MUST Protocol
MUST Protocol
Token: MUST

The protocol of tokenization, confirmation and transfer of rights to assets through non-fungible tokens

PreICO dates
Start date: 2018-08-01
End date: 2018-10-31

ICO dates
Start date: 2018-11-01
End date: 2019-12-31

Registrated in: Estonia

Platform: Ethereum


MUST Protocol categories
Infrastructure Platform
MUST Protocol token sale
KYC passing required No | Whitelist Yes | Restriction for countries No
Soft cap 6700000 USD
Hard cap 24000000 USD
Tokens for sale 350000000
Token distribution in ICO
Price 0.04 USD
Price in PreICO 0.04 USD
Minimal investment 100 USD
Acceppting BTC,ETH,FIAT
Bonus in ICO Pre-Ico 25%
The MUST Protocol is an open source protocol designed to confirm, account and manage rights to assets through non-fungible tokens. It offers tools for creating efficient decentralized DApps, ensuring the ease of authentication of information about real tangible and digital assets (vehicles, real estate, equipment, securities, currencies) and rights to these assets.
MUST Protocol includes the stages of verification, digitization, complex criterial assessment, monitoring of the asset's condition, determination of owners of rights to this asset and tokenization of rights. This approach will enable the formation of a digital ecosystem for participants in a real economy, built on the exchange of tokenized asset rights.
The MUST Protocol allows to check the proof of the existence of rights to the asset without the involvement of third parties, alienate, acquire or pledge the rights to the asset or transfer rights to such rights.

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Random whitepaper excerpts

1. Brief project overview
2. Value is the right to an asset
3. Prerequisites for the tokenization of rights
3.1. Difficulty and inefficiency of the legal system
3.2. Lack of trust problem
4. Problems and barriers in tokenization
4.1. Low level of penetration of digital identification technologies
4.2. No infrastructure and tokenization standards
5. Advantages and benefits of tokenization
6. Why now?
6.1. Legal catalyst for implementation of digital identity standards
6.2. Development and implementation of digitalization and tokenization technologies
6.3. Legal regulation of the token market
6.4. Industrial and technological support
7. Principles of the MUST tokenization
Digital Identity
Atomicity of assets
LEGO principle
Resale right
Immutability and transparency

1. Brief project overview
What is an asset SALE?
- Transfer of the ownership RIGHT to the asset from the seller to the buyer.
- Receipt of the ownership RIGHT to another asset

for example, money

from the
buyer in exchange.
What is an asset LEASE?
- Receipt of the RIGHT to use an asset from the lessor.
- Transfer of the ownership RIGHT to another asset

for example, money

to the lessor
in exchange
Exchanging RIGHTS underlies all transactions in our life!
The modern world is on the verge of global changes caused by mankind entering the
information age

a historic period described by the global shift from traditional industry that
the Industrial Revolution brought through industrialization, to a digitized, computerized
industry based on information transfer
. The use of digital models and digitization of processes
enable complex economic problems to be solved more ef...

By acquiring rights to an asset, we gain access to benefits provided by that asset:

Right to use a car

the right to drive a certain distance [km] listening to favorite music.
You need to offer the right to a portion of the money you own in exchange for this right

pay to a taxi driver for a trip or rent a car you like [a contract for transportation or

Right to use a flat

exchange the right to a certain amount of money you own for the
right to use a flat you like [lease contract] and use all the amenities (shower, coffee
machine, comfortable bed, TV, etc.).

Right to hold and dispose of MUST tokens

transfer the ownership right to a certain
amount of ETH in exchange for MUST token ownership, receive the right to sell tokens
at an attractive price and gain profit.
Our whole life consists of an endless series of exchanges of various values through the provision
of a right to assets from one ...

reputation, as well as tangible assets like private and commercial real estate, equipment, and
vehicles became available and realizable like never before.
As new opportunities for using non-fungible business tokens associated with the tokenization
of assets emerge, there is a growing need for standardization and for a basic protocol that will
secure the ease of implementing mechanisms for proving the existence of the asset and the
authenticity of the right to it. Moreover, capabilities of a new technology of such a scale should
be available to everyone.
Tokens of rights are a new class of digital assets represented as non-fungible tokens that are
stored in cryptographic wallets and belong to their holders. These tokens are called TRight and
are created using a custom emission process (minting). TRight are non-fungible tokens that
contain hash connecting them to the asset.
- Right to a Right -

The key problem of real markets is the asymmetry of information, which leads to a lack of trust
between the market participants. A low level of confidence provokes the emergence of
barriers, restrictions, and a decrease in activity and market volumes.
The lack of efficient solutions and trusted instruments for managing assets and rights to them
provokes demand for such instruments. It is obvious that most blockchain projects will turn
their attention to the real market in the near future, which in turn will secure an ever-growing
demand for powerful instruments for developing solutions for asset tokenization and asset
The MUST Protocol offers a public protocol for standardized non-fungible tokens for a broad
technical audience. The MUST Protocol allows the creation of products based on the non-
fungible token standard, using a full set of instruments, a framework, and a set of symbols for
various uses. This leads to a reduction in development time, risk, and costs associated with the

The MUST token will be used to support DApps built on the MUST Protocol, with the lowest
possible transaction cost.
The MUST Protocol team believes that the fundamental task in the process of tokenization and
confirmation of rights to assets is to ensure the reliability and up-to-date information about
assets and to prove the rights to them in real time.
The MUST Protocol team uses a comprehensive approach to accomplish this task, which
develops highly efficient on-chain and off-chain rules and methods to ensure the required level
of relevance and reliability of information.
2. Value is the right to an asset
The MUST Protocol is an open source public protocol for proving and managing rights to assets
through non-fungible tokens.
The transition from the industrial model of the economy to the information model is
accompanied by the emergence of mechanisms to exchange values online. The Internet of
values will allow exchanging any assets that are valuable for someone, including money, shares, <...

Based on the above, the MUST Protocol team suggests a new approach to value transfer.
Lots of studies and experiments resulted in a solution that enables the introduction of
technology for value transfer through the transfer of rights to assets.
Tokenization of rights to assets will ensure the establishment of new mechanisms and ways of
interaction built on the principles of trust and decentralization.
3. Prerequisites for the tokenization of rights
3.1. Difficulty and inefficiency of the legal system
The existing world is full of complex laws, rules, and regulations. Sometimes people have to
spend a lot of time studying laws and regulations in order to make a decision that appears quite
simple at first glance.
Any transaction, whether it is booking a room in a hotel, buying a car, selling securities or wage
employment, requires people to have legal knowledge and skills in their application today. At
the same time, most people do not possess these and therefore are forced to involve various

This results in the emergence of restrictions and barriers between the participants to a
transaction and, as a consequence, a reduction in their number, volume, and the market in
We reviewed the market for financing micro, small, and medium-sized businesses as an
example of a market with asymmetric information and conducted a detailed marketing study.
Financing GAP of MSMEs is available
4. Problems and barriers in tokenization
4.1. Low level of penetration of digital identification technologies
Tokenization of rights to assets assumes that users interact with them in the digital field.
However, the user must first be verified in the system to record their interaction with the
tokenized right.
Digital identity is a digital version of an object

a user, for example. We can spot lots of
mentions and discussions of digital identity issues in all media today (biometric passports,
digital IDs, etc.). At the same time, digital identification technology is j...

MUST Protocol Roadmap

MUST Protocol 1.0 [Proof of Concept]
MUST SDK 1.0 | Smart ID [Alpha version]
MUST SDK 1.0 | Escrow NET [Proof of Concept]
MUST Platform | Smart Rent [Beta version]
MUST Protocol 1.0 [Release]
MUST SDK 1.0 | Smart ID [Release]
MUST SDK 1.0 | Token CORE [Release]
MUST SDK 1.0 | Escrow NET [Release]
MUST SDK 1.0 | Exchange [Release]
MUST SDK 1.0 | Marketplace [Release]
Anton Redko
Team member Anton Redko CO-Founder & CEO

Anastasya Redko
Team member Anastasya Redko HR Manager

Mikhail Cherepanov
Team member Mikhail Cherepanov Project Manager

Alexey Chepkov
Team member Alexey Chepkov CMO

Evgeny Zhuchkov
Team member Evgeny Zhuchkov CIO

Kirill Rudenko
Team member Kirill Rudenko Communications manager

Victoria Trusova
Team member Victoria Trusova PR Manager

Vasily Sumanov
Advisor Vasily Sumanov Advisor

Kirill Varlamov
Team member Kirill Varlamov Blockchain architect

Dmitry Plakhov
Advisor Dmitry Plakhov Technical advisor

Gennady Pleshkov
Advisor Gennady Pleshkov Co-Founder

Rustam Burkeev
Advisor Rustam Burkeev Advisor

Darsha Belunski
Team member Darsha Belunski MUST project copywriter

Anna Valyalshchikova
Team member Anna Valyalshchikova Assets Monitoring Infrastructure Director

Kirill Varlamov
Kirill Varlamov
Blockchain architect
Blockchain Architect
Dmitry Plakhov
Dmitry Plakhov
Technical advisor
Principal platform architect, blockchain development team leader
Victoria Trusova
Victoria Trusova
PR Manager