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The MCT token has been in development since March 2018, and was created to solve a limitation in the smart contract functionality of NEO. Whilst NEO smart contracts can receive funds, it has not yet been possible to programatically trigger a send action on-chain. Send transactions require triggering by an external piece of code that exists off-chain, such as a wallet.
This is often a stumbling block for smart contract developers who may migrate from Ethereum.MCT solves this issue by first modifying the existing NEP-5 “transfer” implementation, adding the “GetContract(scripthash)” NEO API call. Upon transferring MCT tokens to a smart contract, the MCT smart contract will check the receiving scripthash against all the deployed smart contracts on the network. If a match is found, it will then invoke the “OnTokenTransfer” operation in the receiving contract.
Token Status and Distribution
Total token supply: 0.58 billion
Airdrop: 0.57442 billion (distributed into 404,453 NEO addresses）
Development costs and ongoing support.：2%
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