Mothership is a digital asset exchange, EU token marketplace, and wallet. Find out everything you need to know about Mothership today in our review.
What Is MOTHERSHIP?
Mothership is a cryptocurrency exchange built in Estonia. The company consists of a new token market, an exchange, cloud hosting services, and a wallet. The entire platform is catered particularly to Estonian e-residents. Although the platform will be available to everyone, e-residents will be able to make the most out of it.
Overall, Mothership’s mission is to make Estonia the best place for blockchain companies. To do that, the company has built a quick and easy KYC process. Using the Mothership token market, companies can easily launch ICOs.
Other services available through the company include the ability to accept payments in multiple currencies (say, for an ICO), access legal help, and get verified quickly.
Ultimately, the Mothership exchange provides a link between banks and cryptocurrency markets. The exchange is targeted towards consumers who want to invest in ICOs, as well as companies that wish to begin a crowdfunding campaign through an ICO.
Today, Mothership is still in the early stages of development. Developers have created a prototype of the exchange, but as of July 8, 2017, “it’s still a long way to go until the release”, according to a recent developer interview.
The Mothership ICO began on July 7, 2017.
How Does MOTHERSHIP Work?
Mothership is built to attract companies to Estonia in partnership with the country’s unique e-residency program. However, the platform is open and accessible to anyone, regardless of nationality.
Estonia’s e-residency program is a digital identity anyone can receive from an Estonian embassy. With an e-Residency card, you can incorporate, get a bank account, and run your business entirely online. Estonia charges a 0% corporate tax, which makes it easy for businesses to re-invest profits. Estonia is known for being a progressive country with an open, business-friendly government.
During the July ICO, Mothership released tokens. Tokens reduce fees paid on the exchange and grant customers access to priority support, professional trading features (like advanced order types), and early access to products.
In addition, Mothership is committed to buying back tokens from markets with 20% trading fees. All tokens purchased through this method will be permanently destroyed. Tokens purchased in this method will be destroyed until there’s a supply of 100,000,000 MSP (50% of the total supply) left in circulation.
Secure Cryptocurrency Exchange:
Mothership promises to provide all of the benefits of a modern digital asset exchange, including high security, strong customer service, and reliability. Mothership claims to run on the world’s best infrastructure in order to provide 24/7 uninterrupted access to markets.
When your Mothership profile is integrated with Estonia’s e-residency system, it’s very easy for individuals or corporations to become verified on the exchange. You can switch from ETH to EUR in moments, making it easy to crowdfund your Europe-based company.
A New Wallet:
Mothership gives users a new wallet connected to their Estonian e-resident digital identity. The Mothership wallet promises to combine the beat features of hardware and software wallets. Your funds are protected with digital signatures. The wallet will also perform “all the difficult stuff for you, streamlining your decisions to simply spend or save,” explains the official website.
A Token Market For The EU:
Mothership promises to democratize funding for new blockchain projects by acting as a gateway to cryptocurrency markets for Estonian blockchain companies as well as a go-to place to launch new ones. Mothership’s team will help prospective startups build a legal framework for digital assets and execute successful funding campaigns.
Cloud Hosting Platform:
Up above, we mentioned that Mothership had a cloud hosting platform in addition to its exchanges. Mothership will offer a PaaS solution for hosting applications. That platform is found in the same datacenter as the Mothership exchange. That means users can build things like high frequency trading bots, payment gateways, or other apps using any programming language. Because the apps are connected directly to the exchange, there’s minimal latency. Automatic scaling and managed runtime will allow developers to focus on what they do best – building apps.
The MOTHERSHIP ICO
The Mothership ICO began on July 7. There’s a total supply of 200,000,000 MSP. 1 ETH is equivalent to 5800 MSP.
The minimum goal of the ICO was to raise 50,000,000 MSP. All unsold tokens will be destroyed when the crowdsale ends.
As mentioned above, Mothership has a purchase plan where they will repurchase MSP on the free market using 20% of fees from Mothership products. Repurchased MSP will be permanently destroyed, and this practice will continue until 50% of the total supply is destroyed.
The crowdsale is scheduled to end on July 28, or when all tokens are sold.
Why buy tokens? Here are some of the uses for Mothership tokens:
- Access to Premium and Platinum account tiers
- Use it to access the Mothership app platform layer (where you can develop apps in any programming language built on the Mothership exchange’s own servers)
- Community curation and insight rewards
- Access to Mothership beta products
- Mothership reputation management
Mothership is led by CEO and Co-Founder Arseniy Zarechnev and CTO and Co-Founder Anton Egorov.
Before founding Mothership, Arseny co-founded Sabaka, a consultancy service for DevOps, mobile, and web development. He’s a full stack developer and entrepreneur.
Anton Egorov, on the other hand, co-founded Sabaka as a CTO with Arseny. He’s a software engineer, systems architect, and team lead with 10+ years of experience.
Mothership aims to make it easier for companies to launch ICOs in the European Union. The Estonia-based exchange is still in the early stages of development, although they do have a prototype available. The Mothership crowdsale is taking place throughout the month of July.
Mothership is unique for several reasons. One of the main reasons is that it promotes Estonia’s unique e-residency program, which allows you to visit any Estonian embassy, request a digital identity, and incorporate a company in Estonia while opening a bank account. Estonian corporations pay 0% corporate taxes, which is why this is becoming an increasingly popular option.
The platform is particularly useful for Estonian e-residents. However, it’s open and accessible to everyone regardless of their nationality.
To learn more about Mothership, visit the company online today at Mothership.cx.