Introduction
We believe a "whitepaper" should be easy to read and simply help you understand how the project works. We hope the following information provides that. Let's start with the basics.
Blockchain networks allow for fast, secure, transfer, and creation of digital goods in addition to the storage and execution of tamper-proof programs that can manage digital assets. Once these programs are being deployed on-chain, they cannot be changed and are available to everyone with access to the chain, execute based on the defined parameters and interactions (transactions), and are verified by the blockchain’s consensus mechanism.These characteristics allow anonymous parties to enter into binding digital agreements, called smart contracts.
Monopoly's smart contracts will be powered by the Binance Smart Chain (BSC) which is a rich and growing digital asset ecosystem powered by Binance DEX, the leading decentralized exchange.
Contain cheap transaction fees that reach as low as 1 cent and have High performance with a network capable of producing a block every 3 seconds.
- A supportive Binance ecosystem that funds and bootstraps many DeFi projects
- A growing ecosystem of millions of users across Binance.com and Binance DEX
- A network of major crypto projects already collaborating with BSC
- Contain cheap transaction fees that reach as low as 1 cent
- High performance with a network capable of producing a block every 3 seconds.
One of the biggest hurdles in the current BNB marketplace is a trusted entry to market. Monopoly aims to build a platform that will allow both new projects coming to BSC and investors to benefit from its smooth and secure platform.
Monopoly is a protocol built for decentralizing the way which new projects and ideas coming to the BNB ecosystem raise capital.
The platform allows cryptocurrency projects to raise funds by setting up a swap pool based on a fixed purchase rate for tokens. These so called “Fixed Swap Pools” have many advantages for token sale investors over traditional ICO's and IDO's fundraising models. Fixed Swap Pools will maintain the token price throughout the sale until the initial supply is bought.
With Monopoly', decentralized projects will be able to raise and exchange capital cheap and fast. Users will be able to participate in a secure and interoperable environment on the Binance Smart Chain.
During Monopoly's MVP (minimum viable product) it will have price stabilization through a variable burn and redistribution mechanism. This will cause an anti-inflationary scenario pushing prices up and available tokens down.
Projects and Ideas coming to the Binance Smart Chain can use Monopoly's platform to raise capital with a decentralized infrastructure and to go to the moon! Monopoly will empower investors and allow cryptocurrency projects creators the ability to provide token sales for upcoming DeFi crypto launches.
The fundamental flaws of existing launchpads on current Defi projects is that acquiring enough tokens to participate in the ecosystem is prohibitive, and even if you do get into the initial sale pool, you are not guaranteed an allocation spot. Regarding whitelistings or lottery sales a problem of automated bots exists filling the spots in a matter of seconds. Monopoly is creating a fair decentralized way to solve these problems.
Each project will receive a thorough audit prior to being accepted onto the platform.
We will also host a series of other applications such as:
Closed initial offerings that are password protected
Discounted sales that contain whitelisting addresses
Token pools can be dutch or seal bid auctions
Crowdfunding platform that will be open-source
Last modified 1yr ago