Istanbul Turkey–(BUSINESS THREAD)–Star Apple Labs Limited, a DAO (Decentralized Autonomous Organization), announced the issuance of MNA tokens. These tokens are created using blockchain technology with the aim of solving the irrationality and inefficiency of the M&A market. People are aware of the growing potential of the M&A market. However, with growth comes risks that minimize the efficiency and success rate of M&A deals.
An official representative of Star Apple said: “We are excited to enter the cryptocurrency exchange market. We want to achieve 100% transparency, reduce trust issues and achieve cost reduction in all M&A deals. MNA Token is created to help companies carry out easy M&A processes. Our vision is to become a global exchange by creating a healthy cryptocurrency ecosystem.”
The creators claim that to begin with, MNA tokens will be used in corporate mergers and acquisitions, but the future goal is also to tokenize bonds, artwork, real estate, copyrights, and patents in the future, starting with corporate mergers and acquisitions.
CTBIT exchange is a global virtual asset exchange that is scheduled to open in Turkey soon. As a professional cryptocurrency exchange, they are packed with some cool features like copy trading, system trading, and futures trading. They also feature an NFT market where dividends are paid using exchange coins when NFT product sales are set up.
In order to reap the benefits of the synergy between MNA tokens and blockchain exchanges, Star Apple invested in CTBIT. By investing in CTBIT, Star Apple not only aims to carry out extensive research and development in tokens, but also to list its MNA tokens on the exchange. If the MNA token is successfully listed on its own exchange, it is expected to increase the likelihood of being listed on major exchanges around the world, such as Binance, Coinbase, and Bitget.
The Star Apple official also said that through this investment, they will continue to research and develop blockchain technology and collaborate to expand the latest service products such as NFT (Non-Fungible Token) and DeFi. In addition, they will do their best to achieve customer satisfaction and include various investment options for MNA token holders and CTBIT users.
Due to the recent drop in the price of coins, more and more companies are going bankrupt as there is a lack of liquidity in the funds. However, Star Apple is among the companies that looked for opportunities to expand their business amid these obstacles. In the past, when the dot com bubble burst, many IT companies disappeared, but eventually companies like Google and Amazon emerged. As the saying goes, “TOO BIG TO FAIL”, it is worth waiting to witness whether Star Apple’s investment in CTBIT can help them overcome this market situation and pave the way to become a leading blockchain company.