Topic: [ANN] [Live] 🔵 MonetaryCoin series 🔵 - Algorithmic Money Supply (Read 623 times)

https://www.youtube.com/watch?v=NdosC82f4rU

https://medium.com/monetary-protocol/test-8bf731591098

https://monetarycoin.org/monetarycoin_exchange_list

https://forging.monetarycoin.io/

MonetaryCoin锻造简介 

https://medium.com/monetary-protocol/monetarycoin-forging-introduction-562791bb1ab5 for images

https://www.youtube.com/watch?v=BbH_bYwif_o&t=91s
 
什么是MonetaryCoin锻造？
 锻造是在采用“权益证明”的方法进行新代币锻造的区块链上挖掘新币的过程。您投入锻造的币越多，则赚到的币就越多。在更熟悉的“权益证明”系统上运行的其他币则需要使用专门的电脑设备来赚取新币。
 
如今，Monetary CoinERO（MERO）和MonetarCoinCHI（MCHI）可以在此便于使用的DApp的帮助下得以锻造：https：//Forging.MonetaryCoin.io。事实上，他们现在正在被锻造。
MonetaryCoin系列的每一份子都将经历两个锻造阶段：
 
●   第一阶段（首次分销）：在此阶段，许多MonetaryCoin代币得以创造，以便币的数量等于属国货币供应量的百分之一。例如，MERO币的数量会采用广义的欧元供应量（即M2）来校准。期望在此期间锻造相对较高的区块奖励。此阶段会持续两年，包括在锻造过程之外的每日拍卖中进行币分销的6个月时间。如今，利益相关者会在24小时的拍卖中购买代币，然后立即将这些代币提交给锻造DApp。当拍卖结束，下一阶段开始之前，仍有大约一年半的锻造时间得以保留。
●   第二阶段（GDP锻造）：一个国家必须依靠新币才能发展 — 也就是说，如果GDP扩大，那么可供锻造的币的数量就会增加。例如，如果欧元区经济增长了3％，那么将有另外3％的MERO可用于锻造。此阶段的持续时间是无限的。这种方法来自货币主义学派，因此有了 — MonearyCoin，MonetaryCoinERO和MonetaryCoinCHI。
 
算法货币供应
1.  总供给量 - 流通中的代币总量。
2.  区块奖励  - 针对每个新的以太坊区块锻造的代币数量
3.  总权益 - 目前承诺锻造的代币数量。
 
使用MetaMask进行锻造的分步骤指导：
 
要尝试锻造DApp，首先在此视频的帮助下，在Dapp分销上获取币或在交易所购买币。 本节假设您已经对Metamask有了一定的了解，以下视频为此简单易用的浏览器插件的新手用户提供了一个有用的入门手册，该插件还可兼作以太坊钱包。
 
在访问DApp和使用MetaMask时，您的屏幕应显示如下内容：
 
MonetaryCoin锻造Dapp
 
请仔细阅读以下分步骤说明来开始入门：
 
●   在MetaMask中，连接到主网络并解锁钱包。该步骤很重要，因为目前存在着几个您不希望使用的以太坊测试网络。
●   转到https://Forging.monetaryCoin.io
●   选择您想要锻造的代币：如今可能是MCHI或MERO  — 请记住，这需要假设您的MetaMask钱包中已经有了一些代币：
 
MERO和MCHI已可用于锻造
 

·              滚动到页面底部，确保您可以看到以下内容：
 
锻造界面

您的MetaMask钱包的以太坊地址应显示在屏幕左侧的“地址”栏下，并且您的Metamask钱包（或MCHI）中保留的，针对MERO 的MonetaryCoin余额应显示在页面右侧，靠近“余额”的“详细信息”栏目下面。
 
●   选择要提交的金额（在这种情况下，我们将提交1,000个代币），然后按下“提交代币”按钮。随后会弹出一个MetaMask窗口，要求您正式进行交易并设置Gas Limit和Gas Price：
 
·              使用Metamask弹出窗口来提交交易，并等待交易被挖掘。当以太坊网络非常繁忙时，建议采用更高的gas price下限。
 

承诺应出现在详细信息的下面。
 ·              一旦交易被挖掘并且承诺出现在了详细信息的下面，我们就可以查询锻造奖励：
 

链上奖励的计算
 
·              奖励是在链上计算的，并且对其产生影响的所有因素：承诺值、区块编号、承诺区块期间的权益，以及承诺期间的区块奖励等均可显示出来。
·              预期的奖励是我们将获得的价值，如果此区块中的提取交易被挖掘到。实际奖励是在实际交易中通过Metamask提交的期间在链上计算的。
·              一切就绪后，按提取代币按钮并使用Metamask提交交易。请注意，我们使用Metamask来提交代币，然后再次使用它来提取代币。
·              一旦交易被挖掘，用户就会获得原始承诺和锻造奖励。

________________________________________


新锻造的币如何分销？

 
 

每个挖掘的区块都有特定的区块奖励。在首次分销期间，区块奖励是恒定的，并且在GDP挖掘期间，区块奖励与该代币相关国家或货币联盟中的GDP变化率有关。
 
单个区块的锻造奖励计算方法如下：
 单个区块的奖励计算
 
 
S  - 用户的承诺
 
 
TotalS  - 所有用户的承诺
 
R Block  - 区块奖励
 
因此，用户获得与其承诺成比例的奖励。
 
对于多个区块，具体的奖励可以通过如下方法计算：
 
多个区块奖励
 
n  - 区块的数量
 
R i  - 针对区块i的奖励
 
TotalS i  - 区块i上的所有承诺
 
要计算区块奖励，我们需要存储每个链上区块的总承诺，这可能产生与存储相关的，巨大的以太坊gas成本。我们可以通过考虑总承诺的第一个和最后一个值来近似计算。
 
 
多个区块奖励的计算方法
 
n  - 区块数量
 
S  - 用户的承诺
 
欲了解更多信息，请务必阅读MonetaryCoin白皮书，并访问网站首页和锻造DApp。 MERO和MCHI目前正在分销，而币此刻正在被锻造。
 

Initial distribution of MERO and MCHI is now complete as of December 30th, 2018. Thank you to all those who participated.

Forging information (i.e. mining) can be found at:

https://medium.com/monetary-protocol/monetarycoin-forging-introduction-562791bb1ab5


https://www.youtube.com/watch?v=BbH_bYwif_o&t=91s

How do you get MonetaryCoinERO (MERO) and MonetaryCoinCHI (MCHI)?

https://medium.com/monetary-protocol/monetarycoin-distribution-how-it-works-how-to-use-the-app-2f55afc79427

Korean Explainer Video  설명 비디오

https://youtu.be/3e0qjESHzLQ

Korean Explainer Video  설명 비디오

This is post 4 of 4 explaining the MonetaryCoin Series

https://medium.com/monetary-protocol/elective-aml-kyc-and-the-monetarycoin-series-ef681f8f59ee

This is post 4 of 4 explaining the MonetaryCoin Series

This is post 3 of 4 explaining the MonetaryCoin Series

https://medium.com/monetary-protocol/blockchains-first-econometric-oracle-and-the-monetarycoin-series-4fd051894481

This is post 3 of 4 explaining the MonetaryCoin Series

This is post 2 of 4 explaining the MonetaryCoin Series

https://medium.com/monetary-protocol/milkshakes-and-mining-rigs-monetarycoin-and-proof-of-stake-3cd37946a2a9

This is post 2 of 4 explaining the MonetaryCoin Series

This is post 1 of 4 explaining the MonetaryCoin Series

https://medium.com/monetary-protocol/monetarycoin-the-return-of-monetarism-8cfc85a4eea9

This is post 1 of 4 explaining the MonetaryCoin Series

a monetary project that has very good prospects and also for the future of kareba this project is quite long until December

Demonstration of the MonetaryCoin Distribution App (Dapp)

https://www.youtube.com/watch?v=BbH_bYwif_o

Demonstration of the MonetaryCoin Distribution App (Dapp)

Japanese Explainer Video

https://youtu.be/vQzAT8hmWMA

Japanese Explainer Video

설명 비디오 - Korean Explainer Video

https://youtu.be/3e0qjESHzLQ

설명 비디오 - Korean Explainer Video

Brazilian - Portugese Explainer Video

https://youtu.be/XpdkwJUd19Y

Please note that the project has neither a soft cap nor a hard cap.

with the current market, i wonder if they get sufficient funding for this project..
but to be fair with the dev, they at least put effort to make a good whitepaper. not just a 5-min presentation or a so-so wp

This project have airdrop campaigns?

Después de que se publique la función KYC, las partes interesadas de la serie MonetaryCoin ( MERO y MCHI) pueden elegir agregar o quitar información de AML-KYC a una dirección wallet de MonetaryCoin. Después le corresponde a la parte receptora verificar la exactitud de la información personal. La mayoría de las partes que insisten en AML-KYC son instituciones financieras reguladas con procesos de verificación y mantenimiento de registros.

It seems like a lot of strong support is needed for this project so that later it can develop, hopefully MonetaryCoin will attract the attention of investors and supporters so that later they can advance, develop and be able to reach the expected target.

This MonetaryCoin project seems to still need a process in development, and the players are expected to work even more optimally to promote this project program, so we look forward to the development and update of the information hopefully it will soon produce results so that everyone can know each other's advantages.

Updated thread with new content

with the concept and an experienced team this project will be able to compete with other projects and will attract many investors to join, and sales will be able to reach the target as well. Success is always this project.

MonetaryCoin Series Introductory Article 4 of 4: Elective AMK-KYC - Jaquen and the Game of Thrones

With MERO, MCHI or any expected member of the MonetaryCoin Series one may self-identify without permanently identifying. How? You enter your AML-KYC (anti-money laundering - know your customer) information at the wallet level, and then later abandon the wallet if you don't want to be identified in future transactions. A hash of the AML-KYC data is stored on the blockchain but only the recipient address owner can attach the hash to a off-chain data and decrypt its content. The AMK--KYC is stored on a child chain. This reduces the risk of exposing sensitive information to unrelated parties.

https://medium.com/monetary-protocol/elective-aml-kyc-and-the-monetarycoin-series-ef681f8f59ee

https://youtu.be/52QsDDBvhRc

MonetaryCoin Series Introductory Article 2 of 4: Proof-of-stake

MonetaryCoin has practical solutions, helped by Ethereum, to the five classical objections to Proof of Stake forging. Proof of stake forging…good, slow roasting planet with unlimited proof of work blockchains…bad. MonetaryCoin offers proof of stake forging today, in advance of the Ethereum Caspar implementation. By spending on coin instead of gear you just may escape those rigs in the basement for a laptop by the pool. For more, read on:

https://youtu.be/a5d9BrLN5K4

https://medium.com/monetary-protocol/milkshakes-and-mining-rigs-monetarycoin-and-proof-of-stake-3cd37946a2a9

MonetaryCoin Series Introductory Article 3 of 4: Blockchain's First Econometric Oracle

An econometric oracle securely feeds economic data into the blockchian. Fro example, the MonetaryCoin oracle for MERO answers two questions: (1) how many MERO can be issued to the mining (i.e. forging) pool and (2) under what circumstances may they be issued to the pool. Harness data reported by central banks, apply a simple mathematical formula, execute the formula with cryptographically secure machine instructions, and you have synthesized the essential quality of central bank credibility; restraint. But people have to know that this well tuned system exists, kind of like the doomsday machine in Dr. Strangelove. It only works if people know about it. For more on this topic read on:

https://medium.com/monetary-protocol/blockchains-first-econometric-oracle-and-the-monetarycoin-series-4fd051894481

MonetarySeries Introductory Article 1 of 4: The Return of Monetarism

The white paper for MonetaryCoin

The Monetary Protocol employs blockchain technology to bring new life to an important economic school of thought called Monetarism. How? The MonetaryCoin Series. The revival reminds me of Jurassic Park wherein scientists retrieve DNA trapped in amber to breed creatures that last walked the earth hundreds of millions of years ago. Although MonetaryCoin will not pick up a jeep with huge jaws or aggressively hunt Jeff Goldblum, it may yet still possess broad appeal. By making currency inexpensive to securely and reliably distribute, Satoshi Nakamoto, mysterious creator of Bitcoin, inadvertently enabled Milton Friedman’s economic theory to escape the park, so to speak.

The Monetary Protocol White Paper opens with three quotations from three leading authorities on macroeconomics. In this article we discuss the quotations and how they relate to the coin. For more, read on...

https://medium.com/monetary-protocol/monetarycoin-the-return-of-monetarism-8cfc85a4eea9

For MonetaryCoin forging, no special equipment is required.

All you need is ownership of the token and using this Dapp: https://forging.monetarycoin.io

Detailed instructions can be found on: https://medium.com/monetary-protocol/monetarycoin-forging-introduction-562791bb1ab5

Partial Screenshot:




The tokens already being traded on decentralized exchanges:

MonetaryCoin Exchange list (more coming soon)

I want to know if you can dig a mine with this coin, with what machine, with what algorithm,
And when will it be listed on the exchanges? And what exchanges is the project intended to be listed?

only this time I know that if there is such a good project, the vision and mission are very good and also supported by a team that is very capable in their field, I am sure this project will be successful in the future.

Elective AML-KYC and the MonetaryCoin Series
https://medium.com/monetary-protocol/elective-aml-kyc-and-the-monetarycoin-series-ef681f8f59ee

MonearyCoin Distribution DApp explainer video

https://youtu.be/BbH_bYwif_o

one of the projects that have great prospects for the future because it brings a very innovative concept, and I think this project deserves to gain a lot of support. Hopefully the project always runs smoothly until success could be achieved.

with the creative concept of going to a lot of investors join in this Monetarycoin project allocation of reward to bounty was also larger in the future hopefully this project can run smoothly

MonetaryCoin Spanish Explainer Video

https://www.youtube.com/watch?v=rk0m27WQKw0

Published on Medium:
Blockchain’s First Econometric Oracle and the MonetaryCoin Series
-How I learned to stop worrying and love the Oracle

https://medium.com/monetary-protocol/blockchains-first-econometric-oracle-and-the-monetarycoin-series-4fd051894481

Vietnamese translation:
ANN thread: https://bitcoingarden.org/forum/index.php?topic=41995.msg300115#msg300115
Bounty thread: https://bitcoingarden.org/forum/index.php?topic=41995.msg300128#msg300128

this project has a brief but clear explanation on the thread.
after I see and learn more from the website. I believe this project will be superior to other projects with the same concept.

posted MonetaryCoin: The Return of Monetarism

Added English explainer video:

promising projects
MonetaryCoin is the first cryptocurrency to implement macro-econometric oracle features to endogenously manage its own maximum supply after being falsified (ie mined) to the initial limit.

Published "milkshakes-and-mining-rigs" on Medium:

https://medium.com/monetary-protocol/milkshakes-and-mining-rigs-monetarycoin-and-proof-of-stake-3cd37946a2a9

Created step by step guide and video tutorial for the distribution app.




MonetaryCoin distribution Guide


MCoin video tutorial




Feedback appreciated

a very good potential for future release by MonetaryCoin, I think it's going to be a lot of support because they are as promising investors

"The question. You create a new coin. Already created more than a thousand different coins on technology Buterina. What are you more attractive than others? Take into account, when Buterin created his etherium, he had only bitcoin in his competitors."

Answer: The cap on the number of coins available for forging is set by the following formula: # coins outstanding x (1+ % change in GDP for the country or currency union) = new supply of coins available to mine.

How is it done? MonetaryCoins use an econometric oracle tied to Bloomberg data.

Euro MonetaryCoin and China MonetaryCoin are both available today at www.monetarycoin.io.

In the case of negative GDP growth we use a novel construct called M5. See the whitepaper for more detail and thanks for your question.

MonetaryCoin Japanese Explainer Video
https://youtu.be/vQzAT8hmWMA

The question. You create a new coin. Already created more than a thousand different coins on technology Buterina. What are you more attractive than others? Take into account, when Buterin created his etherium, he had only bitcoin in his competitors.

Hi! I just came to know about this project so don't have clear idea. I will check whitepaper and other documents for more info. But I always wanted to take professional help for crypto trading. It's seems that finally I found something interesting.

Chinese Explainer Video
https://youtu.be/9MZUduCpY9Y