Metal Packaging Token - A Blockchain-Based Solution To Improve Cost-Effectiveness Within The Metal Packaging Industry

STARTER INFORMATION

With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, Metal Packaging Token will create a decentralized currency which will be useable to pay for all products packed in metal containers.

"In this new era, the consumption behaviors of people differ greatly compared to the previous periods of human history. Even social stratification in some societies has been shaped by the consumption habits of individuals. Therefore, consumption has become one of the most important concepts of social life in the period we live in.

However, the new consumption concept has some environmental impacts. Pleasure-centered individuals consume much more than previously consumed people, and consumed objects are often left on the planet as waste. The high demand for goods caused by this increase in consumption leads to more production. As production increases, consumption is increased to a greater extent by advertising and other marketing techniques used to achieve consumption. A vicious cycle of production and consumption is thus triggered. It would not be wrong to say that this crazy volume increase, which is referred to as “economic growth" by the economic circles, has much more environmental damages than supposed and constitutes a pessimistic picture of the future of the planet we live in."

With that being said, MPT will be the new standard to be used as payment to commercial agents (within the metal packaging industry), instead of commissions (fees) in fiat currencies.

Now that I have your attention, let’s get right to it.

What exactly is Metal Packaging Token?

The aim of MPT is to promote the world's metal packaging industry.

In doing so, MPT believes that the planet used in packaging will reduce the volume of less healthy materials.

The Aims

MPT will reward individual users with MPT tokens, when returning empty metal cans to MPT deposit points.

MPT will create a decentralized currency which will be useable to pay for all products packed in metal containers.

MPT will be useable to pay for all products/services, that contribute to the metal packaging industry.

MPT will be the new standard to be used as payment to commercial agents (within the metal packaging industry), instead of commissions (fees) in fiat currencies.

MPT will be used horizontally and vertically through the whole metal packaging supply chain.

MPT will reduce the magnitude of secondary/declassified material trading.

MPT will strive to have steel producers back MPT’s token value by a (small) percentage of their production capacity.

How It Works?

The first target market of MPT will be the end of consumers. MPT will reward end-users who return empty metal packaging containers (after use) to specific MPT beds. How will this system work? MPT’s two founding partners have extensive technical and commercial experience in the metal packaging industry.

Together with heir partnership (currently under NDA), MPT will ensure that a unique material-related ”(tin/aluminum/ TFS) and“ weight-related QR code is printed on all metal packaging containers. Each identical body (material + weight basis) will have the same QR code. Different boxes (material/weight) will have a different QR code. The QR code represents a predetermined amount of MPT tokens that will be transferred to the recipient's wallet after the boxes have been dropped to an MPT release point. Each MPT deposit point also has a unique embedded QR code (location-related).

This feature will greatly facilitate place recycling location-statistics ”. The MPT will know exactly which geographical locations work well and which locations deserve more attention. By scanning the boxes in the MPT deposit scanner, the MPT deposition point printer will generate a receipt with another unique QR code representing the total MPT amount for the total of newly deposited boxes. The MPT mobile application then scans this QR code on the received receipt, which will immediately transfer the MPT to the depositor's mobile wallet. Individuals will be encouraged to sort, collect and deposit empty boxes.

The MPT depository machine only turns on when an MPT QR code is scanned. Internally, the machine will separate the steel from aluminum by magnetism and will have an internal scrap compactor that facilitates emptying with built-in waste disposal services. MPT held several meetings with potential manufacturers of their future with a “life recycling machine”. The main outcome of these meetings is that the cost price of an MPT recycling machine prototype will be approximately US $ 20,000. Needless to say, along with the increased volume, the production cost will result in substantially lower figures.

Why Metal Packaging Token Stands Out?

In addition to the obvious reason that MPT really help the environment by holding MPT tokens, and therefore the welfare of our planet, that MPT tokens become exchangeable in (decentralized) exchanges. This means that owners can trade for EOS or other encryption currencies. In this way, payment in fiat currencies would, of course, be possible.

Although MPT tokens can be traded or exchanged on the stock exchanges, MPT team, believe that using tokens will result in a much better result for all interested parties.

Metal Packaging Token Community sale

Metal Packaging Token has started its Community Sale of 600 million MPT in the month of June. One of the main objectives within the Metal Packaging Token project (MPT) is to be transparent towards the whole community involved in it. For this reason MPT have created a transparent, unique and innovative mechanism for the distribution of MPT tokens.

Community Sale price 1 EOS = 5000 MPT

Minimum purchasing amount: 1 EOS

By transferring any amount of EOS (minimum 1) to the crowdsale account, during the established time frame of MPT’s community sale (June 20th – July 18th), the equivalent amount of MPT will be instantly credited to your EOS account.

Token Allocation

The MPT is an EOS token with a supply of 1.8 Billion units that will be allocated according to the following split

ROADMAP

MEET THE AMAZING TEAM

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://www.metpacktoken.org/

Whitepaper: https://www.metpacktoken.org/wp-content/uploads/2018/12/MPT-Whitepaper-1.0.4.pdf

MPT Bitcointalk ANN: https://bitcointalk.org/index.php?topic=5151516

Twitter: https://twitter.com/MetPackToken

Reddit: http://www.reddit.com/r/MetalPackagingToken/

Telegram: https://t.me/joinchat/GHpqDxLMYCvr2_g9PvwRCw

Community Sale: https://www.metpacktoken.org/community-sale-2019/

Author: Cryptoholical

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2487106

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.