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MonBex Whitepaper
https://www.monbex.com/
Whitepaper(V1.0)
https://www.monbex.com/
Table Of Content
Abstract
Introduction
Company Overview
The Problem in Current Mining Solutions
The MonBex Solution
Technical Foundations
Key Features
Optimizations
Our Features
Coins Listing
MonBex Token
Allocation
ICO
Pricing
RoadMap
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Abstract
MONBEX is an innovative proof of networking social chain designed to create a secure, high
performance, and stable decentralized social platform. By incorporating cutting-edge
cryptographic
technology, a highly scalable consensus algorithm, and user-friendly design, MONBEX
empowers users
worldwide to communicate, share information, make payments, and create decentralized
applications while ensuring personal privacy and data security.
Introduction
1.1 The Evolution of Digital Currency
The world of finance is undergoing a digital revolution. Traditional currencies are being replaced
by cryptocurrencies, offering decentralization, transparency, and global accessibility. However,
mining existing tokens like Bitcoin, Ethereum, and Dogecoin comes with significant barriers:
high energy consumption, expensive hardware, and technical expertise.
1.2 Enter MonBex
MonBex, introduced by Techdot FZE LLC, is the solution to these challenges. MonBex enables
users to mine cryptocurrency directly from their smartphones, making mining accessible, easy,
and energy-efficient.
Company Overview
Techdot FZE LLC
Registered Entity: Techdot FZE LLC
Location: Sharjah Publishing City Free Zone, United Arab Emirates
Vision: To innovate and simplify digital mining while transforming the real estate market.
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The Problem in Current Mining Solutions
High Costs: Mining traditional tokens requires expensive, high-performance hardware.
Energy Consumption: Enormous energy is wasted on mining operations globally.
Accessibility: Mining has been restricted to those with technical knowledge and resources.
The MonBex Solution
MonBex revolutionizes the process by offering:
Mobile-Based Mining: A platform where anyone can mine MonBex directly from their phone.
Energy Efficiency: MonBex eliminates the need for high-power computing hardware.
User-Friendly Approach: No technical knowledge is required—just download the app and start
mining.
Technical Foundations
MONBEX employs an innovative consensus algorithm that guarantees high throughput and
system stability. This consensus algorithm allows for rapid transaction processing and
confirmation without compromising security, catering to the high-performance requirements
of social applications. Furthermore, MONBEX prioritizes user privacy and data security,
using advanced encryption techniques to safeguard user communications and information
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Key Features
Decentralized Identity Management
Real Estate Integration
Why Choose MonBex?
Decentralized Identity Management
MONBEX incorporates a decentralized identity management system, enabling users to
own and control their digital identities securely. By utilizing advanced cryptographic techniques
such as Zero-Knowledge Proofs (ZKP) an Decentralized Identifiers (DIDs), MONBEX ensures
that users' personal information remains private and secure, while still allowing for seamless
identity verification when required.
Real Estate Integration
MonBex isn’t just a token; it’s a solution for real-world challenges in real estate:
Buy/Sell Real Estate: Use MonBex tokens to purchase or sell houses and apartments.
Rent Out Properties: Enable users to rent homes and apartments seamlessly.
Market Innovation: Integrate blockchain technology for transparent and secure
transactions.
Why Choose MonBex?
1. Accessibility: Anyone with a smartphone can participate in mining.
2. Low Energy Consumption: Environmentally sustainable compared to traditional mining.
3. Real Estate Focus: A unique, real-world use case for cryptocurrency.
4. Community-Centric: Rewards for early adopters and active users.
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Optimizations
While the protocol described so far is theoretically feasible, in practice, there are computational,
storage, and network limitations to consider. We want to allow for as many valid at or nodes as
possible, but it may be too costly to store every valid at or’s signature for every block. TODO:
Describe sparse signature set as DMMV.
Our Features
Mobile-Based Mining
Mine MonBex directly from your smartphone without the need for expensive hardware or
technical expertise.
Energy Efficient
MonBex eliminates the need for high-power computing, ensuring an environmentally
sustainable mining process.
Real Estate Integration
Use MonBex tokens to seamlessly buy, sell, or rent real estate properties securely
through blockchain technology.
User-Friendly
Simply download the app, sign up, and start mining MonBex with no technical
knowledge required.
Secure Transactions
Blockchain-backed smart contracts ensure safe, transparent, and automated transactions
for all users.
Coins Listing
MONBEX will initially support trading pairs in the following coins: BTC, ETH, LTC, BNB and
POL .We plan to add large user base mining, and good (huge) liquidity.
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MONBEX Token
TechDot FZE LLC will issue its own digital currency, known as the MONBEX Token . A
fixed supply of 250 million MONBEX will be created and will not be increased in the future.
MONBEX will operate on the Solana SPL block chain.
Allocation
Participant %
ICO 7.5%
Founding Team/Contributors 5%
Presale 1%
Foundation 3%
Mining 55%
Airdrops 19.5
Staking Rewards 9%
ICO
The initial coin offering (ICO) is a key part of our roadmap. During this phase, users will
have the opportunity to participate in the first public sale of 100 million MONBEX tokens,
which will be conducted using POL Token (POL) and USDT on various platforms around
the world. This is a chance for users to get involved in the ICO and purchase MONBEX
tokens before listing on the Exchange.
Pricing
During the initial coin offering (ICO), investors will have the opportunity to purchase
MONBEX tokens in just one phase on a first-come, first-served basis until a total of 7.5%
tokens have been sold. The price of the tokens will be sold at $0.015 per token. Further
information about the ICO will be provided before it begins.
Investors will receive MONBEX tokens within 5 working days after the ICO finishes
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RoadMap
MonBex will be launched in three strategic phases:
Phase 1: Community Growth
Focus: Build a strong user base through marketing and campaigns.
Milestone: Introduce the mobile app and platform for MonBex mining.
Phase 2: Real Estate Platform Development
Focus: Plan and develop the blockchain-based real estate platform.
Milestones:
o Introduce the token withdrawal option.
o Launch the Initial Coin Offering (ICO) to raise project funds.
Phase 3: Market Launch
Focus: Publish MonBex on major cryptocurrency exchanges.
Milestones:
o Finalize and launch the real estate platform.
o Enable seamless real estate transactions with MonBex tokens.
Date Task
2024/12/01 Project Announcement : Confirmed start
Of the MonBex Project.
2024/12/15 MonBex Mining: Launch of the MonBex
app
– Implement Mining
2024/02/14 KYC Verification Start
2024/03/15 Develop the blockchain-based real estate
platform.
MonBex Token Presale: General waitlist
2024/04/15 distributed across the community for
Conducting MonBex token presale.
2024/05/15 Public MonBex Token Sale–ICO:General
Public sale of the allocated 7.5% MonBex
tokens.
2024/06/15 Start Real estate transactions
Launch: Official Launch of the MonBex
2024/07/30 Exchange–Active trading begins with the
Release of the new app version.
Whitepaper(V1.0)
