Money Back Coin [MNBK] Whitepaper 2018 ProjectMoneyBack.org

Transcription

1 Money Back Coin [MNBK] Whitepaper 2018 ProjectMoneyBack.org

2 Contents Introduction... 4 Definitions... 5 Project Money Back... 6 Phase One... 6 Phase Two... 7 Phase Three... 7 Phase Four... 8 Coin Details... 9 Conclusion... 10

3 Money Back Coin: Your ticket to financial recovery! Abstract. A decentralized peer-to-peer cryptocurrency created for investors that have lost money to false ICOs and projects. Money Back Coin is open to everyone and succeeds on the efforts of building the largest anonymous community/syndicate in the crypto-space. A syndicate that has one aim and one focus. MAKE AS MUCH MONEY IN THE NEW ECONOMY AS POSSIBLE.

4 Introduction The cryptocurrency space although a decade old, is still very new has proven to be one of the fastest growing fin-tech (financial technology) instruments over the last 3 years. With a current value of over $590 billion and less than 1% of the population invested, there are no real signs of its growth slowing down. The success of cryptocurrency is only partially due to the blockchain technology that upholds the entire eco-system. The bulk of its success is due to the size of its anonymous community, the widespread adoption of its functionality, paired with decentralization and control handed back to the people! However, its speed of growth matched with being new has opened a doorway to numerous scams in the form of ICOs and Ponzi-scheme projects. Turning a fantastic revolutionary industry into an untrustworthy cesspit of opportunists, centralized enterprises and start-ups. Money Back Coin cannot fix this problem, but it can form the largest syndicate of cryptocurrency investors that want to make money and evolve the coin s value off the back of an open and growing community. Turning a bitter experience into a sweet and profitable one.

5 Definitions As mentioned the success of the cryptocurrency eco-system relies on blockchain technology, a vast community and widespread adoption. Our focus is to grow the community, to do this the community must first understand the basic definitions of all components in eco-system. What is Blockchain? There are two important definitions; 1. Blockchain technology/ Blockchain The initial algorithm created by Satoshi Nakamoto that publicly records transactions using cryptography to an incorruptible digital ledger distributed across many computers on a peer-topeer network using a timestamping server. 2. A Blockchain aka The Blockchain An incorruptible distributed digital ledger. What is Bitcoin? Bitcoin is the first decentralized digital currency and worldwide payment system. What is Altcoin? Any peer-to-peer digital currency that was created after Bitcoin. What is a Token? Tokens are blockchain assets that represent a value, and can be sent and received the same way as bitcoins. If a Token s sole purpose is to represent a tradeable currency, it can be considered an Altcoin. What is Money Back Coin? Money Back Coin is an ERC-20 Token that runs on the Ethereum blockchain. Its sole purpose is to be used as a decentralized virtual currency. Money Back Coin can also be referred to as an Altcoin. What is Cryptocurrency? Cryptocurrency is an umbrella term given to all of the above. It is a digital asset that is traded as a medium of exchange and uses cryptography to secure and verify transactions.

6 Project Money Back Project Money Back is an open and growing anonymous community of cryptoinvestors that were cheated out of millions worth of Bitcoin and Ethereum in fake ICOs and scam projects. Phase One Grow the Money Back Coin Community! One common goal we all have is that we want to make our money back and see large profits in any of our crypto investments. This goal is enough for us to create a workable community and a large anonymous syndicate. Why is this important? The current bullish and bearish movements in the crypto market has been dominated by a small syndicate of Whales (holders of large amounts of a particular cryptocurrency), followed by their spread of FUD (Fear, Uncertainty and Doubt), which then leads to FOMO (Fear of Missing Out) from small time investors who jump in at the last minute often making small profits and larger losses. In regulated markets, this is hugely frowned upon and punishable in some jurisdictions. In addition, cryptocurrency s lack of regulation has led to the fast emergence of legitimate and illegitimate start-ups creating ICOs and using similar techniques to raise quick funds, further adding to investor losses. The majority of the cryptocurrency market will remain unregulated due to the nature of blockchain technology. The only way to beat the unscrupulous ICOs and the small syndicate of whales is to build a bigger community that interchanges valuable information and form a larger syndicate that can have a more positive influence on the growth of the markets we are involved in. How does a large syndicate/community help Money Back Coin? Influence of the masses. It works 100% of the time. (Except in Countries like N. Korea) Sad but true. Our sheer size alone will draw the attention of exchanges, businesses and retail crypto-investors. The more hands that Money Back Coin is in, the more that exchanges can profit from including the coin on to their platforms, therefore driving up its dollar-to-crypto value.

7 How large does the Money Back Coin community have to be? At peak we need to be in the high thousands. To launch we need to have a community of around 2000 dedicated people, the minimum that we will start Project Money Back with is 1000 people. From here on out the people on the mailing list will be unilaterally known as the Anonymous Founding Fathers & Mothers of Money Back Coin. How do we get involved? Read, share and sign up to the mailing list. Once we reach 2000 people on the list we will then move to Phase 2. Note: If by the end of our 30-day deadline that is set on our website ( we have passed 1000 people but not hit 2000 we will still proceed to Phase 2. Phase Two Initial Coin Release For the initial launch we are only accepting a maximum of 2000 people. Once the mailing list is full we will then release a total of 2,000 MNBK coins. STRICTLY One coin per founding member of the mailing list. The one coin will need to be purchased to cover the Ethereum Gas Fee for the airdrop. The fee is between $1- $3 (close to the initial value of 1 coin) 1 MNBK Coin = ETH After all members on the mailing list have 1 MNBK Coin we will move to Phase 3. Phase Three AirDrop (10million MNBK supply) Each coin holder/ founding member on the mailing list will receive an airdrop of 5,000 MNBK coins, and be expected to take part in sharing and promoting Money Back Coin on all relevant forums and social channels. A maximum of 10,000,000 MNBK coins will be distributed to those on the mailing list. Why only One Initial Coin per member? For MNBK to truly work and benefit everyone involved we NEED a large community. Not 50 people buying the entire initial supply!!! Immediately after this we will move on to phase 4.

8 Phase Four Public Distribution Sale of MNBK Coins (10.9million supply) The remaining coins in supply is estimated to be 10,998,000 These coins will be available to the public to buy. Simultaneously the existing community of coin holders will need to be active in the promotion of MNBK as we begin listing the coin with as many major exchanges as possible.

9 Coin Details Coin Name: Money Back Coin Coin Symbol: MNBK Decimals: 18 Total Supply = 21 Million Initial Release = 2,000 (for those on the mailing list) Airdrop Supply = 10 Million (for those on the mailing list) Est. Remaining MNBK = 10,998,000 (open to public) Development Team: Anonymous Platform: Ethereum Standard: ERC-20 Ownership: Decentralized. All holders of the MNBK Coin are Owners. Note: These numbers work best for the ETH value pegged to each MNBK Coin.

10 Conclusion Money Back Coin is to be an inflation-resistant Ethereum based digital currency, that is supported by one goal and one community. Collectively we can eat the whales, dominate our value proposition and make as much money as possible in the new economy. To get started and participate in the AirDrop sign up to the mailing list and confirm your . NOTE: If you miss out on the airdrop. Follow us on twitter and be ready for when MNBK coin is released to the general public.