Here you can find answers to most common questions. If you need more information, please, join our Telegram channel.
How does this cryptocurrency differentiate itself from others?
Monin distinguishes itself from other cryptocurrencies in several key ways:
- Closed Community and Enhanced Security: Monin operates as a closed community of registered users, offering exclusivity and added protection from fraud and money laundering. By limiting access to registered users, we prioritize security and foster a trusted environment for trading.
- Unique Pricing Model: Unlike traditional cryptocurrencies, Monin implements a unique pricing model where the value increases by $0.01 daily. This innovative approach provides investors with a guaranteed daily profit, offering stability and reliability in an otherwise volatile market.
- Independent P2P Exchange: Our community features its own peer-to-peer (P2P) exchange platform, where users can trade Monin directly with each other. This decentralized exchange ensures fair and transparent transactions, free from the risk of rate manipulation often associated with centralized exchanges.
These are just a few of the many innovative approaches we’re taking to make Monin stand out from other cryptocurrencies. Our commitment to security, transparency, and investor profitability sets us apart in the rapidly evolving world of digital finance.
What is the total supply of this cryptocurrency?
The total supply of Monin is 90,000,000,000 tokens. However, these tokens are released to the exchange in controlled increments. Initially, a portion of 200,000 Monin tokens will be made available for purchase. The remaining tokens will be securely stored in the main account and will only be released as needed, based on demand and market conditions.
It’s important to note that the total supply serves as a representation of the full monetary capability of our cryptocurrency and is for informational purposes only. Our primary goal is not to flood the market with Monin tokens, but rather to ensure a balanced and sustainable ecosystem.
After the initial release, additional portions of Monin tokens will be made available gradually, depending on user demand. If users choose to purchase and hold Monin for extended periods, and if there is insufficient supply on our P2P platform, small increments of tokens may be released from the full supply to meet demand.
The decision to release Monin tokens from the full supply into circulation will be carefully considered by the board and will only be done if deemed necessary to maintain a healthy and vibrant ecosystem. We are committed to responsible token distribution and ensuring the long-term success of Monin.
How is the value of cryptocurrency determined?
The value of Monin is determined by its unique pricing model, where the price increases by $0.01 daily. This daily increase is announced by the Monin team and provides investors with a guaranteed profit. It’s important to note that this daily increase is a fixed amount and will not decrease over time. While the daily increase may eventually be adjusted, any changes will be gradual and carefully calculated. In the future, after a period of 5-10 years, the daily increase amount may be raised to $0.02 or $0.03, based on mathematical formulas designed to ensure significant income for new users after the initial purchase of Monin tokens. These adjustments will be made thoughtfully and with the goal of maximizing benefits for our community of investors.
Will Monin Exchange rate ever be $70,000 or more for 1 Monin?
No, it is not our goal for the exchange rate of Monin to reach $70,000 or higher for 1 Monin. According to our mathematical calculations and to maintain a healthy monetary system, such a drastic increase is not feasible or desirable.
However, it’s important to emphasize that Monin remains the most profitable cryptocurrency with its unique guaranteed daily price increase. While the exchange rate may not reach such extreme levels, investors can still benefit from the assurance that they will always receive more money than they initially invested. This commitment to profitability and stability sets Monin apart in the world of cryptocurrency.
What are the risks and benefits of investing in cryptocurrency?
Investing in Monin carries the potential for profit through its guaranteed daily price increase. However, like all investments, it also comes with risks such as regulatory changes.
While we are confident in Monin and its future prospects, it’s important to remember the golden rule of investment: never invest more than you can afford to lose. We encourage responsible investing and caution against taking unnecessary risks.
To mitigate potential risks and promote financial responsibility, we have implemented certain safeguards. For instance, we discourage users from taking bank loans to invest in Monin. Additionally, we have imposed a cap of $10,000 for purchasing Monin tokens. This means that each user can only buy Monin tokens for up to $10,000 every 3 months.
This measure serves multiple purposes. Firstly, it helps to ensure that individuals do not make unwise decisions by borrowing money to invest in Monin. Secondly, it helps to prevent malicious actors from purchasing large quantities of Monin tokens with the intent to manipulate or destabilize the market.
By promoting responsible investing practices and implementing safeguards, we aim to create a safe and secure environment for all Monin investors.
What are the risks associated with investing in this cryptocurrency?
Risks associated with investing in Monin include regulatory changes and potential security vulnerabilities.
As with any investment, it’s important to carefully consider the risks involved before making a decision. Regulatory changes, in particular, can impact the value and legality of cryptocurrencies like Monin. Additionally, potential security vulnerabilities could pose risks to investors’ funds.
We encourage individuals to conduct thorough research and seek advice from financial professionals before investing in any cryptocurrency. It’s essential to only invest an amount that you are willing to risk, and to make informed decisions based on your own financial situation and risk tolerance.
By exercising caution and making informed choices, investors can better protect themselves from potential risks in the cryptocurrency market.
How liquid is this cryptocurrency? Can I easily buy and sell it?
Monin’s liquidity varies depending on market demand. However, it can typically be bought and sold on the official exchange platform.
What are the fees associated with buying, selling, and holding this cryptocurrency?
There are several fees to consider when engaging with Monin:
- Transaction Fee (Gas Fee): When transferring Monin to another wallet, a transaction fee, also known as a gas fee, is charged. As Monin operates on the Polygon Network, transaction fees are typically paid in MATIC tokens. These fees can range from $0.08 to $0.30, depending on network congestion and the time of day. Please note that this information is accurate as of April 2024 and may be subject to change.
- P2P Trading Fee: When trading Monin on our peer-to-peer (P2P) platform, a $1 fee is charged for each transaction, regardless of the transaction amount. This fee ensures the sustainability of our platform and covers operational costs. However, it’s important to note that this fee is borne solely by the seller of Monin. Buyers do not incur any additional fees. For example, if you sell a minimum of 50 Monin, the fee is equivalent to no more than 1.1% of your total transaction amount.
- Holding Fees: As of the current date, there are no holding fees associated with owning Monin. You can hold your Monin tokens in your wallet without incurring any additional charges.
- Taxes and Bank Fees: Additionally, please consider any taxes or bank fees that may be applicable to you personally. Monin is not responsible for these fees, and it’s important to consult with a tax advisor or financial professional to understand your individual tax obligations.
By being aware of these fees and considering them in your investment strategy, you can make informed decisions and maximize your potential returns with Monin
How accessible is the cryptocurrency to users worldwide?
Monin is accessible to users worldwide, enabling individuals from diverse regions to invest in and trade the cryptocurrency. However, there is one key requirement: users must be able to acquire USDT (Tether) coins, as Monin is traded against USDT.
Acquiring USDT coins can vary depending on the country of residence and individual preferences. Users are encouraged to conduct their own research to find suitable methods for purchasing USDT in their respective regions. This may involve utilizing cryptocurrency exchanges, peer-to-peer platforms, or other means available locally.
By ensuring accessibility to USDT, Monin strives to provide a seamless experience for users worldwide who wish to participate in the Monin ecosystem and benefit from its unique features.
Why is the exchange rate calculated to USDT and not US Dollar?
Our official exchange rate is calculated to US Dollar to ensure that users from around the world can easily understand and compare rates. The US Dollar is widely recognized as one of the most stable and widely accepted currencies globally. As long as the US Dollar maintains its stability, our exchange rate will remain pegged to the US Dollar.
In the cryptocurrency world, USDT (Tether) is a digital asset that is designed to maintain a value equivalent to the US Dollar. Currently, 1 USDT equals 1 US Dollar. By utilizing USDT, we can provide stable exchange rates without deviation, ensuring consistency and transparency for our users.
It’s important to note that if USDT were to lose its ties to the US Dollar in the future, we would select a different cryptocurrency that maintains a stable value to serve as the reference currency for our exchange rate calculations. This approach helps to uphold the reliability and integrity of our exchange rates in the dynamic cryptocurrency market.
How do I securely store this cryptocurrency?
Currently, Monin tokens are stored using Metamask wallets. Metamask is a trusted, multiplatform wallet known for its security features and user-friendly interface. It provides a convenient way to store, send, and receive Monin tokens securely.
To ensure the security of your funds, it’s essential to practice caution and follow best security practices. Never share your personal passwords or private keys with anyone, including members of our team. Our team will never ask you for your Metamask password or passkeys.
Please be aware that the security of the funds in your wallet is your personal responsibility. We cannot reimburse or replace any lost Monin tokens if you lose access to your wallet or if your tokens are compromised due to security breaches.
By taking proactive measures to safeguard your wallet and practicing good security hygiene, you can protect your investment in Monin and minimize the risk of unauthorized access or loss of funds.
What are the potential regulatory changes that could affect this cryptocurrency?
Potential regulatory changes that could affect Monin include changes in cryptocurrency regulations, tax laws, and compliance requirements.
How does this cryptocurrency comply with anti-money laundering (AML) and know your customer (KYC) regulations?
Monin complies with AML and KYC regulations by implementing measures such as identity verification for users and monitoring transactions for suspicious activity.
Can I earn passive income by staking or lending this cryptocurrency?
While Monin does not currently offer staking or lending options for passive income generation, there are still opportunities to increase your overall portfolio value by purchasing and holding Monin for an extended period.
By storing Monin for the long term, investors can benefit from the guaranteed daily price increase of $0.01. This means that over time, the value of their investment will steadily grow, providing a source of passive income.
For example, let’s consider the following scenarios:
- If you purchase 50 Monin for $1 each, after 90 days, the value of your investment would be $95, as the price of Monin would have increased to $1.90. This represents a profit of $45 on your initial investment.
- In one year, the price of Monin could potentially increase to $232.50 for 50 Monin tokens, resulting in an additional profit of $182.50 on your initial $50 investment.
- Similarly, if you purchase 1000 Monin tokens for $1 each, after one year, you could potentially exchange them for $4650, representing a significant return on investment.
It’s important to note that these potential earnings are based on the guaranteed daily price increase of Monin and the principles of mathematics. Our team has dedicated extensive time and resources to select the most profitable and secure mathematical model for our users, ensuring both profitability and safety.
While Monin does not offer staking or lending options, the opportunity for passive income through the steady appreciation of Monin’s value makes it an attractive investment option for individuals seeking long-term financial growth.
Where can I buy Monin? Can I purchase Monin outside of the official exchange place?
Initially, Monin tokens can only be purchased directly from us. Once purchased, you can then buy and sell Monin on our official exchange platform. Monin is not available for purchase outside of the official exchange platform.
This approach ensures that Monin transactions are conducted in a secure and regulated environment, providing transparency and protection for our users. By purchasing Monin through the official channels, investors can have confidence in the authenticity and legitimacy of their transactions.
We are continuously exploring opportunities to expand access to Monin and may consider additional avenues for purchasing in the future. However, for now, we encourage users to utilize the official exchange platform for all Monin transactions.
Are there any tax implications for buying, selling, or holding cryptocurrency?
Tax implications for buying, selling, or holding Monin may vary depending on the jurisdiction of the investor. It is recommended to consult with a tax professional for guidance.
What Crypto Wallet should I use?
We recommend using Metamask as the preferred wallet for managing your Monin tokens. Metamask is a trusted multiplatform wallet known for its security features and user-friendly interface.
To ensure seamless compatibility with Monin, it’s important to note that Monin operates on the Polygon network. Therefore, you may need to add the Polygon network to your Metamask wallet if it’s not already available. You can do this by accessing the network settings within the Metamask wallet and adding the Polygon network using the provided details. If you’re unsure how to do this, consult the wallet’s help menu for guidance.
By using Metamask with the Polygon network, you can securely store, send, and receive Monin tokens with ease, while benefiting from the robust security features and accessibility of the Metamask wallet.
Are there any limitations in purchasing or selling Monin?
To ensure the proper use of Monin and to maximize profitability while minimizing risks, we have implemented several limitations:
- Minimum Purchase Amount: The minimum amount to purchase Monin is 50 USDT. This helps maintain a balance between accessibility and investment size.
- Maximum Purchase Amount: There is a maximum purchase limit of 10,000 USDT every 3 months. For example, if you purchased 10,000 USDT worth of Monin in June, you would be eligible to purchase Monin again in September, regardless of whether you sold the initial tokens or they are still stored in your wallet.
- Selling Limitations: After the initial purchase, Monin tokens can only be sold after a holding period of 90 days. This limitation does not apply to subsequent purchases made after the initial transaction.
- Exclusive Selling Platform: Monin tokens can only be sold on our official peer-to-peer (P2P) platform. Any attempts to conduct exchanges outside of our platform will result in account suspension.
- Authentication Requirement: In order to sell Monin on our P2P platform, users must undergo a verification process, which includes providing a copy of their ID. This authentication process helps maintain security and trust within our platform.
It’s important to note that these rules and limitations may be subject to change in accordance with international or local laws, as well as our own financial strategies. We reserve the right to update these rules as needed to ensure compliance and effectiveness in achieving our goals.
By adhering to these limitations, we aim to create a safe and regulated environment for Monin transactions, promoting transparency and trust among our users.
Is KYC necessary for buying and selling Monin?
Yes, KYC (Know Your Customer) verification is necessary for selling Monin on the official peer-to-peer (P2P) exchange platform to comply with regulatory requirements and ensure security.
Is this a pyramid scheme? Do I have to invite others to be able to get my money back?
No, Monin is not a pyramid scheme. Your revenue is solely based on the amount of Monin you have purchased and the daily exchange rate, without any reliance on recruiting others.
As for inviting others, you don’t have to invite anyone, but you are more than welcome to. Why wouldn’t you want to invite your friends and colleagues to a project where they can earn money on their investment? Sharing information about our project with others can help expand our community and increase awareness of Monin. Additionally, a larger community makes it easier for each investor to sell their Monin tokens on our P2P platform.
Can I mine Monin?
No, Monin can’t be mined. Only way to get Monin – is to purchase it from us.