MoniBooks

 

DeFi Stake and Yield Farming Platform

Introduction

Cryptocurrency is an electronic money created with technology controlling its creation and protecting transactions, while hiding the identities of its users.

Crypto- is short for “cryptography”, and cryptography is computer technology used for security, hiding information, identities and more. Currency simply means “money currently in use”.

Cryptocurrencies are a digital cash designed to be quicker, cheaper and more reliable than our regular government issued money. Instead of trusting a government to create your money and banks to store, send and receive it, users transact directly with each other and store their money themselves. Because people can send money directly without a middleman, transactions are usually very affordable and fast.

To prevent fraud and manipulation, every user of a cryptocurrency can simultaneously record and verify their own transactions and the transactions of everyone else. The digital transaction recordings are known as a “ledger” and this ledger is publicly available to anyone. With this public ledger, transactions become efficient, permanent, secure and transparent.

With public records, cryptocurrencies don’t require you trust a bank to hold your money. They don’t require you trust the person you are doing business with to actually pay you. Instead, you can actually see the money being sent, received, verified, and recorded by thousands of people. This system requires no trust. This unique positive quality is known as “trustless”.

Blockchain is technology for creating permanent, secure digital recordings that don’t rely on any single person or group. Blockchains can record any information, though the first example was created to record bitcoin transactions.

Imagine the blockchain as a book of records. Each page in that book, is a block, and can record anything. Blocks are created one after the other, chained to each other creating what we know as the blockchain.

Multiple blockchain records are maintained simultaneously by many of unrelated individuals and their computers, making it cloud storage on steroids. Updates are seen immediately and manipulation is extremely difficult/impossible. This positive quality known of many people keeping their own copies of the blockchain is known as “distributed”.

There are hundreds of blockchains created by many groups to records all sorts of information including art, medical records, computer information and much more.

But if a blockchain is not distributed among many individuals and instead run by one government, organization, group or person, than it is not at a blockchain at all. A centralized system like that is simply a database.

What Is MoniBooks ?

MoniBooks(MNBKS) is a DeFi Stake and Yield Farming Platform. It is a decentralized staking platform that provides passive income to its investors by distributing rewards to users according to the amount of token staked and the retention time of the tokens on the staking platform. In addition, to yield farming strategies via smart contract, MNBKS provides security services for inexperienced users as a DeFi gateway and shows all on Blockchain to users for transparency purposes. MNBKS can be easily integrated with DEX or other platforms for yield farming infra-structure and commission rebates. MNBKS token can be used for staking, farming, fee rewards, voting and governance in the MoniBooks platforms.

Yield farming is the practice of staking or lending crypto assets in order to generate high returns or rewards in the form of additional cryptocurrency. This innovative yet risky and volatile application of decentralized finance (DeFi) has skyrocketed in popularity recently thanks to further innovations like liquidity mining. Yield farming is currently the biggest growth driver of the still-nascent DeFi sector, helping it to balloon from a market cap of $500 million to $10 billion in 2020.

In short, yield farming protocols incentivize liquidity providers (LP) to stake or lock up their crypto assets in a smart contract-based liquidity pool. These incentives can be a percentage of transaction fees, interest from lenders or a governance token (see liquidity mining below). These returns are expressed as an annual percentage yield (APY). As more investors add funds to the related liquidity pool, the value of the issued returns rise in value.

At first, most yield farmers staked well-known stablecoins USDT, DAI and USDC. However, the most popular DeFi protocols now operate on the Ethereum network and offer governance tokens for so-called liquidity mining.”

Advantages

Minimized Risk

Interest Account aims to give you high-yield returns as fast and as easy as possible. That’s why our new product is one of the most intuitive and accessible in our portfolio.

Passive Income

You are guaranteed to earn a fixed interest on your asset. Watch your savings grow every day, withdraw whenever you want. Money works for you 24/7, even while you sleep.

Withdraw Whenever

Your funds are never locked as it often happens with a traditional bank savings account. You are free to withdraw the funds at any time with a single click.

Hold Score

To generate profitability, HOLD or use the trade option within the exchanges where MNBKS is available! Enjoy the DeFi technology to optimize your earnings.

The Income – What you as a User stands to gain

An ordinary user can get twice as much income on the platform itself as others. The pool of MNBKS-ETH UNI-V2 LP tokens gives more tokens per day. The use of the pool is not limited in time and the contribution from both the minimum and the user’s request.

The company supports its clients and is the guarantor of their investments. The company pays a fixed percentage on the assets of the registered user. MNBKS tokens will be transferred to the community of people who place bets on their tokens.

TOKENOMICS

• Token Name: MoniBooks Token
• Token Type: ERC20
• Picture: MNBKS
• Decimals: 18
• Hard and fast Supply: 550,000.00 MNBKS
• Understanding: 0x1981c31678fb5f427ad3f15ca08f0b1cb0c7504e

DISTRIBUTION

• Treasury : 220,000 (40% : Liquidity, etc)
• Team : 110,000 (20%)
• Private Sale, Auction Sale/Marketing : 220,000 (40% – Private monetary sponsor, airdrops, bounties and advancing/exercises)

For More Information Click Links Bellow: 

• Website: https://www.monibooks.com/
• Telegram: https://t.me/joinchat/G1AYLvmApuVbHkEE
• Medium: https://monibooks.medium.com/
• Twitter: https://twitter.com/MonibooksYF
• Token Sale on:  https://app.bounce.finance/

Author: Foto lama

My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1957113