Public concern about data leaking and privacy issues
An issue that has gotten a ton of media attention in the last couple of weeks is the data leak by Facebook. People are furious their personal information has been sold to third parties and are very dissatisfied learning that Facebook owns everything they do on the social media, including all their text messages through Messenger. Following this scandal, many users have been deleting their account seeking more privacy and to rebel against such data handling actions. Many celebrities have expressed their opinion on the matter, including Elon Musk who straight up deleted the Facebook page of Tesla and SpaceX. The world is now demanding a different approach to data handling and privacy issues, which is exactly where Xmoneta comes in. They are creating an all in on messenger app based on blockchain technology. This means that it is secure, decentralized and most importantly private. Fully encrypted social and business communication ensures users that no centralized institution is spying on them. The Xmoneta app will not only provide users the essential tools for everyday communication but will also offer a wide range of services related to cryptocurrency & fiat management, banking, spending, transferring and much more.
Way more than just a communication app
Cryptocurrencies have gained immense popularity throughout the latest year, that’s why Xmoneta is creating a bunch of services for cryptocurrencies on their app. Users will be able to store a bunch of different cryptocurrencies on their Xmoneta app along with fiat currency. Sending cryptocurrency to your friends through the Xmoneta app is as easy as sending a regular text message. There is also going to be a designated market tap for users to find goods of all kinds of sorts. Xmoneta is also issuing the Xmoneta card which is available in both virtual and physical form, this allows users to spend the Xmoneta token, an ERC20 token issued by Xmoneta in real life stores or on online webshops. Users of the Xmoneta app will have a variety of ways to earn the Xmoneta token by simply using the app. Some of these include playing games, watching videos, filling surveys, installing apps and more. A cashback program has been set in place when shopping with the Xmoneta app, but users can also sell goods themselves through their own e-shop.
XMN Token sale
To fund their project, Xmoneta is raising funds through an initial coin offering (ICO), selling their ERC20 token XMN. The Xmoneta token is going to be an essential part of the Xmoneta ecosystem.
The token sale started the 25th of January
The token sale ends the 31th of May
20,000 XMN = 1 ETH (Bonuses apply to different phases, see picture below)
- Total amount of tokens issued is 200.000.000 XMN
- A maximum of 50.000.000 XMN will be available during the token sale
- Hard cap is 8,000 ETH
- Soft cap is 500 ETH
All unsold tokens will be burned/destroyed
If you find this project interesting and wish to learn more about it or their token sale, you can visit the following links below and read their whitepaper. To keep yourself up to date on the project, you can follow their social media accounts also linked below.
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