Monoreto - monetization of the created content using blockchain technology
Currently, social networks are a popular way of earning. To receive passive income, you need to popularize your account and post advertisements from partner companies on your account. But there is a fair question - why does not the social network pay for promoting content to active participants? Decentralized Monoreto platform offers a new social network with the monetization of likes. Monoreto platform will work as a classic mobile application in the form of a social network, but it will be based on blockchain technology for transactions. This will allow publishing for free and providing secure transactions within the project. The application will interact with the blockchain through the selected API interface of the block.
For developers, a convenient REST API similar to the Facebook Graph will be available. Each created application will receive its unique identification number, which will be required when interacting with the site. Applications from scammers or those ones that are poorly created will be blocked.
Key features of Monoreto
Monoreto platform operates using NEM technology, which is an open source platform that supports smart contracts for transaction processing. Cryptographically protected smart contracts are applications that are stored in NEM blockchain and provide automatic fulfillment of obligations and processing of transactions. Monoreto also provides users with unique tools for investment. The namespace in monoreto.mon will be generated using cryptoassets in NEM blockchain.
Advantages of Monoreto
Monoreto's main user applications are the leading software for the web browser and mobile application, and a set of APIs, libraries and SDK packages will allow third-party developers to create their own add-ons for the platform (similar to Facebook API in nature).
In addition to the main activities, Monoreto will annually donate 10% of its profits to the development of charity projects (support of children's sports, conservation of forests, assistance to animal shelters). The company plans to provide photo and video reports about the charitable work that it conducts along with financial documents on monthly financial results. Thanks to the blockchain technology, the operational information is completely transparent. Monoreto team considers the problem of fraud in charity to be very serious, and it publishes a white list of charity accounts which can only be accessed after they have been verified. If an account is not in the white list, then the neural network will detect and block accounts that distribute spam.
Monoreto offers unlimited opportunities to increase assets, as well as to promote accounts. For example, a world-famous athlete will be able to post a message and announce three leading active participants of this post will have the opportunity to meet him at dinner, hold a training session in sports club, etc. Millions of users will fight for victory, the winners will be known to everyone and will become famous. Celebrity, in turn, will be able to donate funds raised to charity.
Monoreto cryptocurrency
To perform calculations within the project, MNR utility tokens implemented according to the ERC-20 standard on the basis of Ethereum are used. The tokens can be bought on an exchange or got free through comment and likes service. During the first round of the pre-sales, 17 million tokens out of 22 were sold. These results promise great success to the project. From August 15 to October 15, the project is at the pre-ICO stage where you can buy tokens with 40% discount. The main crowdsale is scheduled from October 20 to December 31, where you can get up to 20% bonus.
Summary
Thus, the platform offers its users a social network of a new level with the ability to manage the account, generate revenue for activities, post business ads on the project. A user receives a reward in platform tokens, identical to 5 US cents, for each like. Having saved the funds, a user will be able to start own project.
The project was launched in mid-2017. By the end of September, the release of the beta version of the platform is planned. Since 55% of the attracted investments are planned to be onvested into the marketing campaign, it can be concluded that there is an equity capital for preliminary testing of the beta version of Monoreto.
Links:
Website: https://monoreto.com
WhitePaper: https://monoreto.com/resources/Monoreto_WP_ENG.pdf
Telegram: https://t.me/monoreto_en
Facebook: https://www.facebook.com/monoreto/
Twitter: https://twitter.com/MonoretoSocial
Medium: https://medium.com/@monoretoinc
ANN: https://bitcointalk.org/index.php?topic=4728973
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.