MONAIZE, The New Blockchain Bank
With so many tokenized platforms popping up in recent days but I am very impressed with this as this is a solution for business owners like me. Monaize is a European e-banking platform that provides the first mobile business account for businesses. Monaize lets you create a business account today in less than five minutes with your smartphone not so appealing ?. Monaize has a wide range of integrated third party services including professional insurance, innovative payment solutions, crypto wallets, borrowing and factoring; empowering entrepreneurs to focus on their business. Monaize will expand its services to the United States, Canada, South Africa, Australia and Malaysia in the coming years.
Before I go deeper into the Monaize platform and how it works, I will soon give a brief description of Cryptocurrency and Tokens for those who do not understand what and how these terms. You can skip this section if you already do it.
So what is CRYPTOCURRENCY?
I first heard about Bitcoin in 2012 but I do not "understand."
Terms such as decentralization, crypto trade, are distributed and disintermediatipiqued my interest, but I have no technical understanding to really understand what I see.
I started reading a little more in 2015. However, only after diving in the past 1 year, I feel I started wrapping my head around it.
Cryptocurrency is a form of payment similar to commonly used currencies like the United States Dollar or British Pound. However, unlike these currencies, cryptocurrencies are decentralized. There is no central government that prints more of them to inflation. In fact, cryptocurrencies have been formulated to gradually reduce production over time. Bitcoin, for example, will never have more than 21 million coins in deployment.
WHAT IS TOKEN?
Token is a value representation, a kind of digital asset (dasset). The Ethereum developers decided to standardize this process, so ERC20 'Token Standard' was created. This templated-contract standard includes a set of functions that allow formal, standardized issuance, distribution and control of assets.
Token standards allow for the ease of interoperability between DApps (decentralized apps built on Ethereal's public chain) and token built by programmers.
HOW MONAIZE WORKS
At Monaize, everything is done online, no need to dress up with fancy suits, not in branch meetings, no business plan presentations not to connect with bank managers. The Monaize Platform makes it possible to open a business account within 5 minutes of the comfort of your home. This is possible thanks to the fully automated KYB (Know Your Business) on-boarding process. Users enter personal and company registration information and then take a photo ID / passport and proof of their address from within the app. This information is verified and users get instant access to their current business account within the Monaize mobile app. After the verification process, you are immediately given a local IBAN. Mastercard shipped within 5 business days after account opening.
MONAIZE FEATURES
Professional Insurance: The business cover is tailored to the needs of your industry
Payment Solutions: mPOS, Email, SMS and others
Finance: People's loans, Factoring Receivables.
MONAIZE ICO
Monaize offers a pre-payment of their token (MNZ). and has been structured to provide the best opportunity for anyone who wants to participate from the start, providing maximum flexibility and control for the participants. The current price is 0.0001 Bitcoin per CRPT.
The start date for ICO is Friday 10 November 2017 at 12:00 (GMT) and will last for 30 days
INITIAL INFORMATION MOVER
First 6 hours - + 20% bonus MNZ
From 6-24 Hours - + 15% bonus MNZ
Day 2 and 3 - + 10% bonus MNZ
DAY 4-7- + 5% bonus MNZ
USE OF FUNDS
Integration of party services to-
3 (new payment system, multiple loan solutions, automated and other customer chat services)
Further iOS and Android app development
Research and development of blockchain
Marketing and sales
Administration and operation
Development of strategic partnership L
egal international expansion
DISTRIBUTION ICO TOKEN
70% of the generated tokens will be distributed during the token sale under the ticker symbol MNZ.
A maximum of 1% of the generated MNZ token will be promised to some initial supporters (Komodo team) as part of the initial sale. The collected funds will be used for sales and marketing communications and logistics.
9% of MNZ tokens will be ruled out and distributed overtime as part of incentive schemes to individuals and organizations contributing to the Monaize project. This may include marketing, business development, educational content and parcel bugs to name a few.
20% token will be allocated to the Monaize core team and initial supporters as an incentive pool held in escrow and held for 3 years to ensure long-term commitment to the company and therefore for the future value of the token itself.
kuti Monaize Project:
Website: https://monaize.com/#/uk
Twitter: https://twitter.com/monaizefr
Facebook: https://fr-fr.facebook.com/gomonaize
White Paper: https://monaize.com/assets/pdf/monaize_whitepaper.pdf
MY BTCTALK: https://bitcointalk.org/index.php?action=profile;u=1033626
my eth: 0x551FFf8a92742A6643fc0C144C946278330C9B08
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