MYCE 101 Whitepaper

  1. VISION
  2. YCE COIN
  3. CITIZENSHIP
  4. BLOCKCHAIN PRODUCTS
  5. MARKETING
  6. FINANCE

MYCE Vision

“Creating amazing underground networks that are unseen but sprout up as beautiful mushrooms.”

Nature represents a collective behavior that technology allows us to replicate. Moving en masse in the same direction. A natural move easily replicable for humans when economic interests are aligned.

An emergent behavior arising from simple rules followed without any central coordination.

Blockchain economics are still infant on their development. Myce aims to create a technology ecosystem that can help replicate this natural model that follows three rules:

  • Move in the same direction
  • Remain close
  • Avoid collisions

 

YCE COIN – An independent digital asset

Genesis block: 1st of March 2018

The YCE Coin is a digital asset with features for everyday use.

An open-source blockchain platform, providing access to powerful features developed by an active team.

YCE coin harnesses the very latest blockchain technology. A proof-of-stake consensus algorithm that solves sustainability problems and is inherently more secure by design.

Every user has custom-developed software to interact with Myce blockchain that functions across every operating system with open source code. For a complete technical understanding of Myce Blockchain features our public Github is the best reference.

MYCE CITIZENS

One special aspect of a blockchain project is the trustless contract between a user and the blockchain. They trust the network, even though individuals do not know or trust each other for the system to work.

On a traditional company, only a few individuals have an opportunity to get involved. On Myce, every user can take part by presenting a proposal to work on, but only Citizens decide on approval.

An individual does not need to sign any paperwork to become a Citizen, they simply need to accumulate 100,000 YCE and run a Myce Masternode. Keeping a Masternode online is an easy 10-minute task.

A Citizen has an active role in blockchain validation and that is the reason they receive the equivalent of a percentage of the daily new coins the blockchain produces.

There is also a second possible way to actively support the blockchain and receive rewards. Known as staking and there is no need to have a minimum amount of coins to participate.

SIMPLE BLOCKCHAIN PRODUCTS

MYCE builds products that relay blockchain information. They act as a gateway between crypto users and blockchain simplifying and removing the technicalities.

It turns blockchain interactions into simple experiences.

These products generate the required revenue for MYCE to be self-sustainable without external investments. MYCE Bots handled more than 50 Millon USD worth of tokens for clients in critical areas since March 2018.

“We are teaming up with MYCE to realize our vision of decentralized customer support, deploying blockchain support bots to boost our operational capacity. “

Cryptobridge – A Top 100th Exchange Coinmarketcap.com

As technology evolves, products are growing beyond the use of only bots.

MYCE Brand awareness

MYCE develops products that have customers. The challenge is to convert clients into Citizens of MYCE. Creative approaches are needed to transform us not only into a solutions provider but also into an ecosystem of opportunities that acts as a closed group of aligned members.

The full potential of MYCE depends on ordering and enhancing the ambition of existing MYCE Citizens.

A better approach to help, one that involves partnering to innovate and achieve winning scenarios in which we can activate commitment and where, at the same time, we can provide profitable products and services.

None acts better as a propagator of a successful message than an active and convinced user in a project. This is a real marketing challenge.

Finance

MYCE never received external investment.

Myce is self-funded with payments that come from the products we develop. This is how businesses survive and we shouldn’t underestimate the value of having products used by real crypto users.

Myce is a platform that can address the limitations of conventional institutions with blockchain-based technological breakthroughs. A financial digital infrastructure that seamlessly integrates with already working solutions. 

It’s not necessary for us to provide every product or service that a customer may need. What is currently missing is a channel through which banked and unbanked users alike can access financial products provisioned by third parties.