MoniBooks — Simple 2 Use Yield Farming Platform
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.
Farming: 1% fee from each transaction is distributed amongst all holders. Percentage received by holders is directly proportional to the amount of token held in wallet at the time of reward.
Every holder automatically receives their own share of the fee. Payment is automated- No central party is assigned with distribution.
The revenues from stake, unstake and farming transactions are distributed to the stakers and a small part of them is burned. Thus, it aims to increase the passive income it provides to its investors by further reducing the supply.
THE PLATFORM
In the MNBKS staking platform, the next node creator or block generator is chosen via a specific formula where the node creator must bet their MNBKS token, so we use random to predict the submission. Create later using the formula to find the lowest hash value associated with the size of the stake.
So we try to achieve fairness instead of POW, where wealthy miners earn all the money. Since the stakes are public, each node can be predicted with reasonable precision that the next account will gain the right to forge the block.
The deposit reward will be provided by MoniBooks dAPP instead of the user who is making the transaction. MoniBooks uses Proof-of-Stake as a consensus mechanism. In Proof-of-Stake, to become a node validator, they need to stake their MNBKS Token in order to be elected as the next node validator. Thus, MNBKS Tokens will be given to the community of people who bet on their tokens.
The structured MoniBooks platform can be connected to a wallet, and investors can easily bet their tokens on the app. In the early phase of the project i.e. on the MoniBooks platform, investors can transfer their tokens to their wallet or another platform at any time without token locking time.
LIQUIDITY INCENTIVE MINING
In MoniBooks, the users can provide liquidity to the stake and farming pool. The user that provides liquidity will be receiving liquidity incentive mining rewards. These rewards are provided in the form of MNBKS Tokens.
THE MONIBOOKS ADVANTAGE
- 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.
TOKENOMICS
- Token Name: MoniBooks Token
- Token Type: BEP20
- Symbol: MNBKS
- Decimals: 18
- Total Supply: 350,000.00 MNBKS
- Contract: 0x6350c31d710cc7072ee8e0c6f9d2dfd642d178f2
DISTRIBUTION
- Treasury — 150,000 (Liquidity etc)
- Team — 50,000
- Private Sale, Auction Sale/Marketing — 150,000 (Private investors, airdrops, bounties and marketing/operations)
EXCHANGES
MNBKS is listed on the following exchanges:
- Pancake Swap.
- Julswap — https://dexbeta.julswap.com/trading/0xdb225bd4c4a0a3f9d20c56505bcbd49ffe4bf60e
TEAM
Transparency, trust, and openness is our core ethos. We stand by these abstractions and build the network elements to conform with the concepts. However, due to the regulatory uncertainties of DeFi across many jurisdictions, the founding members will stay semi-anonymous. The multi-sig function of the principal wallet eliminates the need for complete trust and risk of rug-pulling. We acknowledge our semi-anonymous status effect in partnership and deals and will use the most effective ways to bring things to good fruition.
We invite the community to join and drive the governance of the platform.
Please be advised that the $MNBKS token holds zero inherent value (similar to $YFI, $SUSHI, etc.), and it’s intended as a governance token. Any value which may accrue to the token is entirely decided by the community and its token holders.
The project is being built by top-notch engineers and designers with a successful past track record in crypto and the Ethereum ecosystem, but as always bugs might appear. Be sure you understand the Terms of Service before engaging with the protocol, which comes (as with the rest of other DeFi projects) with no guarantees.
For more details, please visit:
website: https://www.monibooks.com/
Telegram: https://t.me/joinchat/G1AYLvmApuVbHkEE
Twitter: https://twitter.com/MonibooksYF
Medium: https://medium.com/@monibooks
Email: support@monibooks.com
