Monolith - the first decentralized ruble stablecoin

[Monolith.Team]

I read the articles about crypto-ruble! Is it an official russian cryptocurrency?

 I think you also read info what it is Spanish project - how do you think, is this official russian project?

 Spanish? really?

Yes, we official project county is Spain

Why?

 Russia is not very crypto-friendly now with new law

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[1713946864]

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[1713946864]

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[Monolith.Team]

I read the articles about crypto-ruble! Is it an official russian cryptocurrency?

 I think you also read info what it is Spanish project - how do you think, is this official russian project?

 Spanish? really?

Yes, we official project county is Spain

Why?

 Russia is not very crypto-friendly now with new law

But you have russian team

We have international team

[Monolith.Team]

On bestchange will be your cryptoruble represented?

This is in the project development plan

[Monolith.Team]

What about the price? Why did MDT price fall?

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

[Monolith.Team]

What about the price? Why did MDT price fall?

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

I mean, why did the price fall?

Why is the value of the BTC have fallen from 12.200 to 11.700 again? This is the market… Is there any official news? I think this could help raise the price!

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

[Monolith.Team]

Will the token be available on other exchanges? Except Uniswap

Yes, it is in the company's plans

[Mongoll]

Will the token be available on other exchanges? Except Uniswap

Yes, it is in the company's plans

Does nothing happen in the project?

[Monolith.Team]

Will the token be available on other exchanges? Except Uniswap

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

[zeus111981]

I want to help! What can I do?

[Monolith.Team]

I want to help! What can I do?

Are you MDT holder?

[zeus111981]

I want to help! What can I do?

Are you MDT holder?

yes

[Monolith.Team]

I want to help! What can I do?

Are you MDT holder?

yes

Contact us by email info@monolith.money/

[Monolith.Team]

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!

[Monolith.Team]

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!

[Monolith.Team]

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.

[Monolith.Team]

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.

[Monolith.Team]

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.

[Monolith.Team]

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.

[Monolith.Team]

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!

[Monolith.Team]

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!