# What is Multicoin (MTCN)?
The Multicoin (MTCN) is an ERC-20 utility and governance token used within the Boom ecosystem. 

# What is Boom? 
According to the world bank, 1.7 billion adults (including one billion women) in Africa, Latin America and South-East Asia, and certain parts of Europe and North America representing 35% of the world's adult population, have no bank accounts and are thus excluded from the global digital economy. 

These people have never shopped online and neither have they ever been able to offer their goods and services for sale on the Internet. 

Boom launched in private beta in Q2 2022 as an integrated e-commerce marketplace and cryptocurrency wallet that will allow anyone to buy and sell online without a bank account and without fees. 

Boom consists of an e-commerce marketplace, a native ERC-20 token, the Multicoin (MTCN) which is the sole medium-of-exchange on Boom, a built-in wallet for payments, a secure text, audio and video messaging for communication and social media for community building and management. 

# Who is the Founder of Boom and MTCN? 
Peter Alfred-Adekeye is the Founder and CEO of Boom and creator of MTCN. 

Peter is a serial entrepreneur that has enjoyed an incredible career, from his first startup which exported sustainable teak wood from Nigeria to India in his twenties, to evangelizing about technology in Palo Alto, California, to being name-checked in the pages of UK Vogue. 

Peter was raised in Lagos by his British-Nigerian Royal Navy veteran father, he now calls Paris, Zurich, London, and Monaco home, but is truly a citizen of the world. 

After a stint as an engineer and a technical leader at Cisco in the 2000s helping to maintain the integrity of the software systems that power the internet, Peter set up Multiven in Palo Alto. Its goal of independent internet software maintenance and cyber-defense prompted a series of successful legal battles with Cisco that eventually helped to set the internet free, paving the way for today’s cheaper and safer online world. Multiven’s customer base ranges from Fortune 500 companies to government agencies. It includes AB InBev, (the world’s largest brewer), Barclays Bank, Orange, Dassault Systems, TF1, (France’s most popular TV station), the US Department of Defense (Army, Navy, and Air Force), Thales, Capgemini, HP, IKEA, the Dutch National Police, MIT, and many more. 

To create Boom, Peter drew on his deep knowledge of blockchain. He founded the Pingsta intellectual network for engineers, cryptographers, and scientists in 2007; its members included the late renowned cryptographer Hal Finney who was integral to the birth of bitcoin. 

Peter holds a BSc in Civil Engineering from Obafemi Awolowo University in Nigeria and attended the Leadership Executive Program at Stanford University in the US. 

https://adekeye.family/ 

# What makes MTCN unique? 
MTCN is Boom’s native utility token that transmits value between transacting parties within the Boom ecosystem. MTCN is required to process all the transactions within Boom. Additionally, MTCN will also be required for future products and services, offered within the Boom ecosystem. 

MTCN is also a governance token allowing MTCN holders to participate in the key decisions regarding the Boom ecosystem evolutions and will support community-driven initiatives. 

# What are the MTCN Tokenomics? 
Total maximum supply: 2,000,000,000 (already fully minted)
Boom Foundation allocation: 700,000,000 
Boom Team & investors allocation: 300,000,000 
Reserve allocation: 1,000,000,000 

The 1,000,000,000 MTCN reserve will be used for future development projects within the Boom ecosystem creating long-term value for MTCN holders. 

The Boom Team has full lock-up period until 1st of January 2025. 

# How is the MTCN network secured? 
MTCN is an ERC-20 token launched on the Ethereum blockchain. As a result, it is secured by Ethereum’s Proof-of-Stake (PoS) consensus mechanism. 

# Where can you buy MTCN? 
MTCN can be purchased directly through the Boom wallet and from certified resellers globally with cash, over the counter. In the future, it will also be available on various centralized and decentralized exchanges. 

At launch, MTCNs will be convertible into ETH, USDT and EUR as well local currencies of the countries where Boom is available e.g., MTCN/ NGN. Over time, more pairs will be added, and we intend to list MTCN on some of the major exchanges for additional liquidity. 

# Related pages
https://boom.market/
https://twitter.com/Boomdotmarket
https://www.linkedin.com/company/boom-market/mycompany/
https://cointelegraph.com/press-releases/new-social-e-commerce-platform-boom-going-live-offering-multicoins-for-sale-to-qualified-investors
https://medium.com/@AurelienBoom/boom-a-new-social-e-commerce-platform-that-enables-consumers-to-buy-sell-and-pay-for-everything-5ca1d45d7704
https://guardian.ng/news/nigeria/boom-to-encourage-e-commerce-global-trading/
https://cryptogainn.com/boom-to-drive-financial-inclusion-across-africa-leveraging-blockchain-technology/
https://youtube.com/channel/UCSoB3AKxARUsPTXBhYuyy_Q
https://youtu.be/7hEMGx18ET4
https://youtu.be/1k1uuMrHFGE


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