What is MONETO

MONETO is a loan service, through which users will be able to receive fiat money on the security of Bitcoin online and almost instantly.

 FEATURES OF THE PROJECT

 By using our product, users will be able to get more-favorable conditions for their loans, without selling cryptocurrency. There is no need to sell the digital currency in order 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 amount loaned and pay a small commission for using the loan. The loan is transferred according to the given payment data of the user; thus the verification of identification details is required.

 Each user will be able to choose the type of loan. For example, if the user needs the maximum amount of a fiat currency (up to 70% of the actual value of Bitcoin at the current exchange rate at the date of purchase), 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 client does not buy back the Bitcoin in time. An alternative way is a standard loan, but here, the loan will be given in an amount equivalent to no more than 50% of the value of the cryptocurrency.

 At the same time, both operational activities and additional commission costs will be minimized. In the future, borrowers will be able to use loan funds in a fiat currency: to receive cash in ATMs, settle in stores and outlets via terminals, or make online purchases on the Internet, depending on their needs. A mobile application that will be installed on a smartphone or tablet will help users make all transactions. At the moment, a test mode is already available. It allows users to view all operations while using Testnet Bitcoin as the cryptocurrency.

 In addition, it should be taken into account that the Bitcoin exchange rate, according to the trend of recent years, shows stable growth, especially in 2017, and MONETO will provide users with an excellent opportunity to buy back their mortgage by the rate that was at the time of the loan. Therefore, customers, thanks to the MONETO service, will be able to make good money and pay off all possible costs, increasing their capital. MONETO is a specialized platform to provide loans in a fiat money on the security of Bitcoin. 

 ABOUT THE PROJECT:

 PURPOSE AND ADVANTAGES 

 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. 

 You Have Two Buy Back Scenarios. 

 Bitcoin Goes Up 

You are going to get profit. Buy back and feel good with raised bitcoin.

You got $1000 for your bitcoins. You were using that money for a month. Now the bitcoins costs two times more. And you will be two times richer. Just buy back bitcoin for that $1000 with a little fee.

 Bitcoin Goes Down 

You aren't a loser. Pass, don't buyback. You've already gone in cash.

You got $1000 for your bitcoins. Now the bitcoins costs two times less. And you don't want to pay $1000 for what costs $500. Use your $1000 cash and buy two times more bitcoins.

 THE ISSUANCE OF TOKENS AND DISTRIBUTION MECHANISM 

 MTO TOKEN PARAMETERS: 

 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 

  PRE-ICO 

The PRE-ICO holding will allow escaling of the development of the project. Within the PRE-ICO, investors’ funds 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 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. 

Road Map

Team

 Read More :

 WEBSITE: https://goo.gl/mqsKmU

 WHITEPAPER: https://s3.us-east-2.amazonaws.com/moneto-whitepaper/moneto_whitepaper.pdf

 TELEGRAM: http://t.me/Mone_to

 MY PROFILE BTT: https://bitcointalk.org/index.php?action=profile;u=1544697

 MY ETHERWALLET:  0xb6D3E0289587Cbf7688b4fd76d280c599e76Afd3