Monoreto (MNR) ICO Review

mehedi220 (27)in #steemit • 6 years ago

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.

What Problems Does Monoreto Seek To Solve?

There are a number of cryptocurrency projects seeking to solve issues with existing social networks. Which problems is Monoreto trying to solve? Here are some of the problems mentioned in the Monoreto whitepaper:
• Centralized social networks do not monetize the content of their users; users do not receive compensation in exchange for the value or content they provide to the platform
• Social network users have little incentive to participate in the platform; there’s no reason to post on Facebook, for example, when you can just “lurk” instead
• Social networks are filled with advertisements, making it difficult for social media users to find genuine content amidst so many ads; many people are leaving social media networks because of the excessive number of advertisements
• Content theft on social media networks is common, and the copyright owners of music, films, photos, and books face difficulty removing their own content from social media; someone might generate millions of views from unoriginal content, for example, that they stole from the original content creator
Ultimately, the big issue Monoreto is trying to solve is that today’s social networks don’t encourage innovation or creativity. Even a talented creative professional has little reason to upload content to existing social media networks. Monoreto wants to solve that problem.
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.

Monoreto Benefits For User

• 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

Pay To Like Photos For User ?

Liking content published on the social network rewards and promotes the author of that content and promotes his account in the newsfeed. The more likes a user gives, the higher his photos will be displayed in the feed. In liking content, every user participates in a competition of predications. Victory or a high ranking will guarantee a solid cash prize. Predications are accepted in every category that content on Monoreto is divided. The top winners (those who have given the highest number of likes) in each category will receive prizes. Monoreto will make it possible to effectively promote brands and companies. Annoying ads won’t be needed anymore! Now all that needs to be done is to post quality content in relevant categories and attention from users participating in the prediction contests is guaranteed. Promotion can also be paid for by tokens.

Effective Method of Keeping a Blog

Creating original content takes a lot of time and effort for bloggers. The main source of monetization of resources used by them remains advertisements for goods and services. But ads often come across as annoying or are met with the decision from subscribers to “Unsubscribe!” Sometimes bloggers, especially those with a small audience, end up having to advertise questionable goods and services in order to make money. Monoreto helps bloggers free themselves from dependence on advertising since popularity is something that will also result from a large number of monetized likes. Monoreto also helps foster relations between bloggers and subscribers with less annoying advertising in posts and a more loyal audience. This all goes for live broadcast videoblogs as well as regular blogs. The majority of bloggers have live broadcasts and get a large number of likes for them. Even though some services like Twitch give the opportunity to include Internet resources for monetization of the stream, Monoreto offers its own solution to give rewards from subscribers to bloggers in the form of a backed cryptocurrency. The ICO countdown has already begun for this token.

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.

How Monoreto Blockchain Social Network Coin Works
Monoreto aims to solve all of the problems listed above by “creating the world’s first generous social network for every user on the planet.”
The key feature of Monoreto is that users receive MON tokens for each like they receive. Every time you post a photo, video, or update on Monoreto, you have the opportunity to earn real money for each “like” you receive.
The goal of implementing a paid-like system is to increase the significance and value of likes. Likes are no longer just an arbitrary way to recognize someone’s accomplishments on social media. They’re a way to transfer genuine value.
The cost of a like in MON tokens will be the USD equivalent of 5 cents ($0.05). In other words, you’re going to need to spend $0.05 every time you like something on Monoreto.
All Monoreto transactions take place using special wallets connected to personal user accounts. It will be possible for users to convert received MON tokens to cryptocurrencies like bitcoin, Ethereum, and others. You can also convert MON tokens to the other Monoreto token, MNR, which is available for purchase during the ICO.
Monoreto aims to function like a blend between Facebook, Twitter, and Instagram. It will have core social networking features like live video broadcasting, a timeline of posts from people you follow, and the ability to comment on content. Your network will likely consist of more than just people you personally know, however: Monoreto is building itself as the ultimate blogging platform, allowing people to share their creative skills with the world.

Why Monoreto Different With Other Social Network?

Every Monoreto user will get the opportunity to earn money for managing his personal account. Posting quality photo and video content will allow users to earn cash rewards along with likes from followers and other people. Users will also be able to rate other content with the help of likes if this will promote their accounts in the newsfeed. This will lead to posts getting more likes from the same users. Unlike most other social networks, Monoreto will see winners among not only those who gain popularity but also among those who are sincerely ready to support authors of quality content.

Monoreto Features

In addition to the “paid likes” feature, Monoreto will implement a number of social media tools. The goal is to make communication even easier and more convenient. Some of the tools available through Monoreto will include:
• Improved timeline of posts with photos and videos
• Comments on posts that allow you to keep in contact with followers
• A stories function that allows users to create photos and 10-second videos overlaid with text, emojis, and handwritten notes
• Live broadcasts, similar to Facebook Live or Instagram Live
• The ability to earn MON tokens in exchange for posting quality text, photo, or video content
• Online video quizzes with cash prizes, similar to how HQ Trivia works (Monoreto specifically mentions HQ Trivia in its whitepaper)
• A “Photobank” where users can post their work for commercialization
• Advertisers can post quizzes and other content on the platform, then reward users for participating
• A lottery for the top donators, including a lottery among users who gave paid the most “likes
How Monoreto Blockchain Social Network Coin Works

Monoreto aims to solve all of the problems listed above by “creating the world’s first generous social network for every user on the planet.”
The key feature of Monoreto is that users receive MON tokens for each like they receive. Every time you post a photo, video, or update on Monoreto, you have the opportunity to earn real money for each “like” you receive.
The goal of implementing a paid-like system is to increase the significance and value of likes. Likes are no longer just an arbitrary way to recognize someone’s accomplishments on social media. They’re a way to transfer genuine value.
The cost of a like in MON tokens will be the USD equivalent of 5 cents ($0.05). In other words, you’re going to need to spend $0.05 every time you like something on Monoreto.
All Monoreto transactions take place using special wallets connected to personal user accounts. It will be possible for users to convert received MON tokens to cryptocurrencies like bitcoin, Ethereum, and others. You can also convert MON tokens to the other Monoreto token, MNR, which is available for purchase during the ICO.
Monoreto aims to function like a blend between Facebook, Twitter, and Instagram. It will have core social networking features like live video broadcasting, a timeline of posts from people you follow, and the ability to comment on content. Your network will likely consist of more than just people you personally know, however: Monoreto is building itself as the ultimate blogging platform, allowing people to share their creative skills with the world.
•
Business Advertising

The modern reality of promoting a business goes beyond classical advertising tools like billboard ads and TV commercials. Even contextual banner ads and YouTube commercials are losing their effectivity. Users install programs that block ads and skip through commercials after 4 seconds even if they give interesting information in a quality format. If a business wants people to talk about it today, quality and interesting content that will be popular needs to be created. Users will distribute content they come across on the network themselves and businesses won’t have to pay for ads directed at consumers. But at the beginning even very interesting content requires both support and circulation.

Development Plan for the Platform

A bonus for the first 500,000 users of Monoreto in the amount of 23% of the total pool of MON tokens is planned as part of the initial launch of the social network in order to stimulate development of the platform. Our team will continue improving mechanisms used for direct advertising and the smart feed where direct marketing is developed. This part of the platform is oriented towards working with large suppliers of advertising services. After the initial market is created, continued marketing efforts will be directed at a steady increase in the number of participants in the ecosystem.
Fundraising Campaign and Token Distribution Fundraising Campaign Plan The Monoreto development team is currently working on the platform and preparing a fundraising campaign. The MNR app token will be released under the ERC-20 standard with limited release in order to hold the fundraising campaign. Distribution of tokens will be done by a smart contract. Raised funds will be used to launch the platform and to develop it further, to finance advertising and marketing, and to regulate the platform’s operation.
The distribution campaign for MNR ERC-20 tokens (pre-ICO) is scheduled to start on 10 May 2018 and continue to 10 June 2018. MNR tokens available during the pre-ICO period will be distributed no later than 1 month after the crowdfunding campaign begins or until the pre-ICO hard cap is reached. The campaign’s launch date will be posted on the monoreto.com website, on social networks, and on other channels.
Pre-ICO Soft Cap: $200,000 Pre-ICO Hard Cap: $800,000 During the pre-ICO, distribution of 6% of tokens with a 50% discount from the ICO price excluding ICO discounts (2.5 cents) is planned. If the pre-ICO soft cap isn’t reached, all funds raised will be returned. If the soft cap is reached, an ICO will be held and is scheduled to take place from 15 August 2018 to 30 September 2018. ICO Soft Cap: $1,000,000 ICO Hard Cap: $15,000,000 57% of tokens are planned to be distributed during the ICO with discounts depending on when the tokens are purchased. If the ICO soft cap is not reached, all funds collected during the ICO will be returned.

Token Details

Token: MNR

PreICO Price: 1 MNR = 0.025 USD
Price: 1 MNR = 0.05 USD
Bonus: Available
Platform: Ethereum
Minimum investment: 0.1 ETH
Soft cap: 200,000 USD
Hard cap: 800,000 USD
Pre-ICO start and finish dates: 10 May 2018 – 10 June 2018
ICO start and finish dates : 15 August 2018 – 30 September

BONUS
Pre-ICO bonus - 50% (10.05 -10.06)
ICO bonuses - up to 20% (15.08 - 30.09):
15.08 - 20%
16.08 - 17.08 - 15%
18.08 - 28.08 - 10%
29.08 - 10.09 - 5%
11.09 - 30.09 - 0%
Tokens for sale | 500,000,000

Token Distribution:
• 23% to initial platform users
• 11% remains the company’s share
• 3% used for bounty prizes
Roadmap

Website: http://monoreto.com/
Whitepaper: http://monoreto.com/resources/Monoreto_WP_ENG.pdf

Conclusion

Monoreto is a new social network with several novel concepts. The first and biggest change with Monoreto is the fact that users pay for “likes”. You spend Monoreto’s native MON tokens on likes. That gives each “like” a value of approximately $0.05. Content creators are encouraged to join the platform and begin blogging to collect likes.
Monoreto also comes with social media features like livestreaming, live quizzes, innovative advertising models, the ability to upload photos and videos, and more.
Monoreto isn’t entirely built on blockchain technology. Instead, Monoreto is an app that uses the NEM blockchain as a payment processing tool.
To learn more about Monoreto and its upcoming pre-ICO and ICO, visit online today at Monoreto.com.

Team
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