Navigating the evolving landscape of digital currencies can be challenging, but one name aims to simplify the journey for millions of Mexican users: Moneta Digital (MMXN). This innovative stablecoin, pegged to the Mexican Peso, provides a seamless bridge between fiat currency and the dynamic world of cryptocurrencies. Designed with transparency and ease of use in mind, MMXN empowers users to store digital assets in a stable value while trading and investing in the crypto space with confidence. With secure deposits held in licensed and regulated bank reserves, Moneta Digital is setting a new standard in financial technology. Read on to discover how Moneta Digital is transforming the way Mexican users interact with digital currencies.
What is Moneta Digital (MMXN)?
Moneta Digital (MMXN) is a stablecoin created to address the fiat on/off ramp needs of millions of Mexican users who wish to buy and sell cryptocurrencies. By being pegged to the Mexican Peso, MMXN allows mainstream users to intuitively understand the concept of stablecoins, ultimately helping them store their digital assets in a stable value. This stablecoin facilitates seamless trading and investment in the cryptocurrency space.
Key Features of Moneta Digital
- Fiat Gateway: MMXN serves as a fiat gateway, bridging the gap between fiat and crypto for Mexican users.
- Stable Value: Pegged to the Mexican Peso, MMXN provides a stable value for storing digital assets.
- Transparency: MMXN is completely transparent on the blockchain, with all deposits held in a fully licensed and regulated bank reserve.
- Regular Audits: The reserves are regularly attested by a trusted third-party accounting firm, ensuring security and trust.
The Purpose and Utility of Moneta Digital
Solving the Fiat On/Off Ramp Problem
The primary purpose of Moneta Digital is to solve the fiat on/off ramp needs for millions of Mexican users. This stablecoin allows users to easily buy and sell cryptocurrencies by providing a stable value pegged to the Mexican Peso. This makes it easier for users to understand and trust the concept of stablecoins, facilitating their entry into the cryptocurrency market.
Enhancing User Experience
By being pegged to the Mexican Peso, MMXN simplifies the process of buying and selling cryptocurrencies for Mexican users. This stablecoin makes it more accessible and user-friendly, encouraging more people to participate in the cryptocurrency space.
Transparency and Security
MMXN is completely transparent on the blockchain, with all deposits held in a fully licensed and regulated bank reserve. This ensures that users can trust the stability and security of their digital assets. Regular audits by a trusted third-party accounting firm further enhance this trust.
Token Market Data
Understanding the market data of Moneta Digital is crucial for potential investors and users. Here are some key statistics:
- Current Price: $0.0596
- Market Cap: $0.00
- 24h Price Change: 0.18%
- 7d Price Change: 1.47%
- 30d Price Change: 2.25%
- 24h High: $0.0596
- 24h Low: $0.0594
- All-Time High: $0.0607 (2023-08-29)
- All-Time Low: $0.0470 (2022-07-19)
- Circulating Supply: 0.00
- Total Supply: 1,000,000,000.00
The Ecosystem of Moneta Digital
MonetaForge
MonetaForge, a subsidiary of Moneta, is a licensed Virtual Asset Service Provider (VASP) that provides Design, Mint, Issue, and Administration (DMIA) Services for Permissioned Security Tokens. These tokens have defined entitlements, such as asset portfolios, businesses, profit sharing, and other legally binding benefits. MonetaForge enforces regulatory restricted security transfer rules of the tokens via Smart Contracts on the blockchain, ensuring compliance with international regulations, including the USA SEC Reg D 12-month seasoning period restrictions.
ERC3643 Token Standard
The ERC3643 token standard is used to support compliant issuance and management of permissioned tokens, suitable for tokenized securities, either on a peer-to-peer basis or through regulated trading platforms. This standard ensures that an investor cannot become a holder of any digital securities without fulfilling all compliance requirements, offering a secure, transparent, and efficient environment for managing security tokens while enforcing on-chain compliance.
Moneta Community
The Moneta Community is an ecosystem of related and unrelated entities that are building an ecosystem to better enable Virtual (or Digital) Assets to Tokenize, Fractionalize, Monetize, and Optimize many types of assets (both illiquid and liquid).
Unique Features and Benefits of Moneta Digital
Permissioned Token
The Moneta Digital token is a permissioned token, meaning that it is only accessible to registered users with an OnChainID. This feature adds an extra layer of security and control over who can use the token.
Compliance with Regulations
Moneta Digital is committed to complying with SEC and other jurisdictional regulations, ensuring that the token offering is legitimate and secure for investors.
Profit Sharing
Moneta Digital token holders are entitled to sharing a portion of the profits and losses of Moneta, which will be maintained and reported by Moneta on the company's balance sheet as "Retained Earnings for Monetacoin Token Holders".
Monetization of Illiquid Assets
The Moneta Community aims to monetize illiquid assets, making them more accessible and usable for investors.
Optimization of Asset Management
The Moneta Community focuses on optimizing asset management to build the maximum value for token holders.
Integration with Monetaforge Investor Platform
Monetacoin is the first token offered via Monetaforge Investor platform, allowing token holders to benefit from all Moneta Community Tokens that are offered via Monetaforge.
Tokenomics and Distribution Model
Total Token Supply
The total token supply of Moneta Digital is 1,000,000,000.00 tokens. However, the circulating supply is currently 0.00.
Token Distribution
The Monetacoin token is offered via the Monetaforge Investor platform, with an offering price of $10.00 USD per token. The distribution is limited to US Accredited Investors and Non-US Sophisticated Investors.
Vesting Periods and Lock-Ups
The distribution model of Monetacoin includes a vesting schedule for tokens held by various parties, such as the founding team and advisors. The vesting schedule ensures long-term commitment from these stakeholders by defining when and how allocated tokens become available for sale, often after a 'cliff' period, followed by gradual release.
Inflation Control Mechanisms
Monetaforge uses a portion of the Digital Asset Management Infrastructure and Administration (DAIMIA) services fees, collected in the form of FIAT and Token allocations, to benefit Monetacoin and other Moneta Community Tokens. This mechanism helps maintain the value of Monetacoin and other tokens in the Moneta Community.
The Team Behind Moneta Digital
Core Team Members
The Moneta Digital crypto token is backed by the Moneta Community, which is a collection of related and unrelated entities
