Coin was one of the most wanted topics of 2021. Although most coin prices are down worldwide, NTC is pleased to announce its dividend distribution. The NTC IEO was held on November 22, 2021, with the aim of equal access to the national mineral wealth. During this six-month, the planned activities were successful, and in accordance with the Company Law, a shareholders decision was made to distribute dividends in cash to all coin owners. The dividend of NTC coin will be distributed on May 27, 2022 and will be deducted from the balance of NTC coin in customer’s wallet at https://ncx.mn on May 22, 2022. The amount per NTC coin is 0.025 MNT.
Mining and IT projects are progressing well: the project team is accomplishing coal transportation in two directions. There are more plans on the Khangi Mandal coal haul to expand the project in the future. Within the NTC ecosystem, we are working to develop and improve the NCX exchange to the world international exchange standards. Mining sector involves multiple of processes for successful functioning of business. Hence, NTC team introduced an extensive Enterprise Resource Planning /ERP/ software system for mining industry. In addition, the https://ejolooch.mn system was launched, a unified database of coal truck drivers and coal transportation companies. The system will include all job advertisements for employers and employees
The NTC project has also launched the https://tengri.io NFT marketing platform. Tengri.io is working to digitize Mongolian heritage and preserve and immortalize unique works in a digital form. Tengri.io NFT project aims to expand the scope of its activities and disseminate Mongolian heritage around the world, as well as to preserve and digitalize the world's heritage. Tengri is connected to MetaMask software crypto currency wallet.
The first phase of the NTC project is successfully enclosing with the distribution of dividends, and the project team is actively expanding its activities to the next phase 2 new roadmap. According to the NTC Whitepaper, NTC will use up to 20% of the profits to buy back NTC and burn them, until we buy around 50% of all the NTC (90B) back. All buy-back transactions will be announced on the blockchain. The repurchase will take place from May 2022.
Our team continues to work diligently to achieve our goals. Thank you for continuous support.