Question 1

What is the current price of Master Contract Token (MCT)?

Accepted Answer

Master Contract Token (MCT) is currently priced at ADA 0.00473198. The price may vary depending on the market conditions.

Question 2

What is Master Contract Token (MCT)?

Accepted Answer

Master Contract Token (MCT) is a unique token implementation that complies with the NEP-5 standard but adds extra features. The most notable addition is the ability for third-party smart contracts to send, receive, and hold MCT. This feature was created to tackle a major limitation in the NEO Smart Economy: smart contracts can receive but cannot send funds without input from off-chain code.

Question 3

Who created Master Contract Token?

Accepted Answer

Master Contract Token is a product of the Splyse team. Splyse is a tech company focused on the development of innovative blockchain-centric solutions. They have identified a limitation in the NEO Smart Economy system and have built MCT to help overcome this challenge.

Question 4

How does Master Contract Token work?

Accepted Answer

In the NEO Smart Economy, while smart contracts can receive system assets like NEO or GAS, they can't send these funds in a single operation. Additionally, current NEP-5 tokens have limitations such as the lack of notifications to the smart contract when tokens are sent, and the inability of the smart contract to spend tokens it holds without coordination from an off-chain wallet holding the owner's key. To overcome these limitations, Master Contract Token (MCT) was developed. MCT not only complies with the NEP-5 standard but also allows third-party smart contracts to send, receive, and hold it, making transactions more efficient and smooth in the NEO ecosystem.

Question 5

What makes Master Contract Token unique?

Accepted Answer

The uniqueness of Master Contract Token lies in its ability to facilitate automated exchanges of value between smart contracts and users in the NEO ecosystem. Unlike standard NEP-5 tokens, it can handle transactions without the assistance of off-chain code. This makes MCT an essential tool for enhancing the functionality and efficiency of operations within the NEO blockchain environment.

Question 6

What is the circulating supply of Master Contract Token?

Accepted Answer

The circulating supply of Master Contract Token is currently at .

Question 7

Where can you buy Master Contract Token (MCT)?

Accepted Answer

You can purchase Master Contract Token (MCT) from various exchanges, such as Hotbit. Always remember to use platforms that have a strong reputation for security to ensure the safety of your transaction.

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