The Mothership Coin is based on the ERC20 coin. It is the crypto currency that underlies Mothership and its platform.
Mothership combines a modern digital asset exchange, an EU coin marketplace and a wallet with powerful security features.
The platform can be used by everyone, but it is particularly advantageous for e-residents. Estonia introduced the e-residency card in 2014.
This is a government-issued digital ID that anyone in the world can apply for at an Estonian embassy.
A bank account can be linked to the e-residency card.
This allows entrepreneurs to work online from anywhere in the world. The e-residency comes with a digital signature, which allows you to sign contracts with customers throughout the European Union without having to be physically present.
Mothership wants to make the e-Residency even more powerful, because it allows to integrate a blockchain business in Estonia and to run it completely remotely.
To do this, the real bank account only needs to be linked to the Mothership Wallet.
The Mothership Coin in Numbers – 16.12.2017
Currently, Mothership Coin has a market capital of US$ 16 million. The daily trading volume is US$ 228k.
Of the 200,000,000,000 Mothership Coins, 140,000,000 are currently in circulation.
Who is behind the company?
The two founders of Mothership are Arseny Zarachnev and Anton Egorov. They have previously jointly founded the management consultancy Sabaka.
Arseny has worked with leading technology companies such as Atlassian, Enki and Ostrovok. He is currently an e-resident himself and lives as a digital nomad.
Anton has worked for more than 10 years at various companies, including Ostrovok, as a software developer, system architect and team leader.
He studied nuclear power engineering at Obninsk State Technical University.
What does Mothership Coin have to offer the users?
Mothership offers a clear legal framework and a coin market for start-ups in the block chain business.
It creates a connection between real banks and the world of cryptocurrencies. It offers a secure and solid platform for the exchange.
As a secure, stable cryptocurrency, Mothership plans to streamline the verification process on existing exchanges, providing high security, customer service and uninterrupted access to markets.
In conjunction with the e-residency, verification is significantly simplified for individuals and companies. The Mothership Wallet can be linked to the E-Residency.
The assets are protected by the digital signature. The single sign-on system was introduced to provide the highest possible level of protection.
It combines the two-factor and e-residency authentication through the digital signature. With its cloud hosting, Mothership also offers a serverless platform for apps.
The user can create applications in any programming language and offer them on the platform.
Another component of Mothership is the democratic governance system.
The members of the community can, for example, participate in naming different areas of the platform and take part in other decision-making processes.
What are the goals for the future?
Mothership hopes to make Estonia a lucrative location for blockchain companies.
You will work with the e-Residency team to build a quick and easy entry point for individuals and businesses.
In the future, the coin market will provide companies with a platform to launch their ICO, accept payments in different currencies, receive legal assistance and check the daily exchange rates.
The combination of cryptocurrencies and the real world of finance should make it easier for companies to operate all over the world.
You can’t buy it directly for fiat on any exchange. You can choose the best BTC exchange for your region and buy BTC there, then trade it for MSP on exchanges. Read here how you can quickly convert other coins to bitcoin and the other way around.
Our recommendation is always check if Coinbase is available for your country and buy there – as it is by far the safest and best regulated bitcoin exchange. Coinbase has acceptable fees and limits and it is a leading platform for buying BTC.
If Coinbase doesn’t support your country, use Cex.io – read how Cex.io works – it is as good or even better than Coinbase. Coinmama is also legit exchange for buying cryptocurrencies – click here to visit Coinmama.
If your country is not available on Coinbase – check for best Coinbase alternatives (such as Cexio and Indacoin – see here Indacoin exchange review) and buy BTC on one of those exchanges. You can always exchange your coins on Changelly (see if Changelly is secure place to buy crypto), instantly and directly to bitcoin.
Best and safest option to store your coins is to download an official coin wallet and store it on a hardware wallet (if it is supported) – our recommendation is just go and buy Ledger Nano S or Trezor Wallet or KeepKey, those are the safest options. You can read our article on how to use Ledger Nano S wallet and where to buy it or check out other top physical crypto wallets here. You can also create a paper wallet – learn here more about crypto wallets.