MonFi is revolutionizing the lending industry with blockchain-based

BERLIN, GERMANY, June 12, 2023 (GLOBE NEWSWIRE) — MonFi, the blockchain-based microlending company, is pleased to announce its innovative lending and investment platform that is revolutionizing the lending industry through the power of blockchain technology. MonFi’s mission is to offer affordable and accessible financing options to individuals, companies and organisations, while ensuring transparency, security and efficiency in the lending process. With its P2P lending platform, crowdfunding platform and credit/debit card, MonFi offers a compelling alternative to traditional lending and investment options.

By leveraging blockchain technology, MonFi’s lending platform allows investors to invest directly in projects and businesses, without the need for intermediaries such as banks and financial institutions. This decentralized investment platform eliminates intermediaries, reduces costs and increases returns for investors. By browsing projects and businesses on the platform, evaluating their financial performance and creditworthiness, and investing directly in them, investors can earn interest on their investments. Blockchain technology provides an immutable ledger of transactions that is transparent and auditable, ensuring that all investment activities are accountable and trustworthy. This increased transparency, improved security and faster processing times are just some of the benefits of MonFi’s decentralized investment platform.

In addition to the P2P lending platform, MonFi’s crowdfunding platform allows borrowers to raise funds from a large number of individuals, rather than relying on a single lender. The power of crowdfunding allows borrowers to access financing options that may not be available through traditional lenders. By leveraging blockchain technology, MonFi’s crowdfunding platform ensures transparency, security and efficiency in the lending process. This innovative approach to lending provides increased access to financing opportunities for individuals, businesses and organisations.

MonFi’s credit/debit card is another convenient and secure way to access the funds in your MonFi account, making it easy to use crypto-assets wherever Visa or Mastercard are accepted. With MonFi’s credit/debit card, you can easily convert crypto assets into fiat currency and use them to make purchases online or in person. MonFi’s credit/debit card offers convenience, security, flexibility and rewards, providing added value for using the card.

MonFi has a few primary loan and investment criteria that applicants must meet in order to qualify for a loan or investment. These criteria include identity verification, credit rating and security. Using its blockchain-based identity verification system, advanced credit scoring algorithms and security management system, MonFi ensures that it provides affordable and accessible financing options to individuals, businesses and organizations.

MonFi Tokenomics

Maximum supply: 200,000,000 tokens

Allocation:

• Team: 7% (14,000,000 tokens)
• Strategic partners and advisors: 3% (6,000,000 tokens), project reserves: 10% (20,000,000 tokens)
• Staking Rewards & Development Fund: 26% (52,000,000 tokens)
• Marketing: 9% (18,000,000 tokens)
• Seed Sale: 18% (36,000,000 tokens)
• Community: 10% (20,000,000 tokens)
• IDO/Whitelist: 7% (14,000,000 tokens)
• Liquidity and exchange: 10% (20,000,000 tokens)

Token distribution

• Team: The team will receive 7% of the total token supply, which will be earned over a period of 24 months to ensure compliance with the long-term success of the project.
• Strategic partners and advisors: Strategic partners and advisors will receive 3% of the total token supply, which will be unlocked after 6 months to support the development and growth of the project.
• Project reserves: 10% of the total token supply will be allocated to project reserves, which will be used for future development and expansion of the project.
• Staking Rewards & Development Fund: 26% of the total token supply will be allocated to stake rewards/testnet and development funds. This will provide incentives for users to hold and stake their tokens while ensuring continuous development and improvement of the project.
• Marketing: 9% of the total token supply will be allocated to marketing efforts, which will include various campaigns to raise awareness and promote the project.
• Seed sales: 18% of the total token supply will be allocated to the seed sale. This will be used to fund the initial stages of the project and support its growth. Seed sale investors can buy tokens at the lowest possible price of 0.035$ per token
• The community: 10% of the total token supply will be allocated to the community, which will include various initiatives to engage and support the project’s user base.
• IDO/whitelist: 7% of the total token supply will be allocated for the initial CEX offering (IDO) and whitelist sale, which will be used to distribute the tokens to early supporters and investors. The IDO price will be 0.045$ per token for investors who have an investment package on the MonFi platform, the price will be 0.040$ per token on the IDO stage.
• Liquidity and exchange: 10% of the total token supply will be allocated to liquidity and exchange. This will ensure the availability of tokens on major exchanges and provide liquidity for traders and investors.
• Listing price: The initial listing price for MonFi tokens will be set at $0.045 per token.
• The token is held by the licensed company Kofi Tech, which has a license for this type of activity, which allows it to create, hold, manage and tokenize crypto-assets. In addition, this company has the right to process transactions within this structure.

With a strong marketing strategy in place, MonFi is well positioned to capitalize on the growing interest in blockchain-based financial services and become a leader in the microlending and P2P lending industry. MonFi’s innovative approach to lending and investing, leveraging blockchain technology, offers a compelling alternative to traditional lending and investment options. MonFi welcomes potential investors to take a closer look at its lending and investment platform and join its mission to provide affordable and accessible financing options to individuals, businesses and organizations. For more information, visit monfi.io.

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Disclaimer:

The information in this publication is not investment advice, financial advice or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading in securities and cryptocurrencies.