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7M Tokens Claimed in First MBG Pre-Sale as MultiBank Prepares for Final Phase
In a remarkable turn of events, the first pre-sale round of MultiBank Group’s (MBG) token sale has concluded with an astonishing 7 million tokens claimed. This monumental achievement took place within a mere hour, further solidifying the company’s position in the Web3 space.
The impressive turnout comes as no surprise, considering the offering’s unique value proposition and robust backing from a 20-year-old global financial institution with a daily trading volume of $35 billion. The MBG token, priced at $0.35 per unit, generated approximately $2.45 million during the sale.
The MBG token is designed to function as a utility token within MultiBank Group’s digital ecosystem, offering traders and investors access to exclusive benefits such as discounts on trading fees, staking rewards, loyalty program incentives, and early access to innovative products. Furthermore, it will serve as an entry point for the company’s $3 billion tokenized real estate initiative in Dubai.
Chairman of MultiBank Group, Naser Taher, attributes the overwhelming demand to a vote of confidence in the MBG token’s potential as a long-term solution for users, rather than just a speculative play. He believes that this development marks a crucial step forward in redefining the Web3 landscape.
The MBG token’s unique tokenomics feature a $440 million buyback and burn program, which is funded by platform revenues. This deflationary approach aims to align the token’s value with ongoing usage, ensuring stability and predictability for investors and users alike.
In preparation for its final phase, MultiBank Group has announced an upcoming second pre-sale round. This development will grant early adopters the opportunity to stake their tokens for yield, utilize loyalty features, and access the company’s forthcoming suite of products and services.
Industry observers note that the remarkable demand seen in this first pre-sale may indicate a growing shift towards tokens backed by real-world assets, such as real estate or commodities. While many other projects focus solely on speculative appeal, MBG is positioned to bridge the gap between traditional finance and DeFi innovation.
Source: blockonomi.com
