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Website: www moneta.holdings
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"In practice, that means users don't need a bank if, for example, they want to pay each other, perhaps with their phones."
moneta.holdings
In our solution, fiat pegged cryptocurrencies are called “Moneta”. All Monetas will initially be issued on the blockchain so they exist as a cryptocurrency token. Each Moneta unit issued into circulation is backed in a one-to-one ratio (i.e. one Moneta USD is one US dollar, one Moneta UAH is one Ukrainian Hryvnia) by the corresponding fiat currency unit held in deposit by Moneta Holdings. (http://www.moneta.holdings)
A digital coin backed by fiat currency offers a stable and decentralized means of trading value while using a common accounting unit for individuals and organizations. An auditable and cryptographically safe global ledger - comes with the invention of blockchains. In order to exchange in familiar, less risky currencies and securities, asset-backed crypto token underwriters and other market players may take advantage of blockchain technologies, along with embedded consensus structures. We suggest a mechanism to establish a 1-1 reserve ratio between a cryptocurrency coin, called Moneta, and its related real-world asset, fiat currency, in order to maintain transparency and ensure equilibrium in the exchange price. This system uses the blockchain, Proof of Deposits, and other audit methods to show that released tokens are strongly endorsed and reserved at all times.
Monetas may be redeemable/exchangeable for the underlying fiat currency pursuant to Moneta Holdings terms of service or, if the holder prefers, the equivalent spot value in any other cryptocurrency. Once a Moneta has been issued, it can be transferred, stored, spent, etc. just like any other cryptocurrency.
The fiat currency on reserve has gained the properties of a cryptocurrency and its price is permanently monetized to the price of the fiat currency. Our implementation has the following advantages over other fiat pegged cryptocurrencies:
- Monetas exist on the blockchain rather than within closed source software running on centralized, private databases.
- Monetas can be used just like bitcoins, i.e. in a p2p, pseudo-anonymous, decentralized, cryptographically secure environment.
- Monetas can be integrated with merchants, exchanges, and wallets just as easily as Bitcoin or any other cryptocurrencies.
- Monetas inherit the properties of the Layer protocol which include: a decentralized exchange; browser-based, open-source, wallet encryption; blockchain-based transparency, accountability, multiparty security, and reporting functions.
- Moneta Holdings employs a simple but effective approach for conducting Proof of Reserves which significantly reduces our counterparty risk as the custodian of the reserve assets.
- Moneta issuance or redemption will not face any pricing or liquidity constraints. Users can buy or sell as many Monetas as they want, quickly, and with very low fees.
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Tokenization Moneta
Tokenized Fiat Currencies (https://moneta.holdings/about/introduction-tokenized-fiat) Are on the Horizon. We believed that the major reserve and trade currencies of the world, would become digital currencies. Today we see sovereign currencies being tokenized, and we realize that global money tokens are on the horizon.
We were of the view that the world's big reserve and trading currencies must become digital currencies. We see sovereign currencies being tokenized now and we recognize that there are global currency tokens on the horizon.
The planet is headed towards a system of cheap, instantaneous monetary transactions of conventional fiat money, irrespective of which countries are launching digital fiat money. In addition, there would be a fundamental shift in the way payment processes, the banking system, and economic transactions as a whole will operate. Global currency tokens would emerge and become the preferred monetary model, supported by buckets of reserve currencies.
Any negative trends, including problems such as imperialism and trade disputes, are stopping immediate change.
Many countries are now on the blockchain bandwagon; nevertheless, there is no general agreement yet that a local tokenized monetary money and a local blockchain-based payment mechanism will be marked if every particular project is introduced.
Digital money may take various forms that reflect money, account-based or token money, within or outside, and can be an individual currency or part of a conventional currency domain.
Historically, currency competition has been restricted due to strong network externalities in the use of capital. Digitalization significantly increases the opportunity for currency rivalry by unbundling the properties of capital. The re-bundling of digital capital acts in the reverse way on broad social or economic networks.
In most countries, the reduction in the relative value of cash is motivated largely by the ease and reliability benefits that electronic payment methods deliver in tandem with mobile devices. A big societal obstacle in the transition to a cashless world is to save segments of the community from being left behind.
We were of the view that the world's big reserve and trading currencies must become digital currencies. We see sovereign currencies being tokenized now and we recognize that there are global currency tokens on the horizon.
The planet is headed towards a system of cheap, instantaneous monetary transactions of conventional fiat money, irrespective of which countries are launching digital fiat money. In addition, there would be a fundamental shift in the way payment processes, the banking system, and economic transactions as a whole will operate. Global currency tokens would emerge and become the preferred monetary model, supported by buckets of reserve currencies.
Any negative trends, including problems such as imperialism and trade disputes, are stopping immediate change.
Many countries are now on the blockchain bandwagon; nevertheless, there is no general agreement yet that a local tokenized monetary money and a local blockchain-based payment mechanism will be marked if every particular project is introduced.
Digital money may take various forms that reflect money, account-based or token money, within or outside, and can be an individual currency or part of a conventional currency domain.
Historically, currency competition has been restricted due to strong network externalities in the use of capital. Digitalization significantly increases the opportunity for currency rivalry by unbundling the properties of capital. The re-bundling of digital capital acts in the reverse way on broad social or economic networks.
In most countries, the reduction in the relative value of cash is motivated largely by the ease and reliability benefits that electronic payment methods deliver in tandem with mobile devices. A big societal obstacle in the transition to a cashless world is to save segments of the community from being left behind.
"In practice, that means users don't need a bank if, for example, they want to pay each other, perhaps with their phones."
moneta.holdings (https://moneta.holdings/)
What is “Asset Tokenization”?
Our world is full of untapped real-world assets. From private equity, real estate, gold reserves, fine art to agriculture, tangible items have been difficult to subdivide or physically transfer. Investors have manually traded these assets on paper, often through layers of intermediaries, which is slow, complicated, and expensive. These trades are also more difficult to track due to the regulatory nature of paper transactions, especially when it involves cross-border legislation.
Asset tokenization (https://moneta.holdings/about/introduction-tokenization) is the method of transforming a single asset's ownership rights into a digital token on a blockchain. These may include special hash values reflecting physical properties, financial instruments, real estate, shares, bonds, units of funds, etc...
Real-world asset tokenization would allow new markets by reducing obstacles to knowledge sharing and trade and friction.
Asset owners and investors will generate new efficiencies by transitioning to a digital token scheme, such as rendering assets more liquid by streamlining what was historically a slow, manual operation, while maintaining the real-world features of the underlying asset itself.
Also at its early stages, blockchain technology is changing how companies and transactions are envisaged by citizens. The most popular models applied by the technology are encrypted tokens and blockchain-based economies. Tokens are depictions of properties in digital form. Tokens are native cryptocurrencies, such as Bitcoin or Ether.
Modern blockchain-based systems, however, normally implement their own tokens, in the form of expanded protocol logic or smart contracts, on top of blockchains. This higher-level abstraction offers greater control over the key parameters and functionalities of the token and allows for the implementation of additional business logic.
“What we have is a maturation of the altcoin market, and we get investors and traders more comfortable understanding the fundamentals around what they’re buying,”
Daniel Varzari, Moneta Holdings CEO (https://www.linkedin.com/in/daniel-varzari/)
Fungible vs. Non-fungible Assets
Fungible assets and non-fungible assets are 2 kinds of assets that can be represented as blockchain tokens. Fungible assets are identical, meaning that each asset unit holding the same value is precisely the same.
For starters, a fiat currency unit such as the US dollar is a fungible commodity. All units of one-dollar notes are exactly the same, being interchangeable and having the same value. Fungible assets can also be divisible; they can be split into cents in the case of the dollar.
Non-fungible assets, however are unique and not inherently interchangeable. A gold bar, for instance, is usually special. Its weight, purity, and even serialization differentiate it. Each bar of gold can have a different meaning and as a native, real-work, they are not typically divisible.
A token on the blockchain will represent fungible and non-fungible properties digitally.
Fungible tokens are basic numbers that are correlated with account units. The transfers between accounts with a certain number of tokens constitute value transfers. In order to introduce tokenized currencies, blockchain-based systems prefer to use fungible tokens.
Non-fungible tokens, though, are still possible, usually in conjunction with fungible tokens that reflect pricing. In order to classify each individual item, non-fungible tokens need more data to be stored, and the handling of this type of token is typically more difficult.
Benefits of Asset Tokenization
The ability to reflect real-world asset ownership on a blockchain will conflict with how we handle properties.
High-value savings are actually not open to a significant majority of the global population. The future of global capital markets and capital mobility is reflected by emerging capital formation structures secured by distributed ledger blockchain technologies.
- No geographical barriers: an individual will invest in stuff across the globe from everywhere worldwide. An investor in California, for instance, might be able to invest in an office building in Argentina, all with the security, speed and ease of blockchain network transfer.
- No intermediaries: trade can be done without third-party brokers who frequently bog down the operation, rendering it unreliable and more costly, while adding to any deal the risk of further mistake.
- Lower investment risk: due to the possibility of gradual ownership of a range of properties, any single investment portfolio will become more complex.
- Improved tangible asset liquidity: Blockchain tokens enable fractional ownership to be implemented.
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Moneta
- Moneta Supported Countries and Currencies
- Technology Stack and Processes
- The flow of Funds Process
- Proof of Reserves Process
- Main Applications
- Moneta Geographic Focus
- Moneta Industries
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Token Ticker USDM, EURM, GBPM, JPYM, CNYM, CHFM
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Moneta Whitepaper (www moneta.holdings)
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Moneta Token Sale
The token sale is starting on the 25th of January 2021 and it has 3 discount bonuses according to the stage you acquire the Moneta token. Moneta pre-sale tokens are ERC20 tokens created and hosted on the Ethereum blockchain. Moneta pre-sale tokens are stored and sent using ethereum addresses and transactions and will migrate to Moneta Blockchain on Sep 2021. A wrapper for migration from Etherium to Moneta Main Net will be implemented through Moneta Wallet.
Moneta Tokens
USDM___ (https://moneta.holdings/images/monetas-icons/usdm/60_bl_USD.png)
EURM___ (https://moneta.holdings/images/monetas-icons/eurm/60_bl_EUR.png)
GBPM___ (https://moneta.holdings/images/monetas-icons/gbpm/60_bl_GBP.png)
JPYM___ (https://moneta.holdings/images/monetas-icons/jpym/60_bl_JPY.png)
CNYM___ (https://moneta.holdings/images/monetas-icons/cnym/60_bl_CNY.png)
CHFM___ (https://moneta.holdings/images/monetas-icons/chfm/60_bl_CHF.png)
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Moneta Token Sale
The token sale is starting on the 25th of January 2021 and it has 3 discount bonuses according to the stage you acquire the Moneta token. Moneta pre-sale tokens are ERC20 tokens created and hosted on the Ethereum blockchain. Moneta pre-sale tokens (https://moneta.holdings/home/moneta-token-sale) are stored and sent using ethereum addresses and transactions and will migrate to Moneta Blockchain on Sep 2021. A wrapper for migration from Etherium to Moneta Main Net will be implemented through Moneta Wallet.
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Moneta
Website (http://www.moneta.holdings)| LinkedIn (https://www.linkedin.com/company/moneta-holdings/)| Twitter (https://twitter.com/moneta_holdings) | Facebook (https://www.facebook.com/moneta.holdings/) | Reddit (https://www.reddit.com/user/moneta_holdings/)| Telegram (https://t.me/moneta_holdings)
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