MicroMoney whitepaper states as follows... Token Distribution Structure
The MicroMoney Token distribution and the corresponding token creation process will be organized around smart contracts running on Ethereum.
Token name: AMM
Total TokenSupply: 60,000,000 AMM.
Tokens that are not sold during the Token Distribution will be destroyed.
Goals:
Minimum: $1 million. Maximum: $30 million.
If the Distribution campaign does not reach its minimal capital goal of $1 million, all funds will be returned automatically to the AMM holders by the Ethereum smart contract. Initial rate: Token price is locked to $1 per 1 AMM. The minimum cap is $1M as shown above but the dev latter announced that the softcap has been reviewed upward to $10M. I am particularly happy that this cap is almost reached. Thank you for the clarification that the dev brought back the soft cap to 10million usd. Changing the $10M soft cap is just a marketing strategy but the real soft cap is $1M they can't easily changed this if the ICO is running because it is included on the smart-contract that once the soft cap is not reached all funds acquired will be refunded back to each contributor. it is already written on thier whitepaper and smart contracts. isnt it illogical to have a 10million softcap for a microlending company? it willl be a huge scam if ever They provide a service for quite few countries and are planning to serve for more countries. 10million usd as a soft cap is not that big if you will provide a service for more countries. I think funds will be going to make a new offices for each countries. well it's really confusing right now but if you try to picture it out, 1m or 10m it will be surely be hit so why worry 😉 |
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up to a mark of 10 million dollars remains very little. I am confident that we will pass this line. I wonder if it will be possible to reach 15 million for 2 days?
$10m dollars is a huge amount of money already and i dont think that MM will surpass 15m in 2 days. because if there are large investors, they may invest in the beginning of the ico to maximize their holdings. They still have custom bonus if you are investing more than $10,000. So you never know. A couple of medium whales can be on the queue  . I thought there would be no special bonuses on a bulk orders as stated on FAQ. only earlybirds will get bonus. it is considered imbalance if the total supply is 60m units and the hardcap is 30m usd if 1amm=1usd that will be 30m units only. i think the bonus for 10k token holders is justifiable and if it is a service token bonuses for partners is okay. yeah agree on how you present your math dude it's quite convincing but maybe let's hear from him does he have a reliable source? Or it's just all assumption. |
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BTW, is there some resctriction for US citizens and other countries that restricted their citizens to join an ICO?
I think all countries was accepted except from US citizens. Thank you for your kind answer. What if this ICO doesnt reached the soft cap? what will happen to the funds of the investors? why is it there's only restriction for U.S. Is this because of the complaints of US banking institutions? |
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BTW, is there some resctriction for US citizens and other countries that restricted their citizens to join an ICO?
good question you have there folk, it really wonders me too now. Glad you raise this up we all knoe U.S. are making those restrictions recently. |
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the idea is very smart, your purpose is supply loan for the people who did not have a bank acount!
but i sorry that i still can not understand how your can do that by this blockchain!
i suggest you check the white paper first, if it's too broad for you they have a FAQ section on their medium blog. It's a lot easier to understand i believe. |
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That's good we need to help each other no hesitate about that, but sometimes we need to argue in order to correct our misunderstanding issues.
This is not the right place to argue. If you are not trusting some informations given by the posters here in the thread you can search it yourself in google. That's not my point sir, for me also this is not the right time to argue but when i thought that this an argument then i will protect my rights. And also sorry for this one  i got your point, well there's no need to be sorry for this. As you say it's your right, i suggest keep posting and exploring. hope you learn more from this forum. |
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up to a mark of 10 million dollars remains very little. I am confident that we will pass this line. I wonder if it will be possible to reach 15 million for 2 days?
$10m dollars is a huge amount of money already and i dont think that MM will surpass 15m in 2 days. because if there are large investors, they may invest in the beginning of the ico to maximize their holdings. They still have custom bonus if you are investing more than $10,000. So you never know. A couple of medium whales can be on the queue . mmm yeah this make sense, hope this might be true it will be a good addition to the funds raised as of now. |
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The first time I see this!  Dispute for almost 10 pages about the minimum capitalization of the project! It's not even funny anymore. Do you even read the posts of other people before you write something? I agree, it's a bit stupid and strange. It would be better to discuss where you will buy a villa for a loan taken from Micromoney Capitalization and soft cap is certainly important, but there is no point in discussing this for so long. Correct. But I wont suggest to buy a villa from the loan you get to micromoney as I know the longest time for repay is only 28days. if you wanna buy a property using blockchain well there's a designated token for it. I'm not really sure if they are granting housing loan here. |
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The first time I see this! Dispute for almost 10 pages about the minimum capitalization of the project! It's not even funny anymore. Do you even read the posts of other people before you write something? you can't blame them if they don't read the post of other people here, the pages is too many, and they got the wrong information, the best way is to give them the right information in order to avoid confusion like what you did. you dont need to be mad, chill we're all friends here You don't need to blame! We are all here to support this ICO just chill and relax we've gor something to do in this project, we are here to help each other not to blame. just wanna ask if making other's look so not inform satisfy you?, well you sound really a decent guy from the way you make your post here but just to remind you it doesn't make you smarter. Just saying, no bad intents. easy all of you, remember our main cause is to support micromoney to achieve it' goals. Please let's not take this too personal, let's treat it an healthy but friendly argument. correct! we are all here to support micromoney we share the same goal thats why we need to help each other by informing the others with the right and accurate information, well i guess it's my bad too guys, apologies rebrik. Alright let's quit arguing well at the first place i believe non of us here are the pioneer of that arguement. |
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The first time I see this! Dispute for almost 10 pages about the minimum capitalization of the project! It's not even funny anymore. Do you even read the posts of other people before you write something? you can't blame them if they don't read the post of other people here, the pages is too many, and they got the wrong information, the best way is to give them the right information in order to avoid confusion like what you did. you dont need to be mad, chill we're all friends here You don't need to blame! We are all here to support this ICO just chill and relax we've gor something to do in this project, we are here to help each other not to blame. just wanna ask if making other's look so not inform satisfy you?, well you sound really a decent guy from the way you make your post here but just to remind you it doesn't make you smarter. Just saying, no bad intents. |
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I don't know if 1 million is their softcap, as I read on ICO review or rating said that Micromoney soft cap 10Million. Maybe, we have to wait clarification from dev about this.
I specially just opened MicroMoney's WhitePaper and read information about ICO. It is written there, black and white, that the minimum goal is ONE million USD. your lucky im on mobile right now, it's so inconvenient to make an screenshot of the whitepaper right now, data signal is too slow. But to sum it up we believe on the whitepaper than hear/say thoughts. I'm on mobile too right now. But I did it. Or do you have a Nokia 3310? yep naaahh kidding, i'm on a vacation right now dude seems private island here in philippines doesn't provide good mobile data signal. Shame on me 😊 |
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Why anybody of you couldn't do the same, just read that official document, and stop to waist time of each other at least?!
calm yourself bro, there are lots of them in this forum. Well we can't really blame them for not conducting the research before making a post but it's their right anyway. |
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I don't know if 1 million is their softcap, as I read on ICO review or rating said that Micromoney soft cap 10Million. Maybe, we have to wait clarification from dev about this.
I specially just opened MicroMoney's WhitePaper and read information about ICO. It is written there, black and white, that the minimum goal is ONE million USD. your lucky im on mobile right now, it's so inconvenient to make an screenshot of the whitepaper right now, data signal is too slow. But to sum it up we believe on the whitepaper than hear/say thoughts. |
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The success will depend on their target markets and the expansion, i hope micromoney will become a giant company providing banking services all around the world in the coming years.
There's a lot of cryptocurrency which service is banking. Some of them are backed by a big businesses and companies but yet they cant show some products yet. Micromoney has a running product and I hope this will be used using the cryptocurrency. The fact that they already working for two years gives them a big advantage. So i think in few years , this project will be a huge company with a large numbers of clients all around the world. It is very a big advantage if you will look to other competitors on cryptocurrency. This project has a lot of experience on this field and lots of good companies that is into cryptocurrency is actually partnering with micromoney. Ive heard that they actually contact and make a partnership to some top company that a have an experience in the cryptoworld. Thats a great move I guess. It will become easy for them to compete in the market if they have a back up coming from their partner . Seems all of you are correct, but the thing that really makes me believe on this project is the team itself. This team has proven lots of outstanding thing here on crypto. I'm proud to say that i am a big fan of the projects they handled previously. |
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It's great idea to get loan through online. It's less hassle for everyone. No need to go through a long process.
A great project and concept, Im sure there are many people will borrow on Micromoney, I wonder why this has a very high interest ? Is there an explanation about this . I think maybe because they will give you enough time for you to pay your debt. Like for example, you will make a loan for 50$ and it's payable for 1 year. And i guess if you use your money wisely you can pay it earlier than the given time Oh yeah, its about how you manage all the responsibility specially on money matters. Don't apply for loan if you can't pay it. Simple but so true in every part of a human life. 1year for 50$ is unacceptible. 1year is too late to repay a 50$ maybe if you choose to pay it for 1year you will pay it for about trice or 4 times the loan you get. when i try the demo apps the time selection of repayment is 14 days 21 days and 28 days. i didnt know that you can choose to repay your loan in 1 year. please enlighten me. I think what he say 1year is just an example and it's somehow misleading. i see now i get it, one year is a long term for $50 only thats posible but the interest would be much higher. Yeah i bet it's a bit confusing too, but i believe the 50 usd is just he's example. i believe we must know the exact interest rate and the interest terms in order for us to come up with a concensus. |
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Medyo matumal tayo ngayon dito ah, mukang busy yung mga pioneer suporters dito sa mga signature campaigns nila hahah Kaway kaway jan guys COV needs us.
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guys tell me the software capitals have collected, now the last two days they want to collect a hard cap, or what algorithm? and payments of tokens to bounties and investors at one time will be or in different?
if you've join their bounty campaign and calculate what you are gettting base on the hardcap well it will be changing for sure, realistic talk i think mm can't reach the hardcap within 2 days. we need wait the team announce the news when the bounty will distribute after investor get their token. Of course we must, what he is saying is the computation of the percentage that will be going bounties will be base on the funds raised by the ICO itself. That's basically how things work when it comes to calculating your expected bounty. |
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How would you apply to loan when you don't have a bank account? Can anyone think of this?
They need you to provide bank account details for the loan disbursment in Fiat currency. Not exactly. Bank account is not a must for you to secure a loan from Micromoney. But if you do have one good. The loan scheme is targeted at the population without bank accounts who will be connected to MicroMoney services through MicroMoney money partners and via the Mobile App. I try to download their application, but it says it not supported philippines. When did micromoney want to support my country which is philippines. i think because the micromoney office here in phillipines is not open yet thats why the phillipines is not included on the apps, but the whitepaper said the micromoney office here on phillipines is ready to open anytime soon. from what i've read they are targetting unbanked sectors of the society so logically speaking it will be a confusion to set a requirements requiring bank documents right? Accurate Sire, Therefore they may use other sources of information from the borrowers just like getting our information from smartphone or online accounts. I think they have official standards to find our Original identity. I didn't know if I'm correct, please let me know the whole pictures that I did not see on Whitepaper. Thanks . based on my research, Micromoney create an app that gathers 10,000 parameters. analyze big data using AI neural network scoring and this is enough to obtain approval decision is just 15 seconds. that is the edge of MM to other competitors plus the credit history of the borrower is ready because it is digital. Do you say it is easy to loan when you pass their interview? Is it convenient and fast for approval? If im right then i'm happy to use this Apps soon. yes its easy to apply loan from micromoney you dont have to wait for days to get approved, they using this high tech algorithms and you can get approved in 15 seconds its really convenient for the borrowers. Yes, Very Easy and Fast unlike the loan approval We have right now in any place here in Phillipines. No more hassle for gathering all documents they need. And the interest is very low and affordable. aside from being slow in transactions, philippines also means FEElipFines transactions here are redtaped and full of fines and fees. it is good to have a fast and realiable lending company here like micromoney to revolutionize the money market here. yeah i feel you too, i mean it's reall prone on our country. The "palakasan" system that's how we call it here. Where the one with connections are allowed to have the privelege and be hassle free on doing transaction like these. |
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The soft cap is getting closer. Yes, micro money has solid team where it can drive the market towards micro money. Now they are making many partnership with other companies when they entered into crypto market and exploding their business to nation's.
Right Sire, the movements and performance of this project inside the market is great and We will see that it's getting closer to the peak. Very excited to have this project in my country, It will help a lot of people here in Philippines. this will be happening for sure since it's partners are big ones and the devs are very active in order to fulfill their cause. I've supported the previous project of this team so no doubt they be nailing it for sure. thanks for encouraging thoughts! a hero member like you gives me assurance that this project will turn out good! i invested money on it. invest in your own risk! dont lean on person for you not to regret. by the way they have credible advisors and partners isnt that good for you? i know that there are lots of legit partners that micromoney has i am pertaining to the experience of btc users and the credibility of the team to execute this huge project. A opinion from an expert btc user is what i am looking for. @iamlds08 Yes Sire, comment from trusted colleagues here is addition to the trust we can share in this project but We know and it's our cargo if any changes or problems arise. And for me I can say 100% this project is not risky and it can even deliver great help to the people who reach this project. in every business there is a risk and we must not blame anyone in our decision it is just good to hear that aside from me there are also believers in the project micromoney's tokenization and decentralization. and i see a low risk upon investing on it. Thats true business is like a gambling you dont know if you will win or lose. But i believe that inveating in this project is worthy because there is a low risk in this project. You have a point about it, if you are a investor. You will never go to a project that is not sure of profit. Maybe some take a risk but not too much at all. You need also assurance for your money as well. that is what i like good projects with minimal risks like this micromoney project. aside from there is already a stable business, the plans for expansion is feasible. you all have point when it comes to correlating risk and business, if you are seeing a less risk coz you base on the value that this project has raise i believe your assesment might not be that reliable. The ICO stage is really important we all know that, but the real struggle starts after it is launched. Which may depend on the devs and the team to handle it, from it you can evaluate the odds, and know what risk you are now taking. what i am pointing of risk management is investing in a product that is already running for years versus product that is in the start up stage. unlike other ico's, MM is running since 2015 and it is less risky because they already launched their pilot product in cambodia and myanmar which has the same scenario of philippines. because of their expertise in emerging markets like CM and MYM their expansion might be good because they are prepared. relax fellas you all have a point i guess what katashi is pointing that it's not about how established the business is right now, coz even if it is already existing still it's new to crypto. Take for example HKN those are backed with the whales on it's own league but still they are having an hard time but i believe they do still have a chance to do it coz the project itself is good. What i am pointing here is you can never say it's not risky enough even you are fully established. |
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 10 days remaining on Icobench, Is that true? When I visit Micoromoney website, we have 2 days for buying AMM tokens before its closed. Micromoney staff should clarify this miscommunication with icobench. hi that's not true, 3 days remaining not 10 days, i just visit thier website and i found this, Time left until the end of campaign: DAY 3 HOURS 1 MIN 49 SEC 14 yes the orderbook.io says the same but the devs clarify that the real countdown is in their website, but i think this should be fix to avoid confusion. i am looking at the website now and it is 2days and 11 hours left before the ico ends! and we are 160k away from 10m milestone. maybe the orderbook and icobench is not updated. better tune on their website Sounds a good update for the MM, time still running right now. Hoping MM got the 10m milestone till the end of assigned date and time. I think, its possible to get it. Best of luck Micro Money! up to a mark of 10 million dollars remains very little. I am confident that we will pass this line. I wonder if it will be possible to reach 15 million for 2 days? 15 million is too much for 2 days, even if they have too many investor and partner. I don't think they can reach 15 million in just 2 days. But expected the unexpected like they said. But I expect is the bright future for MM. More power! who knows what will be happening? Some ico can be sold out in minutes let's just wait for it i say, if it will be reached then it's better if not? Well still good. It happens that right at the end of the Iko come very large investors, so we hope and are waiting) yeah this goes for me too, and to clarify thing the softcap is already reached, 10m and 15m are milestones so either of the two are win win for all of us here but 15m is better ofcourse. |
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