The MR platform will be available to users in autumn and will be designed as a set of independent, but connected products. This means interconnected accounts, an MR wallet, an MR portfolio, an MR advisor with a Communication and Knowledge center and online notification as the primary functions of the platform.
MR Portfolio allows clients to enter data on their individual investments (eg. savings, bank account, brokerage account, mutual fund account, separate insurance and pension account, private equity, gold, crypto assets). The client enters information for each investment on the type and its number. However, data on the value of each investment is updated immediately.
MR Accounts is an API-based functionality that allows users to connect their existing accounts (stocks, crypto, banking and other) to the MR platform to follow and/or transfer orders for the transfer, purchase or sale directly from the platform. The MR platform is already linked to the Bitstamp, Kraken, and Livecoin crypto exchanges. In addition, the platform provides a direct link to the client’s bank accounts through Saltadge.
MR Advisor is one of the key functionalities of the platform, which provides financial advisory services 24/7, wherever and whenever the client needs it. The advisor will offer a wide range of services that will be paid, either on a monthly basis or by monthly subscription. Information about their experience and level of trust will be first stored centrally, and then later transferred to the blockchain, where a vault with ratings and identities will be created. Advisors will have to deposit the MRP tokens in their crypto wallet, thus serving as insurance if their advice proves to be inadequate.
The MR Communication center is a functionality that allows easy communication between advisors on the platform and users. Using the built-in communication center, users will be able to ask and, depending on the subscription model, receive the appropriate response from the selected expert within 24 to 48 hours. A history of all prior communication will be safely stored and archived in the client’s communication center, thus ensuring the traceability of advice. The Communication center also includes the ability to send and view files and documents. They will be stored in a personal financial register and the user will be able to share them with his/her advisor. In this way, all financial documents will always be in one place, accessible 24 hours a day.
At this moment communication with platform support is available, the first advisors will be available in the next months.
The MR Wallet is an integrated solution, which aims to simplify and bring users closer to cryptocurrencies. Users are able to create their own wallets, where they can store MRP tokens and other cryptocurrencies. These wallets are exclusively owned by users, and only they have access to passwords and mnemonics (which means they trade in their own name, for their own account). With the MR Wallet, users are able to purchase and store, but also sell individual ERC20 tokens via the MR Crypto service.
MR Knowledge center: The platform will also include the offers from third-party services, which will, for example, offer storage as well as the purchase and sale of cryptocurrencies within the MR Wallet product, a comprehensive electronic “library” of pre-selected e-books and videos to help users improve their financial literacy within the MR Knowledge center. On the other hand, it will offer selected financial news from Bloomberg, CoinDesk, Financial Times and from other sources, all in one place. Users will be able to monitor brokers and crypto markets, the latest news, portfolio management resources, information about international markets, social interactions and more, 24 hours a day.