Hello Guys, welcome on my blog! Today I will talk about a very exciting project. We will discuss how Monoreto is implementing blockchain technologies in a decentralized industry, and we will also talk in detail about the details of the ICO.
What Is Monoreto ?
Monoreto is a platform that helps users earn from using it without intermediaries. Each like costs at least 5 cents in tokens. By giving likes you promote your account in the newsfeed (as well as by receiving likes), get a part of the platform's profit and other benefits. Zero transaction costs and all the mechanisms to motivate liking mean a lot of use cases (direct profit without ads, crowdfunding, charity, online quizzes with cash prizes etc).
How Monoreto Blockchain Social Network Coin Works
Monoreto aims to solve all of the problems listed above by “creating the world’s first generous social network for every user on the planet.”
The key feature of Monoreto is that users receive MON tokens for each like they receive. Every time you post a photo, video, or update on Monoreto, you have the opportunity to earn real money for each “like” you receive.
The goal of implementing a paid-like system is to increase the significance and value of likes. Likes are no longer just an arbitrary way to recognize someone’s accomplishments on social media. They’re a way to transfer genuine value.
The cost of a like in MON tokens will be the USD equivalent of 5 cents ($0.05). In other words, you’re going to need to spend $0.05 every time you like something on Monoreto.
All Monoreto transactions take place using special wallets connected to personal user accounts. It will be possible for users to convert received MON tokens to cryptocurrencies like bitcoin, Ethereum, and others. You can also convert MON tokens to the other Monoreto token, MNR, which is available for purchase during the ICO.
Monoreto aims to function like a blend between Facebook, Twitter, and Instagram. It will have core social networking features like live video broadcasting, a timeline of posts from people you follow, and the ability to comment on content. Your network will likely consist of more than just people you personally know, however: Monoreto is building itself as the ultimate blogging platform, allowing people to share their creative skills with the world.
The Vision of the Market
The project description provides an analysis of the most popular social networks (Instagram, Facebook, Reddit, Twitter, VK) as of January 2018. The main segments of social networks users are described:
- active users (for example bloggers) who create and monetize their content;
- users who create high-quality content but don't monetize it;
- users who don't create their content but consume someone else's content.
The founders of the project see the problem of the market in the fact that users creating content don't earn any income but social networks do it.
Also there are statistics of the survey of users dissatisfied with the dominance of advertising in social networks and very detailed statistics on the most popular social networks. Such indicators as the number of users, the dynamics of social network growth, the use of social networks for business and others are analyzed. Special attention is paid to the analysis of Facebook and Instagram. The audience of these social networks is studied in great detail.
Thus we can confidently assert that the founders of the project understand the market in which Monoreto will be promoted.
Monoreto MNR Token ICO Details
To start a crowdfunding campaign, the team launches MNR app token under the ERC-20 standard with a limited release. Distribution of tokens will be done by a smart contract. Raised funds will be used to launch the platform and to develop it further, as well as to finance advertising and marketing, and to maintain the platform’s operation.
The distribution campaign for MNR ERC-20 tokens pre-ICO starts on May 10, 2018 and continues to June 10, 2018. During the pre-ICO, 6% of tokens will be sold with a 50% discount of the ICO price excluding ICO discounts (2.5 cents).
Monoreto Conclusion
Monoreto is a new social network with several novel concepts. The first and biggest change with Monoreto is the fact that users pay for “likes”. You spend Monoreto’s native MON tokens on likes. That gives each “like” a value of approximately $0.05. Content creators are encouraged to join the platform and begin blogging to collect likes.
Monoreto also comes with social media features like livestreaming, live quizzes, innovative advertising models, the ability to upload photos and videos, and more.
Monoreto isn’t entirely built on blockchain technology. Instead, Monoreto is an app that uses the NEM blockchain as a payment processing tool.
For more information, please visit the link below:
Author: anisah fitri
Website : http://monoreto.com/
Whitepaper : http://monoreto.com/resources/Monoreto_WP_ENG.pdf
Facebook : https://www.facebook.com/monoreto/
Twitter : https://twitter.com/MonoretoSocial
Telegram: https://t.me/monoreto
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1870804
mytherwallet: 0xd683D30EF6322AaCe8BAf6CB7cb5a93853ac0B51
