Monoreto ICO Review – Monoreto is a platform that facilitates the use of social networking

Social media platform has become a section of human life where and whenever. individuals these days square measure terribly keen on interacting with the utilization of social networks. presently there are more than 2.3 billion users of social media, and should be increasing within the next year. Social media can still play a crucial role in life. Any activity done by the general public tends to steer to the utilization of social media. parenthetically once we need to share some photos, share stories, videos, etc. However, what edges will we have a tendency to get from sharing one thing in social media?

Especially for those of you UN agency wish to pay time in social media, this is often what makes Monoreto gift as an answer for social media users UN agency square measure happy and active to share in social media and profit. By mistreatment Blockchain based mostly social network, Monoreto desires to produce new experiences and awards for social media users. With Monoreto platform, everybody will get rewards for his or her distinctive content and making a social network with proof of likes. The Monoreto team offers an innovative platform that facilitate all its users earn from mistreatment it. Initial Coin providing, fundrising with cryptocurrency, creates a replacement project in social media network with several blessings. Monoreto may be the most effective selections to induce several blessings in mistreatment social media.

What is Monoreto?

Monoreto is a blockchain-based social network where everyone can get rewards for their unique content. Monoreto team are creating a social network with monetization of likes.

Social network users can be sorted into three categories:

  •  Professional bloggers, opinion makers, photographers (when creation of content is a source of professional income)
  • Regular users who post quality content but don’t have the opportunity to monetize it
  • Regular users who do not create quality content (or any content at all) but make use of someone else’s product (photographs, posts, comments)

Only a small percentage of users, those included in the first category, are able to monetize their publications by cooperating with brands and companies that promote their services. A significant number of social network users that create high quality and popular content don’t have the opportunity to make money from it (the second category). What happens is that the content earns money for the companies that own the social networks as opposed to the creators themselves.

The overwhelming number of social media users is the audience (the third category). They usually do not create their own content but actively use social networks, ranking and commenting on content posted by others and also communicating with each other. This is the audience that creates the added value of a social network as a product.

Monoreto’s Project Ideology

Each of these user categories needs to have several important psychological and economic attributes:

  • Creative fulfillment
  • Compassion
  • Recognition of talent and professional skills
  • Earning income

Monoreto has been designed to solve the problems had by all three social network user categories. The Monoreto team offers an innovative platform that help all its users earn from using it. Monoreto is a blockchain-based social network where everyone can get rewards for their unique content. How? It’s all very simple. Every like will bring the creator of the photo or video liked at least 5 cents in Monoreto tokens.

Professional bloggers will easily be able to join our social network and earn additional money and users who create quality content but have not received any monetary reward for it can start getting a regular monthly income. Monoreto encourages people to create quality photo and video content and enables talented users to earn from what they produce and be motivated to create more. The most popular content will be highlighted in the Monoreto newsfeed and allow content authors to expand their audience.

Monoreto will help raise funds for charity. For the first time, likes can end up helping save someone’s life or make their dreams come true! The platform can also help raise money to implement business ideas. Our team is also developing a mechanism for Monoreto users to easily publish their Monoreto content on other social networks (Instagram, Facebook, etc.) with a single click. We understand that it’s hard to abandon other social networks. That’s why we are trying to simplify this process as much as possible and create additional value through income
generation.

Why does Monoreto need blockchain?

First and foremost, it will avoid inflation of tokens by limiting the number of them. Secondly, it will ensure security and transparency of the social network and transactions that take place on it. Monoreto team has created a blockchain-based distribution platform called Monoreto. Incentives for being a part of Monoreto come in the form of MON tokens secured by cryptocurrencies for user activity. The Monoreto platform and MON tokens will be created with NEM technology. NEM is an open source blockchain platform supporting smart contracts to process transactions. Cryptographically-protected smart contracts are applications that have complete tracking stored in the NEM blockchain and provide automatic fulfillment of obligations. It’s possible to switch from NEM to a personal platform.

The Monoreto platform will include a classic application in the form of a social network that uses blockchain technology for transactions. This will allow posts to be published for free and provide for secure transactions. The application will interact with blockchain via the chosen blockchain’s API. Every application will get its own unique ID number that will be required when interacting with the site.

How It Works?

The biggest problem of existing social networks is their “ungratefulness” for the efforts made by ordinary users that create content. On existing social networks like Instagram, Facebook, Reddit, Twitter, VK, and many others, users generate quality and unique content without any compensation at all. No users of these popular social networks get
rewarded for their content by the network or other users. Monetization of content through advertising is usually done by hyped bloggers and photographers who decide which advertisers to cooperate with as well as new authors who advertise questionable goods and services to earn money. The structure of most social networks does not value the idea of likes as promotion of the content’s author. This leads users to like things even when they don’t really like the photo or video and also like things for the sake of attracting new followers. But even if the like is legitimate, it still doesn’t bring direct benefit to the author.

To solve this problem, a team of specialists has developed the innovative Monoreto platform. Monoreto is a social network that:

  • Gives every user the opportunity to earn from posting photos and videos
  •  Increases the significance and value of likes and improves the overall quality of content
  • Reduces the need for blogger ads as a monetization method
  •  Makes fake likes and bots unprofitable

The cost of a like in MON tokens will be the U.S. dollar equivalent of 5 cents. If the user wants to thank the author of the content with more than the equivalent of 5 U.S. cents, it will be possible to transfer a greater number of MON tokens with the like. All MON token transactions will be made using special wallets that are connected with personal user accounts. It will be possible to convert received MON tokens to major cryptocurrencies (Bitcoin, Ethereum, and others) in the wallet. Conversion from major cryptocurrencies to MON tokens will also be possible in the wallet.

To solve this problem, a team of experienced Monoreto specialists decided to base their product on a simple and understandable mechanism to promote giving likes. The main point is that both content creators and users get benefits. The more likes the user gives, the higher his own rating on the user chart becomes.

Why everyone must join Monoreto?

The Monoreto social network will offer fast and user-friendly attraction of funds for companies through the monetization of likes. Every Monoreto user can take the role of professional investor, selecting companies and projects and investing MON tokens for development of the business.

Monoreto will help transform investment from a complex and bureaucratic process to the simplicity of just liking a company and automatically transferring MON tokens. Companies will be able to carry out business and advertise on the social network (as is the case with other social networks) and also attract real investment for development and communication with investors, making mutual agreements based upon results of profits from invested funds.

Monoreto Investment is a process that will attract investment into technology start-ups and use MON, Monoreto’s internal token. Monoreto Investment will allow users to invest in projects by liking them. Returns on investment will be delivered with help from contracts that lay out return of likes from the start-up’s account to user accounts after a set period of time.

Monoreto Investment will also allow users to invest in specific projects as well as in up and coming authors (photographers, bloggers) and get a percentage of their earnings in the future. Monoreto offers incentives for top donators.

Progressive solutions of MONORETO

  • Manage your account and earn
  • Like and become popular
  • Raise funds
  • Participate in charity
  • Advertise your business in an effective way

Monero Token – MNR

MNR is available during the token sale. It is ERC20. The development team is considering 2 variants:

  1. a version of the Monoreto project on the Ethereum blockchain with integration of MNR tokens sold during the token sale (then there will be no MON);
  2. a version of the Monoreto project on the NEM blockchain (then MNR will be converted to internal tokens MON in equal proportions after the launch of the platform). In both cases your share will remain the same.

All MON token transactions will be made using special wallets that are connected with personal user accounts. It will be possible to convert received MON tokens to major cryptocurrencies (Bitcoin, Ethereum, and others) in the wallet. Conversion from major cryptocurrencies to MON tokens will also be possible in the wallet.

Token Info

Name : Monoreto
Token : MNR
PreICO Price : 1 MNR = 0.025 USD
Price : 1 MNR = 0.05 USD
Soft cap : 200,000 USD
Hard cap : 800,000 USD
Tokens for sale : 500,000,000

Distribution of Tokens and Collected Funds:

Token Distribution:

• 23% to initial platform users
• 11% remains the company’s share
• 3% used for bounty prizes
• 63% to crowdsale participants

Distribution of collected funds after the Token Sale:

• 50% for development of the Monoreto platform
• 25% for marketing and advertising applications
• 15% for future development of the Monoreto platform
• 10% in expenditure on legal regulations

Roadmap

2017
THE 2ND TRIWULAN
RESEARCH OF SOCIAL MEDIA REQUIREMENTS
  • Market research needs
  • Research launch platform in the international market
  • Design of platform design
TRIWULAN 3RD
MONORETO PLATFORM DEVELOPMENT
  • Development of marketing innovation mechanisms within the Monoreto platform
  • Resolved the question of the technical realization of the platform and its scaling
QUARTER 4th
ALPHA VERSIONS FROM PLATFORM
  • Prepare for the use of blockchain technology in the project
  • Early work on Whitepaper
  • Consultant engagement
  • Project introduction for potential users
  • Development of ITO campaign to raise funds
  • An overview of technology solutions from the platform and its placement
  • Development of media plans and marketing research
2018
QUARTER 1
PREPARATION FOR TOKENSALE
  • The start of a marketing campaign on token sales
  • Monoreto community organization
  • Project presentation and integration into the mass media
KUARTER 2ND -3RD
TOKENS DISTRIBUTION
  • Presentation of the functional core of the platform
  • Starting from fundraising to bring the product to the world market
  • Presentation of projects for token holders at international level
  • Complete the distribution of tokens
  • The beta version of the product
QUARTER 4th
INTERNAL PAYMENT SYSTEM
  • Monoreto Investment
  • Launch escrow system
  • Smart contract in platform
2019
QUARTER 1ST -3RD
EFFECTIVE INTEGRATION AND PROMOTION
  • Open 20% token for the first user of the platform development fund
  • Designing an effective smart feeder tool to promote users
  • Develop a mobile app
  • Translations into additional languages

Advisors

Team

For more information please visit here:
Website : http://monoreto.com/
Whitepaper : http://monoreto.com/resources/Monoreto_WP_ENG.pdf
Bounty Thread : https://bitcointalk.org/index.php?topic=3360750.0
Telegram : https://t.me/monoreto
Facebook : https://www.facebook.com/monoreto/
Twitter : https://twitter.com/MonoretoSocial

My Bitcointalk Name: nazrulislam

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