To answer the critical demand for electricity in South Africa, MGT Solar (PTY) Ltd, an Alternate Energy Supply Company, is building eight 10mwa Solar Energy Plants within the next 60 months in South Africa. Megatech is fueling this timely construction with the MGT Token developed in 2020 on the Apollo Blockchain platform.

Although 'MGT' was the ticker assigned at the deployment of the Megatech Token's smart contract, it is also in use by another asset with a larger market presence and higher trading volume on major exchanges. To avoid confusion in the marketplace, the alternative ticker 'MEGATECH' has been adopted for this token. This designation ensures that assets are distinctly identified.