About Monoreto Ico
Moneroto product has been designed to solve the problems had by all three Social Network user categories. The Monoreto team offers an innovative platform that helps all its users earn from using it. Monoreto is a blockchain-based social network where everyone can get rewards for their unique content.
Monoreto will help raise funds for charity. For the first time, likes can end up helping save someone’s life or make their dreams come true! The platform can also help raise money to implement business ideas. Professional bloggers will easily be able to join our social network and earn additional money and users who create quality content but have not received any monetary reward for it can start getting a regular monthly income. The platform encourages people to create quality photo and video content and enables talented users to earn from what they produce and be motivated to create more. The most popular content will be highlighted in the Monoreto newsfeed and allow content authors to expand their audience.
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Token Name: MNR Soft Cap: $1,000,000
Hard Cap: $15,000,000
The biggest problem of existing social networks is their ungratefulness for the efforts made by ordinary users that create content. On existing social networks like Instagram, Facebook, Reddit, Twitter, VK, and many others, users generate quality and unique content without any compensation at all. No users of these popular social networks get rewarded for their content by the network or other users. Monetization of content through advertising is usually done by hyped bloggers and photographers who decide which advertisers to cooperate with as well as new authors who advertise questionable goods and services to earn money.
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To solve this problem, a team of specialists has developed the innovative Monoreto platform. Monoreto is a social network that:
- Gives every user the opportunity to earn from posting photos and videos
- Increases the significance and value of likes and improves the overall quality of content
- Reduces the need for blogger ads as a monetization method
- Makes fake likes and bots unprofitable
In order to solve this problem, the Monoreto network will help talented authors break free from dependence on advertising. If content popularity is sufficiently high, authors will get a large number of monetized likes. This will promote relations between content makers and followers and increase audience loyalty as a result of the reduction in annoying advertisement posts.
Monoreto allows for distribution of advertising content in a natural environment on the social network and influences its popularity. Making it to the top on Monoreto are not only accounts that bring in the most likes but also the accounts of users that support interesting projects (top donators). In liking quality content of other users, the business account itself climbs upwards on Monoreto’s smart feed and gives information to potential consumers through content. A business owner thereby gets a real return on advertising investment and his money ends up going to his favorite photographer, blogger, actor, or even another business he decides to support instead of to some advertising intermediary.
The platform team has created a blockchain-based distribution platform called Monoreto. Incentives for being a part of Monoreto come in the form of MON tokens secured by cryptocurrencies for user activity. The platform and MON tokens will be created with NEM technology. NEM is an open source blockchain platform supporting smart contracts to process transactions. Cryptographically-protected smart contracts are applications that have complete tracking stored in the NEM blockchain and provide automatic fulfillment of obligations. It’s possible to switch from NEM to a personal platform.
• 23% to initial platform users
• 11% remains the company’s share
• 3% used for bounty prizes
• 63% of crowdsale participants
The smart contract mechanism allows indicated proportions to be maintained including in the case that less money is collected during the crowdsale than is planned. Accordingly, there won’t be an increase in the team’s share if this happens.
Distribution of collected funds after the Token Sale:
• 50% of the development of the Monoreto platform
• 25% of marketing and advertising applications
• 15% for future development of the Monoreto platform
• 10% of expenditure on legal regulations
A bonus for the first 500,000 users of Monoreto in the amount of 23% of the total pool of MON tokens is planned as part of the initial launch of the social network in order to stimulate the development of the platform. Monoreto team will continue improving mechanisms used for direct advertising and the smart feed where direct marketing is developed. This part of the platform is oriented towards working with large suppliers of advertising services. After the initial market is created, continued marketing efforts will be directed at a steady increase in the number of participants in the ecosystem.
Funds for Charity
Monoreto understands the importance of social responsibility of business to society and has decided to make some contributions of its own. Monoreto will take 10% of its profits monthly to develop charity projects (support of children’s sports, forest conservation, assisting animal shelters). The company will put together financial documentation according to monthly results and will provide photo and video reports on the charitable work it is doing. Blockchain technology makes it possible for everything about these projects to be totally transparent.
Monoreto is registered in Singapore as Monoreto Pte. Ltd. The company’s main office is located in Moscow, Russia. The top managers, founders, and main developers are situated in Russia and they comply with all federal, regional, and local laws there. Monoreto’s advisory board includes professionals with many years of experience in blockchain technology and legal studies. The Monoreto team is able to provide the best legal support for its ICO thanks to its broad expertise and active participation.
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