Topic: [ANN] MonetaryUnit [MUE] - POS. MasterNodes. Funding. Governance. Services. Devs - page 157. (Read 450717 times)

Good to see some action here.
I thought the team left a while ago that's why the price was going down.

Up to some more Mue Developments!

We're winding down the "official" forum www.MUE.club.

An e-mail has been sent to the 187 registered users directing them to this thread to try to centralise discussion about MUE and to avoid dilution of conversation.

Well then if they is already a MUE lottery, then I guess there would be no need for another one right? I mean this one looks great and perhaps we could make this one become successful. And yes, getting Poloniex to work with MUE would be fantastic. Let's hope and see if we get added. 

@abiky in fact, if you wanted to use www.BitcoinPrizeDraw.com you are welcome to

We did try this a while back
http://www.bitcoinprizedraw.com/
While we didn't have huge success (due to time and fund constraints) it definitely has potential.

Just checked Polo, looks they they are dabbling with offering 3rd party loans, so I've dropped them a feature request message to see if they would consider working with us.
Thanks for the heads up.

Hi all, I've approached two exchanges about this and no one wants to take it forward, "so far".
Please have a read and please approach or advise which exchange may be worth contacting.
I've so far tried Bleutrade & Banx.io

MUE savings and loans hosted on "an exchange"
 
Currently MonetaryUnit offers a savings account called MUEbank - http://bank.muecentral.com/
This offers 10%APR interest rate on deposited MUE and has a 28 day withdrawal notification period.
The benefit is that MUE holders can get the benefits of a POS interest return on a POW coin and it allows them to reduce the affect of inflation on their holdings.
A table of the reducing inflation rate is available here http://www.monetaryunit.org/muestuff/slowing-inflation-rate-of-monetaryunit/
MUEBank is a completely manual process, which while manageable at the moment, is still a pain.
The benefit to MUE is it offers a service to its community, and also helps reduce the liquidity in the market place.
The disadvantage of the savings account is that the interest has to be paid from our own holdings.
 
To mitigate this, we want to offer some of the traditional banking services that people know and love, and the second part is the loans facility, whereby MUE holders can deposit their MUE into their MUE loans account, and be offered a BTC loan using their MUE as collateral.  My gut feeling is that the BTC loan would be 50% of the current market value of their MUE when it is deposited.
I think perhaps we have 3 terms. 1 month @ 5%, 2 months @ 10% , 3 months @ 15%.
Once up and running this will allow the savings offering to be self sustaining, and also generate profit.
 
This is hopefully where it can get interesting for "an exchange" & MUE.

Lets say for arguments sake, that the revenue generated by the BTC loans is split 50/50 exchange/MUE.
So the exchange can do whatever it wants with its portion of the revenue = win for exchange.

The other portion of the revenue for MUE is AUTOMATICALLY put into buy support for MUE which tops up the MUE account on the exchange that pays the interest to the savings offering, again, this is a win for the exchange as it keeps the coins re-circulating there and increases volume of trade in that exchange.
It will also give the exchange a fantastic USP to market against as I am not aware anyone else is offering what I'm suggesting.

Ideally the exchange would only offer these services just for MUE, however I also understand that being able to use MUE as a test bed could be invaluable to offer the same services for other coins.
The benefit to MUE obviously is being able to offer sensible, fair automated financial instruments people can understand and are familiar with, which gives us exposure as a crypto project, but also of course, means that the re-invested BTC generated from the BTC loans will increase the MUE price.
It also means we don't have to be worried about having to set up an legal entity in a crypto friendly jurisdiction, as it will be managed by the exchange.
 
So there are a few things we would have to do.
1) Provide the exchange with MUE to fund the wallet that pays the interest in MUE savings.
2) Provide the exchange with BTC with which to fund the wallet that will pay out the BTC for the MUE loans.
3) There would have to be a facility that will "drip sell" MUE on any defaulted loans
4) Users will have to have as part of their exchange login, a simple to understand "banking" facility.
5) Show the liquidity funds of both MUE and BTC wallets being used to fund the services.
 
Initially I think we would have to be cautious and on launch limit both the number of users who are able to open accounts, but also limit the amounts that can be deposited into the savings account or BTC borrowed against their MUE collateral.
Also, as we move forward with it, it would be great to be able to activate promotional rates and offers etc.

Also instead of only offering people BTC loans against their MUE collateral you could offer them ANY coin as a loan which would work by using the BTC in the loans wallet to buy the coin they want to borrow, once again increasing volume on the exchange.

I've added a "cute" ribbon on www.MonetaryUnit.org and added some posts with some of the latest updates from UpgradeAdvice.

Also, please take the time to subscribe to our e-mail newsletter, also available on the website on the right hand side
http://www.monetaryunit.org/blog/

Currently our official forum www.MUE.club is down, we're checking why.
We "may" wind it down and direct any discussion here (not least to save some money!).
I think until we have a significant community we probably don't need a dedicated forum just yet?
We've redirected the domain to MUE.club to this thread.

@Abiky I totally agree, and I wish I had the time and money to dedicate to more PR.
Hopefully by building & growing services, and showing the crypto community what we're about then things will continue to grow.
I'm not going anywhere for sure

More bugs == More "activity"

Now that we have most of them fixed, people have less reason to come here to complain... at least that's what I like to think

That is good news because I'm going to start making my first deposit on the MUEBank. Still there are a few things things to be done on the cloud mining site, but I think I will have it ready because the end of the year. Next thing that I will be working on would be the MUELotto which will occur on January next year. 

I think we need more people into the MUE community as there is not much activity here on the thread, whereas other alts have frequent discussions. Maybe more advertising and marketing is needing perhaps? 

Site is looking good, very excited to see this project become a success.

MUEBank is alive and well and managed by Hoosen, he's probably been away having fun, but I'm sure he'll get back to you, unless there have been any technical issues with e-mail etc.
I'll drop him a message.

Hey thanks for your positive feedback about the things that I have been working on to support the MUE project. Sometimes I wonder why this thread is kept mostly quiet with almost no replies after a few days, but I guess it is because we are in the season of Xmas.

Anyways, I would like to announce that the MUECloud mining site is nearly complete. Only a few final touches and it will be ready to begin with the operation.

You can take a look at it by going to: http://muecloud.xyz

In the meantime, I will continue to work on it as well as the other upcoming features that I will be bringing into MUE. Hope to see MUE community grow  as it has been a couple of days since there hasn't been any new reply from members (with the exception of devs/staff) 


@bizzyb Is the MUEBank still working? I just sent a message via the contact form a couple of days ago, but I haven't received a response yet. 

Logo looks nice, good change.

I think if you manage to achieve just 1 of these things then you've achieved a lot and there will be a significant bounty coming your way

You can't just run sgminer on it?

Not tried but I'll give it a go.

Thanks for your feedback. Even if I still don't reach the goal of 75 T-shirt reservations, I will find other ways to raise funds and help MUE project grow. There is still a lot to be done on the Cloud Mining Site that I am working on, but I have finally came up with a logo that would fit the current design.

Here is the updated screenshot with the new MUECloud logo:





I also wish that too. If MUE could increase in price and market cap, then bright things will come up for this crypto currency. I have just contacted one of the staff of the Gambling site on my signature for a request to add MUE, but I just received a reply saying that if MUE increases its marketcap over 200k$, as well as daily volume, then they would add it as an accepted form of payment.

In the meantime, I am working on a few things to help achieve this. There will be new things coming along for new year and here is a sneak peak of what will come:

1. Ability to purchase MUE lottery tickets and win prizes! (mostly a huge bounty in MUE or BTC)

2. Ability to purchase MUE with your credit/debit card.

3. MUECloud Cloud Mining Service

4. MUEbay - Purchase anything from ebay or Amazon with your MUE.

5. And more....


And just in case you are interested, go get your MonetaryUnit T-shirts today and show your support! Get them here: https://www.teezily.com/mue-tshirt-2015


I would also like to know your comments and/or suggestions about MUECloud or the other things that I have proposed. Wish you a Merry Christmas and a happy new year! 

Wow nice the development of MUE still continues, community is growing, now we only need some improvement in price, i wish we will have it in 2016, we need the MUE at 1000 satoshis

Got someone a present




Solo mining MonetaryUnit is now possible with on sgminer using the MonetaryUnit GBT fork. Special thanks to wolf9466 for consistently good work on sgminer and other projects.

Clone our fork @ https://github.com/MonetaryUnit/sgminer and compile it using the directions found in README.md. Official binary packages for Windows will be made available in the near future.

In this example, I am solo mining to my own MonetaryUnit daemon running on my pi2, rather than a stratum pool.

Please report MUE-specific isssues @ https://github.com/MonetaryUnit/sgminer/issues

Thank you Bizzyb!!

And best wishes for you! And for everyone here! Wish you happiest holidays ever


Best regards.

Happy holidays everyone