Bitcoin Forum

MDT is a cryptocurrency of the Monolithos DAO network. MonolithosDAO is an Ethereum blockchain smart contract platform. The goal of the project, built on the principle of a Decentralized Autonomous Organization (DAO), is to create stability in the world of decentralized things. This stability is implemented through MDT — an ERC-20 standard token, which allows you to use it in all the most popular Ethereum wallets (Metamask, Mist, MEW, etc.).

At the time of signing the MonolithosDAO protocol, a total of 1 million MDTs existed. To find out how many MDTs currently exist, check out the MDT Token Contract on Etherscan. The total number of existing MDTs may vary depending on how the system works. For example, the total volume of MDT may increase if the system is deficient and needs to be diluted with MDT as a source of recapitalization. If the system is properly managed, the total MDTs will decrease as the MDTs are destroyed in exchange for an excess of MCR from the system surplus.

MCR tokens are secured by a collateral, which can be any Ethereum-based asset approved by MDT token holders. More information can be found in the White Paper on the website https://monolith.money/white-paper

No, this is a coin that is issued by the decentralized platform Monolithos DAO, which runs on smart contracts of the Ethereum blockchain.

This is a stablecoin that is linked to the Russian ruble.

Yes, everything is true  you can always find out more about the coin on our website https://monolith.money/en/white-paper

Now it is MDT tkensale is live - so you can buy MDT tokens (it is management token). MCR can be issued with the provision of ETH and WBTC now, but now our goal is to create a community that will manage the system using voting and management tokens.

The trading will be available after the MDT token sale is completed. More information on our website https://monolith.money/en/token-mcr

Yes, everything is true, as we wrote above, the token can be issued with the provision of ETH and WBTC, but trading on land.monolith.money will be open only after the completion of the MDT token sale.

Monolith Whitepaper is Plagiarized
https://bitcointalk.org/index.php?topic=5264296

We are fork of MakerDAO. So where is plagiarism here if we are officially positioned as a fork?

You can send your proposal to me in private messages or to the official email address info@monolith.money

I will send you a link as soon as the English video will be available

wow are you gonna try copy all MakerDAO content to? you should understand what is " fork " means , its doesn't means you can copy everything include whitepaper from the forked project, there is alot project that copying MakerDAO project concept but atlease be creative with your own project whitepape, what is the purpose of having a team if you only able to stealing other project contents, i dont need the team for that. Be Creative or getting red trust. :P

The Monolith team should rectify this plagiarized whitepaper and with the red trust that he's getting, potential investors will be discouraged to check this project. Since it is obvious that they copied their whitepaper, then, what's new on this project? I hope this is not another Russian scam.

No. Project fork happens when developers take a copy of source code from one software package and start independent development on it, creating a distinct and separate piece of software (Wikipedia). This is exactly what we did!

Yes https://github.com/monolithos/

The Monolith is a copy of MakerDAO and we do not hide it. The difference is in the currency that the stablecoin is linked to. In our case it is the ruble. In MakerDAO - the dollar.

you shouldn't copy evrything from them even you are fork that project, that would be alright if you only fork their concept but its not very good to copy their content and put it as your Whitepaper even your concept are fork of Maker DAO , you should make it diffrent and write your own whitepaper, only scam shit project are copy other projectt content and whitepaper because its easy work to do for scammers. be creative and write whitepaper by yourself and not copy the Maker DAO whitepaper LoL.


The problem is they are copy whitepaper from Maker DAO and put it website as their whitepaper, is that good for you?

It is not a problem for me, because this project is a MakerDAO fork. If I understand correctly, technically the coin identical MKR, the only difference is in the currency to which the stablecoin is tied. In this regard it is not clear to me where is uniqueness. And if i correct you say what they need unique WP (for not unique coin) - so you think they needed spend money and time to rewrite the existing document in pursuit of uniqueness? Do you think it is good idea if the technical solution is the same?

Thank you for your opinion

Look at the volume of trades on the ruble and the answer will be clear

No, Monolith is not a government project. But you are partly right - our project is aimed at the Russian market and at traders who use ruble pairs. In general crypto ruble is made for simple and direct arbitration among p2p platforms and exchanges, so that you can safely store the ruble outside of digital payments system and banks. Also we want give people simplified access to DeFi and help them to figure out how it all works.

If they don't want to create their own whitepaper, they should have just put a reference link to the Maker DAO platform. I am not against with copying someone else's work, because that's very common in blockchain projects. I don't think every one of them started from scratch. But if you want to use somebody's work, just include the right references along with your copied statements.

We use MakerDAO oracles. The modules Feed and Relayer. The Feed asks for the price and the Relayer delivers this price to the contract.
Feed takes the median from prices from different sources (direct ETH/RUB pair or calculate the price of ETH/USD median (USD/RUB).
Sources for ETH/RUB: binance; cryptocompare; exmo
Sources for ETH / USD: bitstamp; coinbase; gemini
Sources for USD/RUB: exchangeratesapi; cbr; ratesapi

Yes, if you look at Bestchange only the volume of BTC-QIWI is over 600.000.000 RUB (near 10.000.000 USD)

All information is available on the project site https://monolith.money/en/token-mcr

Well, there are a lot of users who just change the crypt and, for example, trade or store coins. there own audience. Someone chooses the exchange, someone p2p

Many people trade cryptocurrency on p2p. Many people are used p2p services for a number of reasons – verification, volume, rate... We expect that when DeFi appears on the market, the ruble will become also a full-fledged means of accumulation.

Advantages of Owning MDT, MonolithosDAO Network Management Token

Monolithos, the developer of the DAO-based stablecoin MCR, the first decentralized cryptoruble on the Ethereum blockchain, launched its network management coin MDT tokensale June 20. The initial distribution of 300,000 MDT tokens will last until August 10. At the second stage, the team will create an MDT/ETH pair on the Uniswap decentralized exchanger, providing it with ethers enough for MDT token initial price to start from $0.4. The second stage begins on August 3.

What is the purpose of the internal Monolithos token?

The Monolithos token (MDT) is a system management token. You can use it in two different ways.

The primary purpose of MDT is the right to vote in the system. It is the voting system that makes Monolithos a truly decentralized autonomous organization (DAO). MDT holders have the right to vote on any issue. For example, the community has the right to revise the maximum debt ratio or shut down the entire system in an emergency. This mechanism is an essential component of Monolithos resiliency.

What financial bonuses can MDT owners claim?

First, DAO participants can buy back crypto assets for MDT at a below-market price. These assets appear as a result of a fine for selling off the collateral. They can be purchased for MDTs at internal auctions of the platform. The collateral liquidated due to the fall in the value of ether is sold for MDT tokens at a separate auction and costs 5-10% less than its market value. I.e., the owner of MDT has a chance to buy cryptocurrencies cheaper than the market price.

Second, after each asset purchase, the MDT tokens that are paid for them are burned, reducing the total amount of MDTs, and naturally increasing their price. The amount in MDT paid for cryptocurrency on the auction is automatically burned, which creates a deficit.

How does this happen? Burning tokens encourages the growth of their value. The MDT value is divided up to 18 decimal places, meaning that as long as at least one MDT token exists, the system allows you to trade one quadrillion rubles without any need for an additional issue. You can also increase the number of decimal places in the future, which removes the risk that the MDT will ever run out: the number of tokens burned will gradually decrease as their value increases.

Third, the MDT token owner can earn money by selling the asset during the second stage of the token sale, when MDT will be added to the listing of the Uniswap exchanger. By investing MDT in liquidity on the decentralized Uniswap platform, you can earn commissions for the exchange. Also, the more tokens are redeemed on Uniswap, the higher the cost of MDT rises. You can buy coins on presale and sell them on Uniswap in a couple of months, getting a profit.

The mechanics of raising the value of an asset when selling on Uniswap are as follows. An ether/token pair is created on the platform; when purchasing a token in this pair, its quantity always decreases and the price increases in its turn. As a result, those who managed to buy coins before others can get significant profits — x2-3 or even more.

Great news!

Reporters from the Russian leading cryptocurrency media outlet Forklog has published an article about MDT-tokens. Read the full article: https://hub.forklog.com/kak-investirovat-v-mdt-tokeny-upravleniya-setyu-monolithosdao/

https://youtu.be/VJfQsYdyfTA

Jurisdiction of the MCR is Spain

We did not want the changes in law that were expected in Russia prevented the implementation of our project

You can get the most information at our site: https://monolith.money/en/token-mcr

https://github.com/monolithos/

On Github you can see all changes that have been made

MDT owners can make technical changes to the MonolithosDAO protocol and participate in project management. You can learn more about the rights and obligations of the MDT token holders on our website, but we welcome any activity from potential project participants. MDT owners who are interested in actively participating in the management of the MonolithosDAO can refer to the voting Guide to learn how to get started in this direction.

Read project’s WP. In this doc role of MDT holders is described in detail

We are glad to see you among the MDT tokenholders!

If you have good teams we’ll be grateful for the reference.

Yes, MCR token registered - here’s the link https://etherscan.io/token/0xed351575b9869aada94435e0066ba38e08800b60

What about MDT we are waiting for confirmation from Etherscan - we will publish information here as soon as we receive confirmation.

Land is our platform for decentralized finance. It’s already live and and you can use it now.

You can issue MCR now, but trading on Land will be opened only after the MDT token sales are completed.

On the site https://land.monolith.money/

You don't need an account to use Land. However you will need a Metamask wallet. Land supports most  browser wallets, such as Ethereum, Metamask, Coinbase Wallet, etc.

 Not yet

If you will have any questions feel free to ask

In the CIS market many users work with ruble - look at the ruble trade volume and you will understand.

They are our partners.

yes

Our project is a fork MakerDAO. You can see all changes on our github it is open.

https://github.com/monolithos/

Yes of course

Yes. Information about this is available on our site. The MDT token will be available in Uniswap on August 3, 2020 at 12:00 UTC.

it is not bad idea )

Yes, on August 3, MonolithosDAO will add MDT and ETH tokens to the created pool on the Uniswap platform.

At the time of signing the MonolithosDAO protocol, there were a total of 1 million MDT. To find out how much MDT currently exists, check out the MDT Token Contract on Etherscan.

Not exactly, this is a special protocol that allows you to work with ERC-20 tokens.

It is best to read about Uniswap on their website https://uniswap.org/

https://etherscan.io/token/0x4Dfd148B532e934a2a26eA65689cf6268753e130

The MDT token is already registered on Etherscan! By the link you can check transactions https://etherscan.io/token/0x4Dfd148B532e934a2a26eA65689cf6268753e130?a=0x0dc6aa41a82e8c8060ec312ed1efe8d300346f7e

The team will make every effort to ensure that the MDT does not fall below the sale price. We hope the price will grow by 15-20% during the year , but there may be sharp movements on the uniswop and you can catch x2-x3

yes

Tokens are released in limited quantities and will not be released again.The total number of tokens on sale is 1,000,000

If the value of the collateral to the MCR loan amount is less than 125% (this percentage is chosen by the owners of the MDT token), the flip auction will start.

During the flip auction, the collateral of the liquidated storage is put up for sale for MCR. auction participants have the opportunity to buy cryptocurrency cheaper than the market price.

+ A penalty of 7% (also selected by the owners MDT) and over time, the fines formed by the MCR surplus in the system and that MCR will be sold at auction flap, which sells MCR for tokens MDT (MDT owners will be possible to buy MCR cheaper than market price), all MDT received at auction is burnt and this naturally raises the price on MDT (Provision remains the same, the number decreases MDT)

No. It is not profitable, since the pest will need too many tokens. Also decisions that harm the project are not put forward for voting

0.4$

You can withdraw its after August 10, when the tokensale ends. You can use any convenient wallet.

no

Etherscan updated the token name https://etherscan.io/token/0x4Dfd148B532e934a2a26eA65689cf6268753e130

https://c.radikal.ru/c36/2008/da/a4e50ecf6565.jpg

Yes, basic from the developers, since the community is currently being formed and there have been no  votes' yet

The coins will be sold only for the amount that covers your debt + liquidation interest (currently 7%), the rest is returned to you

You can generate it now.

On the land.monolith.money, in the "exchange" tab

Your coins will be sent to the your wallet.

To save the cryptocurrency without selling it. For example, you have 1 bitcoin, you pawn it and get rubles for a year. A year later, your pawned cue ball makes X10, and you give the rubles and get a profit.

you can buy 0.25 eth

Well, there you enter the number of coins a multiple of 200.

You can register using the link and see for yourself how much you can buy https://monolithos.primecore.io/en/login

no. This is stated in the contract and vote does not affect it.

If we can answer any your questions to increase your confidence in the development team, we will be happy to help.

 Yes, but for rubles.

MDT owners have the opportunity to make technical changes to the MonolithosDAO protocol and ratify on-chain decisions on non-technical issues, whether it is changing system parameters or deciding to adopt a new management philosophy. To learn more about managing the MonolithosDAO protocol, visit the Management FAQ. MDT owners who are interested in actively participating in MonolithosDAO protocol management can refer to the Voting Guide to find out how to get started.

First of all, our project is aimed at the Russian market and traders who use ruble pairs. Look at the trading volume against the ruble on the local and on the same bitzlato. Many traders hold exactly the ruble and do not want their balances to be blocked.

It is service  to exchange cryptocurrency for fiat

We are thinking about it, and we will enter the infrastructure gradually. If you want to help us – we will be very happy!

 it is our partner

We have updated the existing stablecoin https://www.youtube.com/watch?v=VJfQsYdyfTA&feature=youtu.be

All information about the number of MDT tokens and how they are distributed can be found on the token sale page.

 Take a look at the DeFi market. Analyze, make a decision.

At the time of signing the MonolithosDAO protocol, a total of 1 million MDTs existed. To find out how many MDTs currently exist, check out the MDT Token Contract on Etherscan

https://etherscan.io/token/0x4Dfd148B532e934a2a26eA65689cf6268753e130

We use MakerDAO oracles. The modules Feed and Relayer. The Feed asks for the price and the Relayer delivers this price to the contract.
Feed takes the median from prices from different sources (direct ETH/RUB pair or calculate the price of ETH/USD median (USD/RUB).
Sources for ETH/RUB: binance; cryptocompare; exmo
Sources for ETH / USD: bitstamp; coinbase; gemini
Sources for USD/RUB: exchangeratesapi; cbr; ratesapi

Already done! MDT token  available on Uniswap on from August 3, 2020.

Join the telegram channel chat to stay up to date with the latest updates. The documentation, white paper, and code base of Monolithos are publicly available on Github. You can also find more information about the project on the monolith.money website.

https://github.com/monolithos/

DeFi are financial instruments in the form of services and applications created on the blockchain.

On p2p platforms, people not only conclusion, a living, but also keep liquidity for trading and earning money.

Although technically, MDT can be used as collateral, there are reasons why this is undesirable.

MDT is intended to be used as a recapitalization source for the protocol. This means that the MDT acts as collateral of last resort to absorb losses that exceed the expected losses from the collateral contained in the vaults. If MDT is used as the first instance collateral, i.e., as collateral secured in the vaults, this will deprive it of effectiveness as collateral of last resort.

A negative feedback cycle will occur in the scenario when a fall in the price of MDT will cause the liquidation of the vaults provided by MDT, which will subsequently cause downward pressure on MDT price. While liquidation pricing pressure is a risk applicable to any type of collateral, systemic risk using MDT is potentially higher, since a drop in the price of MDT directly reduces the amount available for the recapitalization of all types of collateral under the MonolithosDAO protocol. The downward spirals in the MDT price also make the MonolithosDAO protocol more vulnerable to management attacks, making the cost of buying enough MDT to vote for an attacker-friendly change more affordable. Besides, if both systemic bad debts and MDT repositories were liquidated at the same time, they would become self-repairing, increasing the risk of a severe fall in the value of MDT and reducing its effectiveness as collateral of last resort.

Finally, there is the circular funding argument. The value of MDT is related to the total amount of MCR in circulation. An additional MCR generated from MDT storages will create a positive feedback cycle concerning the price of MDT, which will create even more MCR from these storages. This behavior increases systemic risk.

1.Participation in Flap auctions
2.Earnings on the MDT rate relative to ETH. Since with the correct
when managing the system, the more frequent auction should be Flap, when when the number of issued tokens decreases, which is natural this way increases the price of the token.

An event in which the Collateral asset loses all value is considered a Black Swan, which is defined as an unprecedented, unexpected, and catastrophic situation. It makes it very difficult to predict the likelihood of severe threats to the system. There is no guarantee that the dilution of MDT will always be sufficient.

Diluting MDT can recapitalize the system to a specific limit. It is crucial to consider the severity of the situation. If it is high enough, MDT holders may consider an emergency shutdown appropriate, which will result in the MCR being proportionally eligible for the protocol manufacturer's software portfolio.

1. They can redeem the MCR cryptoruble for their MDT lower the market price.

2. After each purchase of MCR coins, the MDT that were paid for them are burned, their quantity is decrease.

3.The Uniswap ETH-MDT pool also raises the MDT price!

Holders of MDT tokens have a chance to buy MCR, which are generated as a result of the penalty for selling bail. And the price for them, in this case, will be as much 5–10% lower than the market price!

Yes. The team is negotiating with several exchanges, now we are focused efforts on decentralized and p2p exchanges.

Yes right. Sale ends at 14-00 UTC

The trading will be launched soon, follow the news

Tomorrow the trading will be open, but we will post news here

You're confusing MCR and MDT

MDT is a cryptocurrency of the Monolithos DAO network. MonolithosDAO is an Ethereum blockchain smart contract platform. The goal of the project, built on the principle of a Decentralized Autonomous Organization (DAO), is to create stability in the world of decentralized things. This stability is implemented through MDT — an ERC-20 standard token, which allows you to use it in all the most popular Ethereum wallets (Metamask, Mist, MEW, etc.).

Follow the news, all information about the MDT sale will be published in addition

MCR trades are open on the site https://land.monolith.money/

All applications created and confirmed by email will be processed within a day

yes, yesterday

Please, follow the link https://land.monolith.money/

yes

Please use MetaMask

https://etherscan.io/token/0x4Dfd148B532e934a2a26eA65689cf6268753e130

No. Land is a platform for decentralized Finance. Use it to trade tokens, borrow MCR, and earn savings — all in one place.

It's not an exchange, it's more of a p2p

Yes, we are working on further implementation of our project

Land is a decentralized non-storage platform accessible via an Ethereum-supported wallet. You - and only you - have control over your assets. All the details are here  https://land.monolith.money/

Please, don't spam

Now a forum is being created where all MDT owners will be able to Express their thoughts  about the project and suggest improvements.

The information that the forum is currently being created was mentioned early.Stay turned, all information will be published as a news soon

Any MDT owner can submit an idea

Yes. You can join by following the link https://t.me/monolith_chat

Uniswap only

Please wait a bit, or refer to the voting guide to learn how to get started in this direction.

 info@monolith.money

You can go from our website https://monolith.money/

On Uniswap there is a pair of MDT/ETH. You can monitoring cost there

https://uniswap.info/pair/0x0dc6aa41a82e8c8060ec312ed1efe8d300346f7e

Yes you need to withdraw it. It will be better to use Metamask.

https://etherscan.io/token/0x4Dfd148B532e934a2a26eA65689cf6268753e130

Info about Metamask use you can find on https://metamask.io/

I mean, can i install Metamask app on iphone?

There is no metamask on the iPhone

You can use any ETH wallet for ERC-20 tokens

Yes, in the near future plans to add our tokens on Hodl Hodl

It is reliable. The main thing is not to tell anyone your 12 words.

 

in early September approximately.

I tried to withdraw me MDT from the site to the Trust Wallet - have not confirmation in 6 hours

Just wait a little please - you will got your tokens

The project is in the process of development, follow our news.

Great news! You are wellcome

Kindly remind: for a convenient view of the price, you can use this link. https://uniswap.info/token/0x4dfd148b532e934a2a26ea65689cf6268753e130

Yes

It is in the process now.

As we said before - token will be added at several exchanges. 

MDT is already Uniswap

Stay tuned, as soon as we will have news we will post info here. 

 In process

https://app.uniswap.org/#/swap?inputCurrency=ETH&outputCurrency=0x4Dfd148B532e934a2a26eA65689cf6268753e130

Yes, we understand, but now we are in process with project

 I will try back to you  with official news as soon an possible

No

Please send me PM

Yes, we official project county is Spain

 Russia is not very crypto-friendly now with new law

We have international team

This is in the project development plan

You can follow the price here: https://uniswap.info/token/0x4dfd148b532e934a2a26ea65689cf6268753e130

All official news will be published here and in our social networks. Stay turned

Yes, it is in the company's plans

Does nothing happen in the project?

The project is developing according our plans. Please be patient - we will post all news here

I want to help! What can I do?

Are you MDT holder?

yes

Contact us by email info@monolith.money/

Dmitriy Kryshtal, CBDO of Monolithos DAO, gave a speech at an online conference titled “DeFi: Instruction Manual”

The conference, organized by an online publication Forklog, took place on September the 29th, 2020. At the event, speakers discussed the recent trends, market outlook as well as the challenges facing the decentralized finance sector. They also answered the main question: how to earn money with DeFi? In fact, this is the topic that Dmitriy Kryshtal covered in his speech. If you’re trading on CeFi platforms and are having difficulty working with rouble, the MCR token is for you. With this token the authors of Monolithos DAO have given those who trade rouble pairs on exchanges and p2p platforms not only a transparent arbitrage tool, but an opportunity to earn money with DeFi.

To learn more, see the video from the online conference on Forklog YouTube channel: https://youtu.be/Othi6g7jhFs?t=14439

If you have questions about Monolithos DAO – ask them in the comments and we’ll be glad to answer!

How To Generate MCR?

Any user can generate MCR tokens by opening a vault on the Land platform by pledging ETH or wBTC (Bitcoin on the Ethereum network) as a collateral security. However, your cryptocurrency is not spent, but stays locked in the vault as a collateral.

Let’s expound the process of token generation step by step.

1. You can open your first vault on Land at the following link https://land.monolith.money by clicking “Create MCR”
2. Choose the type of collateral and follow the on-screen instructions to create your own MCR
3. The surplus collateral can be withdrawn to your wallet, or used to increase your coin holdings.

Important to know:

Take note of the following terms:

·  «Liquidation price» indicates the value of your collateral security that once reached, leads to the liquidation of your vault.
·  «% for stability» and «% for liquidation» indicate the commission that you will pay should your vault be liquidated

If the price of your collateral increases, while MCR – being a stable coin – keeps its value, the surplus collateral on your wallet increases. In other words, you gain money on currency appreciation.

If your collateral depreciates and reaches the liquidation price, the vault is liquidated, and your collateral is sold to the market. The proceeds are used to pay for the generated MCR and the “% for stability” and “% for liquidation” commissions. This way even when your collateral depreciates, you only lose a part of it to cover the commission fee!

https://d.radikal.ru/d08/2010/6f/9e596da783d2.jpg

How to buy or sell MCR tokens?

In the previous video we showed you how to generate MCR tokens, and this time we’ll show you how to buy them.

Let’s break down the process of buying tokens step by step.

✔ You can buy coins on the Land platform, first visit https://land.monolith.money, then click “Start trading”.

✔ You can only buy coins that are already in circulation. If you need even more MCR – it’s easier to generate the required number of tokens yourself.

✔ You can buy tokens with W-ETH. You can create your own buy order for MCR or choose one of the existing ones. Simply follow the on-screen instructions to buy MCR.

https://c.radikal.ru/c06/2010/28/4555e84aac1e.jpg

Buy MCR Using Any Bank Card With NO Registration Or Verification

Now you can buy the MCR stable coin and the MDT governance token using any card from a Russian bank or a QIWI wallet with NO registration or verification.

MDT and MCR tokens are now featured on the top-changer.com coin exchange service, where you can purchase coins for fiat using your bank card or an e-payment service. In the near future withdrawing cryptorubles to any bank card will also become available.

All transactions on https://top-changer.com/ take a few seconds at best: no need to sign up or pass KYC.

Simply click the link and start making transactions.

https://sun9-51.userapi.com/US2V6M_Zk-kc9TRj4drZZZ6srkHgOq2PzEMEcA/NpmU4-C-Wnc.jpg

How to participate in MCR collateral auctions

Users on the Land platform can participate in MonolithosDAO Flip collateral currency auctions. An auction is carried out when the collateral ratio drops to its minimum of 125%. In this case the collateral ETH is auctioned off in a Flip auction, and this is a great opportunity for users to buy cryptocurrency below the market.

Flip auctions are carried out in 2 stages:

➡️ During the first stage users bid MCR they are ready to pay for the collateral crypto. The target amount for this stage is equal to the size of the collateral +7% liquidation fee.

➡️ The second stage has bidders compete at how much less collateral they take for the amount of MCR established in the first stage of the auction.

The bidder who offers the most attractive deal, wins.

https://sun9-57.userapi.com/WgZsRA0TC4zVljWomoBNTT3Wu8u8GX-iYWahvg/VBrwE6Z6gu0.jpg

Interesting Facts About Stablecoins

How are stablecoins different from other cryptocurrencies, what are they good for and why have they become so popular? Let’s find out!

The first and most striking difference between stablecoins and regular tokens is that they keep all the advantages of cryptocurrencies (decentralization, transparency, anonymity) while being totally unaffected by volatility issues. As a rule, they are pegged to a fiat currency (for example, MCR has a soft peg to the Russian rouble).

By the way, there are stablecoins that are pegged to other cryptocurrencies – a form of asset tokenization. For instance, to be able to use Bitcoin in DeFi projects on the Ethereum blockchain, wBTC – a tokenized Bitcoin, was created.

Some stablecoins are backed by real assets, while some maintain their peg through algorithms only.

In the field of DeFi that is becoming popular today, stablecoins are playing an integral part and are used as the foundation for a lot of protocols. With their help, investors and traders avoid unnecessary volatility.

Many modern companies are already beginning to accept this type of assets as payment, since it has become the safest way to implement new technologies while maintaining the traditional finance models. A good example is how Walmart is developing its own stablecoin.

This way stablecoins serve as a bridge between the world of traditional finance and that of cryptocurrencies. They are vitally important in increasing cryptocurrency technology adoption, making it more and more widespread each day.

https://sun9-57.userapi.com/CMdOh-KVfYV_RIO75dpPkdt5kTxv30Jy34z0AA/ImfbBkBp9ks.jpg

Coin swap service top-changer.com gets new features: users can now purchase MCR and MDT tokens using Ukrainian bank cards with hryvnia WITHOUT registration and verification!

Buy MCR With PAYEER

The top-changer.com coin swap service now features the ability to buy the MCR stablecoin and MDT governance coin via PAYEER.

Every transaction on https://top-changer.com takes seconds and doesn't require registration and verification. PAYEER also values user anonymity and doesn't ask for your personal information!

Monolith Website Design Update

We have great news for you — we have redesigned our website at https://monolith.money! It has become even more convenient to use. The rework concerned both its visuals and features:

➡️ Its design is now more visually pleasing;
➡️ The website now features "Blog" section where you can find the latest project news;
➡️ "What is DeFi?" informational cards are now up.

Visit https://monolith.money and see the redesign for yourself — we will be grateful if you share your opinion in the comments below!


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MonolithosDAO features a private forum for MDT token holders — https://forum.monolithos.pro.

There you can keep track of the project’s news, discuss ideas and share your suggestions about Monolithos development.

Any MDT governance token holder can register and become a full community member. If you missed the MDT token sale – you can buy some now on Uniswap and 1inch.

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Now you can find information about MonolithosDAO, MCR and MDT on #BitcoinWiki – an encyclopedia about blockchain, exchanges, mining and other digital technologies. This is an open access multi-language Internet wiki-like encyclopedia with free content.

➡️ The article about MonolithosDAO is available at the link: https://en.bitcoinwiki.org/wiki/MonolithosDAO
➡️ The article about MCR is available at the link: https://en.bitcoinwiki.org/wiki/MCR_stablecoin
➡️ The article about MDT is available at the link: https://en.bitcoinwiki.org/wiki/MDT_(Management_Token)

New Trading Opportunities On Top-changer.com

A cryptocurrency exchanger service Top-changer.com now features new coins! You can buy MCR using the following stablecoins:

Tether (USDT)
USD Coin (USDC)
TrueUSD (TUSD)
Paxos Standard (PAX)

We would like to remind you that all transactions require zero registration or verification — simply click the link and start trading! https://top-changer.com

Why is it believed that the up-and-coming DeFi market is promising?

Everyone who is observing the cryptosphere can’t but notice how rapidly it is developing in comparison with traditional economy with its principles that have stayed the same throughout thousands of years. In 2008, Bitcoin got in the game, and it was a landmark event. Today, 12 years later, BTC is no longer considered state-of-art. More advanced projects working on blockchain technology are emerging – fast, smart, reliable, and easy to use even for newbies. Let's see why the decentralized finance market is one of the most exciting areas today.

The goal of decentralized financial platforms is to completely overhaul the traditional system of monetary transactions in the most open and seamless manner possible. Many are fascinated by this area because of the ability to create and launch censorship-resistant products, as well as because of the interesting and promising technology that opens up a huge scope for experimentation.

DeFi is sometimes referred to as "LEGO money" for its modularity. By connecting different decentralized applications, you can create completely new projects, simultaneously increasing their user-friendliness, and maximizing your profit.

Why is blockchain innovation so important? Above all, decentralized finance thrives in settings without regulatory oversight. This ensures complete protection of personal life. One of the main challenges on the way to global blockchain development is the hostile environment of outdated laws and regulations, and some DeFi projects have already failed because of this.
The bright future of the blockchain and the decentralized finance market is also confirmed by the interest from large players, such as investment funds and financial institutions. Dozens of banks have already started to work with decentralized funds management in one way or another.

Finally, against the backdrop of the pandemic in 2020, with the stocks of almost all global companies falling, DeFi offers excellent opportunities for safe and high earnings. If you want to learn more about DeFi, our website features a set of crash course cards that will help you with that! https://monolith.money/en/blog

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How Old Is The Idea Of Decentralisation?

Did you know that the idea of decentralization was being discussed ever since the French Revolution?

A French 19-century political scientist Alexis de Tocqueville suggested to transition away from centralized control in an effort for citizens to resist violation of their liberties and subjugation from the bureaucratic government. He believed that those who seek to unite for the sake of the common good, will get a lot of benefits from decentralization. And he wasn’t wrong!

Decentralization is more than just a catchy word. It’s the future. It’ll bring revolutionary changes to finance, technology and politics. Today, together with you, we are pioneering this revolution!

MonolithosDAO is a fully decentralized project, and the MCR stable coin that grants its holders all the privileges that come with DeFi projects! Very soon we will present a few interesting ways of income generation using MCR, so stay tuned!

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Do You Know About DeFi As Much As We Do?

In today’s post we would like to remind you that MonolithosDAO is a DeFi project, which means that to get the most benefit, you need to know more about DeFi!
In the Blog => Analytical Materials section on the monolith.money website we have prepared some key information about decentralized finance:
➡️ What is decentralization?
➡️ What do users get from decentralization?
➡️ What is ETH?
➡️ What are ETH smart contracts?
➡️ What is DAO?
➡️ What is DeFi?
➡️ What is the point of DeFi?
➡️ How are DeFi currencies different from other crypto?
➡️ Where is DeFi used?
➡️ DeFi strengths and weaknesses
➡️ How to earn DeFi tokens?

Follow the link https://monolith.money/en/blog and learn more! Besides, you will need this knowledge very soon, we have prepared something quite interesting for you!

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Win Money Prizes With Monolithos DAO And Bitzlato!

Today we’re launching the Fattest Banker Giveaway by MonolithosDAO and Bitzlato. The prize pool is $5000, and you can be the one who wins! All you need to do is open a vault and generate MCR tokens. The more the better...

Participants who GENERATE the most MCR tokens stand to win:

1st place: $ 1500
2nd place: $ 1000
3rd place: $ 500

Three more prizes of $500 each will be raffled among the rest of participants with the help of a randomizer.

Don’t want to generate tokens? You still have a chance to win: $250 will go to two random participants who leave a comment under the content announcement post, like and repost it on any of our social media!

The prizes will be given out in the MCR cryptocurrency, as a gift in the Bitzlato bot

The giveaway will run starting 23 November 2020 through 22 December 2020.

On December 22 we will stop registering vaults for the giveaway and announce the winners on 6 January 2021. To participate in the giveaway, your vault must qualify on the following: no less than 5000 MCR generated, and the vault must remain open for no less than 14 days.

If you still have questions — don’t hesitate to ask!

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Profit With MCR Using Curve-F (3Crv)

• Profitability — over 15% (twice as much as bank deposits)
• Profit paid in stable coins
• As dollar strengthens, you profit grows

Monolithos DAO is a project that makes entering DeFi an easy task! If you have already heard about decentralized finance, but still unsure about where to start — this is your chance! We offer a very simple strategy of getting profits from various assets using MCR and the 3Crv token, which consists of three most popular stable coins: USDT; DAI and USDC.
The profits are also paid out in stable coins! Which means that you make money on both DeFi and also the increasing value of the dollar (which, analysts say, may reach 90 and even 100 roubles by the end of the year).

An in-depth description of the strategy that will help you make over 16% return on investment (as per 23 November 2020) is available at the following link https://monolith.money/investment
If you have no time to read, watch the video walkthrough on our YouTube channel https://youtu.be/kgOG9QH0YIA

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MDT Holders To Vote To Reduce Stability Fee

MonolithosDAO has launched the first vote for its governance token holders that will decide whether or not to reduce the stability fee.
Currently the fee sits at 4.00% of collateral per year. If MDT holders decide to go through with the reduction, it will drop to 0.1% per year, making the process of creating crypto rubles even more beneficial.

If you’re an MDT token holder — participate in the vote at the following link https://governance.monolithos.pro/

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Stability Fee Reduced to 0.1%!

The MonolithosDAO governance token holder vote has come through! MDT holders have decided to reduce stability fee on collateral that used to be 4.00% per year.

The fee will be reduced to 0.1% per year!

The vote has been recorded on the Ethereum blockchain https://etherscan.io/tx/0xe6e15bceee3c0cb660d41d8d5a13fae844da3146b6404bbba4c7d61d22b6ecd8

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Happy New Year!

As the New Year’s Eve is approaching, MonolithosDAO congratulates you, wishing you success, well-being, and great revenues!

2020 has been marked by not only an unprecedented surge in BTC growth over the final weeks, but also the DeFi boom and the beginning of Ethereum 2.0 launch. In 2020 a lot of interesting projects came into being, among them — MCR cryptoruble, and its MDT governance token by MonolithosDAO.

We have already done a lot in developing this project, and there is even more work ahead of us! In January we will continue hosting DeFi-themed webinars and introduce to you a number of interesting cases. On top of that you will get pleasantly surprised with quite a few other things! Keep watching our social media feed.

Happy New Year!

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Happy New Year!

2020 is almost over. The year that changed our habits, our way of life. It showed us new opportunities, but most importantly, taught us to value what we used to take for granted.

We are full of aspirations and hope as we enter 2021!

We hope 2021 brings you luck and success, and may all of your dreams come true! To achieve the goals we have set for ourselves, push new boundaries, and simply be happy!

Happy New Year, friends!

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Important news: revised thresholds!

Dear users! We have to put a threshold on MDT and MCR deposits to Bitzlato (@MCR_CHANGE_BOT and @MDT_CHANGE_BOT, as well as the web version of the platform).
The deposit threshold is now 3000 MCR cryptorubles and 100 MDT governance tokens. All transactions below this threshold will not be credited or reimbursed.

Changes will come into force starting 17 February 2021 at 12:00.

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