A Letter from the CFO on $MONI Token Distribution
Words From CFO — Mark Lee
In my younger days, I made a decision to buy Bitcoin tokens. I was not financially stable at that period of time.
I spent all my pocket money which was only $500 to get that 1 BTC in my hand. I wish that I could have enough money to buy more. Look at Bitcoin in all its glory at this day and age. Every one of its holders and believers has benefited immensely from supporting it since the start.
Sometimes, what matters is how much trust and faith that you have in one project. If you did your due diligence and have placed faith and confidence in a project, even the smallest of contributions will be worthy investments in the future. That there, that’s the beauty of crypto finance, where even spot traders or shortsighters might not be rewarded as much as a believer or holder will.
To invest in cryptocurrency, is not to count the value of your holdings in USDT, sometimes it’s to look at the bigger picture and observe the intrinsic value of the token itself.
Opportunity seekers, quick buck players, even bot users will seem irrelevant in the future. Natural selection will ensure it. What’s left will be the genuine contributors, the true supporters, believers and hodlers will stand strong at the end of the day.
I’ve seen so many of my friends became a whale in cryptocurrency from just a normal programmer. Those who bought ETH at $40, those who bought TRON at $0.01, those who bought BNB at $10, what they need to do is get in while the marketcap is low, HODL and wait.
Fairness in the allocation
Oversubscription method for Presale 2 is a best way to prevent whales. Some people ranting at us saying that why not we set a maximum buy-in amount of allocation just like other projects on bot prevention. If we had set a fixed allocation block, whales would easily wipe out all the token with bots in a single seconds after Presale 2.0 has launched. Whales can hire individuals to get into the whitelist and buy all the tokens. But the oversubscription method is different. With this method, everyone will get the allocation accordings to their ability of contribution.
Look at the upper chart at 00:10 GMT+0, the whale with the most allocation of 2000BNB controls the 5.0% of the Presale 2.0 supplies. But check with the lower chart, the whales allocation has become significantly lesser to 3.0%. This method let everyone can have chances to get MONI, at least a little bit. For those who have trust and willing to grow with us, I believe that that little bit will become a significant amount over the years.
You want to know about our Private Sale?
We have split the allocation evenly to more than 100+ entities. The highest entity that got token allocations is just worth 100BNB. VCs and our strategic partners never get enough and the allocation they get does not even fit their minimum ticket size.
Got more token but heavily vested, and they need to provide value to Monsta Infinite in order to get the private sale allocation.
The reason we did this is to ensure distribution amongst everyone and so that there won’t be just several wallet addresses holding most of the allocated $MONI token supply. This is how Bitcoin distribute their reward to the true believers.
Private sale holders get 20% discount, their average buying price of BNB is $480, Presale 1 holders get 10% discount, their average purchase price of BNB is $450. Presale 2 buyers get no discount, their average purchase price of BNB is $390.
There are a majority of people yelling at us that why do we peg MONI with BNB, I would tell you that we are a real crypto believer. We are in the cryptocurrency universe since 2015, our personal assets are in counted in ETH and BNB, and will be counted in MONI in future. If you are really a believer in cryptocurrency, you should know that assets in cryptocurrency should never be calculated in the value of USDT. But if you keep on monitoring your portfolio at the amount of USDT, you are just too far from becoming a whale.