Monoreto creating a social network with monetization of like

PreICO is successfully finished!
After presale and preICO we raised $ 315K.

Website: https://monoreto.com/

The Monoreto has been designed to solve the problems had by all three social network user categories. The Monoreto team offers an innovative platform that help all its users earn from using it. Monoreto is a blockchain-based social network where everyone can get rewards for their unique content. How? It’s all very simple. Every like will bring the creator of the photo or video liked at least 5 cents in Monoreto tokens.

Professional bloggers will easily be able to join our social network and earn additional money and users who create quality content but have not received any monetary reward for it can start getting a regular monthly income. Monoreto encourages people to create quality photo and video content and enables talented users to earn from what they produce and be motivated to create more. The most popular content will be highlighted in the Monoreto newsfeed and allow content authors to expand their audience.

Our team is also developing a mechanism for Monoreto users to easily publish their Monoreto content on other social networks (Instagram, Facebook, etc.) with a single click. We understand that it’s hard to abandon other social networks. That’s why we are trying to simplify this process as much as possible and create additional value through income generation.

Description of Problems for Social Network Users

The biggest problem of existing social networks is their “ungratefulness” for the efforts made by ordinary users that create content. On existing social networks like Instagram, Facebook, Reddit, Twitter, VK, and many others, users generate quality and unique content without any compensation at all. No users of these popular social networks get rewarded for their content by the network or other users.

Monetization of content through advertising is usually done by hyped bloggers and photographers who decide which advertisers to cooperate with as well as new authors who advertise questionable goods and services to earn money.

The structure of most social networks does not value the idea of likes as promotion of the content’s author. This leads users to like things even when they don’t really like the photo or video and also like things for the sake of attracting new followers. But even if the like is legitimate, it still doesn’t bring direct benefit to the author.

To solve this problem, a team of specialists has developed the innovative Monoreto platform. Monoreto is a social network that:

Gives every user the opportunity to earn from posting photos and videos
Increases the significance and value of likes and improves the overall quality of content
Reduces the need for blogger ads as a monetization method
Makes fake likes and bots unprofitable

The cost of a like in MON tokens will be the U.S. dollar equivalent of 5 cents. If the user wants to thank the author of the content with more than the equivalent of 5 U.S. cents, it will be possible to transfer a greater number of MON tokens with the like. All MON token transactions will be made using special wallets that are connected with personal user accounts. It will be possible to convert received MON tokens to major cryptocurrencies (Bitcoin, Ethereum, and others) in the wallet. Conversion from major cryptocurrencies to MON tokens will also be possible in the wallet.

Examples of Practical Use of the Monoreto Platform

The Monoreto social network has huge potential. In order to outline the structure and advantages of Monoreto, we will provide several examples of how this system can be used in different spheres.

Monetization of Daily Use by Regular Users

Monoreto will make communication even easier and more convenient. Every Monoreto user will get modern social networking tools:

Improved timeline of posts with photos and videos
Comments on posts to keep in contact with followers
Stories function, which allows for creation of photos and 10-second videos with overlaid text, emojis, and handwritten notes

Live broadcasts that give the opportunity to talk about important things with followers at any time

But the ideal user interface is not the most important thing about Monoreto. In addition to standard communication mechanisms, every Monoreto user will get the opportunity to earn money for managing his personal account. Posting quality photo and video content will allow users to earn cash rewards along with likes from followers and other people. Users will also be able to rate other content with the help of likes if this will promote their accounts in the newsfeed. This will lead to posts getting more likes from the same users.

Unlike most other social networks, Monoreto will see winners among not only those who gain popularity but also among those who are sincerely ready to support authors of quality content.

Effective Method of Keeping a Blog

Creating original content takes a lot of time and effort for bloggers. The main source of monetization of resources used by them remains advertisements for goods and services. But ads often come across as annoying or are met with the decision from subscribers to “Unsubscribe!” Sometimes bloggers, especially those with a small audience, end up having to advertise questionable goods and services in order to make money.

Generating quality content is hard work and takes a lot from limited resources. At each step of content creation, users must make a quality investment of time and also experience emotional and material expenditure:

Creation of content that needs to catch the attention of followers and inspire them
Complex development of the idea with real scripted content: ideas for photos and video and text to go with them
Organizing filming of the content: searching for interesting locations, attracting people, editing and post-production resources (especially for professional bloggers)
Posting content on social networks and keeping up feedback with followers

Monoreto helps bloggers free themselves from dependence on advertising since popularity is something that will also result from a large number of monetized likes. Monoreto also helps foster relations between bloggers and subscribers with less annoying advertising in posts and a more loyal audience.

This all goes for live broadcast videoblogs as well as regular blogs. The majority of bloggers have live broadcasts and get a large number of likes for them. Even though some services like Twitch give the opportunity to include Internet resources for monetization of the stream, Monoreto offers its own solution to give rewards from subscribers to bloggers in the form of a backed cryptocurrency.

Getting Famous and Meeting Celebrities

Monoreto opens unlimited opportunities for financing as well as for users to become famous and be in contact with celebrities.

For example, a world-famous sportsman will be able to publish a post and include in the description that the top 3 active donators on the post will get the opportunity to meet him (for dinner, at a training club, etc.). With millions of followers and a lot of fans out there that love him, there will be a lot of people striving to win the prize and the whole thing is likely to be covered in the media. The winners will be known by everyone and will get their moment of glory. The celebrity, in turn, will be able to donate these proceeds to charity.

Monoreto will help create an ecosystem for charity projects that will help bring together a large number of users and instant fund transfers in just one click. This is a key factor of success. There will be a verification system using blockchain technology in play for accounts that collect money for charity so that users won’t have to worry about the security of transferring funds.

Charity is something that will be encouraged on Monoreto. The accounts of active donors will be moved higher in the platform’s smart feed and make it into the top accounts on the social network. Every user who donates tokens to charity causes will get a special award in the form of stickers that indicate the donor’s rank.

Fundraising Campaign and Token Distribution

Fundraising Campaign Plan

The Monoreto development team is currently working on the platform and preparing a fundraising campaign.

The MNR app token will be released under the ERC-20 standard with limited release in order to hold the fundraising campaign. Distribution of tokens will be done by a smart contract. Raised funds will be used to launch the platform and to develop it further, to finance advertising and marketing, and to regulate the platform’s operation.

The distribution campaign for MNR ERC-20 tokens (pre-ICO) is scheduled to start on 10 May 2018 and continue to 10 June 2018. MNR tokens available during the pre-ICO period will be distributed no later than 1 month after the crowdfunding campaign begins or until the pre-ICO hard cap is reached. The campaign’s launch date will be posted on the monoreto.com website, on social networks, and on other channels.

Pre-ICO Soft Cap: $200,000

Pre-ICO Hard Cap: $800,000

During the pre-ICO, distribution of 6% of tokens with a 50% discount from the ICO price excluding ICO discounts (2.5 cents) is planned.

If the pre-ICO soft cap isn’t reached, all funds raised will be returned.

If the soft cap is reached, an ICO will be held and is scheduled to take place from 15 August 2018 to 30 September 2018.

ICO Soft Cap: $1,000,000

ICO Hard Cap: $15,000,000

57% of tokens are planned to be distributed during the ICO with discounts depending on when the tokens are purchased.

If the ICO soft cap is not reached, all funds collected during the ICO will be returned.

Token Distribution:

23% to initial platform users
11% remains the company’s share
3% used for bounty prizes
63% to crowdsale participants

The smart contract mechanism allows indicated proportions to be maintained including in the case that less money is collected during the crowdsale than is planned. Accordingly, there won’t be an increase in the team’s share if this happens.