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Author Topic: Monolith - the first decentralized ruble stablecoin  (Read 2038 times)
Monolith.Team (OP)
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August 09, 2020, 07:48:26 AM
 #101

And the MDT token can be invested at a percentage? Or is it purely for trading and management?

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.
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Monolith.Team (OP)
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August 09, 2020, 11:16:38 AM
 #102

What opportunities to earn do MDT token holders have?


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.
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August 09, 2020, 04:52:57 PM
 #103

Can the MDT token, when diluted, cover all MCRs if their cost becomes zero?

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.
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August 09, 2020, 04:56:11 PM
 #104

What financial bonuses MDT holders receive?

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!
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August 09, 2020, 07:45:38 PM
 #105

What financial bonuses MDT holders receive?

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!


Tell more detail on the first point.

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!
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August 09, 2020, 09:56:54 PM
 #106

What financial bonuses MDT holders receive?

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!


Tell more detail on the first point.

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!

Is there any information whether there will be a listing on any exchanges of the MDT token?

Yes. The team is negotiating with several exchanges, now we are focused efforts on decentralized and p2p exchanges.
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August 10, 2020, 09:27:28 AM
 #107

Is today the last day of your tokensale?

Yes right. Sale ends at 14-00 UTC
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August 10, 2020, 10:44:08 AM
 #108

When will MCR trading start on Land? You said after the end of the sale MDT.

The trading will be launched soon, follow the news
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August 10, 2020, 11:23:37 AM
 #109

When will MCR trading start on Land? You said after the end of the sale MDT.

The trading will be launched soon, follow the news


When is that?

Tomorrow the trading will be open, but we will post news here
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August 10, 2020, 02:31:53 PM
 #110

MCR token sale is over?

You're confusing MCR and MDT
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August 10, 2020, 05:56:47 PM
 #111

MCR token sale is over?

You're confusing MCR and MDT

I thought this was about the crypto ruble


So it is, but the tokensale was MDT

What is 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.).
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August 10, 2020, 05:58:02 PM
 #112

Is today the last day of your tokensale?

Yes right. Sale ends at 14-00 UTC


By the way, how many tokens were sold?


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

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August 11, 2020, 03:47:15 PM
 #113

MCR trades are open on the site https://land.monolith.money/
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August 11, 2020, 05:24:05 PM
 #114

Applied for withdrawal how long will it take?

All applications created and confirmed by email will be processed within a day
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August 12, 2020, 03:03:08 PM
 #115

MCR trading has started?


yes, yesterday
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August 12, 2020, 04:34:16 PM
 #116


Please, follow the link https://land.monolith.money/
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August 12, 2020, 05:54:41 PM
 #117

Do I need to output tokens from the my personal area at site to my wallet?

yes
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August 12, 2020, 07:49:41 PM
 #118

Do I need to output tokens from the my personal area at site to my wallet?

yes

Can I use any ETH wallet?

Please use MetaMask
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August 12, 2020, 08:13:14 PM
 #119

Do I need to output tokens from the my personal area at site to my wallet?

yes

Can I use any ETH wallet?

Please use MetaMask

Please provide a link to the smart contract

https://etherscan.io/token/0x4Dfd148B532e934a2a26eA65689cf6268753e130
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August 12, 2020, 08:55:57 PM
 #120

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

What is Land? Is it new exchange?


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