.5% of the maximum supply. This supply will gradually increase based on the distribution plan as described in the MCT Token Distribution table above.

The initial launch price was $0.10 and listed on PancakeSwap. One month on from the MCT launch, the market cap has reached over $850,000 – as detailed in the table below:

Allocated MCTPercentage of MCT
Based on Max Supply
MCT Price per Token – USDInitial Market Cap – USD
Private Sale40,500,000.004.50%0.01405,000.00
Public Sale on PancakeSwap4,500,000.000.50%0.10450,000.00

We fully expect the cap to grow strongly over the coming months.

Where to Buy and Trade MCT

If you’re outside the US, then you can buy MCT on our website, through our Crypto Swap function—where you can easily swap one of your cryptos for MCT.

You can easily swap your crypto for MCT on our platform.
You can easily swap your crypto for MCT on our platform. (Source: MyConstant)

Alternatively, if you’re in the US, you can go to PancakeSwap and purchase the MCT there. If you’re not sure how to use PancakeSwap, fear not! We’ve got you covered with a useful guide

Innovative Transactions and Security

We want to make it as easy and secure as possible for you to make transactions on our platform. As a result, we’ve come up with some innovative solutions to ensure the security and accessibility of your funds.

AI Fraud Protection

One of the biggest challenges we face online is the risk of digital fraud. We use specialist AI fraud protection software to detect and prevent fraudulent transactions and attacks.

ACH Score

For fiat (USD) transactions, we use the ACH credit score system. The higher your ACH score, the more ACH transactions you can complete at the same time. It’ll also give you a higher credit score.

MyConstant Oracle

This is our in-house asset management solution, which is tailored to our needs. It has five components:

  • Asset management distribution: How we manage assets and collateral in the cold and hot wallets. Depending on the liquidity of the token and the stage of the market, we will decide on the percentage of assets in the cold and hot wallets accordingly.
  • Data analytics prediction model: We have built a model to predict customer behavior more precisely to determine the balance between hot and cold storage for more efficient operations.
  • Wallet management: we integrate different blockchains to accept deposits from multiple chains, providing convenience for customers in terms of swapping and management. This feature also allows customers to keep track of their assets and swap between them instantly.
  • Real-time assets monitoring: We monitor asset value from multiple sources in both decentralized and centralized exchanges to determine liquidation points, limits on loans, and so on.
  • Automatic notifications: The system informs customers of changes to the platform and makes sure they are aware of their transactions on MyConstant.

The purpose of the MyConstant Oracle is to manage the risks as much as possible, while maximizing the value of your assets.

MyConstant Roadmap

We’re now about half-way through our 2022 roadmap and we’re delighted to say we’ve achieved all our targets so far. The second half of 2022 is set to be an exciting one, with the new Pawn Protocol nearing official launch. 

MyConstant Roadmap

The Pawn Protocol is our innovative solution to liquifying NFT assets, through lending. It has already attracted funding from the NEAR ecosystem and further support from Polygon and Fantom. 

The NFTy Gaming Guild is also in the pipeline, which will serve as a hub for all play-to-earn gamers.

It is a roadmap to becoming the go to financial ecosystem for digital assets.

Our Team

We’ve got a vibrant team of creatives and developers from all over the world. We now have over 50 employees based across the US and Vietnam. Here’s our leadership team:

Duy Huynh. Founder of MyConstant

Duy is a serial entrepreneur with a strong track record of building profitable startups. He started his first business,, from his garage and it’s now one of the market leaders in smart office furniture for remote and hybrid workers all over the world.

Duy has been particularly invested in crypto-related projects, culminating in founding the MyConstant “Metaverse” Bank and many other growing projects.

Duy spends most of his days studying the great economic thinkers of the last 100 years and turning their ideas into unstoppable lines of code. Prior to MyConstant, Duy was a software architect at IBM. 

He then founded Autonomous, putting AI and Robotics into 350,000 modern workspaces all over the world in less than 2 years. At age 19, Duy was a PhD computer science researcher funded by NASA, the Semantic Web and Fujitsu. As a competitive programmer, he was an ACM ICPC World Finalist, USA Computing Olympiad winner, and Vietnam Computing Olympiad winner.

Doanh “Zon” Chu. CEO of MyConstant

Before MyConstant, Zon spent 15 years as full-stack developer, project manager, and technical director for e-commerce and social network companies in Vietnam and the USA. His e-commerce app for Nguyen Kim, one of the top regional retailers in the Asia-Pacific region, hit 4 million users in just two years.

Zon was also technical director at Viettel Group, where he designed software to manage its 50,000 employees and provide telecommunications services to 63 million subscribers across Asia, Africa, and the Americas.

Now he’s leading the transformation of MyConstant, from being a humble stablecoin project into a financial ecosystem for your digital assets.

Hieu Nguyen, Back-end Engineer

Hieu has over 13 years of experience in building the backbone of multiple technology projects within the Asia-Pacific region. His dedication to the development of Viettel Group helped it become one of the leading social media platforms in Vietnam in 2010. He is now in charge of all back-end development of MyConstant and designing the tokenomics of the product.

Duy Nguyen, Back-end Architect

After five years in Viettel Telecom, one of the leading telecoms companies in Vietnam, Duy left to become a core team member at Vodi where he created a telecoms token. He’s now in charge of the infrastructure of MyConstant and token development.

Andy Tran, Head of Customer Operations

Andy graduated with an MA in Applied Linguistics at Macquarie University, Sydney. You’ll find him in our Telegram group, answering your Facebook Messenger queries, and sharing your feedback with the team to make MyConstant better. Andy is ready to help you no matter the time of day.

Trevor Kraus, Communications Manager

A New Jersey native, Trevor has a BA in marketing and was previously copywriter for an investment firm as well as a tourism company in Ho Chi Minh City. When he’s not responding to customer queries on TrustPilot, Trevor can be found making helpful tutorials on YouTube, writing blog articles and hosting the Alternative Investing podcast.

George Schooling, Content and Community Manager

George is from the UK and graduated with a BA in political science. After many years working for an auction house, George moved to Ho Chi Minh City in 2017, where he joined a mergers & acquisitions firm. He’s responsible for much of the content on the MyConstant website, publishing blog articles and writing newsletters.

My Phan, Head of Finance

My Phan brings vast finance and accounting expertise to MyConstant. Most recently, she was a senior accountant for a regional CPA firm where she led multiple teams to provide full accounting functions for clients in various industries. My Phan has a BA in Business Economics with an emphasis in accounting from the University of California, Los Angeles. 

She is a licensed CPA in the state of California.

Nathaniel Whitmyer, Head of Customer Service

Nathaniel is our customer support lead in the US, and has been at MyConstant since it launched in 2019. He brings over 12 years of financial and customer support experience, having worked at Wells Fargo and Americor. You’ll find Nathaniel ready to help you on all of our communication channels. Fun fact: Nathaniel is an aspiring author.

Our Community

We have a vibrant community, with over 200,000 customers from around the world using our financial ecosystem. The team can be reached by the Live Chat feature on our website, and we’re always on hand to help. 

You can join our community today by signing up to MyConstant right here.

Learn more about MyConstant and MCT from the following links:

  1. Website
  2. Twitter
  3. Facebook
  4. Youtube
  5. Discord
  6. Instagram
  7. LinkedIn
  8. Github
  9. App downloads: 80,000 downloads
  10. Registered users: 200,000+
  11. MCT Token Holders: 600+ addresses
  12. MCT on PancakeSwap

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George Schooling

George Schooling

Buy MCT token with ease and enjoy the staking rate of up to 12% APR

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