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Names for 1MDC
The two names used for this e-currency are 1MDC (or 1mdcGrams) and FastGrams (FGM).

Nature of the e-currency
The gold based currency 1MDC is simply e-gold moved to a collective e-gold account, using one of the safest DGC software (ISL DG Pak). This e-currency is an account accessory to any e-gold account. You use your e-gold account number as reference of your 1MDC account. 1mdcGrams has to be considered as a mass e-gold account where all 1MDC users hold their e-gold grams collectively. 1MDC can be "unbailed" into e-gold and e-gold can be "bailed" into 1MDC at any time.

Gold storage
The 1MDC gold is provided and stored by e-gold.

Country of incorporation
1MDC is working via a software developed by Interesting Software Ltd. The domicile of the company is 102 Gilwell Offices, The Valley, Anguilla, BWI.
Company link: http://interestingsoftware.com

Date of creation
This Gold Based Internet Currency - or GBIC - was created in 2001.

Accounts security
1MDC increases the security of its accounts thanks to an anti-keylogger PIN login system (4 digits) and an association of "initials" with each account number. Contrary to the e-gold system, the user has to provide correct "initials" (the account name) with the account number. The account name is given automatically with the e-gold system when the user makes a payment (spend) to another account.

Servers location
Data for the 1MDC transactions is stored offshore using servers on the Anguilla carribbean island. Moreover any information on users is recorded, offering a high level of privacy. For a high level of privacy, it is recommended for the American citizens to privilege the 1MDC system.

Current fees
- Account opening: free
- Storage fees: 0%
- Payment fees: 0%

How to open a 1MDC account?
To open a free 1MDC account, click on the logo

Founder
1MDC was founded by JP May, he still manages his software company.