I smell a rat here.

The previous poster - in his first ever post - is answering this thread almost 3 years after it went cold.

I've been solicited online recently by someone claiming to be from Sfox, apparently looking to "partner" by having us list our token on that exchange.

I checked their Facebook page and they haven't made a post in more than 7 months - after posting one every few days.

Also, complaints made two and three years ago were addressed in the past two or three weeks.

https://www.producthunt.com/posts/sfox/reviews

Their website is impressive, but if it's a scam, that's what you would expect.

Too many red flags for me.

Still some spots available for free service.

Don't miss out!

Bump for those who missed this.

Monetran enables the lowest cost transfers anywhere.

It's built on Stellar, so the network fee they charge for a transaction is a fraction of a cent.

The token - Moneda - is an asset-backed stable token. There are no exchange fees because you buy them directly from the company. Monetran charges a flat fee for any number of tokens be it one or one million+. The fee is 0.1% plus $0.50 - that's one-tenth of 1% -10 cents per $100 token purchase plus 50 cents transaction fee.

The redemption fees range from around $0.50 for small redemptions to 0.1% for large redemptions - those totaling 50,000 tokens or more (approximately $12,500 and up)

So, the whole transfer and redemption can cost as little as 0.1% + $0.50 (token purchase) plus less than 1 cent (network fee) plus 0.1%. (redemption fee.)

P2P and B2B transfers are free.

Ecommerce sites that install the plugin of the gateway we partner with can accept Moneda. There are no fees charged by the gateway.

Oh, and transfers resolve in approximately 5 seconds anywhere in the world. Stellar does not require mining. That's how and why Monetran can make transfers so fast and cheap.

If there is a way to make transfers faster, cheaper, or more reliable, let me know.

I have a feeling I'll have a long wait.

www.monetran.com

 

Pilot Program Offers Free Service to Approved Sites

Wilmington, De - - Monetran, a fintech company headquartered in Wilmington, Delaware, is seeking ecommerce sites built with the WooCommerce plugin for a “Merchant Outreach Program” which will enable accepting cryptocurrencies as payment for goods and services. Sites fitting this criterion will be able to apply for acceptance to the program which will result in one-year of free service from the cryptocurrency payment gateway MyCryptoCheckout, if approved. The service, which normally costs $59 per year, enables merchants to accept up to 187 different cryptocurrencies, including Bitcoin and Ethereum.
In return, Monetran requires that those ecommerce sites which are approved to accept the company’s stable token, known as Moneda.
   
The Moneda token is 100% backed by dollar denominated assets such as U.S. Treasuries, I bonds, and cash. The tokens are redeemable for U.S. currency which is deposited directly into the merchant’s bank account.
Aside from the stability of the token, there are other compelling reasons for a merchant to accept Moneda. Monetran’s CEO, Don Bielak, outlined some of those reasons.
 
“We designed the Monetran system in general, and the Moneda token specifically, to provide as much benefit as possible to our customers and merchants,” Bielak said. “After much deliberation, we built the system on the Stellar blockchain, which enables transfers of value in 3-5 seconds anywhere in the world at a cost of a fraction of a cent per transaction. We are able to pass these savings onto our merchants in the form of extremely low fees. Combined with our crypto payment gateway, MyCryptoCheckout, we can offer $0 transaction fees with the only charge being a small redemption fee – typically a fraction of 1%. Surely, this paradigm brings the promise of blockchain, in the context of transfers of value, closer to fruition. Simply put, I think this is the way that transactions will be made in the future.”

The CEO went on to say that the technology employed by Monetran – namely the Stellar blockchain – has enabled the company to offer services for pennies which until now cost merchants up to 3% when accepting credit cards for purchases.
 
“Blockchains such as those Bitcoin or Ethereum run on can’t match the low cost or speed of transfers that Moneda provides,” Bielak added. “The technology we use in the Monetran system does not require mining, like Bitcoin, Ethereum, or many other cryptocurrencies that require vast amounts of electricity to execute a transaction. In addition to saving merchants money, Monetran is environmentally friendly because we don’t waste electricity, which is often produced by coal plants. These are all benefits that the better known cryptos just can’t claim.”

For information or to apply to the Merchant Outreach Program, visit www.monetran.com and follow the link for Merchant Info in the navigation bar.   

Direct link to Merchant Info https://www.monetran.com/wp-content/uploads/2022/01/Pilot-Merchant-Program.pdf

Bumperoo

WILMINGTON, DE, USA, February 12, 2021 /EINPresswire.com/ — Monetran, a cryptocurrency fintech company based in Delaware, saw monstrous gains in both the number of investors and the total invested during an 18 hour period beginning on the evening of February 10. The company is currently raising funds through their most recent equity offering administered by the SEC licensed funding portal, Netcapital.

Monetran experienced a doubling of the previous investments of the offering to a total of just over $150,000. The number of investors in the offering also more than doubled.

The sudden and dramatic increases may be due to a “perfect storm” scenario, according to Monetran’s CEO, Don Bielak.

“I don’t think there is any single reason we experienced the success of the past day,” Bielak said. “Rather, I believe it’s probably owing to a convergence of factors. First, we made our first direct sales of Moneda tokens this week and delivered them to customers. Also, we have been getting very favorable media attention, especially of late, including a “buy recommendation” from a highly regarded crowdfunding analyst. Then there’s the PR work we’ve been involved in which includes very successful ads aimed at both investors and potential customers. So, I’m a bit reluctant to give credit to any one thing. I think it’s likely due more to a “perfect storm” of all of these things coming to fruition at once.”

Among the ads placed by Monetran are those which target an affluent demographic in Argentina. The company’s minimal viable product (MVP) affords customers who experience capital loss of their savings due to local fiat inflation the ability to preserve their wealth by purchasing and holding Moneda tokens. Monedas are asset-backed, redeemable stable tokens which are designed to protect against losses from inflation. The company says that this is accomplished by backing the tokens 100% with short-term interest-bearing U.S. government financial instruments. The interest earned by the instruments remains in the account which backs the tokens and provides the ability of Monedas to gradually increase in value which will largely – and often completely – negate the effects of inflation.

“We decided that Argentina was a perfect place to offer our MVP’s capabilities,” Bielak said. “With the Argentine peso experiencing 40% inflation, the citizenry of that country can benefit greatly by placing their assets in Moneda. Our tokens can provide the stability necessary to overcome the devastating effect that such a high inflation rate will have on savings. And, customers can hold the tokens for any period of time they wish. Monetran will redeem them on demand.”

Part of the Monetran model is low fees to move capital into and out of Moneda tokens. The cost to buy tokens directly from the company is 0.1% (one tenth of one percent) with a 50 cents transaction fee. The fee for redeeming tokens (withdrawing to fiat) is typically only 1%.

Bielak said, “I think that the virtues of Monetran and our business model are now being examined by a wider cross section of the general public. The company offers both a great opportunity for investors and an excellent vehicle for those interested in preserving their wealth.”

Has the CEO been surprised by the recent deluge of investors and investments in Monetran?

“No, not at all,” Bielak said. “I’ve always considered Monetran to be something that both investors and customers could get behind. We basically have it all: a solid concept, a great team, and a product that can benefit many in the general public. And now we have momentum. Monetran’s future has never looked brighter.”

Investors can buy units (shares) of Monetran for $1.25 each. A free Moneda token, given as an investor perk, is included for each unit purchased. The current Monetran offering on Netcapital is scheduled to end on February 19.

Netcapital’s website can be accessed at www.netcapital.com/companies/monetran

Information on Monetran can be found at www.monetran.com

Originally published in the Chicago Daily Herald.

Press release


WILMINGTON, DE, US, June 5, 2020 / — Monetran LLC, a blockchain fintech startup based in Delaware, has made equity in the company available through an SEC Regulation Crowdfunding offering administered by Netcapital.

The offering of 200,000 units consists of one share of Class A voting stock plus one company token as a perk per unit. Investors may purchase units at $1.25 each.

Monetran combines blockchain technology and cryptocurrency to enable customers to transfer funds and send remittances faster and more economically than by traditional methods.

Monetran’s system is designed to cost 70% less than traditional money transfers, and to cut the time of delivery down from days to a mere 3-5 seconds. All this while earning considerable profits for the company by extracting fees each time a transaction passes through the company app. From the outset, Monetran intends to use its system to compete for a share of the $700 billion remittance industry. The company says that one model demonstrates that Monetran could earn $10 million annually based on a 3% market penetration and that several such markets are available for development.

In addition to its transfer system, Monetran has developed Moneda, an asset-backed, redeemable, stable token. Moneda has been designed to maintain its value, making it a true store of value and a perfect medium of exchange. Moneda encompasses all of the features necessary to achieve mass adoption and is poised to obtain the popularity needed to become a universally accepted method of payment on the internet. Moneda tokens are backed 100% by U.S. Government securities, unlike other stable tokens which are collateralized fractionally.

The company has developed a minimal viable product which is undergoing final adjustments prior to launch. The MVP will enable customers to open accounts, buy and redeem Moneda tokens directly from Monetran, and to make P2P transfers. Once fully operational, the company app will enable cross-border remittances and transfers through both PC and mobile applications. Moneda tokens are backed 100% by U.S. Government securities.

“This is an excellent time to invest in Monetran,” CEO Don Bielak said. “We have made steady progress and are nearly ready to launch our MVP. I expect that, given our current level of development, we will have the entire system operational sometime this summer.”

Bielak added that the company has been in talks with financial institutions based in both Latin America and Europe and will continue to pursue strategic partnerships in those areas as well as others.

Monetran’s offering on Netcapital can be accessed at www.netcapital.com/companies/monetran and the company’s website is located at www.monetran.com.

Originally published on BostonHerald.com. http://markets.financialcontent.com/bostonherald/news/read/40033796

COMPANY UPDATE

Rates a bump...

WILMINGTON, DE, UNITED STATES, September 21, 2019

Wilmington, DE - Central bankers around the world have been involved in a race to the bottom with interest rates actually falling into negative territory in many places around the globe. Combine that with the fact that many countries have seen their respective currencies experiencing high rates of inflation and you have a scenario wherein it has been nearly impossible for people to save money without it resulting in a loss.

What is needed for these savers is a true store of value - a financial vehicle which could negate both negative interest rates and high rates of monetary inflation.

Some Venezuelans, during the financial upheaval created by the socialist dictatorship of Nicolas Maduro, turned to Bitcoin in an attempt to preserve their wealth. Unfortunately, despite claims to the contrary, Bitcoin failed as a store of value because of its inherent instability. Those who purchased Bitcoin for nearly $20,000 per coin saw the value of the cryptocurrency drop by as much as 80%.

Enter a Delaware fintech startup called Monetran. Monetran has developed Moneda, a stable token backed by short term, interest bearing U.S. Government securities. This gives the holders of Moneda tokens the expectation of preserving the value of their wealth against losses from inflation or negative interest rates.

“Billions of dollars worth of foreign currency has been pouring into the U.S. in search of safety from negative interest rates now prevalent in Europe,” Don Bielak, Monetran’s CEO said. “In other parts of the world, high inflation is the destroyer of wealth. What we have done at Monetran is to design a cryptocurrency which will combat both of these enemies. This is in addition to Moneda’s ability to serve as a medium of exchange for remittances and internet purchases. This makes our token a valuable instrument on a world-wide scale and a model for mass adoption.”

Monetran is in the process of finishing its internet system and the company expects to have it tested and ready for launch in the 4th quarter of this year.

The company is currently conducting an SEC regulated equity offering through the investment portal, StartEngine. Each investment unit consists of one share of stock plus a Moneda token. Monetran’s StartEngine page can be accessed at www.startengine.com/monetran-llc.

Monetran also maintains a website which serves as its main information conduit. It can be accessed at www.monetran.com.

Reprinted from the Boston Herald.

http://markets.financialcontent.com/bostonherald/news/read/38877213

Yes, there are gold backed tokens issued by various companies. The point is, gold is a sometimes volatile commodity. This prevents any coin or token backed by gold (or any other precious metal) from achieving two important goals of any cryptocurrency which is striving for mass adoption: price stability and the ability to serve as a store of value. 

Without price stability, a crypto can't be reliably used as a medium of exchange because its value will fluctuate, often significantly.

Without the ability to serve as a store of value, it can, and often will, lose value over time.

Backing by gold is not a guarantee of anything other than it is not backed by zero.

A brief explanation of the Gold Standard and why a currency backed by gold wouldn't work today:

www.monetran.com/currency-support/

Monetran has created an asset backed stable token called Moneda.

Info here: www.startengine.com/monetran-llc

Bumpity bump

You have to remember, Monetran is still in its nascent stages and we are still engaged in a preliminary round of funding. Be that as it may, 40% of investors' funds have been dedicated to back the Moneda currency, and that percentage will increase when substantial investments are made.

Once trading of the tokens begins, we expect that popularity will ensue once it's shown that Moneda can do what we say it can do. Along with this popularity we expect greater exposure to the public.

As far as convincing Amazon and Walmart that Moneda is worthy to be accepted as a medium of exchange, again, once we prove that our token is stable and backed by tangible assets, it would fulfill what we believe are the elements necessary for mass adoption.

Of course, this will all take time. We are working tirelessly to achieve these goals.   

The form of the collateral is 3 month T-bills. Loss of principal is not a concern.

Don't know what gave you the idea I said that but, of course, I didn't.  What I said was "Although USD backed coins can provide stability in the short run, it comes at a cost of built in monetary inflation."

Moneda isn't "pegged" to anything. It is backed by U.S. government securities. These securities yield interest which will... and this is important.... which will ALWAYS beat the purchasing power of fiat currency. Why? because in times of inflation, fiat will lose purchasing power. In times of significant inflation, both fiat currencies and T-bills may lose purchasing power, however, fiat will ALWAYS lose more. Under normal circumstances, the interest on T-bills will keep up with, if not exceed, the rate of inflation. This is what makes Moneda  "a store of value." USD and coins pegged to them, will always lose purchasing power over time. They can only serve as a store of value for short periods of time.

I also don't know what your definition of "absolutely stable" is, but for purposes of accepting payment for goods and services, Moneda is more stable than any other medium of exchange.

If you want to dispute this, read the Monetran white paper and our information on the StartEngine site. Then show us where we went wrong.

There is an alternative. At Monetran, we've designed a token for use on the Stellar network which uses a novel approach to achieve stability.

Instead of backing the currency with gold or other commodities which can't provide stability of price, we have backed our crypto with interest bearing financial assets, i.e. short term T-bills.

Although USD backed coins can provide stability in the short run, it comes at a cost of built in monetary inflation. If held for any significant amount of time, the purchasing power of the coin will decrease.

Our method not only gives our token price stability, it enables the token to serve as a real store of value because it will gradually increase over time.

Once fully operational, we will also give token holders the ability to redeem directly through the company.

https://www.monetran.com/   

Pardon me but your post seems like some sort of rambling to me.

The ANN I posted more than a month ago has nothing to do with the one I posted yesterday. We subsequently extended our offering.

And I don't understand the reference to Daina Behe. What are you talking about?

Perhaps the post was misplaced, but I thought that Project Development would be a good place to search for developers.

Can't please everyone....