Blockchain technology has attracted more attention in the world’s financial services sector and is rapidly spreading to supply chain management, health care, shipping, food, and product tracking, transportation and sales to consumers. It improves transparency and visibility, accelerates transactions, reduces fraud and financial crime, technologies together and securely, streamlines business processes and reduces data duplication and keeps business value at the forefront.
One of the platforms that use this technology is Monoreto. Monoreto is a blockchain-based social network where everyone can earn rewards for unique content. The Monoreto team offers an innovative platform that helps all its users benefit from using it, using monoreto products that have been designed based on social network users;
- Creative users
- A Compassionate User
- Recognition of professional talents and skills
- Generate revenue
Social Networking Issues Now.
The biggest problem with existing social networks is the lack of any special rewards to the casual users who create the content.
- Social networks now like Instagram, Facebook, Reddit, Twitter, VK, and many others, do not compensate for quality content created by the displays.
- For popular users, social networking platforms now do not reward their content on social networks.
- No revenue is given to bloggers and photographers who have worked with advertisers to advertise goods and services on social networks.
- The structure of most social networks does not value the idea, like as a content writer’s promotion.
To solve this problem, the specialist team has developed an innovative Monoreto platform. Monoreto is a social network that:
- Give each user a chance to earn from posting photos and videos
- Increase the significance and value of likes and improve the overall quality content
- Reduce the need for blogger advertising as a method of monetization
- Making fakes and bots unprofitable
Technological Solutions from Monoreto
Monoreto is a blockchain based platform that will provide an incentive to be part of the Monoreto in the form of a MON token guaranteed by cryptocurrency for user activity. The Monoreto and MON token platforms will be created with NEM technology. NEM is an open source blockchain platform that supports smart contracts to process transactions.
Cryptographically Covert protected MON token contracts are apps that have complete tracking stored in NEM blockchain and provide automatic liability fulfillment. NEM is a feature of cryptocurrency currency created based on blockchain with the innovative use of the Proof-of-Importance algorithm. NEM also has an integrated system for transferring encrypted messages, possible multi-signing accounts, and reputation systems. The NEM blockchain software is used in the open Mainet blockchain network and commercial Mijin blockchain network that is being tested by financial institutions and private companies in Japan.
The developer team also considers the Monoreto project version of the Ethereum blockchain with the integration of the MNR token sold during the token sale.
For the development of the Monoreto platform, teams will include classic apps in the form of social networks that use blockchain technology for transactions. This will allow posts to be published for free and provide secure transactions. This app will interact with blockchain through the selected blockchain API.
A convenient REST API like Facebook Graph will be available for developers. Each app will get its own unique ID number required when interacting with the site. Apps that are fraudulent or of poor quality will be prohibited.
Monoreto Legal Structure
Monoreto is registered in Singapore as Monoreto Pte. Ltd. The main office of the company is located in Moscow, Russia. Top managers, founders and lead developers are in Russia and they comply with all federal, regional and local laws there.
The Monoreto advisory board includes professionals with years of experience in blockchain technology and legal studies. The Monoreto team can provide the best legal support for its ICO thanks to its extensive expertise and active participation.
Monoreto Social Network
Monoreto will bring a new kind of revolution in the realm of social media using blockchain-based applications. The main Monoreto user app is basic software (for web browsers and mobile apps) and a set of APIs, libraries, and SDK packages that will allow third-party developers to create their own add-on platforms (similar to the Facebook Graph API). In providing an open platform without intermediaries, Monoreto offers the same services and revenues as other third-party developers in the ecosystem can.
Monoreto will award a bonus for the first 500,000 Monoreto users in the amount of 23% of the total MON token pool planned as part of the initial launch of social networking to stimulate platform development. The Monoreto team will continue to improve the mechanisms used for live advertising and smart feeds where direct marketing is developed. Part of this platform is oriented to work with major advertising services suppliers. Once an initial market is created, continued marketing efforts will be directed at a steady increase in the number of participants in the ecosystem.
Establishing a platform’s real value will take time because it requires a sufficient number of users. The first 500,000 users will be given a small startup capital that will be required to be familiar with the platform functionality. 18% of MON tokens are planned to be distributed among them. Another 5% token is planned to be distributed through various marketing campaigns designed to increase the Monoreto Internet’s popularity.
After the launch of the platform, the Monoreto team will focus on promoting projects among bloggers, celebrities, and large corporations providing goods and services. We hope that celebrities and opinion makers who open accounts on the platform will bring in new users.
Period of ICO Monoreto
The MNR application token will be released under the ERC-20 standard with the limited release to conduct a fundraising campaign. Token distribution will be done by smart contract. Funds collected will be used to launch the platform and to further develop it, to finance advertising and marketing, and to manage platform operations.
The distribution campaign for MNR ERC-20 tokens (pre-ICO) is scheduled to begin on May 10, 2018, and continues until June 10, 2018. MNR tokens available during the pre-ICO period will be distributed no later than 1 month after the crowdfunding campaign begins or until the seal hard pre-ICO achieved. The campaign launch date will be posted on the monoreto.com website, on social networks, and on other channels.
- Soft Cap Pre-ICO: $ 200,000
- Pre-ICO Hard Cap: $ 800,000
During pre-ICO, distribution of 6% token with 50% discount from ICO price excluding ICO discount (2.5 cents) is planned. If the pre-ICO soft cap is not achieved, all funds collected will be returned. If the soft hat is reached, ICO will be held and is scheduled to take place from 15 August 2018 to 30 September 2018.
- Soft Cap ICO: $ 1,000,000
- ICO Hard Cap: $ 15,000,000
57% token is planned to be distributed during ICO with a discount depending on when a token is purchased. If ICO soft caps are not achieved, all funds collected during ICO will be returned.
Token Distribution:
- 23% for initial platform users
- 11% remain part of the company
- 3% is used for prize gifts
- 63% for crowdsale participants
The intelligent contract mechanism allows the proportions shown to be maintained including in the case that less money is collected during the crowdsale than planned. Thus, there will be no increase in team sections if this happens.
Distribution of funds collected after Sale Token:
- 50% for the development of the Monoreto platform
- 25% for marketing and advertising applications
- 15% for future Monoreto platform development
- 10% in spending on legal regulations
Conclusion
Monoreto is a lucrative social network, providing an easy mechanism for users to publish content and share with other social networks (Instagram, Facebook, etc.) with a single click. Monoreto simplifies this process as much as possible and creates additional value through income generation.
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