What is MEW coin? Introduction to the issue price, total amount and white paper of MEW coins

MEW Coin (MEWC), associated with the renowned MyEtherWallet (MEW) platform, offers utility and governance rights, providing premium features, voting rights, and economic incentives within the MEW ecosystem.

Oct 11, 2024 at 09:35 pm

What is MEW Coin?

MEW Coin (MEWC), also known as MyEtherWallet Token, is a cryptocurrency associated with the MyEtherWallet (MEW) platform, a popular non-custodial Ethereum wallet. MEWC provides additional utility and governance rights within the MEW ecosystem.

Issue Price and Total Supply

• Issue Price: MEWC was initially offered in an initial coin offering (ICO) on March 14, 2017, at a price of $0.10 per token.
• Total Supply: There is a fixed supply of 150 million MEWC.

White Paper

The official MEW Coin white paper was released on February 27, 2017. It provides detailed information on the following aspects of the coin:

1. Utility:

• Access to premium features and services within the MEW ecosystem, such as advanced wallet management and token swapping.
• Use as a payment method for gas fees and other transactions on the MEW platform.

2. Governance:

• Voting rights for MEWC holders on proposals related to the direction and development of the MEW platform.
• Participation in community governance through the MEW Decentralized Autonomous Organization (DAO).

3. Economic Model:

• Tokenomics designed to incentivize long-term holding and foster community engagement.
• Regular coin burns to reduce the circulating supply and increase the intrinsic value of MEWC.

4. Security:

• Built on the secure Ethereum blockchain, providing strong cryptography and protection against unauthorized access.
• Managed by a decentralized and transparent governance system to ensure accountability and prevent centralization.

5. Roadmap:

• Outlines plans for future developments and milestones of the MEW platform and the MEW Coin ecosystem.