Press Release

MONORETO – Blockchain Social Network, With Monetization of Likes

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Social media platform has become a part of human life wherever and whenever. People today are very fond of interacting with the use of social networks. Currently there are more than 2.3 billion users of social media, and may be increasing in the next year. Social media will continue to play an important role in life. Any activity done by most people tends to lead to the use of social media. For example when we want to share some pictures, share stories, videos, etc. However, what benefits can we get from sharing something in social media?

Especially for those of you who like to spend time in social media, this is what makes Monoreto present as a solution for social media users who are happy and active to share in social media and benefit. By using Blockchain based social network, Monoreto wants to provide new experiences and awards for social media users. With Monoreto platform, everyone can get rewards for their unique content and creating a social network with monetization of likes. The Monoreto team offers an innovative platform that help all its users earn from using it. Initial Coin Offering, fundrising with cryptocurrency, creates a new project in social media network with many advantages. Monoreto can be the best choices to get many advantages in using 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.

ICO Detail

Category:  Social Network
Project Type:  Token
Platform:Ethereum  Ethereum
Jurisdiction:  Singapore
PreICO Price: 1 MNR = 0.025 USD
Price: 1 MNR = 0.05 USD
Minimum investment: 0.1 ETH
Soft cap: 200,000 USD
Hard cap: 800,000 USD



ANN Thread | Website | Whitepaper 


Author
Bitcointalk Profile: Pixmartz
ETH Address: 0xa38370065430E1c101A339f0c779D52685c754D7


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