MoniBooks (MNBKS) — a DeFi Stake and Yield Farming platform. It is a decentralized betting project that provides passive income to its investors by distributing rewards to users, according to the number of delivered tokens and the storage time of tokens on the betting platform. In addition, to obtain smart contract farming strategies, MNBKS provides security services for inexperienced users as a DeFi gateway and shows everything on the blockchain to users for transparency purposes.
Contents:
Description of the MoniBooks project
The MNBKS token can be used for betting, farming, rewarding, voting and control on MoniBooks platforms. Farming: 1% commission from each transaction is distributed among all holders. The percentage, received by the holders, is directly proportional to the amount of the token, stored in the wallet, at the time the reward is received.
The proceeds from transactions in stocks, real estate and agriculture go to the stakers. Thus, it seeks to increase the passive income it provides to its investors by further reducing the supply.
Some features:
| Firstly | On the MNBKS betting platform, the next node creator or block generator is chosen by a specific formula, where the node creator has to put its MNBKS token, so random is used to predict the feed. |
| Secondly | The deposit reward will be provided by MoniBooks DApp instead of the user, making the transaction. MoniBooks uses Proof-of-Stake as its consensus mechanism. |
| Thirdly | In Proof-of-Stake, in order to become a node validator, they must stake their MNBKS token. In this way, MNBKS tokens will go to the community of people, who place bets on their tokens. |
The structured Moni Books platform can have a connection with the wallet and investors can stake their tokens on the app easily. At an early stage of the project, i.e. on the Moni Books platform, investors can transfer their tokens to their wallet or other platform at any time without blocking the tokens.
Additional information
There is no WhitePaper and RoadMap document on the site. Instead, the developers provide a blog on the Medium platform. Articles, concerning the development of the project, are available there.
From social networks, the community leads:
- twitter;
- telegram;
- GitHub.
Join to follow the news, promotions and other events. The smart contract doesn’t have an audit.