Moniat is a cryptocurrency created as an ERC20 utility token. Moniat is based on a decentralised P2P network and was developed on Ethereum as an open public permissioned blockchain. It was launched to support payments in different decentralized applications (dApps). Holders can purchase digital goods or services, some of which are being developed by Moniat OU.
Buyers of Moniat are rewarded with 10% of any Moniat purchased by new users referred by them, which is credited to the userís MAT account balance. They can convert the MAT to Ethereum. In the fourth quarter of 2019, we plan to implement conversions to traditional currencies like USD.
In addition, Moniat holders will have exclusive access to Flashat, a blockchain-based social media application that will be launched in the second quarter of 2019. Flashat will be a unique decentralized application for keeping photos safe and secure.
Moniat or MAT is available in most jurisdictions, through a dedicated dashboard. Interested traders and public users can buy MAT until it sells out. Moniat is offered for a book price of USD 0.10, but the price rises slightly almost every calendar month. Participants are issued with cryptographic keys to access their Moniat balance to make private transactions in which they exchange Moniat for electronic products (e-products).
Press release distributed by Pressat on behalf of Moniat OÜ, on Friday 21 December, 2018. For more information subscribe and follow http://www.pressat.co.uk/