MoniBooks — Simple 2 Use Yield Farming Platform

maverickcoins17 (25)in #monibooksdefietherum • 4 years ago

Introduction

Cryptocurrency is an electronic money created with technology controlling its creation and protecting transactions, while hiding the identities of its users.

Crypto- is short for “cryptography”, and cryptography is computer technology used for security, hiding information, identities and more. Currency simply means “money currently in use”.

Cryptocurrencies are a digital cash designed to be quicker, cheaper and more reliable than our regular government issued money. Instead of trusting a government to create your money and banks to store, send and receive it, users transact directly with each other and store their money themselves. Because people can send money directly without a middleman, transactions are usually very affordable and fast.

To prevent fraud and manipulation, every user of a cryptocurrency can simultaneously record and verify their own transactions and the transactions of everyone else. The digital transaction recordings are known as a “ledger” and this ledger is publicly available to anyone. With this public ledger, transactions become efficient, permanent, secure and transparent.

With public records, cryptocurrencies don’t require you trust a bank to hold your money. They don’t require you trust the person you are doing business with to actually pay you. Instead, you can actually see the money being sent, received, verified, and recorded by thousands of people. This system requires no trust. This unique positive quality is known as “trustless”.

Blockchain is technology for creating permanent, secure digital recordings that don’t rely on any single person or group. Blockchains can record any information, though the first example was created to record bitcoin transactions.

Imagine the blockchain as a book of records. Each page in that book, is a block, and can record anything. Blocks are created one after the other, chained to each other creating what we know as the blockchain.

Multiple blockchain records are maintained simultaneously by many of unrelated individuals and their computers, making it cloud storage on steroids. Updates are seen immediately and manipulation is extremely difficult/impossible. This positive quality known of many people keeping their own copies of the blockchain is known as “distributed”.

There are hundreds of blockchains created by many groups to records all sorts of information including art, medical records, computer information and much more.

But if a blockchain is not distributed among many individuals and instead run by one government, organization, group or person, than it is not at a blockchain at all. A centralized system like that is simply a database.

What Is MoniBooks ?

MoniBooks(MNBKS) is a DeFi Stake and Yield Farming Platform. It is a decentralized staking platform that provides passive income to its investors by distributing rewards to users according to the amount of token staked and the retention time of the tokens on the staking platform. In addition, to yield farming strategies via smart contract, MNBKS provides security services for inexperienced users as a DeFi gateway and shows all on Blockchain to users for transparency purposes. MNBKS can be easily integrated with DEX or other platforms for yield farming infra-structure and commission rebates. MNBKS token can be used for staking, farming, fee rewards, voting and governance in the MoniBooks platforms.

Yield farming is the practice of staking or lending crypto assets in order to generate high returns or rewards in the form of additional cryptocurrency. This innovative yet risky and volatile application of decentralized finance (DeFi) has skyrocketed in popularity recently thanks to further innovations like liquidity mining. Yield farming is currently the biggest growth driver of the still-nascent DeFi sector, helping it to balloon from a market cap of $500 million to $10 billion in 2020.

In short, yield farming protocols incentivize liquidity providers (LP) to stake or lock up their crypto assets in a smart contract-based liquidity pool. These incentives can be a percentage of transaction fees, interest from lenders or a governance token (see liquidity mining below). These returns are expressed as an annual percentage yield (APY). As more investors add funds to the related liquidity pool, the value of the issued returns rise in value.

At first, most yield farmers staked well-known stablecoins USDT, DAI and USDC. However, the most popular DeFi protocols now operate on the Ethereum network and offer governance tokens for so-called liquidity mining."

THE MONIBOOK PLATFORM

In the MNBKS staking platform, the next node creator or block generator is chosen via a specific formula where the node creator must bet their MNBKS token, so we use random to predict the submission. Create later using the formula to find the lowest hash value associated with the size of the stake.

So we try to achieve fairness instead of POW, where wealthy miners earn all the money. Since the stakes are public, each node can be predicted with reasonable precision that the next account will gain the right to forge the block.

The deposit reward will be provided by MoniBooks dAPP instead of the user who is making the transaction. MoniBooks uses Proof-of-Stake as a consensus mechanism. In Proof-of-Stake, to become a node validator, they need to stake their MNBKS Token in order to be elected as the next node validator. Thus, MNBKS Tokens will be given to the community of people who bet on their tokens.

The structured MoniBooks platform can be connected to a wallet, and investors can easily bet their tokens on the app. In the early phase of the project i.e. on the MoniBooks platform, investors can transfer their tokens to their wallet or another platform at any time without token locking time.

The MoniBooks Advantage
1. Minimized Risk

Interest Account aims to give you high-yield returns as fast and as easy as possible. That’s why our new product is one of the most intuitive and accessible in our portfolio.

2. Passive Income

You are guaranteed to earn a fixed interest on your asset. Watch your savings grow every day, withdraw whenever you want. Money works for you 24/7, even while you sleep.

3. Withdraw Whenever

Your funds are never locked as it often happens with a traditional bank savings account. You are free to withdraw the funds at any time with a single click.

4. Hold Score

To generate profitability, HOLD or use the trade option within the exchanges where MNBKS is available! Enjoy the DeFi technology to optimize your earnings.

What income should you be expecting?
An ordinary user can get twice as much income on the platform itself as others. The pool of MNBKS-ETH UNI-V2 LP tokens gives more tokens per day. The use of the pool is not limited in time and the contribution from both the minimum and the user’s request.

The company supports its clients and is the guarantor of their investments. The company pays a fixed percentage on the assets of the registered user. MNBKS tokens will be transferred to the community of people who place bets on their tokens.

The Post Mining Program Set-up

MNBKS-ETH

Deposit MNBKS-ETH UNI-V2 LP

USDC-ETH

USDC-ETH UNI-V2 LP deposit

WBTC-ETH

Deposit WBTC-ETH UNI-V2 LP

DAI-ETH

Deposit DAI-ETH UNI-V2 LP

Token Details (MNBKS)

Name: MoniBooks Token

Type: ERC20

Symbol: MNBKS

Decimal: 18

Total Volume: 550,000.00 MNBKS

Token Distribution(Spread)

Treasury — 220,000 (40% — liquidity, etc.)

Team — 110,000 (20%)

Private sale, auction sale / marketing — 220,000 (40% — private investors, airdrops, bounty and marketing / operations)

Token MNBKS

Name: MoniBooks Token

Type: ERC20

Symbol: MNBKS

Decimal: 18

Total Volume: 550,000.00 MNBKS

Allocation

Treasury — 220,000 (40% — liquidity, etc.)

Team — 110,000 (20%)

Private sale, auction sale / marketing — 220,000 (40% — private investors, airdrops, bounty and marketing / operations)

Guidelines on how to Buy $MNBKS

Go to https://bounce.finance/ or https://app.bounce.finance/ site and enter pool ID (# 5188) or Pool NAME (MoniBooks Sale) on the point of arrival. The Official Token Contract address is: 0x1981C31678Fb5f427AD3f15Ca08F0b1cb0c7504e

Use Google Chrome to relate your Ethereum wallet to participate in the ricochet pool.

Send your ETH to exchange for MNBKS tokens, the amount of MNBKS tokens you get relies upon the Ratio (1500/ETH).

MNBKS tokens will be dispatched off customers' wallets following the exchange has been executed successfully.

The Company's Site

https://app.bounce.finance/governance

https://www.monibooks.com/farms

The Formidable Team

The company has a team of professional specialists. The company consists of highly motivated and experienced professionals in many areas of financial activity. Due to the regulatory uncertainty of DeFi, the founding members are semi-anonymous. The average type of customers ranges from individual online entrepreneurs to banks and financial corporations ready to save their savings during the global crisis. The favorable conditions provided by the company allow the growing user to safely make transactions on a secure system and earn money from mining pools.

The economic policy of the company conducts a number of measures to introduce its products of the company’s investment token as a bounty company and an airdrop.

The development of the company’s economic policy is designed to fulfill a specific goal of introducing its products and services to the masses of ordinary users and availability.The airdrop is designed for 2000 participants, for a distribution amount of only 50,000 MNBKS. distribution will take place in the last week of April 2021.

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://www.monibooks.com/

Telegram Channel: https://t.me/monibooksyfchannel

Telegram Group: https://t.me/joinchat/G1AYLvmApuVbHkEE

Twitter: https://twitter.com/MonibooksYF

Medium: https://medium.com/@monibooks

Smart Contract: https://etherscan.io/address/0x1981C31678Fb5f427AD3f15Ca08F0b1cb0c7504e

Exchange: https://app.uniswap.org/#/swap?inputCurrency=0x1981C31678Fb5f427AD3f15Ca08F0b1cb0c7504e

Bitcointalk Username: Maverickcoins17

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=3104674