 
 
Disclaimer: The below article is sponsored, and the views in it do not represent those of ZyCrypto. Readers should conduct independent research before taking any actions related to the project mentioned in this piece. This article should not be regarded as investment advice.
Renowned world-leading derivatives provider, MultiBank Group, has announced today that it sold out a massive 7 million $MBG tokens in under an hour during its initial presale event.
While the massive amount of tokens was fully subscribed via MultiBank.io and Uniswap, the $MBG tokens were priced at $0.35 per token during the presale. With this, the initial allocation was completed rapidly.
The MultiBank group team has viewed this impressive milestone as a reflection of the level of interest in tokenized products that incorporate elements of asset backing and operational infrastructure.
According to the announcement, MultiBank Group has disclosed plans to conduct a second and final $MBG Token Pre-Sale on Friday, July 18, ahead of the scheduled Token Generation Event (TGE) on July 22.
 
Notably, this round will offer 3 million tokens at $0.35 and will be accessible through MultiBank.io and Uniswap. Notably, the $MBG token is supported by $29 billion in assets and linked to a broader operational framework that records $35 billion in daily turnover.
Naser Taher, the Founder and Chairman of MultiBank Group, commented on the milestone saying;
“The sell-out of our initial $MBG Token offering in less than one hour is a decisive validation of our vision. In a market saturated with speculation, the response we received confirms that institutional-grade transparency, regulatory integrity, and asset-backed value are what investors are now demanding.”
“$MBG is here for the long term, reflecting the experience, resources, and global reach that underpin everything we do at MultiBank Group. The market has spoken, and it has spoken with speed and conviction,” Taher added.
According to MultiBank Group, the $MBG token is supported by $29 billion in assets and linked to a broader operational framework that records $35 billion in daily turnover.
Nonetheless, the company revealed that the ecosystem supporting $MBG is anchored by its four pillars, which include MultiBank TradFi, MEX Exchange, MultiBank.io RWA, and MultiBank.io.
With support from these platforms, Multibank will be able to drive a $440 million buyback and burn initiative, reinforcing demand, ensuring a deflationary supply, and sustaining value growth for $MBG holders.
Source: https://zycrypto.com/multibank-group-sees-massive-7-million-mbg-tokens-sales-in-mere-minutes-amid-pre-sale/