In the cryptocurrencies space at the end of 2017, Monaize, an electronic banking platform for the self-employed and SMEs, became very popular. Since then they had the opportunity to develop their own blockchain technology, their ICO and a wallet for cryptocurrencies for their investors.
What Is Monaize?
The company Monaize was founded in January 2017 with the aim of using innovative technologies to empower entrepreneurs, making business banking a fluid activity. Mainly, it is a business checking account that comes with a Black Business Mastercard (currently available to registered business owners in France).
In the spirit of collaborative and open banking, the platform will be built around four strategic pillars: payment solutions, financing, ethical and collaborative investments and business insurance.
It will operate through integrations with third-party service providers to make life easier for entrepreneurs. Business owners can open an account with Monaize in less than 5 minutes using their smartphone (app available for iOS and Android).
Blockchain Insourced Experience
After focusing from its inception on improving the legacy banking infrastructure, Monaize embarked on her journey into the blockchain world, understanding that it was impossible to spend a single day at Fintech without hearing about the enormous impact that technology was going to have on the industry.
Monaize's design and development team worked closely together in the first half of this year to build a crypto wallet that is sleek, fast and easy to use. After intense and successful testing with its fan community, the mainnet version of the MNZ wallet was finally released in May.
MNZ Wallet: It is a light wallet, based on Electrum, that allows users to send and receive funds. It also has built-in “Buy” functionality, which allows users to purchase MNZ tokens directly from the application.
The mainnet version of the wallet is available for Mac, Windows and Linux as a native client and is currently shared exclusively with private participants of the token sale as part of the Monaize ICO pre-finance round. Testnet versions of the wallet can be downloaded directly from the Monaize GitLab site.
Be A Hybrid Fintech Player
The Monaize CTO, Guillaume Derivery, and his team of developers knew right from the start that bringing the technology and experience of blockchain to their company was critical to the long-term goal of becoming a true FinTech hybrid player.
Capable of functioning within the legacy banking and blockchain sectors, they are now preparing for the transition from fiat money to cryptocurrencies in the coming years.
The native desktop wallet and token distribution platform is just the first of the applications Monaize blockchain is offering. Your WhitePaper describes perfectly the plans for:
- A crypto wallet integrated into the Monaize banking application.
- A loyalty reward system for MNZ token holders based on the growth of Monaize users.
- An MNZ Benefits and Referral Program
- Many more blockchain-based applications designed to stimulate growth while ensuring that everyone in the Monaize ecosystem benefits.
Monaize MNZ Token Pre-ICO Details
The Komodo Platform team works hard with Monaize on a mission to empower developers to build freely and to participate in the creation of the largest open blockchain network.
The MNZ asset chain that was created in September 2017 before being handed over to the Monaize development team remains an integral part of the Komodo ecosystem. As transactions continue to benefit from the processing of Komodo notaries' nodes, the extra layer of security provides its delayed proof-of-work (dPoW) mechanism.
Monaize has been selling MNZ tokens for the past few weeks as part of a private sale where they plan to raise $4 million.
The funds will be used to accelerate the growth of users in the French market, as well as to launch the UK market in order to demonstrate its ability to rapidly scale internationally through its open banking platform.
The exact date for the official launch of the public ICO has not yet been set, however it is already official that it will be by the end of the third quarter.
Anyone interested in the private sale of Monaize tokens (MNZ) can contact Robert Miller, Blockchain Monaize Innovation Strategist: [email protected]