PROBLEM DESCRIPTION
The popularity of cryptocurrencies is growing rapidly. Every person in the world has heard about such digital currency like Bitcoin and Blockchain technology. News on this topic appears in media and on the Internet. Investors also have a stable demand for cryptocurrencies. In 2017 many cryptocurrencies showed appreciation as the capitalization of only one Bitcoin exceeded $283 billion.
Increasingly, financial institutions from around the world are taking steps towards Bitcoin. The processes of regulation and legalization of this cryptocurrency have begun. A greater number of commercial organizations are using Bitcoin when carrying out commercial transactions. Even major world banks are considering options for the extensive use of cryptocurrencies. In the short term, this will lead to an increase in the number of transactions with cryptocurrencies and investments in this monetary unit.
Today, Bitcoin capitalization is higher than in such money monsters as Goldman Sachs ($97 billion) and Morgan Stanley ($93 billion).
It should be noted that the investors’ approach to Bitcoin has changed in recent years. If earlier the cryptocurrency market mainly attracted the attention of stock market speculators who came in search of good earnings, today the processes of buying and selling digital currency have become more regulated. Instead of a narrow circle of players, financial giants came forward, for example, Goldman Sachs and specialized stock exchanges. This led to the development of the market and turned the virtual currency into a more convenient payment instrument.
Today, the most effective strategy for Bitcoin is «buy-hold». Experience has shown that it is almost impossible to suffer losses using this strategy but players in the market still feel some inconvenience. This is due to the limited number of financial instruments for conducting operations with the cryptocurrencies. Many potential investors are deterred by the complexity of buying both Bitcoin and transferring virtual funds to the real financial currency.
SOLUTION
The optimal and effective solution to this problem will be MONETO — the special online cryptocrediting service. With the help of this unique project, players, specialized in trading with Bitcoin, will be able to promptly withdraw fiat money on the security of the cryptocurrency and buy back the cryptocurrency with a small commission.
MAIN MARKETS
Given that the main trend is a strategy of long-term investment in the digital currency, you need a functional financial tool for temporary cash withdrawal and return to Bitcoin. This will speed up the implementation of operations with the cryptocurrency and increase the number of investments and make the transaction process convenient and fast.
COMPETITIVE ADVANTAGE
Bitcoin has recently started gaining popularity, but many financial instruments have already appeared in the market, which is traditional for offline monetary units. Thus, a credit service for this cryptocurrency has become one of the most popular instruments in the world. The possibility of borrowing Bitcoin is provided both by specialized exchanges and by profile online platforms.
Due to the lack of clear regulation rules, such transactions are risky. People who want to take a loan in cryptocurrency will need to provide a certain package of documents, including a copy of the identity document as a guarantor and a tool to identify risks. For the investors, who want to provide a loan, there remains the option that the loan will not be returned. Most often, the indicator of the borrower is an internal rating of the resource that provides such services.
MONETO will provide an opportunity to take a loan on the security of Bitcoin as quickly, conveniently and safely as possible. A participant in the platform will be able to choose the best loan conditions by creating an application for a loan. It is planned that the maximum amount of a loan will be up to 70% of the collateral’s current value. The user will be able to return the deposit by paying a small commission. If he or she does not take advantage of this opportunity, the mortgaged Bitcoin will go to the platform. Then it will be sold on the exchange. Money is transferred directly according to the payment information provided. In order to get a loan, the borrower needs to go through the identification process.
ABOUT THE PROJECT
MONETO is a loan service, through which users will be able to receive fiat money on the security of Bitcoin online and almost instantly.
The main purpose of the MONETO is to provide an opportunity for registered users in the system to obtain a currency for a specified period, and then, without significant transaction costs, return the crypto-investment. Given that there are no risks on the part of the system since all loans are collateralized, the project will be able to open wide opportunities for potential investors. After all, the investments made within the ICO in the online lending MONETO will be completely risk-free. In addition, for all potential investors and tokens holders, it is planned to develop a special dividend policy.
Under this mode of issuing a loan, which will be implemented in the MONETO platform, most of the risk is borne by borrowers. After all, if there is a violation of the maturity of the loan, a sharp drop in the Bitcoin exchange rate, and a decline in the market value of assets up to the amount of the loan issued, the mortgaged cryptocurrency assets will pass to the platform. The mortgage will cover all possible losses.
The official jurisdiction of the MONETO will be located in the Zug (Switzerland). This city is also called the capital of the European Crypto Valley Association. The first digital certificate was issued officially with the help of this platform in Switzerland. In recent years, Zug has attracted more and more FinTech start-ups, including Bitcoin-companies. So, an experiment on receiving Bitcoin for utilities and other municipal services was implemented here.
POTENTIAL CLIENTS
The MONETO project is designed for a wide audience. Given that interest in Bitcoin continues to grow, and the number of those who want to buy a cryptocurrency increases, the number of potential users may be limited only by the financial capabilities of the platform. MONETO’s clients can become any Bitcoin digital currency owners who do not want to sell cryptocurrency assets but who need traditional money. The platform opens up wide opportunities for a large number of people and organizations. In our opinion, there will be high interest in the project.
POTENTIAL BORROWERS CAN BE:
• professional traders specializing in trade in crypto-currencies;
• private miners;
• ordinary users who prefer to keep part of the funds in Bitcoin;
• private investors;
• owners of cryptocurrency pools;
• organizations that provide services for investing capital in virtual currencies;
• hedge funds.
MTO TOKEN
token name— MONETO;
token symbol — MTO;
token standard — ERC20
maximum token supply — 3 950 000 MTO
available in public token sale — 3 000 000 МТО
Token MTO (MONETO) will be book-entry securities. MTO tokens can be freely transferred between all participants in Ethereum. The owners of the token will be able to receive annual dividends and MTO pay tokens on the exchange. Currently we are drowing up a personal study where each investor will be able to request information on dividends.
Initial release of tokens produced is according to the standard ERC-20 in the public blockchain Ethereum. Code of the smart-contract will be published on Gethab to conduct Pre-ICO.
PRE-ICO
• Start PRE-ICO — 2018/04/10 at 0:13 a.m.
• The duration of PRE-ICO — 30 days.
• Minimum contribution — 0.008 ETH or its equivalent.
• Cryptocurrencies accepted — ETH.
• The preliminary price of the token for PRE-ICO — 1 МТО token = 0.008 ETH.
• The bottom line for PRE-ICO — 150 ETH
• The ceiling value for PRE-ICO — 1500 ETH
ICO
• The ICO period — 30 days.
• Start ICO —2018/06/10 at 0:13 a.m.
• Duration of ICO — 30 days.
• Minimum contribution — 0.01 ETH
• Cryptocurrencies accepted — ETH.
• The preliminary price of the token for ICO — 1 МТО token = 0.01 ETH.
• The bottom line for ICO — 2500 ETH
• The ceiling value for ICO — 25 000 ETH
• After the ICO, new tokens will not be issued.
THE ROADMAP
Q3 2017~ IDEA, MARKET ANALYSIS, DEMO APP DEVELOPMENT
Q4 2017 ~ WHITE PAPER
Q1 2018 ~ SMART CONTRACT DEVELOPMENT COMPANY REGISTRATION, VQF MEMBERSHIP AGREEMENT, PRE ICO
Q2 2018 ~ TEAM DEVELOPMENT, PRODUCTION READY APP, ICO
Q3 2018 ~ TOKEN LISTING, PAYMENT SYSTEMS INTEGRATION, APP LAUNCH
2019 ~ MARKETS EXPANSION
THE TEAM
Michail Gabov ~ Co-Founder
Andrew Grishchenko ~ Founder
Andrew Maxunov ~ Project Lead
Mikhail Baranov ~ SMM
FOR MORE INFORMATION FOLLOW US HERE:
WEBSITE: https://goo.gl/mqsKmU
TWITTER: https://twitter.com/monetoteam
MEDIUM: https://medium.com/@monetoico/
TELEGRAM: http://t.me/Mone_to
BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1350925
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