Legitimacy goes first
We are living in the world of scams. That is why I am always looking into peoples bio. It is important to know who are you trusting with your crypto. Let's start with the most important person, a CEO.
Daniel Mark Harrison Forbes profile: https://www.forbes.com/sites/daharrison/#7ee4f8157df6
When you see people like him behind this project you can be sure that it is worth a closer look.
Now what is the Monkey Capital project?
Monkey Capital is a Value Coeval. A Value Coeval is a specific structure within which a consortium of enterprises acts in partnership with one another to form a Blockchain-enabled capital markets solution.
MNY Have Intrinsic Value Since Monkey Capital Is Run By Profitable Partners. The founders of Monkey Capital have already spent collectively over $5 million on the business, and in the MNY ICO they will invest more millions in assets.
Monkey Capital is a fund management aggregator for high quality regulated funds. We take money from the world and put it in the most interesting innovative places and generate returns. The COEVAL is the currency via which we pay those returns out and the MNY is the one that generates the returns. We have a UK public company annexation which enables us to constantly raise capital in a way which only continues to embolden the returns of token holders. If you want to play buy COEVAL now and you will have both the currency of the project (which can only increase as the project becomes bigger) and a disproportionate amount of MNY tokens which pay out more of that currency over time as the funds earn money.
Check their White Paper to get more info:
https://www.monkey.capital/docs/MC_Whitepaper.pdf
How does the Monkey Capital ICO works?
Well it's a bit complicated at a first look. They have already released a token called COEVAL which is available at Waves platform.
Wth why do I need a token before ICO?
Well this is what we call a pre ICO token. 1 COEVAL will get you 10 000 Monkey Capital Tokens (MNY) during the ICO. MNY is placed into wallets that contain COEVAL. You keep the COEVAL.
Now what does it mean.
COEVAL currently trades at around 0.1 BTC. There are 65 000 COEVALS.
But 16 000 are locked up on ice.
So there are 49 000 left.
1 COEVAL = 10 000 MNY.
And there will be 1 000 000 000 MNY
So 49 000 COEVAL = 490 000 000 MNY and accounts for 49% of it's market cap.
If 1 COEVAL is now 0.1 BTC then 49 000 COEVAL = 4900 BTC
4900 BTC equals roughly 10 000 000 USD.
During the ICO there will be a standard crowdfunding where you can send them BTC, WAVES, ETH, LTC ,XRP, COEVAL.
If the ICO of remaining 51% MNY will rise 100 000 000 USD then one COEVAL will be worth 1 BTC.
Why?
Because COEVAL is one of the tokens in Monkey Capital structure and will be used to pay dividends to investors. So if the MNY ICO succeeds it automatically rises COEVAL value.
If the ICO rises only 10 000 000 USD then the value of 1 COEVAL should stay at around 0.1 BTC.
But keep in mind what I told you about COEVAL before! You keep it. You will double down your value. 1 COEVAL + 10,000MNY = 20,000MNY of value
You can see COEVAL price changes at the Monkey Capital website: http://monkey.capital/
To sum up.
COEVAL is core/backbone token of Monkey.capital ecosystem:
- it's a presale of the ICO
- it gives you 10k of MNY for 1 Coeval
- Monkey.capital will pay dividends on all tokens via Coeval so holding Coeval now you get a discount, you get MNY tokens for free and you enjoy great increase of value later when Monkey.capital distributes dividends. It makes sense to hold MNY as long as you can, as you get as you get more Coeval with it
ICO details
Start Date: 8th Aug 2017 12:00 UTC
End Date: 9th Sep 2017 12:00 UTC
Accepting: BTC, WAVES, ETH, LTC ,XRP, COEVAL
1 COEVAL = 10,000 MNY @ ICO
You can get a bounty!
If you join their Slack: https://mkinvites.herokuapp.com/
And then use this form to submit your details: https://goo.gl/forms/GMaqwj47wkG6ERVu2
Use this link to see your entry: https://docs.google.com/spreadsheets/d/1dptx5KQjiPLZ2kyo-TxDIBHaXmtI6TZlWazas-g4WuE/
Rules:
1: You must register a real account, and only one reward per slack user and bitcointalk user.
2: Be active at least once a week.
3: Fill the Form above with your slack username and bitcointalk username, submissions will be manually verified.
Bitcointalk bounty: https://bitcointalk.org/index.php?topic=2010103.80
Important links:
Official website: http://monkey.capital/
Official Slack: https://mkinvites.herokuapp.com/
Reddit: https://www.reddit.com/r/monkeycapital/
White Paper: https://www.monkey.capital/docs/MC_Whitepaper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2003741.20
Bitcointalk bounty: https://bitcointalk.org/index.php?topic=2010103.80
Follow me on Twitter: https://twitter.com/dawid_rams
My Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=983261