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Mercury Protocol (GMT)

ICO

Last updated: May 04, 2018

Mercury Protocol is a decentralized protocol built on the Ethereum blockchain. It allows applications to integrate Global Messaging Tokens (GMT) as a way to measure and reward user participation within communication platforms.

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Overview

Project industry	Social Network & Communication
Whitepaper	Open

Technical details

Global Messaging Token (GMT) is an ERC20 standard token built on top of Ethereum. GMT is designed for various utilities in messaging apps. Dust is the first application to use this token, followed by Broadcast.

What is Mercury Protocol

1-to-1: Conversations - Cross platform messaging + content - Encrypt messages - Large file size - Extend lifetime of a message 1-to-Many: Announcements - Ability to send content to a targeted demographic - Premium interactions (e.g., special likes or comments) Many-to-Many: Discussions - Premium message types (Add visual flair, inline polls, etc.) - Community-driven moderation

Details

Public sales: Oct 24, 2017 - Nov 24, 2017
Raised: 9,802,414 USD

Token info

Ticker: GMT
Token price in USD: 1 GMT = 0.043 USD
Accepted currencies: ETH
Token distribution:
1 Billion Global Messaging Tokens 200M - User Growth Pool 600M - Available for purchase 125M - Development team & Advisers 75M - Application developers GMT tokens allocated to founders, advisors and staff members are subject to a 6 month lockup period: 50% will be released after the first 3 months and the remaining 50% after 6 months.

Mercury Protocol Roadmap

2014

Radical App LLC was founded
Dust was founded
Over 1 million messages sent per day

2015

In-memory patent application filed
Blast feature implemented
5 million messages sent per day

2016

1 million users
Long polling added
1 billion messages sent on Dust

2017 August

Begin Mercury Protocol development
GMT token launch announcement. Release whitepaper.

2017 September

Deployed GMT token contracts to Ethereum testnet Rinkeby
Begin internal admin testing of the smart contracts on the test network

2017 October

Independent security audits completed
Security audits for GMT token smart contacts successfully completed by Open Zeppelin
GMT token launch
Launch GMT token smart contracts onto Ethereum mainnet and begin token launch.
If successfully completed, the GMT token launch will provide us with funding for the next stage of Mercury Protocol development
Release blog post explaining decentralized governance proposal
Decentralized governance will allow stakeholders to generate, inspect and vote on proposed updates to the protocol. We will release more details in the blog post.

2017 November

Begin implementation of decentralized governance smart contracts
Complete independent security audits of decentralized governance smart contacts
GMT Logo

2017 December

Launch web UI for decentralized governance
Ship v1.0.0 of Broadcast
The Broadcast app project is in pre-alpha, and we are on target to have a first version in market by end of year.

2018+

Continue development of Mercury Protocol