Topic: Monolith - the first decentralized ruble stablecoin - page 5. (Read 2043 times)

 Why is DEFi everyone doing on the Ethereum? It is a buggy device, it is impossible to use the network properly.

Important news: revised thresholds!

Dear users! We have to put a threshold on MDT and MCR deposits to Bitzlato (@MCR_CHANGE_BOT and @MDT_CHANGE_BOT, as well as the web version of the platform).
The deposit threshold is now 3000 MCR cryptorubles and 100 MDT governance tokens. All transactions below this threshold will not be credited or reimbursed.

Changes will come into force starting 17 February 2021 at 12:00.

Happy New Year!

2020 is almost over. The year that changed our habits, our way of life. It showed us new opportunities, but most importantly, taught us to value what we used to take for granted.

We are full of aspirations and hope as we enter 2021!

We hope 2021 brings you luck and success, and may all of your dreams come true! To achieve the goals we have set for ourselves, push new boundaries, and simply be happy!

Happy New Year, friends!

Happy New Year!

As the New Year’s Eve is approaching, MonolithosDAO congratulates you, wishing you success, well-being, and great revenues!

2020 has been marked by not only an unprecedented surge in BTC growth over the final weeks, but also the DeFi boom and the beginning of Ethereum 2.0 launch. In 2020 a lot of interesting projects came into being, among them — MCR cryptoruble, and its MDT governance token by MonolithosDAO.

We have already done a lot in developing this project, and there is even more work ahead of us! In January we will continue hosting DeFi-themed webinars and introduce to you a number of interesting cases. On top of that you will get pleasantly surprised with quite a few other things! Keep watching our social media feed.

Happy New Year!

Stability Fee Reduced to 0.1%!

The MonolithosDAO governance token holder vote has come through! MDT holders have decided to reduce stability fee on collateral that used to be 4.00% per year.

The fee will be reduced to 0.1% per year!

The vote has been recorded on the Ethereum blockchain https://etherscan.io/tx/0xe6e15bceee3c0cb660d41d8d5a13fae844da3146b6404bbba4c7d61d22b6ecd8

MDT Holders To Vote To Reduce Stability Fee

MonolithosDAO has launched the first vote for its governance token holders that will decide whether or not to reduce the stability fee.
Currently the fee sits at 4.00% of collateral per year. If MDT holders decide to go through with the reduction, it will drop to 0.1% per year, making the process of creating crypto rubles even more beneficial.

If you’re an MDT token holder — participate in the vote at the following link https://governance.monolithos.pro/

Profit With MCR Using Curve-F (3Crv)

• Profitability — over 15% (twice as much as bank deposits)
• Profit paid in stable coins
• As dollar strengthens, you profit grows

Monolithos DAO is a project that makes entering DeFi an easy task! If you have already heard about decentralized finance, but still unsure about where to start — this is your chance! We offer a very simple strategy of getting profits from various assets using MCR and the 3Crv token, which consists of three most popular stable coins: USDT; DAI and USDC.
The profits are also paid out in stable coins! Which means that you make money on both DeFi and also the increasing value of the dollar (which, analysts say, may reach 90 and even 100 roubles by the end of the year).

An in-depth description of the strategy that will help you make over 16% return on investment (as per 23 November 2020) is available at the following link https://monolith.money/investment
If you have no time to read, watch the video walkthrough on our YouTube channel https://youtu.be/kgOG9QH0YIA

Win Money Prizes With Monolithos DAO And Bitzlato!

Today we’re launching the Fattest Banker Giveaway by MonolithosDAO and Bitzlato. The prize pool is $5000, and you can be the one who wins! All you need to do is open a vault and generate MCR tokens. The more the better...

Participants who GENERATE the most MCR tokens stand to win:

1st place: $ 1500
2nd place: $ 1000
3rd place: $ 500

Three more prizes of $500 each will be raffled among the rest of participants with the help of a randomizer.

Don’t want to generate tokens? You still have a chance to win: $250 will go to two random participants who leave a comment under the content announcement post, like and repost it on any of our social media!

The prizes will be given out in the MCR cryptocurrency, as a gift in the Bitzlato bot

The giveaway will run starting 23 November 2020 through 22 December 2020.

On December 22 we will stop registering vaults for the giveaway and announce the winners on 6 January 2021. To participate in the giveaway, your vault must qualify on the following: no less than 5000 MCR generated, and the vault must remain open for no less than 14 days.

If you still have questions — don’t hesitate to ask!

Do You Know About DeFi As Much As We Do?

In today’s post we would like to remind you that MonolithosDAO is a DeFi project, which means that to get the most benefit, you need to know more about DeFi!
In the Blog => Analytical Materials section on the monolith.money website we have prepared some key information about decentralized finance:
➡️ What is decentralization?
➡️ What do users get from decentralization?
➡️ What is ETH?
➡️ What are ETH smart contracts?
➡️ What is DAO?
➡️ What is DeFi?
➡️ What is the point of DeFi?
➡️ How are DeFi currencies different from other crypto?
➡️ Where is DeFi used?
➡️ DeFi strengths and weaknesses
➡️ How to earn DeFi tokens?

Follow the link https://monolith.money/en/blog and learn more! Besides, you will need this knowledge very soon, we have prepared something quite interesting for you!

How Old Is The Idea Of Decentralisation?

Did you know that the idea of decentralization was being discussed ever since the French Revolution?

A French 19-century political scientist Alexis de Tocqueville suggested to transition away from centralized control in an effort for citizens to resist violation of their liberties and subjugation from the bureaucratic government. He believed that those who seek to unite for the sake of the common good, will get a lot of benefits from decentralization. And he wasn’t wrong!

Decentralization is more than just a catchy word. It’s the future. It’ll bring revolutionary changes to finance, technology and politics. Today, together with you, we are pioneering this revolution!

MonolithosDAO is a fully decentralized project, and the MCR stable coin that grants its holders all the privileges that come with DeFi projects! Very soon we will present a few interesting ways of income generation using MCR, so stay tuned!

Why is it believed that the up-and-coming DeFi market is promising?

Everyone who is observing the cryptosphere can’t but notice how rapidly it is developing in comparison with traditional economy with its principles that have stayed the same throughout thousands of years. In 2008, Bitcoin got in the game, and it was a landmark event. Today, 12 years later, BTC is no longer considered state-of-art. More advanced projects working on blockchain technology are emerging – fast, smart, reliable, and easy to use even for newbies. Let's see why the decentralized finance market is one of the most exciting areas today.

The goal of decentralized financial platforms is to completely overhaul the traditional system of monetary transactions in the most open and seamless manner possible. Many are fascinated by this area because of the ability to create and launch censorship-resistant products, as well as because of the interesting and promising technology that opens up a huge scope for experimentation.

DeFi is sometimes referred to as "LEGO money" for its modularity. By connecting different decentralized applications, you can create completely new projects, simultaneously increasing their user-friendliness, and maximizing your profit.

Why is blockchain innovation so important? Above all, decentralized finance thrives in settings without regulatory oversight. This ensures complete protection of personal life. One of the main challenges on the way to global blockchain development is the hostile environment of outdated laws and regulations, and some DeFi projects have already failed because of this.
The bright future of the blockchain and the decentralized finance market is also confirmed by the interest from large players, such as investment funds and financial institutions. Dozens of banks have already started to work with decentralized funds management in one way or another.

Finally, against the backdrop of the pandemic in 2020, with the stocks of almost all global companies falling, DeFi offers excellent opportunities for safe and high earnings. If you want to learn more about DeFi, our website features a set of crash course cards that will help you with that! https://monolith.money/en/blog

New Trading Opportunities On Top-changer.com

A cryptocurrency exchanger service Top-changer.com now features new coins! You can buy MCR using the following stablecoins:

Tether (USDT)
USD Coin (USDC)
TrueUSD (TUSD)
Paxos Standard (PAX)

We would like to remind you that all transactions require zero registration or verification — simply click the link and start trading! https://top-changer.com

Now you can find information about MonolithosDAO, MCR and MDT on #BitcoinWiki – an encyclopedia about blockchain, exchanges, mining and other digital technologies. This is an open access multi-language Internet wiki-like encyclopedia with free content.

➡️ The article about MonolithosDAO is available at the link: https://en.bitcoinwiki.org/wiki/MonolithosDAO
➡️ The article about MCR is available at the link: https://en.bitcoinwiki.org/wiki/MCR_stablecoin
➡️ The article about MDT is available at the link: https://en.bitcoinwiki.org/wiki/MDT_(Management_Token)

MonolithosDAO features a private forum for MDT token holders — https://forum.monolithos.pro.

There you can keep track of the project’s news, discuss ideas and share your suggestions about Monolithos development.

Any MDT governance token holder can register and become a full community member. If you missed the MDT token sale – you can buy some now on Uniswap and 1inch.

Monolith Website Design Update

We have great news for you — we have redesigned our website at https://monolith.money! It has become even more convenient to use. The rework concerned both its visuals and features:

➡️ Its design is now more visually pleasing;
➡️ The website now features "Blog" section where you can find the latest project news;
➡️ "What is DeFi?" informational cards are now up.

Visit https://monolith.money and see the redesign for yourself — we will be grateful if you share your opinion in the comments below!

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!

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!

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.

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.

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.