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ICO Details

ICO Project Mit-Ra (MTA)

  • Tokensale Start:   01/10/2018

  • Tokensale Finish: 30/11/2019

Project Description

Mit-Ra is a project of the UnitedHealth Group that is developing in the area of converting non-potable water into fresh water. The project team plans to launch water treatment in approximately 700 cities around the world that are experiencing water shortages. Also, users will be provided with Ai-Mit, software developed for analyzing and assessing the quality of purified water.

Business Model Overview Mit-Ra (MTA)

1. The validity of income

The project will receive revenue from the sale of fresh water, using its treatment facilities for cleaning. The project team plans to use renewable energy sources to increase profitability and reduce waste. Each investor with 10,000 MTA tokens on his account will receive income annually, based on 10% of the project’s annual profit.

2. Number of currencies accepted

The project accepts such liquid currencies as: BTC, ETH, LTC, BCC, DASH, USD (p. 25 White Paper).

3. Token emission

In the project there is a limited number of tokens. A total of 350 million MTA tokens will be released.

4. Discount on the purchase of tokens

Discount on the purchase of tokens is 50% (p. 24 White Paper).

5. Roadmap

In the technological map provided, the project objectives are indicated until the end of 2019 The distribution of tokens will occur as follows: 80% - “Conducting ICO”, ​​6% - “Bonuses and Marketing”, 6% - “Founders of the Project”, 8% - “Team and Project Founders” (p. 27 White Paper).

6. SOFT CAP / HARD CAP Ratio

The project has a poor SOFT CAP / HARD CAP ratio, which reduces its investment attractiveness. The values ​​of SOFT CAP and HARD CAP are $ 1,000,000 and $ 20,00,000, respectively (p. 25 White Paper).

7. MVP availability

The project has developed MVP.

8. Risk assessment and insurance

There are no risk assessments according to international standards, as well as any risk insurance methods, for example, Escrow, which increases the risk of losing capital for investors.


Criteria of accordance to the international standards of business-planning of UNIDO and EBRD
% Acceptable
Criteria Project evaluation
The validity of income 1 / 3
Number of currencies accepted 4 / 4
Token emission 1 / 1
Discount on the purchase of tokens 2 / 3
Roadmap 1 / 1
SOFT CAP / HARD CAP ratio 0 / 4
MVP availability 1 / 1
Risk assessment and insurance 0 / 1
Total (56%) 10 / 18

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