What Is Monstock (MON)?
Monstock is a prediction platform where you can be rewarded if you succeed in predicting the price of a stock or cryptocurrency. We provide reliable investment information using blockchain technology that cannot be forged or altered. Vote for posts you care about to get investment information and get token rewards.
It creates an investment forecast platform that transforms stagnant and distorted investment information markets through fair valuation of investment forecast information and disclosure of transparent results. Starting with the domestic stock market, it will expand into comprehensive investment services such as evaluation certification, trading functions, and auto trading bot services using NFT along with the expansion of forecast fields for overseas stocks and cryptocurrency.
Monstock Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Monstock |
| Short Name | MON |
| Circulating Supply | N/A |
| Total Supply | 9,948,500,000 |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Blockchain meets investment forecast
Monstock uses the blockchain technology to store information that predicts the future value of investment assets as a smart contract so that forgery and falsification is impossible. The saved investment forecast information is tracked and evaluated whether it is an actual hit, and the hit rate is statistically accumulated by each author and disclosed transparently to everyone.
Monstock Platform Design
It is designed to maximize member participation and provide the greatest reward to the subject of the data. Any member can create forecast content and are rewarded for successful forecasts. They can vote using the Voting Power (VP) in other member’s forecast content without having to create their contents. If the voted content is successful, the members who participated in the voting are also rewarded. Tokens received as rewards build a virtuous cycle, such as being consumed on the platform again through content creation, viewing, etc
Token Matrix
Reward Pool (60%)
It is used as in-service rewards and member recuitment and marketing purposes such as success reward, voting reward, mission reward, signup reward and return authentication reward.
Sale and Liquidity Pool (10%)
Monstock Coin is used for sales such as private sale & public sale, and some is used to provide liquidity to the CEX and DEX markets.
Team Pool (10%)
This is the amount allocated to the team. It is used for rewarding team members for stable operation of the platform and recruiting talents.
Partners and Advisers Pool (5%)
This is the amount allocated to partners and advisors and is used for recruiting advisors and partner agreements.
Reserve Pool (15%)
This is the amount allocated as a reserve.
System Structure
Monstock is a blockchain platform based on Klaytn developed by Ground X, a blockchain affiliate of Kakao. Compared to Ethereum, it is a network that has many advantages such as faster speed and lower gas cost and offers the best features for a platform. The development platform may change depending on the future direction of Monstock’s service and the circumstances of the developing company.
Token Economy
Monstock Coin avoids hyper-inflation and hyper-deflation for the expansion and sustainability of the platform and designs the token economy so that the value of the platform and token can grow in a balanced manner.
sMON
They are tokens used only within Monstock platform and are default currency paid according to platform contribution, such as reading content, etc. They are non-cryptocurrency stored off-chain for ease of use and can be converted to the Monstock token at a ratio of 1:1. sMON has a validity period of six (6) months from the time of issuance or conversion is retired after the validity period.
Monstock Token (MON)
They can be converted by using sMON or obtained by purchasing through exchanges, and are cryptocurrency that can be freely transferred and traded through personal wallets, exchanges, etc. They can be converted to sMON for use within the Monstock platform. They are Klaytn Compatible Tokens issued using Kakao’s Klaytn network.
Monstock Wallet
It is a cryptocurrency wallet included in the Monstock Coin service. Participants can store Monstock tokens and Klaytn in the Monstock Wallet. Voting power (VP) can be obtained depending on the Monstock token’s retention amount.
Article Disclaimer
The Information Presented Here Does Not Constitute Investment Advice Or An Offer To Invest. The Statements, Views, And Opinions Expressed In This Article Are Solely Those Of The Author/company And Do Not Represent Those Of Coinworldstory. We Strongly Advise Our Readers To Do Your Own Research (DYOR) Before Investing In Any Cryptocurrency, Blockchain Project, Or Ico, Particularly Those That Guarantee Profits. Furthermore, Coinworldstory Does Not Guarantee Or Imply That The Cryptocurrencies Or Projects Published Are Legal In Any Specific Reader’s Location. It Is The Reader’s Responsibility To Know The Laws Regarding Cryptocurrencies And Icos In His Or Her Country. Please Respect Your Country Law & Take Advice From Your Advisor .
