Myco Announcements (Official)

• The Price for MCONTENT tokens for both equity swap and token migration is locked at 10B Tokens = $7.5 and hence from hereon any change in price on the MCONTENT token is not significant – thus will not result in neither any loss nor any benefit to the token holders.
 
• The team will discontinue market making activity on the MCONTENT token until the relaunch of the myco tokens and the swaps to equity or future tokens will be fixed at the price that has been announced.
 
• For holders opting to wait for the relaunch, they can keep their MCONTENT tokens in self custody wallets and use the same link below to confirm their SOLANA as well as APTOS wallet addresses for future airdrops of A47 and for the migration to new MYCO token respectively in due course.
 
https://myco-share-swap.vercel.app/ PLEASE DON’T CLICK ANY OTHER LINKS. BE VERY CAREFUL
 
• Once the tokens are moved to the self custody wallets, all holders planning to wait till relaunch should stop worrying about the price of the prevailing token as it becomes insignificant. While there is no plan to delist the existing MCONTENT tokens, the halt in trading activities and market making might result in an organic delist of the token and an overall pause in trading until the migration. However this will not impact the holders as the value has been fixed for migration. 10BN MCONTENT TOKENS = $7.5 and 10 MILLION MCONTENT TOKENS = 1 MYCO TOKEN
 
• The A47 token airdrops will be done for all myco token holders opting to hold till the relaunch but these airdrops will only be done once the A47 project achieves a significant and sustainable market cap.
 
• Token holders also have the option of splitting their portfolio as well. Meaning they can convert some of their MCONTENT token holding into shares and leave part / some of their token holding in tact for the ultimate migration to MYCO tokens. This can be easily done on the provided link as they can go through option 1 first with some of their holding and than register to option 2 with the remaining holding.

myco AMA NOTES & Q&A
 
Key Pointers
 
• $500k valuation investment commitment from Tim Draper(ignore the valuation that Tim Draper mentioned in the show as the actual deal was concluded at the current equity valuation of myco which is $80 MN along with a 1+1 warrant on the myco token)
 
• Token Launch could not be completed as promised due to 3 primary reasons:
 
1. Approvals from Large Exchanges on IEO / Listing
2. Market Conditions and no liquidity in the market
3. Funds required for successful token launch for exchange fees, marketing, KOLs and liquidity ($6-7 MN minimum launch budget). We had secured these tickets for the launch but many of them have backed out in the last 3 weeks due to the overall global markets and liquidity crunch.
 
• Team made a commitment to launch the token this month which could not happen based on external factors despite all our efforts. Hence offering majority of their equity holding into the company for the MContent holders through a shared subscription agreement based on the current valuation of the myco holdings. To opt for this, move all your tokens to a decentralized wallet such as metamask or trust - open the below link from your decentralized walletsand submit your tokens for swap against equity, Follow the step to KYC - Submit your application with signature for becoming an official shareholder.
 
https://myco-share-swap.vercel.app/ PLEASE DON’T CLICK ANY OTHER LINKS. BE VERY CAREFUL
 
• Two clear paths as below
 
A- MContent into equity into the company
B-  Decide to wait for myco token, won't be a timebound discussion, only launching when the time is right and all of the above mentioned 3 issues are addressed.
Decision is upto the holder but emphasis was laid on how valuable the equity / company shares are. The token launchcan take 1 month, 2 months or 6 months. (Q2 or Q3 or even Q4)
 
• 10% tax from MContent tokenomics won't affect the MContent - Equity conversion. Send an email with proof of deduction in token value from taxes and myco will be happy to pay back in proportion to 10%
 
• Shareholder Equity will dilute based on future funding rounds but valuation will keep increasing.
 
• Potential Liquidity events on equity side were explained in detail.
 
• Those who burned tokens in 2022 also will get the extra incentive against the burn in both cases. Whether they convert to equity or choose to stay for token launch
 
• It was recommended that token holders should move their tokens from CEX to Dex wallets such as Metamask or trust even if they don’t want to convert to equity and wait for the token launch

It’s official 💥 Myco made it to the Meet the Drapers finale! 🎉
Now it’s time to take the stage, pitch like never before, and go for the win 🏆💼

Stream the final episode on Myco this Friday — and watch us chase the million! 🚀

#MeetTheDrapers #Myco #Finale #Streaming

What a proud moment for myco.io and the entire team.

Two years ago when everyone in Pakistan was ignoring our “once most successful sport”, myco came forward as the only brand that doubled down on the sport - just like we did on several other “non cricket” sports & athletes.

As a first step, we backed our first squash athlete, Hamza Khan who became the under 19 World Champion of the World in 2023. We started working with some of the brands in Pakistan to get them to support Hamza and the revival of squash in the country. We started traveling to different parts of the World to attend squash tournaments and build a network within the global squash community.

We did our first Egypt 🇪🇬 trip in search of Squash and built such strong connections with ESF and the local eco system that we also started exploring other commercial opportunities in Egypt. This eventually became the foundation of our company setup, our Egypt offices and the commercial launch of myco Arabia in the country.

Next we conceived and kicked off the production of the “Comeback” a myco original film building the story on how Pakistan will come back big in the World of Squash. A 60 minute film which we should be able to share with the World in a few months.

Somewhere during the process, we signed up distribution deals with World Squash Federation and Professional Squash Association & built strong relationships with Pakistan 🇵🇰 Squash Federation and Egypt Squash Federation

Finally when we learned last year that a global squash event is returning to Pakistan after 23 years in the form of the first under 23 World Championship, we went forward as overall partner for this flagship & historic event at DHA Creek Club Karachi.

Months of setup by our incredible team working with legends like Adnan Asad, Jahangir Khan

The under 23 format is exceptional because it enables majority of the highest ranked PSA players to compete unlike the under 19 event, where the athletes are still not at their peak. Important to mention that since Pakistan lost its glory in Squash with JK and JS, our players hardly made it the World top 20 ranked players for over a decade.

Pakistan’s comeback in squash is a story of resilience and belief. 2-3 years ago if someone looked at squash in Pakistan, majority looked at it as a lost cause. But some squash lovers, some squash families, some individuals and a select few entities like myco.io didn’t lose hope. We kept pushing our limits and kept believing.

Yesterday when Noor Zaman (grand son of the legendary Qamar Zaman) won the World Title in an epic “comeback”, a final game which he nearly almost lost earlier, this was a indeed a remarkable win for Pakistan.

When I look back at this journey and these clips, it feels like squash won, Pakistan won but it was also myco that won!

🔗 - Umair Masoom Usmani, Founder of myco and Managing Partner