The properties and purposes of our token have changed significantly. Please read this announcement carefully. Also we strongly recommend you to read the White Paper of the project.
Initially, the MONETO token (referred to as MTO) was intended for use as a security. According to our plans, MTO token holders would receive dividends and could also sell them on the stock exchange. However, the circumstances prompted us to change the target characteristics of the token, and, as a consequence, to change the bonus system for our investors.
The advantages will be realized in these ways:
provision of credit at a reduced rate;
loan processing for the longest period of time.
interest rate reduction by the partial token compensation.
The beginning of the PRE-ICO - 2018/04/10 at 0:00 (UTC-8)
Bonus - discounts on the pre-ICO will gradually decrease from 35% to 5% in the following order:
1st week— 35 %;
2nd week — 15 %;
3rd week — 5 %;
TOKENS EXTRADITION AND THE MECHANISM OF THEIR DISTRIBUTION
Features of MTO token: ;
Name – MONETO;
Abbreviation – MTO;
type – ERC20;
maximum number of tokens – 39 500 000 MTO;
tokens available for sale – 30 031 250 МТО.
The distribution of tokens will be done through a smart contract, a code that will be published in Github before the pre-ICO.
The MTO token (MONETO) is a utility token (useful token), or internal project coin. It is an excellent opportunity for potential project investors to gain access to various services after the launch of the Moneto.
Therefore, for owners of MTO tokens, it is possible to issue a loan on more favorable terms in comparison with ordinary borrowers: a reduction in the interest rate for the use of a credit or the execution of a loan for the longest possible period. There will be an opportunity to lower the interest rate received on loan using partial token compensation.
The range of available services will depend on the number of purchased MTO tokens. Clients will be able to buy tokens within the PRE-ICO and ICO, and after their completion, on specialized exchanges as well. MTO tokens will be released in a fixed amount, which will ensure an increase in their value in the future with the expansion of the MONETO service.
The initial release of the tokens will be launched by the technical standard ERC20 on the Ethereum blockchain using a smart contract. The smart contract source code will be published on Github before the Pre-ICO. Depending on the volume of the MTO tokens the following services are available:
5 MTO: a user receives a 10% discount for the interest rate;
15 MTO: a credit period is extended up to three months, and the discount for the interest rate is 20%;
50 MTO: a user receives a VIP status which opens access to all the features of the service, including the maximum possible 30% discount for the interest rate, the most extended credit period, and access to the MONETO * partnership program.
The purchased MTO tokens will be displayed in the user's account in the MONETO web service. Customers will be able to withdraw their tokens from their account in the Moneto web service. However, in this case, all privileges of the project participant will be canceled. The transition to maximum tariffs will automatically happen, and the terms of credit loans will be reduced to the basic ones.
Read more about the MTO token, stages and discounts of Pre-ICO (ICO) on the official website of the project:
