MyMI Partnerships
What is a MyMI Partner?
We developed MyMI Partnerships to allow Individuals and Businesses to have the ability to access our Investment Accounting, Analytical, and Exchange resources. As we were developing the MyMI Partnerships, we envisioned providing individuals and businesses alike, the ability to access the resources that we're developing and utilize those resources in their daily activities. Whether it's selling merchandise on a website as an individual or expanding a business into new markets, Millennial Investments aimed to become a resource in all facets.
By considering those possibilities, we developed, we developed the MyMI Partnership Program. The MyMI Partnership Program was designed and continues to be developed to assist all use-cases in terms of financial investments, shared assets/revenue projects, and more. Now all members have access to liquidity and financial backing like never before.
To learn more details about our MyMI Partnerships, visit the link below:
Registering/Upgrading to a Partner Membership
To get started, if you're new to MyMI Wallet, you simply complete a MyMI Partnership Application (by clicking here!). If you're an existing member, you can simply upgrade your membership by visiting My Subscriptions under My Account.
If you are a new/existing customer, you can begin your MyMI Partnership today by visiting the link below:
Partnership Requirements
Individual KYC Requirements
At a minimum, we are required to obtain your Full Name, Date of Birth, Address, and Federal Certified Identification Number for our Basic Customer Identification Program. If you ever wish to create MyMI Assets, you will be required to upgrade to our Partnership Program and abide by our Partnership Enhanced Customer Due Diligence and review processes.
Corporate KYC Requirements
Our Corporate KYC Requirements are more enhanced and require intensive Customer Due Diligence Analyses. Some of the documentation required for our Partnership Program and Corporate KYC include (but aren't limited to):
Periodic Due Diligence Reporting
As our duties to provide a safe and secure marketplace and exchange of Digital Assets and/or Cryptocurrencies, we conduct Periodic Due Diligence Analyses to ensure compliance is met in every faucet of our Partnerships in the MyMI Community.
MyMI Asset Marketplace
Purchasing MyMI Assets
Listing MyMI Assets
Once you have created your MyMI Assets, you can create a Private or Public Listing of your Asset on the MyMI Asset Marketplace. By releasing your asset, you will have the option to identify the Percentage of Limitation (POI) of the asset you wish to list. The percentage of limitation is the total percentage of available coins that you wish to allocate to the Private/Public Marketplace.
For Example: If you create 1,000,000 coins for an asset, and you wish to release 50% of those assets to the Private/Public Marketplace, only 500,000 will be available for purchase. This defines your Percentage of Limitation. This means that once the Percentage of Limitation is reached, the coins allocated to that MyMI Assets will only be available for purchase on the MyMI Exchange.
Please Note: Once the Percentage of Limitation has been reached, the creator can conduct a Coin Redistribution. Learn more about Coin Redistribution by clicking here
How Are MyMI Assets Valued?
When an Asset Creator is preparing to list their MyMI Asset on the MyMI Marketplace, an evaluation of the asset valuation must be conducted to secure its Initial Coin Value before being offered to the Marketplace. After the very first initial purchase of that MyMI Asset is completed, that locks in the Initial Price Offering.
As investors continue to purchase the asset, the Coin Value is determined by the Total Evaluation divided by what is left in the Percentage of Limitations to be purchased from the Marketplace.
For Example:
Purchase #1:
| Coins Available | Evaluation | Coin Price | Purchase Quantity | Remaining Coins | New Evaluation | New Coin Price |
|---|---|---|---|---|---|---|
| 100,000 | $1,000,000 | $10.00000000/Coin | 1000 Coins | 99,000 | $1,010,000.00 | $10.20202020/Coin |
Purchase #2:
| Coins Available | Evaluation | Coin Price | Purchase Quantity | Remaining Coins | New Evaluation | New Coin Price |
|---|---|---|---|---|---|---|
| 99,000 | $1,010,000 | $10.20202020/Coin | 1000 Coins | 98,000 | $1,020,202.02 | $10.41022469/Coin |
Asset Distribution
As you become more involved with MyMI Wallet and truly access the potential of our Asset Exchange, you will discover that the purchase of some assets could result in residual payments from Shared Revenue. After gaining ownership of specific types of Assets, the creator of those assets will be given the ability to share the revenue stream earned from the investment of that asset pool and what the asset was created/designed to produce.
If you are the recipient of Residual Income from an owned Asset, you will receive your Residual Payments credited to your account in the form of MyMI Gold on the 15th of every month.
***Please note that if you owe any MyMI Gold for Monthly Recurring Premium Features, your Residual Payments could be used to fill those balances.**
Coin Redistribution
Once the Percentage of Limitation has been reached, the creator can conduct a Coin Redistribution. With this tool, the Creator would virtually duplicate the number of coins available in the Percentage of Limitations. When conducting a Coin Redistribution, the Creator has to consider three rules:
- Existing Investor Compensation
- {Definition Here}
- Target Percentage of Limitation Totals
- {Definition Here}
- Market Re-Evaluation Verification
- {Definition Here}
Asset to Fiat Transfers
MyMI Marketplace Requirements
The following procedures are required to participate in our MyMI Exchange. Please review the following for more information:
MyMI Exchange
Listing MyMI Assets
Once you have created your MyMI Assets, you can create a Private or Public Listing of your Asset on the MyMI Asset Marketplace. By releasing your asset, you will have the option to identify the Percentage of Limitation (POI) of the asset you wish to list. The percentage of limitation is the total percentage of available coins that you wish to allocate to the Private/Public Marketplace.
For Example: If you create 1,000,000 coins for an asset, and you wish to release 50% of those assets to the Private/Public Marketplace, only 500,000 will be available for purchase. This defines your Percentage of Limitation. This means that once the Percentage of Limitation is reached, the coins allocated to that MyMI Assets will only be available for purchase on the MyMI Exchange.
Please Note: Once the Percentage of Limitation has been reached, the creator can conduct a Coin Redistribution. Learn more about Coin Redistribution by clicking here
Exchanging Assets
Another huge benefit of having MyMI Assets sold on the MyMI Exchange is the price is defined by the value of the Asset Coin on the MyMI Marketplace. Once that price is defined, Asset Holders (Investors) can begin obtaining profits by selling all or some of their Percentage of Ownership for any given MyMI Asset.
As the asset is exchanged on MyMI Exchange, the price is then determined by the Selling Party until a Buying Party is willing to purchase that share of the assets for that price. The price that the trade is agreed upon between the Buying & Selling Party then alters the Current Coin Value of the Asset and ultimately determines the Price Evaluation of the Entire Project from that point moving forward.
As Asset Holders begin offering their Percentage of Ownership on the MyMI Exchange, transaction fees will be incurred as the result of the trade/transactions. As a reward for utilizing our platform, we provide Creators with a selected percentage of Shared Revenue Streams via Shared Transactional Fees.
Shared Transactional Fees are accumulated on a Month-by-Month Basis and distribution on the 15th of every month. You gain a percentage of the transactional fees accumulated for any exchange of assets between two Asset Holders.
How Are Assets Purchased (via MyMI Exchange & Marketplace)?
As we have already introduced you to our MyMI Gold (our In-App Crypto Asset) that is utilized for Investors & Partners to purchase Premium Features or simply convert Fiat Currency into usable coins within our framework. MyMI Coin was developed to allow Investors & Partners to conduct purchases of MyMI Assets from the MyMI Exchange and Marketplace(s).
For Investors/Partners to buy/sell/trade MyMI Assets, they have to purchase MyMI Coins to purchase those Assets. Currently MyMI Gold is the only way for Fiat Conversions, so the Investor/Partner would need to transfer their Current MyMI Gold Holdings into MyMI Coin Assets.
What is MyMI Coin?
MyMI Coin was the very first asset created, developed, and offered to interested investors to obtain Ownership of Assets for the MyMI Platforms and Applications. Current Holders are considered as Existing Owners of MyMI Wallet itself. MyMI Coin Holders now have access to Shared Revenue Streams from the platform and its applications themselves.
How is MyMI Coin Valued?
MyMI Coin was valued originally at $5,000 overall as a platform and application when we first began to design/develop the platform. Millennial Investments created 23,000,000 MyMI Coins and offered 115,000,000 MyMI Coins publicly to be purchased by interested parties and potential investors. Within two weeks, we were already reaching our Percentage of Limitations and maxing out the 115,000,000 Available Coins.
To compensate for a lack of availability for purchasing assets, we conducted our first Coin Redistribution. In conducting our Coin Redistribution, we released a total of 115,000,000 (5x of the Original Amount of Asset Coins available) and disbursed our New Holdings to our Asset Holders. This simultaneously increased the Market Value (5x) to account for the newly deployed Percentage of Limitations.
- MyMI Coin Current Value:
- $0.00000000/Coin
MyMI Exchange Requirements
The following procedures are required to participate in our MyMI Exchange. Please review the following for more information:
Customer Support
Contact Support
If you need to reach out to Customer Support, you can submit a ticket or reach out to us via Social Media via the links below: