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Monet – ICO Detailed Information


ICO Monet
Monet Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.
Start September 16, 2019
End September 27, 2019
Rating 2.8
Status
KYC Yes
Founded
Categories Finance
Whitepaper No
Discussion

Monet Overview

ICO description, Technical Details and Documents

The evolution and development of cryptocurrency and blockchain technology over the last decade have revealed the flaws in the modern systems and industries around the world. Many of these flaws were unnoticeable, before we knew that we could do better, and this path to the more practical solutions was brought by cryptos and blockchain.

These new technologies revealed the advantages of decentralization, expanding the possibilities, and providing new solutions that could impact the world in a positive way.

However, even after years of development, we are still quite far away from implementing and perfecting these solutions. This is a consequence of the complexity of these issues, but also of the technology that is supposed to solve them. Simply put, there is a lot more to blockchain than meets the eye, and many experts believe that we have only scratched the surface when it comes to its development and evolution.

Even the blockchain itself still suffers from a lot of issues, many of which can be resolved, but the process takes time and effort. Still, this evolution does keep going with each new project, and one new solution that was designed to solve the problems regarding scalability and decentralization is one such project. Its name is Monet, and it is the project that interests us today.

About Monet


As mentioned, Monet is a project that aims to solve the issues of scalability and decentralization through the use of mobile ad hoc blockchains. It is based on a consensus system known as Babble, and it is capable of processing thousands of transactions per second.

The concept behind the project is relatively simple to grasp. In the P2P economy, individuals act as providers of services and goods, as well as customers. However, such an arrangement cannot survive on a centralized client-server infrastructure. This was realized a while ago, and since then, there were several attempts to move such services to the public blockchain. However, this has proven to be inefficient, as this kind of a solution required each node around the world to process every command.

There is a way to partially solve the issue by creating a more efficient consensus protocol, although the very idea of implementing localized services on a public network that is globally available is fundamentally flawed. Monet comes with another solution — a system that is based on mobile ad hoc blockchains.

With this solution, groups of people that are involved in pretty much any activity or task could create temporary networks with nothing but their phones, and coordinate themselves by themselves, with no third parties needed for delegating the responsibilities. All that the users would need to do is connect to those they need to be connected to, and stay connected until their interaction is needed.

This approach can significantly simplify things and provide a better, faster solution, and all it requires in order to work, is Monet's native cryptocurrency, which will be offered in a token sale within a few days.

Monet ICO details


As mentioned, Monet is preparing to launch its ICO right now. The project originally held a preICO from July 15th to July 31st. The ICO itself will start in about five days, on September 16th, and it will last for about 11 days, ending on September 27th.

The project will offer a token known as TENOM, which is a utility developed on a separate blockchain, instead of utilizing Ethereum, EOS, TRON, or some other development platform. Interested investors will be able to purchase the tokens in exchange for ETH, CHF, or USD, and its price will be 1.54 CHF for 1 TENOM.

The project has set up a hard cap of 6.160,000 CHF, it offers a bounty, and it was registered in Switzerland. It has three restricted areas — Japan, China, and the US. Everyone else is allowed to participate, as long as they go through KYC and Whitelist procedures.

Author: Ali Raza for Crypto-Rating.com

Monet Milestones

* Crypto Rating accepts no liability for any errors in the Monet ICO information and Rating. For the most up-to-date information please visit the ICO's official website.

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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 96% 2 $26 928.47 -0.71% 1.47% $525 089 762 777 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 94% 3 $1 665.19 0.42% 4.57% $200 215 397 562 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $0.999859 -0.02% -0.02% $83 264 814 922 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 94.8% 2 $215.67 0.18% 2.40% $33 180 858 234 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 92.8% 8 $0.532033 4.66% 3.39% $28 363 921 577 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 93.6% 1 $1.000025 -0.03% 0% $25 224 083 856 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 91.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
8 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 85.2% 26 $0.089033 3.90% 6.31% $9 052 505 410 WTRX 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 90.4% 6 $0.061973 0.87% 0.88% $8 751 141 540 DOGE 7 days price change
10 Cardano (ADA) ADA Cardano predictions 90% 7 $0.249024 -0.02% 2.13% $8 747 839 413 ADA 7 days price change
11 Solana (SOL) SOL Solana predictions 86.8% 18 $20.25 2.78% 4.53% $8 360 680 712 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 85.6% 22 $0.089574 3.69% 7.57% $7 978 844 652 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 62.8% 84 $2.21 -0.96% -3.88% $7 601 171 597 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 94% 1 $0.999946 -0.07% 0.05% $5 347 597 900 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 93.2% 7 $4.08 -0.14% 1.68% $5 010 206 612 DOT 7 days price change

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