How to buy MPS

Introduction

The MPS token is the tokenized share of our company, with one token representing an actual share of Mt Pelerin Group SA. 10 million MPS tokens were issued in 2018, which represent 100% of our shares.

5% of them (500,000 MPS) were sold in our 2018 token sale to raise funds. The 5% are the only MPS tokens that can be freely transferred and exchanged, while the other 95% have remained locked since then.

We haven't sold any MPS tokens ourselves since 2018, which is why the only way to buy them today is through decentralized exchanges (DEX), where some token holders sell their own MPS.

In this tutorial, we guide you through the process of buying MPS tokens on one of those DEX. The same process applies to selling MPS tokens on those same DEX.

You will find more information about the MPS on our shareholders page.

Where to buy MPS on Ethereum

Here is a list of the different decentralized exchange platforms that you can use to swap MPS tokens on Ethereum:

1. Ophis (recommended)
2. Velora
3. Uniswap

Where to buy MPS on Gnosis Chain

When transaction costs are high on Ethereum, Gnosis Chain is a great alternative to buy MPS tokens as making transactions on that network costs a fraction of a cent.

Here is a list of the different decentralized exchange platforms that you can use to swap MPS tokens on Gnosis Chain:

1. Ophis (recommended)
2. Sushi
3. DefiLlama

Step-by-step tutorial using Bridge Wallet

If you don't have a crypto wallet yet, downloading our mobile app is the easiest way to get MPS tokens. This step-by-step tutorial below shows you how it works:

Video tutorial

Here is the whole process in under a minute: selecting Mt Pelerin Shares on Ethereum or Gnosis Chain, choosing the crypto you want to pay with, and receiving your MPS tokens in Bridge Wallet.

1. Download Bridge Wallet

Bridge Wallet is the free mobile app that we've made to easily invest in crypto assets and manage them from your phone. To download it, click the button below:

Once done, open the app and follow instructions to create or restore a wallet.

2. Choose on which network to buy MPS

By default the app opens on the Ethereum network, where you can buy MPS tokens. If you want to buy MPS on Gnosis Chain, switch to that network using the blockchain selection menu on the top left of the screen.

Once done, tap on Mt Pelerin Shares.

3. Tap Swap

Once you are on the MPS token screen, tap the Swap button.

4. Approve the connection request

Tap on Approve on the request prompt that will appear.

5. Choose your swap

Select the crypto that you want to use to buy MPS tokens and tap how many MPS you want to buy.

The purchase cryptocurrency must be in your Bridge Wallet on the same network as you currently are.

When ready, tap the Swap button and accept the various approval requests that will follow.

6. Review and confirm

Review all the order details, then tap Confirm Swap to initiate the swap transaction.

Approve the request that will appear.

7. Wait for completion

The swap transaction will launch and you will see its progress unfold on this screen.

8. Swap completed

When the transaction will be complete, you will see a confirmation screen with the summary of the operation.

You can then close this window and return to your wallet to find your new MPS!

Step-by-step tutorial using any other wallet

If you prefer buying MPS tokens using any other self-custodial wallet (Ledger, Metamask, etc.), then follow the instructions below to do so using Ophis.

1. Go to the Ophis website.
   

   

2. Choose to buy MPS on Ethereum or on Gnosis Chain, select which crypto you would like to use to buy MPS with, and select how many MPS to buy (only round numbers, the MPS is not divisible).
   

   

3. Click on "Connect Wallet".
   

   

4. Choose one of the available options and follow instructions to connect your wallet. To connect Bridge Wallet or any other mobile wallet, choose "WalletConnect" and scan the QR code by clicking on the WalletConnect icon in the app's menu.
   

   

5. Click on "Approve and swap".
   

   

6. Approve the request that has appeared in your wallet.
   

   

7. Review the trade, then click on "Confirm Swap".
   

   

8. Wait for the transaction to complete. You can see its status by clicking on "View on Explorer".
   

   

Identify (optional)

Identifying will allow you to register your MPS tokens, a necessary step to activate your shareholder's rights. It will also allow you to enjoy the benefits of holding MPS tokens, which you can discover here.

To identify, go in Bridge Wallet in the user profile menu on the top right of the app's main screen and follow the instructions to verify your identity. You can also do it through our web widget.

For more information on our identification process, please see our support page.

🙋‍♂️ FAQ

Why buy MPS tokens?

Having MPS tokens not only makes you own a piece of our company, it also gives you free volume and reduced fees when using our exchange service. For more information about those benefits, go to the MPS page.

Is the MPS token divisible?

No, the MPS token is not divisible. Therefore, you can only swap a round amount of MPS on decentralized exchange platforms.

On which chains is the MPS token available?

The MPS token exists on the Ethereum and Gnosis Chain networks.

Is there any difference between MPS on Ethereum and Gnosis Chain?

No, MPS tokens on both chains are the same tokens with the same benefits and shareholder rights.

How many MPS do I need to become shareholder?

You only need 1 MPS to become shareholder. Please note that to activate your shareholder rights, you will need to verify your identity in our mobile app or web app.

Why is the MPS price different between Ethereum and Gnosis Chain?

Decentralized exchanges work with pools, where users provide liquidity by depositing in a pool tokens for a given exchange pairs. The price of the pool is determined by a simple supply/demand equation: when more people buy the price goes up, when more people sell the price goes down.

Since the Ethereum and Gnosis Chain pools are different and independent from each other, the price can be different between both.

Can I buy MPS directly from Mt Pelerin?

No, we don't sell MPS tokens ourselves.

Why does the MPS price go down?

If the price of the MPS goes down, it means that more people are selling than buying.

Why does the MPS price go up?

If the price of the MPS goes up, it means that more people are buying than selling.