| STABILA BLOCKCHAIN GENESIS BLOCK: NOV 16, 2021 | CHAIN STATUS: STABLE | MONETA EXCHANGE LAUNCH DATE: Feb 2021 |

Introduction Moneta 

In our solution, fiat pegged cryptocurrencies are called “Moneta”. All Monetas will initially be issued on the blockchain so they exist as a cryptocurrency token. Each Moneta unit issued into circulation is backed in a one-to-one ratio (i.e. one Moneta USD is one US dollar, one Moneta UAH is one Ukrainian Hryvnia) by the corresponding fiat currency unit held in deposit by Moneta Holdings.

Monetas may be redeemable/exchangeable for the underlying fiat currency pursuant to Moneta Holdings terms of service or, if the holder prefers, the equivalent spot value in any other cryptocurrency. Once a Moneta has been issued, it can be transferred, stored, spent, etc. just like any other cryptocurrency.

The fiat currency on reserve has gained the properties of a cryptocurrency and its price is permanently monetized to the price of the fiat currency. Our implementation has the following advantages over other fiat pegged cryptocurrencies:

  • Monetas exist on the blockchain rather than within closed source software running on centralized, private databases.
  • Monetas can be used just like bitcoins, i.e. in a p2p, pseudo anonymous, decentralized, cryptographically secure environment.
  • Monetas can be integrated with merchants, exchanges, and wallets just as easily as Bitcoin or any other cryptocurrencies.
  • Monetas inherit the properties of the Layer protocol which include: a decentralized exchange; browser based, open source, wallet encryption; blockchain based transparency, accountability, multi party security and reporting functions.
  • Moneta Holdings employs a simple but effective approach for conducting Proof of Reserves which significantly reduces our counterparty risk as the custodian of the reserve assets.
  • Moneta issuance or redemption will not face any pricing or liquidity constraints. Users can buy or sell as many Monetas as they want, quickly, and with very low fees.

USDM

is base:

[USD]

EURM

IS BASE:

[EUR]

GBPM

IS BASE:

[GBP]

JPYM

IS BASE:

[JPY]

CNYM

IS BASE:

[CNY]

CHFM

IS BASE:

[CHF]

Moneta Digital Cash

Except that it's not on paper, Digital Currency behaves just like actual cash. Money is translated to a computer code in your account. This digital code can then be saved on your computer's microchip, pocket card (like a smart card) or hard drive.

The principle of secrecy is the driving force behind digital money. An anonymous exchange is promised to the recipient of digital money for any seller who accepts it. To buy an object, you can use your unique account code over the internet or at any participating retailer. All involved in the deal agrees to accept the value of the sale, from the buyer to the seller, and thereby to establish this new type of trading.
  • Lower Cost
    Firstly, the cost of using digital cash is extremely low. Normal bank transactions require huge amounts of infrastructure. There are bank branches, tellers, clerks, electronic systems, all of which combine to make transactions possible. This infrastructure can only be used for banking transactions. On the other hand, digital cash does not warrant any special infrastructure. It can use basic services such as the internet to make the same transactions possible. Hence, the need for dedicated infrastructure is removed. This brings down the cost of transactions.
  • Long Distance Transactions
    With physical cash, sending money to the other side of the world can be very expensive. This is also the case with electronic cash since intermediaries like SWIFT get involved and hence have to be paid a fee. However, digital cash can be sent around the world without too much of a hassle. The cost to send money to the next door neighbour and to a person on the other side of the world is the same in a digital cash system.

Moneta Digital Cash properties

Moneta Assets Are Different

Digital assets are poised to become accepted as investable assets and stores of value, tradable on global, licensed exchanges, and accessible to individuals and institutions around the world. Moneta global decentralized framework relies on — and is powered by — distributed ledgers that eliminate the need for central intermediaries to facilitate the value exchange.

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