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Author Topic: [ANN] [MNY] [ICO]: MONKEY CAPITAL INITIAL COIN OFFERING  (Read 868 times)
dunaton
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April 09, 2018, 03:23:10 AM
 #1



COEVAL SMART CONTRACT NOW OPEN FOR PURCHASE: https://etherscan.io/address/coe.dunaton.eth!

Dunaton is proud to make the announcement that we are preparing now for the forthcoming Initial Note Offering (INO) of Monkey (MNY) by Monkey Capital, a Dunaton brand.

Coeval (COE) is scheduled to be delivered on Thursday, May 17, 2018 (tentatively scheduled) to token holders who partook in the Waves-based swaps during 2017. COE will thereafter be on sale via its own smart contract.

Monkey (MNY) will be offered exclusively to COE holders during May 17-May 20, after which the smart contract will go on sale to other members of the public.

The Monkey Capital ICO was initially scheduled to take place on August 8, 2017. However, due to a variety of reasons it was delayed. Those issues that formerly existed with respect to the product offering have now been resolved, and Dunaton is hastily preparing the coming ICO.


Summary of Note
MNY has a total supply of 21,000,000. It sells at exactly the same prices as Bitcoin has been mined since 2010. After 21,000,000 MNY are issued, all MNY swaps back for all cryptocurrencies ever used to purchase it, stored safely in the smart contract. MNY is the next BTC!

NAME (SYMBOL): MONKEY (MNY)
SUPPLY: 21,000,000 MNY
TOKEN TYPE: ERC223/ POV SMART CONTRACT
PRICE: GRADED ACROSS 2800+ LEVELS ACCORDING TO BITCOIN’S HISTORICAL COST/VOL (9c and up!)
ACCEPTED PAYMENT: COE + OTHER ERC TOKENS (e.g. EOS, ICX, NEO etc; SPECIFICS TBA)
FEATURES: NO FEES, NO PREMINE!



How does it work?
1.   Crypto (selection will be announced shortly) is sent to the MNY smart contract
2.   MNY sells at the same price schedule as Bitcoin (historical record)
3.   After around 17m, a randomised price that is > Bitcoin’s highest ever price is selected for the sale of up to 21m MNY
4.   After 21m MNY are issued, every MNY holder is eligible to re-exchange without penalty their MNY for ALL crypto in the MNY smart contract (pro-rate share)


For COE holders
1.   COE entitles the holder to exclusively mine the MNY smart contract for a period of 4 days (May 17-21) before other cryptocurrencies are permitted to mine it
2.   COE also entitles the holder to a monthly discount on MNY purchases. This discount grows larger the more MNY is mined relative to COE purchased
3.   COE is the single most valuable tool for MNY miners


AS SEEN IN THE FOLLOWING MEDIA:



MORE ABOUT MNY

Abstract: One of the most common complaints one hears when it comes to cryptocurrencies goes something like this: “If only I had known what Bitcoin would become in 2010 I would be a millionaire. I would not have thrown away my hard drive with thousands of Bitcoin on it.” Because of the rapid and unanticipated rise in the price of Bitcoin, many would-be millionaire or even billionaire millennials lost out on their chance at securing a lifelong fortune. The effect of this is not just personal. For those that have gained meaningfully from the increase in the Bitcoin price, either directly or indirectly, such individuals have been able to finance businesses, propagate a new rise in the news and entertainment industry, help an Initial Coin Offering (ICO) market into coming into being and much more. At the same time, Bitcoin is dirty and environmentally inefficient. The currency’s mining activities consume 42TWh of electricity a year, the same amount of CO2 emission as the equivalent of 1 million transatlantic flights. Clearly, such wealth production is not sustainable. Further, the wealth production that has come about has been widely criticised as a result of being purely valued via its own utility. Using our earlier discovery of proof-of-value synthetic protocol, we create a token that mines according to the exact block history of Bitcoin divided by an equal factor (62.5) to produce a total of around 17m tokens. Between 17m and 21m tokens the synthetic protocol randomises purchase prices for our New Bitcoin until all 21m tokens are issued. Thereafter, each New Bitcoin is re-exchangeable for the pro-rate equivalent sum of cryptocurrency in the token’s smart contract. There is no premine and the smart contract is 100% trustless by design. As a result, we afford those who missed out on their first opportunity to purchase Bitcoin the exact same opportunity while advancing the Bitcoin model with a significantly cleaner form of mining and with value constantly underlying the coin in the New Bitcoin smart contract.

Summary: Traditionally there are two dominant forms of cryptocurrency mining, those being proof of work (Satoshi Nakomoto; 2009) and proof of stake (Sunny King, Scott Nadal; 2012). Since 2014, with the creation of Ethereum smart contracts, there is a third identifiable cryptocurrency mining form, although its protocol is synthetic. This is proof of value.

The differences between proof of work and proof of stake on the one hand, and proof of value on the other hand, is that the latter is a mining form applied only to tokens while the former two are applied to digital coins. The differences between digital coins and tokens has to do with their methods of production. Whereas coins are produced via node-enabled software applications, tokens are produced as a result of the enabling of a smart contract application which runs on top of such a platform. This is why we say that the production of tokens is synthetic in protocol terms. Essentially, the Ethereum Virtual Machine (EVM) synthetically replicates the function of a Blockchain so that in order to create a new digital asset it is not necessary to start with building a new Blockchain every time.

A major consequence of token production is that these new synthetically-produced cryptocurrencies are significantly environmentally cleaner and more energy-efficient than proof of work coins are. This is because they do not involve the additional employment of running energy-intensive external hardware in order to manufacture. At the same time, because the prices at which tokens are sold are pre-programmed prior to sale, tokens hold the potential to be profoundly more economically-efficient than proof of stake coins. Proof of stake coins are problematic in that they are economically very inefficient because production is biased to larger “stakers” of existing coins. With proof of stake protocols, coin mining takes place in individual wallets, with the majority of coins going to the largest coin holders. This produces massive value wastage over time.
 
Via means of employing an Ethereum smart contract pre-programmed with proof of work mining data extracted from Bitcoin’s historical mining schedule and by thereby applying a proof of value synthetic protocol to enable mining of a new cryptocurrency so that it mimics Bitcoin’s price on a time-shortened trajectory, we show how it is possible to create a 100% environmentally-efficient, Bitcoin-price-and-volume-equivalent token.

The token we create has superior value attributes to that of Bitcoin. This is because unlike proof of work protocols which are pure spent-cost manifest as transaction cost, our token constantly maintains value-efficiency by way of acting at the final unit of common purchase for the every cryptocurrency used to mine it initially. The way this works is that when a purchaser of the token contributes one of the qualifying cryptocurrencies (e.g. ETH, EOS etc.) to the smart contract, the smart contract stores this unit of value securely until all 21 million tokens are issued. At that point, the smart contract permits the holder of one of our tokens to exchange their token back for a pro-rate equivalent share of the contents of the smart contract. Irrespective of whether or not the holder chooses to enter into the re-exchange transaction at the end of the issuance cycle or not, there is a value durability conferred on the token as a result of the potential stored value that exists on a per-unit basis in the token’s smart contract. The token is called Monkey (MNY).

In addition to offering energy- and value-efficiency to Bitcoin mining, we enhance this product further with a discount premium token that offers the holder of the discount premium token an increased amount of MNY on a lunar monthly cycle. The discount premium token is called Coeval (COE). Every 30 days, COE holders are afforded the option of using their tokens to submit to the MNY smart contract and under certain circumstances that demonstrate that MNY is being heavily-mined by alternate tokens, to receiving more MNY-per-COE than they would for example by using ETH. This discount feature allows us to measure the amount of utility versus value being employed in the MNY manufacturing process which provides an excellent basis upon which to found a value-oriented super-structure whereby cryptocurrencies are afforded the opportunity of being considered mainstream investment products. In other words, the logical end result of this experiment is that cryptocurrencies will become integrated into the mainstream investment product portfolio of most asset management, private wealth management and other regulated financial services provider portfolios, thereby offering those who are invested in them significantly higher chances of benefitting from the powerful gains that they have shown in comparison to other, less return-sensitive financial products that by and large only benefit issuers.


Data Pack: http://factorybanking.com/wp-content/uploads/2018/05/MonkeyCapital.zip
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ughh123
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April 09, 2018, 03:24:51 AM
 #2

can i get the telegram link ?
dunaton
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April 09, 2018, 03:46:25 AM
 #3

can i get the telegram link ?
Hi there! Well, well! Thanks for the early interest! We are still very much in set-up phase at the moment and are only just getting around to implementing the community features that the ICO will revolve around. We probably will be hosting a Telegram at some point, but given a part of our product is a customised IM platform (should be ready on Wed) we are not overly concerned to get this going immediately as ours will hopefully be just as user-friendly and it would be great to get to get part of the product going well before the end of the ICO!! We will update here with more developments as they come.  Cheesy
88bitcoin
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April 09, 2018, 07:41:01 AM
 #4

Stumbled randomly across this searching through endless rounds of new coins. Digital notes! Metacurrencies! This won't stay quiet for long!

Damn this project looks like it's going to be YUUUGEE! When is the launch? Is that the Bank of England event?

Looks like a lot of OPs will be getting a ticket to London now! Nice refreshing change to have the tokens backed by the pounds like Tether but under a regulated company. Gonna buy some before the others start to snap them up to the moon.

Best of luck, not that you guys are gonna need much of it ...
dunaton
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April 09, 2018, 07:47:00 AM
 #5

The Bank of England event is when the platform itself actually goes live but various bits of it will emerge in demo form before that point. You can always e-mail us at 3@Dunaton.com if you have any questions or problems (all Dunaton.com e mails are numeric).
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April 09, 2018, 07:49:47 AM
 #6

I am very confident that your project will succeed because I see in the announcement of the project is very promising and I will see the progress before I enroll myself in bounty twitter from this project
88bitcoin
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April 09, 2018, 07:52:54 AM
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Wait, have you sold $8 million of tokens already? When was the presale?
dunaton
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April 09, 2018, 07:54:24 AM
 #8

re Bouties: we will be announcing generous Bounties soon and we are looking for as many Bounty hunters as possible so that is great!

re: presale, the Founder has put in 5.8 million pounds, which is about $8m, in cash himself to get the thing started. He is a notable name in China business.
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April 09, 2018, 07:57:30 AM
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waiting for bounty campaign
Official Recordfoundation
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April 09, 2018, 07:59:31 AM
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this ico looks like it has a lot of potential!
how many tokens are you planning to generate for the ico?
dunaton
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April 09, 2018, 08:04:19 AM
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this ico looks like it has a lot of potential!
how many tokens are you planning to generate for the ico?
21,000,000. The White Paper explains a lot more in technical detail. It works just like bitcoin except that you are able to get back whatever you spent on it at the end too!
88bitcoin
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April 09, 2018, 08:20:21 AM
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re Bouties: we will be announcing generous Bounties soon and we are looking for as many Bounty hunters as possible so that is great!

re: presale, the Founder has put in 5.8 million pounds, which is about $8m, in cash himself to get the thing started. He is a notable name in China business.
Even better when the ones in charge put money in themselves. And if it is Fiat backed that's also good. Damn, what a good way to run an ICO. Wish more were run like this. Happy you guys came along, look forward to updates! Thanks.
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April 09, 2018, 08:22:29 AM
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That awesome big team, big vision , Also I see many partner. Interesting project for sure !
dunaton
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April 09, 2018, 08:32:12 AM
 #14

OK, details for bounties can also be obtained at the general enquiry address 3@Dunaton.com or by pinging us here at Bitcointalk for now. We will have a Bounty schedule together some point today. There will basically be per coins for post bumps, Tweets, Reddits, Facebook posts etc. So whatever you do, hand in the evidence of work done and the coins (backed by pounds that convert 5/1 to DNA which are the Digital Notes) are yours. The bounty will include extra bonuses for posts etc that get wider audiences too. Blogs will get around 10x what a post gets in payment per blog. Any other suggestions are also welcome.
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April 09, 2018, 08:38:26 AM
 #15

What makes your project different between other similar projects?
dunaton
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April 09, 2018, 08:44:56 AM
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What makes your project different between other similar projects?
Good question!

It is a 3 dimensional currency. This means while MNY may be used as a form of transaction cash, it also pays out just like an investment!
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April 09, 2018, 09:36:04 AM
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I've studied the road map and I'm pleased to see that the work will be done in a short time, compared to other projects.
dunaton
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April 09, 2018, 09:55:01 AM
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I've studied the road map and I'm pleased to see that the work will be done in a short time, compared to other projects.
Mainly that is because the actual tech is already built. It is in use by professional traders for precious metals and other contracts. Autilla has a private Ethereum gold provenance Blockchain too, so the back end and the front end are built, it is simply a process of reconfiguration for the crypto/metacurrency markets. This is why we can afford to back the DCATs with the pounds too. Of the ICOs we have studied, we have found that it's sort of reverse in cryptocurrencies to how it works in generalised industry in that if it doesn't work quickly in cryptocurrency markets, it doesn't tend to work AT ALL, so making sure implementation was at a knife-point is a crucial "must" when it comes to ICOs.
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April 09, 2018, 10:08:23 AM
 #19

IMHO this is how all ICOs should look, with this sort of ready-for-market product. The product on the website looks awesome so this is going to beat a lot of exchanges 'specially with the partners and the BoE launch! What I like is that it's a security token exchange but also in some way not JUST security tokens so crypto guys can play. Also having read about half the white paper its clear that you guys know what this market is about and is not just selling the idea of "shares on the blockchain" but it seems something more crypto-like, metacurrencies ... nice job, so far good answers and very nice presentation! Impressed!
dunaton
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April 09, 2018, 10:36:36 AM
 #20

The level of response is very encouraging, thanks again. Any questions you can e-mail us any time and any suggestions or willingness to help for the token rewards e mail us at 3@Dunaton.com - we have an excellent service response team in place so everything is dealt with in a timely and friendly manner. This should be a lot of fun!
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