Monolith - the first decentralized ruble stablecoin - page 10.

Monolith.Team

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Quote from: Monolith.Team on August 08, 2020, 01:51:46 AM

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How many MDTs are there in the system?

At the time of signing the MonolithosDAO protocol, a total of 1 million MDTs existed. To find out how many MDTs currently exist, check out the MDT Token Contract on Etherscan

https://etherscan.io/token/0x4Dfd148B532e934a2a26eA65689cf6268753e130

Who is the oracle?

We use MakerDAO oracles. The modules Feed and Relayer. The Feed asks for the price and the Relayer delivers this price to the contract.
Feed takes the median from prices from different sources (direct ETH/RUB pair or calculate the price of ETH/USD median (USD/RUB).
Sources for ETH/RUB: binance; cryptocompare; exmo
Sources for ETH / USD: bitstamp; coinbase; gemini
Sources for USD/RUB: exchangeratesapi; cbr; ratesapi

Monolith.Team

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How many MDTs are there in the system?

At the time of signing the MonolithosDAO protocol, a total of 1 million MDTs existed. To find out how many MDTs currently exist, check out the MDT Token Contract on Etherscan

https://etherscan.io/token/0x4Dfd148B532e934a2a26eA65689cf6268753e130

Monolith.Team

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Quote from: Monolith.Team on August 07, 2020, 11:56:43 AM

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This is the new cryptocurrency?

We have updated the existing stablecoin https://www.youtube.com/watch?v=VJfQsYdyfTA&feature=youtu.be

Is it worth buying?

Take a look at the DeFi market. Analyze, make a decision.

Monolith.Team

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This is the new cryptocurrency?

All information about the number of MDT tokens and how they are distributed can be found on the token sale page.

Monolith.Team

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This is the new cryptocurrency?

We have updated the existing stablecoin https://www.youtube.com/watch?v=VJfQsYdyfTA&feature=youtu.be

Monolith.Team

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Quote from: Monolith.Team on August 07, 2020, 10:07:47 AM

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What is bitzlato?

It is service to exchange cryptocurrency for fiat

It is your project?

it is our partner

Monolith.Team

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Quote from: Monolith.Team on August 07, 2020, 07:56:34 AM

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I don't know! The dollar is a tool for international calculations, so stablecoins by the dollar make sense. Everyone can understand its value. The ruble is a tool for purely local payments within the country. We'll see what happens next.

First of all, our project is aimed at the Russian market and traders who use ruble pairs. Look at the trading volume against the ruble on the local and on the same bitzlato. Many traders hold exactly the ruble and do not want their balances to be blocked.

Well, you should understand that this volume is due to the fact that some people just want to enter the crypt market, and others to exit. Therefore, consider use of crypto ruble , more than just arbitration..

We are thinking about it, and we will enter the infrastructure gradually. If you want to help us – we will be very happy!

Monolith.Team

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What is bitzlato?

It is service to exchange cryptocurrency for fiat

Monolith.Team

copper member

Activity: 167

Merit: 0

Quote from: ?? on ??

I don't know! The dollar is a tool for international calculations, so stablecoins by the dollar make sense. Everyone can understand its value. The ruble is a tool for purely local payments within the country. We'll see what happens next.

First of all, our project is aimed at the Russian market and traders who use ruble pairs. Look at the trading volume against the ruble on the local and on the same bitzlato. Many traders hold exactly the ruble and do not want their balances to be blocked.

Monolith.Team

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Quote from: Monolith.Team on August 06, 2020, 05:26:34 PM

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I got it right mcr is as tether?

Yes, but for rubles.

Can tell in more detail what rights do MDT owners have in voting?

MDT owners have the opportunity to make technical changes to the MonolithosDAO protocol and ratify on-chain decisions on non-technical issues, whether it is changing system parameters or deciding to adopt a new management philosophy. To learn more about managing the MonolithosDAO protocol, visit the Management FAQ. MDT owners who are interested in actively participating in MonolithosDAO protocol management can refer to the Voting Guide to find out how to get started.

Monolith.Team

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I got it right mcr is as tether?

Yes, but for rubles.

Monolith.Team

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The idea of launching a stable linked to the price of the ruble is generally not bad. But it is too early to draw conclusions, let's look at further development.

If we can answer any your questions to increase your confidence in the development team, we will be happy to help.

Monolith.Team

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Quote from: Monolith.Team on August 05, 2020, 10:02:28 AM

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Quote from: Monolith.Team on August 04, 2020, 02:03:59 PM

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Quote from: Monolith.Team on August 04, 2020, 12:51:30 PM

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Quote from: Monolith.Team on August 04, 2020, 07:01:18 AM

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Are there any calculations of the return on investment in MDT? What are the possible dates?

The team will make every effort to ensure that the MDT does not fall below the sale price. We hope the price will grow by 15-20% during the year , but there may be sharp movements on the uniswop and you can catch x2-x3

Will be any MDT tokens release after the presale and uniswap sales?

Tokens are released in limited quantities and will not be released again.The total number of tokens on sale is 1,000,000

The main question at the moment is what will happen if the cost of collateral ether falls, for example, by 2-3 times. And how participants will earn money from this.

If the value of the collateral to the MCR loan amount is less than 125% (this percentage is chosen by the owners of the MDT token), the flip auction will start.

During the flip auction, the collateral of the liquidated storage is put up for sale for MCR. auction participants have the opportunity to buy cryptocurrency cheaper than the market price.

+ A penalty of 7% (also selected by the owners MDT) and over time, the fines formed by the MCR surplus in the system and that MCR will be sold at auction flap, which sells MCR for tokens MDT (MDT owners will be possible to buy MCR cheaper than market price), all MDT received at auction is burnt and this naturally raises the price on MDT (Provision remains the same, the number decreases MDT)

how are the parameters being regulated now, are they already controlled by the owners of MDT, or are some basic ones laid down by the developers?

Yes, basic from the developers, since the community is currently being formed and there have been no votes' yet

The management can issue additional MDTs by voting?

no. This is stated in the contract and vote does not affect it.

Monolith.Team

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Quote from: r0b010146 on August 06, 2020, 12:47:52 PM

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Quote from: mdmtAGNTaj on August 06, 2020, 11:30:52 AM

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Can buy mdt for less than 1 eth?

you can buy 0.25 eth

And how and where to do it? After all, on the official site like from 1 eth?

Well, there you enter the number of coins a multiple of 200.

You can register using the link and see for yourself how much you can buy https://monolithos.primecore.io/en/login

r0b010146

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Quote from: mdmtAGNTaj on August 06, 2020, 11:30:52 AM

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Can buy mdt for less than 1 eth?

you can buy 0.25 eth

And how and where to do it? After all, on the official site like from 1 eth?

Well, there you enter the number of coins a multiple of 200.

mdmtAGNTaj

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Can buy mdt for less than 1 eth?

you can buy 0.25 eth

GBGglenn

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Explain what the person who issues the MCR and leaves a Deposit in the ether, which exceeds the current value, thinks. What is the profit? After all, you can just buy MCR on the exchange.

To save the cryptocurrency without selling it. For example, you have 1 bitcoin, you pawn it and get rubles for a year. A year later, your pawned cue ball makes X10, and you give the rubles and get a profit.

Monolith.Team

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