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Author Topic: MoneyByte - Nextgen Digital Money  (Read 290 times)
MoneyByte
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September 11, 2019, 02:30:08 PM
Last edit: November 07, 2019, 01:20:09 PM by MoneyByte
 #1

MoneyByte

WEBSITE   |   WALLETS   |   EXPLORER   |   DISCORD   |   TELEGRAM   |   TWITTER   |   FACEBOOK   |   INSTAGRAM   |   COINGECKO


Introduction

Where our normal money is struggling to stay healthy, cryptocurrency projects show that they are able to correct the errors and pitfalls of ordinary money and to develop a healthy money system.

This new money system, also called digital money has a healthy economy.

The economy for digital currencies has grown exponentially in the past two years and Digital Currency (Cryptocurrencies) have emerged as the latest brave market in the trading world. This has led us to a modern way of investment with new, safe and transparent technology (Blockchain).

And this technology (blockchain) also makes the digital money (currency) function. No more central parties needed for the money to function. Blockchain makes Digital money (cryptocurrencies) decentralized.

MoneyByte blockchain technology revolutionizes this new era of digital money and digital investment by aligning economic incentives in a decentralized community!

 

What is MoneyByte

MoneyByte is NextGen digital money backed with its own blockchain. The MoneyByte blockchain is a decentralized blockchain powered by Proof of Stake and Masternodes.

MoneyByte is co-owned by the 2 administors:  Willem de Boer (Holland) and Pete Newland (England). They are assisted by a team of professionals. Developers, technicals and marketing. You can meet the full team at https://www.moneybyte.org/our-team/

 

Our Vision and Mission

We see our current monetary system malfunctioning, hence why we believe in the alternative monetary system. The system of digital money, cryptocurrencies.

Our vision is that this new system, this digital money, will fill the gap that is created by the malfunctioning of the monetary system.

Our mission is to let MoneyBytes jump into that gap and our two main goals within this mission are:
1. To position MoneyByte as a widely used digital payment method
2. Position MoneyByte as a digital investment vehicle.

 

MoneyByte Blockchain

In the blockchain and cryptocurrency industry we want to become one of the most important providers in order to ultimately achieve our main goals (digital payment and digital investing)!

Our blockchain technology allows our coin to be used as very fast transaction and payments facilitator. MoneyByte blockchain creates larger transaction capacity with a faster speed than other cryptocurrencies (for example Bitcoin or Litecoin).  Also our blockchain delivers much lower transaction fees.

Although the main goals of MoneyByte are payments and investings, our blockchain technology has the possibility for store of value. Store of value requires fungibility, security, privacy, efficiency, low inflation and decentralization. And the MoneyByte blockchain delivers those.

 

The MoneyByte COIN

◆ Name: MoneyByte

◆ Ticker: MON

◆ Type: PoS + Masternodes

◆ Algo: Neoscrypt

◆ Features: Instant Send, privacy and masternode support

◆ Coin Supply: 32.22 Million

◆ Reward Distribution: 30% POS - 70% MN

◆ Block Reward: 2.3 MON (reducing proposals every 2 year)

◆ Block Time average: 60 seconds

◆ Masternode Collateral: 50000 MON

◆ Pre-mine 5 million, no ICO

◆ Premine: used for swapping BitcoinMonster into MoneyByte. BitcoinMonster supply during swap was 5 million, so all 5 million of pre-mine is used for the swap! All coins are distributed!

After quote: BitcoinMonster was the former blockchain of our team, which was replaced with the MoneyByte blockchain.

 

Distribution

The maximum supply of MoneyByte coins will be 32220000 MON. These coins will be mined through PoS mining (Proof of Stake) and through Masternodes. Every block in the blockchain mined , contains 2.3 MON of rewards, distributed over PoS (30%) and Masternodes (70%).

With an average of 60 seconds per block, we will generate 1440 blocks each day, meaning 3312 coins will be distributed on the network each day in the first 2 years.

All MoneyByte coins will be distributed in a time lapse of 42.5 years (ending april 2061). When all MoneyByte coins will be distributed then fees for staking will be the rewards to divide.

Our block/distribution roadmap:

block reward | Block begin nr | Block end nr. | Total coins distributed at block end | Expected date block end
x 0 1 5.000.000 september 2019
x 2 50000 5.150.000 october 2019
2.3 50000 1101200 7.567.760 october 2021
2.1 1101201 2152400 9.775.280 october 2023
1.9 2152401 3203600 11.772.560 october 2025
1.7 3203601 4254800 13.559.600 october 2027
1.5 4254801 5306000 15.136.400 october 2029
1.3 5306001 6357200 16.502.960 october 2031
1.1 6357201 7408400 17.659.280 october 2033
1 7408401 21969120 32.220.000 april 2061



MoneyByte can be traded on several exchanges with several pairs:

BTC PAIRS
GravieX (BTC)
SouthXchange (BTC)
TradeCX (BTC)
Unnamed Exchange (BTC)
NLexch (BTC)
Zeon Exchange (BTC)
Nortexchange (BTC)
Bastion Exchange (BTC)
iHost Buy&Sell (BTC)


DOGE PAIRS
TradeCX (DOGE)
Unnamed Exchange (DOGE)
NLexch (DOGE)


ETH PAIRS
NLexch (ETH)
Unnamed Exchange (ETH)
Bastion Exchange (ETH)


LTC PAIRS
Unnamed Exchange (LTC)
Zeon Exchange (LTC)
NLexch (LTC)
SouthXchange (LTC)


OTHER PAIRS
Unnamed Exchange (uTip)
NLexch (XRP)
NLexch (USDT)
NLexch (BCH)
Bastion Exchange (BWK)





Disclaimer

This announcement is currently considered a draft, and while we make every effort to ensure that any material herein is accurate and up to date, it may not be exhaustive. It contains forward-looking statements and is likely subject to further changes without notice.

 

Moneybyte is not intended to constitute securities in any jurisdiction, and you may not acquire any if that conflicts with any laws in the jurisdiction or you are subject. This document is not meant as investment advice, and does not imply any elements of a contractual relationship. If you are in doubt please ask a professional legal advice.

 


© 2019, MoneyByte | All rights reserved. -
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cuttie018
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September 11, 2019, 05:13:24 PM
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Hey guys, interesting idea! Have you got a background in crypto development? Checked your repository. It is pretty straight-forward. How may PEOPLE is in your team?
MoneyByte
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September 18, 2019, 03:06:34 PM
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Hi @cuttie018

We have a background in crypto. At the moment our team is 11 persons!
2 devs, admin, 4 blockchain tech people, 4 marketing people.

The official launch of our wallets will be on October 1st.
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September 27, 2019, 07:21:15 AM
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Hey my friend TillKoeln, we miss you on Yobit, haha, that mod Ultramod hates you, same as me, haha, well finally i found your exchange, gonna register , i saw you have trollbox too and people call you
boss  Grin , nice my friend.

Well about this coin, i like Pos coins, is rare to found some at start, i like some of the specifications of the coins like, the initial supply, 5 million is not a lot and only 3200 coins created daily, also
50,000 coin to get your masternode is not a lot of money, right now at 60 sats, other point that i like is already trading on 4 exchanges, thats a good point to consider.

Well waiting for the release of wallet, good luck developers.
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unnamed.Exchange, join the Cool Kids!!!


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September 27, 2019, 04:00:01 PM
 #5

Hey my friend TillKoeln, we miss you on Yobit, haha, that mod Ultramod hates you, same as me, haha, well finally i found your exchange, gonna register , i saw you have trollbox too and people call you
boss  Grin , nice my friend.

Well about this coin, i like Pos coins, is rare to found some at start, i like some of the specifications of the coins like, the initial supply, 5 million is not a lot and only 3200 coins created daily, also
50,000 coin to get your masternode is not a lot of money, right now at 60 sats, other point that i like is already trading on 4 exchanges, thats a good point to consider.

Well waiting for the release of wallet, good luck developers.

hey man ;-)
yeah i have seen your name on the new registrations.
welcome to some tiny unnamed.Exchange  Grin Grin Grin

you like it so far ?   Cool
uhmm yeah. idk who ultramod is .. but yeah.  i left yobit.
thats why unnamed exist,

simple trying to conquer the world leadership

MoneyByte
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October 04, 2019, 04:31:19 PM
 #6

hello Developer,
please add aditional the link to the uTip/MoneByte  to the opening post.

Thank you in advance

http://www.unnamed.exchange/Exchange/Basic?market=MON_UTIP

Adjusted
hercy
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November 02, 2019, 03:21:39 PM
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Good progress being made on the "use case"

With Moneybyte you can
Spread bet long and short against BTC
Hedge bet on BTC LTC XRP DGB DOGE ETH
Participate and receive rewards from the Masternodes of other coins
Moneybyte current holds Masternode assets in ESBC and Denarius.


Discord members now approaching 9000.

The website moneybyte.org starting to receive more hits.




hercy
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November 03, 2019, 07:15:48 PM
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MoneyByte are pleased to announce the launch of there 4th pooled masternode scheme.

Birake (BIR) is a promising project creating a network of white labelled exchanges.

With your Moneybyte you can now receive weekly rewards through our hedged masternodes schemes.
of Moneybyte, ESBC, Denarius and now Birake.

See moneybyte.org for details.

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