MCR trading has started?
yes, yesterday
Topic: Monolith - the first decentralized ruble stablecoin - page 9. (Read 2045 times)
Applied for withdrawal how long will it take?
All applications created and confirmed by email will be processed within a day
MCR trades are open on the site https://land.monolith.money/
Is today the last day of your tokensale?
Yes right. Sale ends at 14-00 UTC
By the way, how many tokens were sold?
Follow the news, all information about the MDT sale will be published in addition
MCR token sale is over?
You're confusing MCR and MDT
I thought this was about the crypto ruble
So it is, but the tokensale was MDT
What is MDT?
MDT is a cryptocurrency of the Monolithos DAO network. MonolithosDAO is an Ethereum blockchain smart contract platform. The goal of the project, built on the principle of a Decentralized Autonomous Organization (DAO), is to create stability in the world of decentralized things. This stability is implemented through MDT — an ERC-20 standard token, which allows you to use it in all the most popular Ethereum wallets (Metamask, Mist, MEW, etc.).
MCR token sale is over?
You're confusing MCR and MDT
When will MCR trading start on Land? You said after the end of the sale MDT.
The trading will be launched soon, follow the news
When is that?
Tomorrow the trading will be open, but we will post news here
When will MCR trading start on Land? You said after the end of the sale MDT.
The trading will be launched soon, follow the news
Is today the last day of your tokensale?
Yes right. Sale ends at 14-00 UTC
What financial bonuses MDT holders receive?
1. They can redeem the MCR cryptoruble for their MDT lower the market price.
2. After each purchase of MCR coins, the MDT that were paid for them are burned, their quantity is decrease.
3.The Uniswap ETH-MDT pool also raises the MDT price!
Tell more detail on the first point.
Holders of MDT tokens have a chance to buy MCR, which are generated as a result of the penalty for selling bail. And the price for them, in this case, will be as much 5–10% lower than the market price!
Is there any information whether there will be a listing on any exchanges of the MDT token?
Yes. The team is negotiating with several exchanges, now we are focused efforts on decentralized and p2p exchanges.
What financial bonuses MDT holders receive?
1. They can redeem the MCR cryptoruble for their MDT lower the market price.
2. After each purchase of MCR coins, the MDT that were paid for them are burned, their quantity is decrease.
3.The Uniswap ETH-MDT pool also raises the MDT price!
Tell more detail on the first point.
Holders of MDT tokens have a chance to buy MCR, which are generated as a result of the penalty for selling bail. And the price for them, in this case, will be as much 5–10% lower than the market price!
What financial bonuses MDT holders receive?
1. They can redeem the MCR cryptoruble for their MDT lower the market price.
2. After each purchase of MCR coins, the MDT that were paid for them are burned, their quantity is decrease.
3.The Uniswap ETH-MDT pool also raises the MDT price!
Can the MDT token, when diluted, cover all MCRs if their cost becomes zero?
An event in which the Collateral asset loses all value is considered a Black Swan, which is defined as an unprecedented, unexpected, and catastrophic situation. It makes it very difficult to predict the likelihood of severe threats to the system. There is no guarantee that the dilution of MDT will always be sufficient.
Diluting MDT can recapitalize the system to a specific limit. It is crucial to consider the severity of the situation. If it is high enough, MDT holders may consider an emergency shutdown appropriate, which will result in the MCR being proportionally eligible for the protocol manufacturer's software portfolio.
What opportunities to earn do MDT token holders have?
1.Participation in Flap auctions
2.Earnings on the MDT rate relative to ETH. Since with the correct
when managing the system, the more frequent auction should be Flap, when when the number of issued tokens decreases, which is natural this way increases the price of the token.
And the MDT token can be invested at a percentage? Or is it purely for trading and management?
Although technically, MDT can be used as collateral, there are reasons why this is undesirable.
MDT is intended to be used as a recapitalization source for the protocol. This means that the MDT acts as collateral of last resort to absorb losses that exceed the expected losses from the collateral contained in the vaults. If MDT is used as the first instance collateral, i.e., as collateral secured in the vaults, this will deprive it of effectiveness as collateral of last resort.
A negative feedback cycle will occur in the scenario when a fall in the price of MDT will cause the liquidation of the vaults provided by MDT, which will subsequently cause downward pressure on MDT price. While liquidation pricing pressure is a risk applicable to any type of collateral, systemic risk using MDT is potentially higher, since a drop in the price of MDT directly reduces the amount available for the recapitalization of all types of collateral under the MonolithosDAO protocol. The downward spirals in the MDT price also make the MonolithosDAO protocol more vulnerable to management attacks, making the cost of buying enough MDT to vote for an attacker-friendly change more affordable. Besides, if both systemic bad debts and MDT repositories were liquidated at the same time, they would become self-repairing, increasing the risk of a severe fall in the value of MDT and reducing its effectiveness as collateral of last resort.
Finally, there is the circular funding argument. The value of MDT is related to the total amount of MCR in circulation. An additional MCR generated from MDT storages will create a positive feedback cycle concerning the price of MDT, which will create even more MCR from these storages. This behavior increases systemic risk.
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!
I do not understand how the volume of trading on p2p platforms, where people withdraw money for a living, where you can only pay in rubles, is related to the consideration of the ruble as a means of accumulating funds.
On p2p platforms, people not only conclusion, a living, but also keep liquidity for trading and earning money.
Where can I learn more about the project?
Join the telegram channel chat to stay up to date with the latest updates. The documentation, white paper, and code base of Monolithos are publicly available on Github. You can also find more information about the project on the monolith.money website.
Give me Github link please
https://github.com/monolithos/
I'm new to the crypto world, tell me what is DeFi?
DeFi are financial instruments in the form of services and applications created on the blockchain.
Where can I learn more about the project?
Join the telegram channel chat to stay up to date with the latest updates. The documentation, white paper, and code base of Monolithos are publicly available on Github. You can also find more information about the project on the monolith.money website.
Give me Github link please
https://github.com/monolithos/
Where can I learn more about the project?
Join the telegram channel chat to stay up to date with the latest updates. The documentation, white paper, and code base of Monolithos are publicly available on Github. You can also find more information about the project on the monolith.money website.
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
When will MDT be Listing on Uniswap?
Already done! MDT token available on Uniswap on from August 3, 2020.
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