MONETO is operational activities and the additional costs

MONETO is a loan service, through which users can receive fiduciary money in the Bitcoin security online and almost instantly.

PROJECT FEATURES

By using our product, users will be able to obtain more favorable conditions for their loans, without selling cryptocurrencies. It is not necessary to sell the digital currency to receive cash; a user only needs to transfer the required amount of Bitcoin as collateral. Returning the mortgaged cryptocurrency is simple: before the end of the loan period, the user must transfer the borrowed amount and pay a small fee for using the loan. The loan is transferred in accordance with the payment data given by the user; therefore, verification of identification details is required.

Each user can choose the type of loan. For example, if the user needs the maximum amount of a fiduciary currency (up to 70% of the real value of Bitcoin at the current exchange rate at the purchase date), then there is an opportunity to take a high-risk loan. However, in this case, the mortgage will be sold immediately after the end of the loan period if the customer does not buy back the Bitcoin on time. An alternative form is a standard loan, but here, the loan will be granted in an amount equivalent to no more than 50% of the value of the cryptocurrency.

At the same time, both the operational activities and the additional costs of the commission will be minimized. In the future, borrowers may use loan funds in a fiduciary currency: to receive cash at ATMs, settle in stores and points of sale through terminals, or make purchases online through the Internet, depending on their needs. A mobile application that will be installed on a smartphone or tablet will help users to perform all transactions. At the moment, a test mode is already available. Allows users to see all operations when using Bitcoin Testnet as cryptocurrency.

In addition, it should be borne in mind that Bitcoin's exchange rate, in line with the trend of recent years, shows stable growth, especially in 2017, and MONETO will provide users with an excellent opportunity to repurchase their mortgage at the rate which was at the time of the loan. Therefore, customers, thanks to the MONETO service, will be able to earn good money and pay all possible costs, increasing their capital. MONETO is a specialized platform for granting fiduciary money loans on the security of Bitcoin.

ABOUT THE PROJECT:

PURPOSE AND ADVANTAGES

The main objective of MONETO is to provide an opportunity for users registered in the system to obtain a currency for a specific period and then, without significant transaction costs, return the encryption investment. Since there are no risks on the part of the system, since all loans are guaranteed, the project may open ample opportunities for potential investors. After all, the investments made within the ICO in the MONETO online loan will be completely risk free. In addition, for all potential investors and token 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, the majority of the risk is borne by the borrowers. After all, if there is a violation of the loan maturity, a sharp drop in the Bitcoin exchange rate and a decrease in the market value of the assets up to the amount of the loan issued, the mortgaged cryptocurrency assets will move to the platform . The mortgage will cover all possible losses.

The official jurisdiction of MONETO will be located in Zug (Switzerland). This city is also called the capital of the European Crypto Valley Association. The first digital certificate was officially issued with the help of this platform in Switzerland. In recent years, Zug has attracted more and more FinTech start-ups, including Bitcoin companies. So, here an experiment was implemented to receive Bitcoin for public services and other municipal services.

You have two repurchase scenarios.

Bitcoin rises

You're going to make a profit Buy again and feel good with the generated bitcoin.

You have $ 1000 for your bitcoins. You were using that money for a month. Now the bitcoins cost twice as much. And you will be twice as wealthy. Just buy Bitcoin again for that $ 1000 with a small charge.

Bitcoin sinks

You are not a loser. Pass, do not repurchase. You have already gone in cash.

You have $ 1000 for your bitcoins. Now bitcoins cost twice as much. And you do not want to pay $ 1000 for what it costs $ 500. Use your $ 1000 cash and buy twice as many bitcoins.

THE ISSUE OF THE TOKENS AND THE DISTRIBUTION MECHANISM

MK TOKEN PARAMETERS:

name of the token- MONETO;

• Token symbol - MTO;

• Token standard - ERC20.

• maximum amount of signal - 3,950,000 MTO

• available for sale of public token - 3 000 000 MTZ

PRE-ICO

The PRE-ICO celebration will allow the progress of the project to be scaled. Within PRE-ICO, the funds of the investors will be exchanged for MTO tokens. The duration of the PRE-ICO is 30 days.

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 - ETH are accepted.

• The preliminary price of the token for PRE-ICO - 1 МТО token = 0.008 ETH.

• The final result for PRE-ICO - 150 ETH

• The maximum value for PRE-ICO - 1500 ETH

ICO

• The ICO period: 30 days.

• Start ICO -2018/06/10 at 0:13 a.m.

• ICO duration: 30 days.

• Minimum contribution: 0.01 ETH

• Cryptocurrencies - ETH are accepted.

• The preliminary price of the token for ICO - 1 token МТО = 0.01 ETH.

• The final result for ICO - 2500 ETH

• The maximum value for ICO - 25 000 ETH

• After the ICO, no new tokens will be issued.

Moneto Team

Moneto roadmap

For more information 
WEBSITE: https://goo.gl/mqsKmU
WHITEPAPER: https://s3.us-east-2.amazonaws.com/moneto-whitepaper/moneto_whitepaper.pdf
ANN THREAD: https://bitcointalk.org/ index.php? topic = 2934923
TWITTER: https://twitter.com/monetoteam
MEDIUM: https://medium.com/@monetoico/
TELEGRAM: http://t.me/Mone_to