F.A.Q on MonetaPro

On this page, you will find the following:

I.  About the Founder

II.  General Questions

III.  Technology

IV.  Marketing & Community

V.  Partnerships & Milestones

VI.  Tokens

VII.  GBUC

VIII. Miscellaneous Questions

Our company serves as a platform for global barter. It is a $17 Trillion market for non-cash corporate trading

MonetaPro was founded on providing value to the global trade industry via liquidity, efficiency and trust.

We have a very unique program with our MON Token. The MON Token is an ERC20 Token, and will be listed on several exchanges. We already have approval for one exchange in Malta, and are trying to finish the paperwork and approval for one in Singapore (which would also allow US investors, and a bigger investment market for the MON).

I. About the Founder

My name is Stephen Meade. I’m from the USA, and in Beverly Hills/Los Angeles. 

I’m a life-long entrepreneur and have started several technology companies.

I’ve created 11 in total and have three that were public companies in the United States.

This means we have created and launched several successful companies. 

My first e-commerce company was started in 1996 and provided proprietary shopping carts (which didn’t exist then) and we offered credit card processing (which also wasn’t available online at that time). We took the company Public in 1999 with a market cap close to $1 Billion. This initial company and technology is what went on to become PayPal.

In total, I’ve had three Public Companies in the United States, and the technology has ranged from e-commerce, enterprise software, homeland security, mobile technology, and FinTech.

Our current project, MonetaPro, is a Fintech/Blockchain company and a very large space of what’s called Corporate Barter, which is where large companies trade assets with each other. We have built the systems, and integrated port of our invoice systems into the IBM Blockchain- so we are one of the few early companies in the world that has gone live with an enterprise platform.

If you think of a company like Amazon, which is a web-based marketplace, it’s primarily for Business to Consumer, and has an average sale of $84. We have built a marketplace, but for B2B where the average transaction for trade is over $1MM. It’s a much larger market.

The platform and systems are built and have started to roll out. We have created the MON Token to be able to trade outside the system.

And, with our ongoing successes, I was right.

If you want to view “about me” video, you can check it out HERE 

II. General Questions

Why Invest with MonetaPro?

Our current project, MonetaPro, is a Fintech/Blockchain company and a very large space of what’s called Corporate Barter.

This is a $17 Trillion industry and it is where large companies trade assets with each other. 

Items like cars are traded for computers, or food for oil, or even media for airline seats.

If you think of a company like Amazon, which is a web based marketplace, it’s primarily for Business to Consumer, and has an average sale of $84. We have built a marketplace, but for B2B where the average transaction for trade is over $1MM. 

The MonetaPro exchange provides a centralized global trading venue for companies to trade with existing partners as well as find new ones. Locating a trading partner is as simple as entering the type and amount of goods or services desired within the powerful search engine designed by MonetaPro. Negotiating and executing trades are both fast and easy.

Tracking and reporting trade activity is in real-time.

We have built the systems, and integrated port of our invoice systems into the IBM Blockchain- so we are one of the few early companies in the world that has gone live with an enterprise platform 

All aspects of ownership become decentralized and recorded, and the audit trail becomes more transparent and efficient. The system utilizes leading-edge, private blockchain technology to deliver better efficiency, more liquidity, and trust to the global trade industry.

The overall result? Lower transaction costs, ease of locating a new trade partner, executing a trade, and tracking each trade from start to finish.

The platform and systems are built and have started to roll out. We have created the MON Token to be able to trade outside the system.

As far as competition, we have not seen any direct competitors for the Global Trade space.

Even further, speaking of “competition”, MonetaPro has competed and WON eight global blockchain startup competitions around the world. That is actually more than any other company on the planet.

 So, not only have we not seen any direct competition, the MonetaPro project was deemed one of the best against “ALL” other blockchain projects.

Competition/ Advantage MonetaPro

We are the only project in this space and the only one who has completed a working system for the Enterprise space. Over the last 18 months, we competed and won 8 Blockchain contests around the world (which is more wins than any other project). This gave us a lot of confidence that we had a good company, and there were no other companies trying to solve this big problem.

 We also have a very experienced team who has built other successful companies in the USA, and in Finance. In completing the IBM Blockchain integration, we are also one of the few companies in the world who now have a functioning system that is ready for customers. So, we are not a “project” like many others, we are a completed platform starting to roll out.

MonetaPro also has several advantages over other projects.

1- Completed Technology

MonetaPro is not a project like so many opportunities in the Blockchain space. We have a completed technology and closed-loop market place. It is running currently on AWS (Amazon Web Services) and is highly scalable for hundreds of thousands of concurrent transactions. MonetaPro has enterprise functions like hierarchy controls, user rights and authorities, credit controls, negotiation modules and more. This makes MonetaPro the only technology platform in the world, that we are aware of, which can function for B2B in a massive market like Global Barter. For the MON Token, we completed the regulation with Malta to become a VFA (Virtual Financial Asset), which makes the MON Token one of the few that have past the rigors of approval, which has helped created that as a legitimate project.

2- Blockchain Integration

MonetaPro investigated many different blockchain integrations. In the end, we worked with IBM to build the first ever Blockchain (actually IBM Hyperfabric) integration into SAP and Oracle. The ability for the MonetaPro invoice to communicate directly with the large accounting systems of Multi-national corporations, sets the platform apart from other technologies. Again, as far as we are aware, MonetaPro’s use of blockchain for asset management, supply chain, and audit trails, make the system very unique and valuable.

3- Big, big market

Most companies look for a $1 Billion dollar size market. For MonetaPro, we have $17 Trillion dollar market- which is B2B Corporate Barter. This actually rivals the size of the Amazon Market- which is B2C and estimated at $20 Trillion. This means MonetaPro has an opportunity capture and own a significant part of a large global market. MonetaPro is still the only company that has built a completed, B2B technology platform for such a large market. This means MonetaPro has a big opportunity to be successful.

4- Experienced Team

We have a team of people who has built other successful companies in the USA, and in Finance. This means we have built and created systems before. Many of our Team come from backgrounds in Finance, Software, etc. and have created or run public companies before.

5- Partnerships

We have completed a partnership with Artis Trade Corp). This is a 30-year-old company which has done over $1 Billion in prior Corporate Trade. The agreement is for Procur to start bringing on several of their clients for trading. There are three that are close to completion ($100MM+ in machinery, $15MM+ in Billboard Advertising, and $50MM+ in aeronautics equipment. 

So MonetaPro is built and ready to launch. The MON Token is generated and ready to list. 

And we are ready to build a successful company and have a successful token.

Can you please tell us more about the token economics of the project?

There have been several questions about our team, roll out strategy, token structure and more. 

We have a team of people who has built other successful companies in the USA, and in Finance. This means we have built and created systems before. Many of our Team come from Finance and Software and have created or run public companies.

Much of this information is available in the Private Data Room we have set up. There are introduction videos, management, white paper, a DEMO of the actual system working, a section on Tokenomics (which shows the amount of Tokens, etc.) links out to our press, news and more. 

All of our team members are listed there as well on both the management side and the advisors. Some Advisors are from Corporate/Banking/Finance, and others are from Blockchain. 

We have put all of that information there to help assure confidence in the project.  https://monetapro.io/ama-dataroom/

Many startups have failed to raise enough capital to finish their project or move forward. What can you do differently?

This idea with MonetaPro actually was first an idea for me in the year 2000 (almost 20 years ago). The idea was to build a global electronic currency for business payments. 

I had just sold my e-commerce company which was doing credit card transactions (Think PayPal before PayPal), and I wanted to revolutionize business payments. But, the technology did not really exist to build a system. 

With the advances in technologies, databases, Internet, and Blockchain, the opportunity was there to build and launch MonetaPro. 

We will be successful in building a Global Marketplace and creating a more fluid way for business to work with countries around the world. Dubai as an example, used to trade over $17B in food, but stopped because it was too complicated to do without an online platform. That is what MonetaPro does. 

The MON Token sits outside of the MonetaPro platform and can be traded, or returned to the company. Inside MonetaPro, the GBUC credit can change the way B2B commerce is done on a global basis.

So, we believe MonetaPro could be one of the global successes not only in Blockchain and Crypto, but something like Amazon as well.  Amazon in only a B2C platform, meaning Business to Consumer. It has an average sale of $87. 

MonetaPro is the world’s first B2B platform. In the business to business world for Corporate Barter, the average transaction is $1.5MM, so much bigger trades and opportunities.

MonetaPro can be successful on both worlds.

We have a small, experienced and dedicated team who has built the technology and created other successful companies. So, the team is small but capable.

We have advisors as well which are very experienced and involved.

You can see the team also here –  https://monetapro.io/ama-dataroom/

What Space are you in?

For the first part, MonetaPro, is a Fintech/Blockchain company and a very large space of what’s called Corporate Barter.

This is a $17 Trillion industry and it is where large companies trade assets with each other. 

Items like cars are traded for computers, or food for oil, or even media for airline seats.

If you think of a company like Amazon, which is a web-based marketplace, it’s primarily for Business to Consumer, and has an average sale of $84. We have built a marketplace, but for B2B where the average transaction for trade is over $1MM. 

The MonetaPro exchange provides a centralized global trading venue for companies to trade with existing partners as well as find new ones. Locating a trading partner is as simple as entering the type and amount of goods or services desired within the powerful search engine designed by MonetaPro. Negotiating and executing trades are both fast and easy.

Tracking and reporting trade activity is in real-time.

We have built the systems, and integrated port of our invoice systems into the IBM Blockchain- so we are one of the few early companies in the world that has gone live with an enterprise platform.

All aspects of ownership become decentralized and recorded, and the audit trail becomes more transparent and efficient. The system utilizes leading-edge, private blockchain technology to deliver better efficiency, more liquidity, and trust to the global trade industry.

The overall result? Lower transaction costs, ease of locating a new trade partner, executing a trade, and tracking each trade from start to finish.

The platform and systems are built and have started to roll out. We have created the MON Token to be able to trade outside the system.

Who are your Competitors?

As far as competition, we have not seen any direct competitors for the Global Trade space.

Even further, speaking of “competition”, MonetaPro has competed and WON eight global blockchain startup competitions around the world. That is actually more than any other company on the planet.

So, not only have we not seen any direct competition, the MonetaPro project was deemed one of the best against “ALL” other blockchain projects.

III. Technology

Why Invest with MonetaPro?

For the technology, we have already invested many millions of dollars into building the technology, doing partnership with IBM, and getting approval through Malta as a qualified VFA Token.  

We have taken many, many steps to not only make sure our project is successful, but also we wanted to be part of the new regulated environment moving forward. 

Getting approved in Malta means we have taken steps that few other companies in the world have done. This was important to us at MonetaPro as well because our actual Customers are the largest companies in the world.   

The MonetaPro platform and technology was completed and passed major stress testing to be able to handle hundreds of thousands of transactions per second.

We were then able to complete an integration between our invoice and IBM Hyperfabric Blockchain, and then have that IBM Blockchain hosted on Amazon Manage Blockchain Services (AMBS). 

We have started to file some patents and IP with one of the Top 25 law firms in the world. This will allow us to defend our technology in the world. 

There have been many successful conversations large companies which have provided inputs on how to improve our systems.

MonetaPro is technically a “closed-loop” system. This means all transaction occur only within the system. With the GBUC, it’s an internal credit that can only be spent in the system.

The GBUC can’t be stolen, used, or traded outside of the MonetaPro system, so that makes us very secure.

For MonetaPro, all companies have to be approved in the system and we control the amount of credit they receive and the trading they can do.

By only working initially with really big companies, it is easy to verify and validate all of the people who use MonetaPro as a trade platform.

We have spent the last 24 months in building the platform, winning contests, creating patents, speaking on panels and presenting, and dealing with some of the largest Companies and Countries. 

We have VERY vested in making MonetaPro successful as a global platform, and we want to build something that can rival Amazon (not compete with Amazon as we are B2B, so a different space), but a successful project that can have a major global impact. We want to be successful in doing something no one in the world has done before. 

This will also help us drive and ensure the value and price of the MON Token, which is on interest to all of us, including members of the team.

We are looking to raise additional capital now for sales people who can help bring MonetaPro to market.

Competition/ Advantage MonetaPro

The MonetaPro platform and technology was completed and passed major stress testing to be able to handle hundreds of thousands of transactions per second. 

We were then able to complete an integration between our invoice and IBM Hyperfabric Blockchain, and then have that IBM Blockchain hosted on Amazon Manage Blockchain Services (AMBS).

We have started to file some patents and IP with one of the Top 25 law firms in the world. This will allow us to defend our technology in the world.

There have been many successful conversations large companies which have provided inputs on how to improve our systems.

MonetaPro is technically a “closed-loop” system. This means all transaction occur only within the system. With the GBUC, it’s an internal credit that can only be spent in the system.

The GBUC can’t be stolen, used, or traded outside of the MonetaPro system, so that makes us very secure. 

For MonetaPro, all companies have to be approved in the system and we control the amount of credit they receive and the trading they can do. 

By only working initially with really big companies, it is easy to verify and validate all of the people who use MonetaPro as a trade platform.

So, a seller is given approval to list items with no limit.

BUT, we set the top dollar amount they are authorized to trade and receive GBUCS. There is on limit for cash. 

And a company does not receive the GBUC’s until they actually sell an item.

But again, if we are working with large companies, that already have a history of trading, then they will know and trust each other.

IV. Marketing and Community

Why Invest with MonetaPro?

To build a community MonetaPro has a strategy to attack on several fronts. 

1-   We have Michael Terpin as an advisor and going to help on the Public Relations and PR.  Michael and Transform Group helped launch 38 of the top 100 ICO’s and projects. He was involved with Brock Pierce and the team for EOS, and many others. So, we will have a very good PR Team to get the word out about MonetaPro for both the MON Token, and also to get new customers. 

Transform group has committed a $100,000 marketing budget to promote the company, and support the MON Token and the community.


2-   We are setting up a PR strategy for the Company to be able to promote stories around the customers, blockchain, IBM integration and more.


3-   As CEO, I am well known throughout the world and participate in many, many of the top conferences in the business space. To be on a panel or speakers at the large, large events adds to our credibility, and increases exposure.

 

4-   We are also setting two or three of the very best market makers to help keep up the liquidity of the MON Token and drive the value. As we add more customers, it will create more news, interest, and excitement in the MON and MonetaPro project. We plan to continue to get invited and speaking at these events (you can see some of the interviews, panels, and more on the web site.  There are also many news articles and press releases’ we have had with our success. You can see them on the web site here- News/ Press Releases/ Appearances – MonetaPro

 

5-   In the past, I have created several Public Companies in the USA which were on the OTC (which is a small cap company). It is very similar when you have a public stock that you have to create a good marketing program to drive interest in the Token, increase interest in the community, AND increase customers to use the MonetaPro platform. 

We are focused on building a successful company and project. Much like building a Public Company where you want to increase shareholder/token holder value, you do that by creating a company that generates revenue, has customers, and makes big progress. Our team has built other successful companies, and believe MonetaPro will be as well. 

 

6-   The MonetaPro platform is built, tested, and ready to scale and roll out. There is no direct competition yet that we have seen, so our opportunity to be the first Global B2B Marketplace is tremendous. 

Where Amazon has done really well, and is really big—but it is B2C (business to consumer). We want to be the same, except in B2B space. 

Again, we view the MON Token much like a Public Stock in the USA. This means supporting the community and shareholders, driving value, creating revenue, generating profit, and increasing value for the MON token and stakeholders.

V. Partnerships and Milestones

Why Invest with MonetaPro?

This is a good question and we’ve made good progress and continue to make more. As mentioned above, on the technology side, we completed the MonetaPro platform and launched it on Amazon after an investment from them.  Then, we completed the IBM integration and Amazon hosting for Blockchain.  On the customer side, we recently completed a sales partnership with Procur Global Services (formerly Artis Trade Corp). This is a 30-year-old company which has done over $1 Billion in prior Corporate Trade. The agreement is for Procur to start bringing on several of their clients for trading. There are three that are close to completion ($100MM+ in machinery, $15MM+ in Billboard Advertising, and $50MM+ in aeronautics equipment.  We are also in discussions with several other large companies with a history of trading, and also several Countries who also do Corporate Trading (which they call “swaps and flips”. Several of the countries in the UAE (United Arab Emirates) used to do a massive amount of Corporate Trade (mostly around Food, Travel, and Oil/Gas), but they stopped because there was not an easy way to track the trades and provide a good audit trail to make sure only legitimate partners were participating. 

These countries do several billions of dollars or trade, but it is all still manual. They want to bring it into an online trade platform, which is what MonetaPro is.

The big industries and companies we can approach around the world are companies in Automotive, Airlines, Hotels, Media, Food/Drink, Oil/Gas, Shipping and more. Most all of the companies in those industries do some type of trade, so it is a big market opportunity to go after.

MonetaPro solves all the problems for Countries to trade with other approved Countries and Companies. So, are partnerships early, but they are big opportunities and still growing.

Competition/ Advantage MonetaPro

MonetaPro has had many milestones. When we first put the project together in early 2018, there was a lot of excitement around Blockchain. But, there was also a lot of competition for good projects. We took about doing Global Startup Contests to see where we stood as a project and other companies.  

1- MonetaPro ended up winning EIGHT global contests (more than any other company in the world), all of which validated the MonetaPro project, company, and opportunity. We set about finishing the marketplace, another milestone.  

2- We completed the MonetaPro technology platform and stress tested it to over 300,000 concurrent transactions.

3- From there, we got an investment from Amazon to move the platform to AWS.  

4- Next up, we spent months with the team from IBM to integrate our invoice system into the Hyperfabric (milestone)

5- and then launch that component on the AMBS (Amazon Managed Blockchain Services) which was another milestone. 

6- For the MON Token, we worked with the Country of Malta to help craft the legal framework to become a qualified VFA (Virtual Financial Asset), and we passed rigorous testing and qualifications to get approved and certified. It was important for us to have the MON be qualified and accepted, as that helps add confidence in the project.

7- We have started to file some patents and IP with one of the Top 25 law firms in the world, we have had successful conversations large companies which have provided inputs on how to improve our systems.

Can you please tell us more about the token economics of the project?

We have a lot of momentum and achievements so far.

For the next 6 months, we have several goals and milestones to accomplish.

1- Finalize a few of our early charter member companies to launch in MonetaPro. We have some partnerships that have been announced.


2- Finish with the exchange listing for the MON token so we will be live for trading. We have been approved one two and are selecting a third. We will then make a final decision. 


3- We also have a $100,000 PR and Marketing strategy lined with Transform group (which is the top PR company in the industry. Transform helped launch 39 of the top 100 most successful projects. 

Thus, we are set up to promote and support the MON token.


4- We have spent the last 24 months in building the platform, winning contests, creating patents, speaking on panels and presenting, and dealing with some of the largest Companies and Countries. 

We have VERY vested in making MonetaPro successful as a global platform, and we want to build something that can rival Amazon (not compete with Amazon as we are B2B, so a different space), but a successful project that can have a major global impact.


5- We have just completed an agreement with a company in Dallas, TX USA. This company is over 30 years old and has done over $1B in Company Barter. They have agreed to start to bring on several of their existing clients.  


6- We also have conversations ongoing (a little slower due to COVID), but those are with big companies like IBM, Maersk, and even within countries we have partnership conversations going with Dubai and Abu Dhabi.

The countries do several billions of dollars or trade, but it is all still manual. They want to bring it into an online trade platform, which is what MonetaPro is.



7-For Token Support, we have partnered with Michael Terpin and Transform Group. Mr. Terpin runs Coin Agenda, is a Top Bitcoin Whale, and has the PR company.

Transform has committed $100,000 for marketing, PR and support for MonetaPro, and the MON Token. This means there will be much awareness and support all of which is important.

We want to be successful in doing something no one in the world has done before. This will also help us drive and ensure the value and price of the MON Token, which is on interest to all of us, including members of the team. 

So yes. We are not a “project”, or a theory. We are a working blockchain company with a token that has been approved through Malta as a regulated asset.

We have been successful in raising private capital to build the systems. So that risk part is done.

Now, we are doing the Private Sale and AMA to raise a small amount of capital to increase our sales team and get customers to be successful. As we are based in the USA, we are set up similar to Ripple- where we have MonetaPro corporate, and the MON Token. Again, similar to Ripple labs for the technology, and the XRP Token, which is free trading.  

We will have an additional small capital round in the USA, but for corporate strategic partners.  We have some good momentum in those conversations, and many of the big companies we are talking to also have a Corporate Venture arm. So, getting a big company as a client, can also garner strategic capital and investments.

 We have set the MON token up to generate a small amount of capital for the company, and then use that to roll out to customers and drive revenue- both of which will drive value for the MON token, and also help ensure the success of the company, the project, and protect the MON token holders as investors. 

We have some additional information about the MON Token available here- https://monetapro.io/wp-content/uploads/2020/11/MP-AMA-FAQ.pdf

If you want to see the many, many events we have spoken at and participated in, you can see a travel video here. Also, there is a section of Videos on “Blockchain and Business”, and you can see more about me, my speaking style, my thoughts and insights on the industry, how we add value, our input in the industry and more- http://thebullseyeguy.com/videos/

Many startups have failed to raise enough capital to finish their project or move forward. What can you do differently?

This is a good question and we’ve made good progress and continue to make more. As mentioned above, on the technology side, we completed the MonetaPro platform and launched it on Amazon after an investment from them. 

Then, we completed the IBM integration and Amazon hosting for Blockchain. 

On the customer side, we recently completed a sales partnership with Procur Global Services (formerly Artis Trade Corp). This is a 30-year-old company which has done over $1 Billion in prior Corporate Trade. The agreement is for Procur to start bringing on several of their clients for trading. There are three that are close to completion ($100MM+ in machinery, $15MM+ in Billboard Advertising, and $50MM+ in aeronautics equipment.  

We are also in discussions with several other large companies with a history of trading, and also several Countries who also do Corporate Trading (which they call “swaps and flips”. Several of the countries in the UAE (United Arab Emirates) used to do a massive amount of Corporate Trade (mostly around Food, Travel, and Oil/Gas), but they stopped because there was not an easy way to track the trades and provide a good audit trail to make sure only legitimate partners were participating. 

MonetaPro solves all the problems for Countries to trade with other approved Countries and Companies.

So, are partnerships early, but they are big opportunities and still growing.

As a target, here is a breakdown of the companies we are going after. Our goal is to get 1-3 of these really big companies to start using MonetaPro for all of their trading, which would mean they would help bring on other companies.  

And, the trade volume they are doing manually, could all come into MonetaPro. 🙂

We like to compare MonetaPro to Amazon. 

Amazon is Business to Consumer. 

MonetaPro is Business to Business.

So, we do not compete with Amazon, but have the same kind of opportunity. 

This would make MonetaPro and the MON a big opportunity.

VI. Tokens

Why Invest with MonetaPro?

The name of the token is MON, which stands for Money.

 We have a VERY unique program with the Token. The MON Token is an ERC20 Token, and will be listed on several exchanges. We already have approval for one exchange in Malta, and are trying to finish the paperwork and approval for one in Singapore (which would also allow US investors, and a bigger investment market for the MON).

Competition/ Advantage MonetaPro

The supply is a fixed 300MM. The token has been allocated among existing investors, management, and available for the presale.

The MON token is listed now on UniSwap and available for purchase directly. 

Can you please tell us more about the token economics of the project?

The full tokenomics are available on the web site. 

There is a narrated video and presentation that outlines the distributions. 

All of that is available here: AMA Data Room – MonetaPro

Many startups have failed to raise enough capital to finish their project or move forward. What can you do differently?

The MON Token is an ERC20 Token, which makes it easily accepted on exchanges and traded. The MON token does not operate or function within MonetaPro, so it was not a scalability issue. We are not using the MON for transactions inside the system or settlement, so ERC20 was the best choice for the Token.  Within MonetaPro, we have web based technology that is not based on blockchain (again, think of Amazon which is a website without blockchain). Our invoice system “IS” on blockchain, but the function of the Blockchain is to integrate, communicate, and update global accounting systems (SAP and Oracle), where large companies use to keep track of their inventory. We investigated THREE different options for the blockchain within MonetaPro:

#1- Build our own “proprietary” technology,

#2- Build on stellar, graphene, multichain, EOS (founders are good friends of mine), ETH, etc., OR

#3- Pick a big name like IBM and partner to build with them. 

We chose option #3. 

By using IBM Blockchain, we have more credibility in speaking with the big companies as our customers. 

The blockchain invoice we have created does not have a scale issue as we are not using it for settlement. We use the invoice blockchain to attach a data asset record, remove it from an SAP inventory module, and transfer that asset record to the acquiring party. Last, the GBUC, which again the “internal trade unit”, in NOT only the blockchain. It is technically called a ledger credit, and thus can only be used internally. 

As an internal credit, the GBUC exists on the MonetaPro database, and thus can settle “IMMEDIATELY”, which makes it better than a blockchain credit. The GBUC enables a company to sell goods, earn the GBUC credit, and then spend it on other items (all of which occurs without blockchain).

Transfer Pricing

We have a VERY unique program with the Token. The MON Token is an ERC20 Token, and will be listed on several exchanges. We already have approval for one exchange in Malta, and are trying to finish the paperwork and approval for one in Singapore (which would also allow US investors, and a bigger investment market for the MON). 

For the token distribution, there is a fixed number of tokens (300MM). We don’t have a burn program to reduce liquidity, we have a “return” program, which is VERY unique.

Within MonetaPro, we have an internal Trade Finance Credit called a GBUC (pronounced G-Buck- which stands for a dollar). Inside the MonetaPro system, the GBUC is stable and always equal to $1USD, so it’s a type of stable coin (or like a store credit). This means the value of the GBUC inside MonetaPro will always be $1. 

We have a “conversion” option for the MON Token holder, where you can choose to “return” your MON to the company, and MonetaPro will offer you a separate GBUC inside the system. This means you can convert your MON Token for a $1 return. The GBUC will then be available to use on items which will be available in the MonetaPro Marketplace. 

Think of it like having a $1,000 store credit in Amazon, that could only be spent in Amazon. The GBUC act like a store credit inside MonetaPro. So this conversion acts as a type of “buy back” guarantee, and also a type of Token “Burn”, as this will remove tokens from the total supply in the Market and return them to the company. 

We believe this adds value to the MON Token as the Presale price right now is $0.05 (wish some bonus available), and will be able to be sold on a future exchange, or returned to the company for a $1 credit.

Again, we have a full video on our tokenomics available here – https://monetapro.io/ama-dataroom/

Does MonetaPro have a benevolence program?

The Presale has started now and the MON s priced at $0.05.  We are only looking to do about $1.5MM-$3MM total for the presale.

We did a prior private round in 2018/2019 in which we raised about $3MM, which went to building, enhancing, integrating and completing the MonetaPro technology platform.

We believe there may be one more phase, if needed, to raise an expansion round. 

The Token has been created as an ERC-20 unit, which makes it easy for transfer, trade, and sale.

To get involved in the Presale, we’ve created a Uniswap account to make the purchase as seamless as possible for everyone.

The address is here for those who are interested:

1-   Go to: https://app.uniswap.org/#/swap

2-   Search for Token and paste the address:   0x60b88f7f48d46f0e5c3540a2c9b25b4d64632d23

3-   Select Token MON and add to your list.

4-   Connect your Wallet

5-   Select amount to purchase. 

We have also received approval on two exchanges, which we are evaluation.

We will use a $100,000 promotion program with the Top PR firm in the industry- Michael Terpin and Transform Group. They have helped launch 37 of the top 100 tokens.

So, we have lots of support to help back up the Token and the Community.

All of that is available on the web site: https://monetapro.io/ama-dataroom/

How do you plan to spread your understanding of the project in different countries where spoken English is not the primary language?

The MON Token is an ERC-20 token, which means it easy to list, trade, and sell. The MON is being offered for the AMA at $0.05. 

We have been approved on two exchanges and are working on a third (which would also allow US investors). Our goal is to have our final approval and go live on an exchange within a few months. This would mean the MON would be fully traded on an exchange. And, we have an alternative liquidation opportunity. Within MonetaPro platform, we have an internal unit (not a blockchain token or crypto) called a GBUC, which stands for General Business Usage Credit. This internal GBUC is always equal to $1.00.  If you participate in the AMA offering, you will have the option to “return” your MON token to MonetaPro. The Company will then issue you a GBUC credit for each MON token. This means your MON token purchased at $0.05 will always have a trade-in value within the system equal to $1. Think of MonetaPro sort of like Ripple, where that is the technology, and the XRP Token is traded separately from the ripple technology for banks. The MON token is traded separately, but it can be returned to MonetaPro for a $1 GBUC- which again makes us very unique with two different liquidity options. 

We believe this adds value to the MON Token as the Presale price right now is $0.05 and will be able to be sold on a future exchange, or returned to the company for a $1 credit.

Again, we have a full video on our tokenomics available here- https://monetapro.io/ama-dataroom/

https://monetapro.io/wp-content/uploads/2020/11/MON-Presale-Agreement-11-30-2020-final.pdf

VII. GBUCs

Why Invest with MonetaPro?

The GBUC, which again the “internal trade unit”, is NOT on the blockchain. It is technically called a ledger credit, and thus can only be used internally.

 As an internal credit, the GBUC exists on the MonetaPro database, and thus can settle “IMMEDIATELY”, which makes it better than a blockchain credit. 

The GBUC enables a company to sell goods, earn the GBUC credit, and then spend it on other items (all of which occurs without blockchain).

This means the GBUC can’t be stolen, doesn’t fluctuate, and isn’t on the blockchain, so it’s not subject to settlement fees or latency. The internal GBUC ledger credit is the only system that can provide true security inside a closed system.

Competition/ Advantage MonetaPro

Lets explain this in 2 parts:

Part 1)

Current companies do most corporate trade manually and one-to-one. MonetaPro has created a one-to-many where company can list goods, receive GBUC credits, and then use those credits to buy other items.

You never convert to cash or fiat, you can conduct international transactions, and you can do all of this within a closed, trusted market.

For the adoption, we have focused on large companies with a history of trading. This means if we get a few large companies, they will bring on their existing trade partners as part of the MonetaPro Platform.

Where most complex trades are done manually, MonetaPro is a platform which makes it very easy to do several things for companies.

We have the following. 

1- easy to list your item

2- set your own price

3- when sell an item receive GBUCs

4- use our search engine to find other items

5- easily acquire the items

6- Blockchain updates inventory modules

7- blockchain writes and provides an audit trail.

Because MonetaPro has a hierarchy feature, you can easily move credits around from a sales department to purchasing, etc. 

So, we take what is very manual for companies and automate it inside a global technology platform.

For the companies, we use a formula I created called ELT=V, which is Efficiency, Liquidity and Trust= Value. For big companies, if they are doing Trade, it is manually done. 

So, we provide an efficiency with the technology platform. Liquidity comes from a company’s existing Trade Partners, so we don’t have to promise to bring them new customers. The Company can trade with other companies they know. 

This leads to the “Trust” part, where companies can trade with others that they already know and trust.

And we do something really cool with Pricing to eliminate currency fluctuation risk by “floating” the price.

This part is important too. For the Blockchain component with IBM provides another level of trust. We use to blockchain for TWO things. 1- to update accounting modules. And 2- we write a blockchain contract for an audit trail. This can prove that items (say $1MM in cars as an example), were removed from inventory and transferred to a third party within MonetaPro. You need to prove those items were moved and not just stolen, so the trust of the blockchain can provide that audit trail.

This means we are using the Blockchain as an enterprise solution for really big companies. We are still one of the few companies in the world to complete a platform, test the technology and successfully integrate in with IBM.

 

Part 2)

Within MonetaPro platform, we have an internal unit (not a blockchain token or crypto) called a GBUC, which stands for General Business Usage Credit. 

This internal GBUC is always equal to $1.00.  

So, this makes trading and transparency across international markets much easier.

For the investor, we have a VERY unique TOKEN program as well. 

If you participate in the AMA offering, you will have the option to “return” your MON token to MonetaPro. The Company will then issue you a GBUC credit for each MON token. This means your MON token purchased at $0.05 will always have a trade-in value within the system equal to $1.

Think of MonetaPro sort of like Ripple, where that is the technology, and the XRP Token is traded separately from the ripple technology for banks. The MON token is traded separately, but it can be returned to MonetaPro for a $1 GBUC- which again makes us very unique with two different liquidity options.

We have a VERY unique program with the Token. The MON Token is an ERC20 Token, and will be listed on several exchanges. We already have approval for one exchange in Malta, and are trying to finish the paperwork and approval for one in Singapore (which would also allow US investors, and a bigger investment market for the MON).

So, in a typical sense, the MON will be traded on an exchange and have value.

But, we have something unique as well. We have a “conversion” option for the MON Token holder, where you can choose to “return” your MON to the company, and MonetaPro will offer you a separate GBUC inside the system. This means you can convert your MON Token for a $1 return. The GBUC will then be available to use on items which will be available in the MonetaPro Marketplace. 

Think of it like having a $1,000 store credit in Amazon, that could only be spent in Amazon. The GBUC act like a store credit inside MonetaPro. So this conversion acts as a type of “buy back” guarantee, and also a type of Token “Burn”, as this will remove tokens from the total supply in the Market and return them to the company.  

We believe this adds value to the MON Token as the Presale price right now is $0.05 (wish some bonus available), and will be able to be sold on a future exchange, or returned to the company for a $1 credit.

VIII. Miscellaneous Questions

Why Invest with MonetaPro?

There have been many exit scams, and many projects that made promises, but never even built any technology. They were paper tigers.

We wanted to make sure and build a successful project, complete the technology, get approval, and create a Company and Token in the Blockchain space that could be very successful and profitable for everyone.

Our team has had accomplishments in building other technology companies, and creating several US Public Companies, which is very difficult. 

We have already invested many millions of dollars into building the technology, doing partnership with IBM, and getting approval through Malta as a qualified VFA Token. 

We have taken many, many steps to not only make sure our project is successful, but also, we wanted to be part of the new regulated environment moving forward. Getting approved in Malta means we have taken steps that few other companies in the world have done. 

This was important to us at MonetaPro as well because our actual Customers are the largest companies in the world. We have spent the last 24 months in building the platform, winning contests, creating patents, speaking on panels and presenting, and dealing with some of the largest Companies and Countries. 

We have a VERY vested in making MonetaPro successful as a global platform, and we want to build something that can rival Amazon (not compete with Amazon as we are B2B, so a different space), but a successful project that can have a major global impact. 

We are set up and ready to support the MON token in the Marketplace, and to have a successful company with real customers and real successes. 

We want to be successful in doing something no one in the world has done before. This will also help us drive and ensure the value and price of the MON Token, which is on interest to all of us, including members of the team.

We are focused on building a successful company and project. 

Much like building a Public Company where you want to increase shareholder/token holder value, you do that by creating a company that generates revenue, has customers, and makes big progress. Our team has built other successful companies, and believe MonetaPro will be as well. The MonetaPro platform is built, tested, and ready to scale and roll out. 

There is no direct competition yet that we have seen, so our opportunity to be the first Global B2B Marketplace is tremendous. MonetaPro is not a local solution, it is global. A single company like Ford Cars can trade with hundreds of other companies around the world.  

So a single company on MonetaPro can bring lots of other companies on to do more trading. 

We are looking at a long-term company to be successful. Where Amazon has done really well, and is really big—but it is B2C (business to consumer). We want to be the same, except in B2B space.

Competition/ Advantage MonetaPro

We have been successful in raising private capital to build the systems. So that risk part is done. Now, we are doing the Private Sale and AMA to raise a small amount of capital to increase our sales team and get customers to be successful. 

For the technology, we have already invested many millions of dollars into building the technology, doing partnership with IBM, and getting approval through Malta as a qualified VFA Token.  We have taken many steps to not only make sure our project is successful, but also we wanted to be part of the new regulated environment moving forward. Getting approved in Malta means we have taken steps that few other companies in the world have done. This was important to us at MonetaPro as well because our actual Customers are the largest companies in the world. 

 

We have spent the last 24 months in building the platform, winning contests, creating patents, speaking on panels and presenting, and dealing with some of the largest Companies and Countries.  We have VERY vested in making MonetaPro successful as a global platform, and we want to build something that can rival Amazon (not compete with Amazon as we are B2B, so a different space), but a successful project that can have a major global impact. We want to be successful in doing something no one in the world has done before.  This will also help us drive and ensure the value and price of the MON Token, which is on interest to all of us, including members of the team. We are looking to raise additional capital now for sales people who can help bring MonetaPro to market. For how we generate profit, MonetaPro is an “Enterprise Software” platform, and as such we have three revenue streams. For the big companies, we have an onboarding fee (which a company pays to get set up and customized in the system), a monthly hosting fee (very typical for enterprise software), and a transaction fee for the trades within the platform. There is very little cost for the company in hosting and running the platform, which makes MonetaPro very profitable with big companies when they come on as most of the revenue becomes profit. 

Many startups have failed to raise enough capital to finish their project or move forward. What can you do differently?

We have been successful in raising private capital to build the systems. So that risk part is done. Now, we are doing the Private Sale and AMA to raise a small amount of capital to increase our sales team and get customers to be successful. 

As we are based in the USA, we are set up similar to Ripple- where we have MonetaPro corporate, and the MON Token. Again, similar to Ripple labs for the technology, and the XRP Token, which is free trading.  

We will have an additional small capital round in the USA, but for corporate strategic partners.  We have some good momentum in those conversations, and many of the big companies we are talking to also have a Corporate Venture arm. So, getting a big company as a client, can also garner strategic capital and investments. 

We have set the MON token up to generate a small amount of capital for the company, and then use that to roll out to customers and drive revenue- both of which will drive value for the MON token, and also help ensure the success of the company, the project, and protect the MON token holders as investors. 

We have some additional information about the MON Token available here- https://monetapro.io/wp-content/uploads/2020/11/MP-AMA-FAQ.pdf 

If you want to see the many, many events we have spoken at and participated in, you can see a travel video here. Also, there is a section of Videos on “Blockchain and Business”, and you can see more about me, my speaking style, my thoughts and insights on the industry, how we add value, our input in the industry and more- http://thebullseyeguy.com/videos/

Transfer Pricing

Within MonetaPro there are several key features.

1- The company can list their own items (think like ebay).

2- The company sets the “PRICE” it would like to receive. BUT, that price is set in US Dollars ($1).

3- The company decides how it would like to get paid.

MonetaPro accepts several payment options, including cash, which we do through credit card, or ACH. By accepting ACH payments, we can do transactions that are in the Millions of dollars, which can’t be done on the credit card network.

But, the cool, unique part, the the GBUC, which stand for General Business Usage Credit.

This GBUC is equal to one dollar, and thus doesn’t fluctuate.

If a company lists a product and accepts GBUCS, they will receive the credits, which can then be used internally to purchase other goods and services on the MonetaPro platform.

So, a company can sell goods into a foreign country, receive credits, and use them to buy other items, all without ever converting to cash.

This really makes the GBUC act more like a global “currency”. 

Shhhh… We don’t like to say that out loud, but yes. We can do cross border transactions with the GBUC acting like a global currency, but can only be used in the system.

I just did a video on the GBUC as a global currency, and you can see it here- https://youtu.be/rKGP29gwUuM

Does MonetaPro have a benevolence program?

With MonetaPro, there are some interesting potential tax advantages, especially for US based customers.

In the MonetaPro Exchange, the following happens.

1- You list items for sale/trade

2- You can sell for cash/fiat.

3- You can also list and sell for GBUCs (pronounced G-BUCKs), and it stands for General Business Usage Credit.

4- When you sell an item, you receive credits:

a. Example: Sell $20MM in cars and receive $20MM in GBUCs

5- You can now use the GBUCs’ to acquire other items that will be listed within the MonetaPro platform.



With those transactions, two things potentially happen:

1- You spend ALL of your credits before the end of the year, and are left with a $0 balance in your GBUC account. Or,

2- You have a “balance” left if your account—which you would be taxed on for the value left if your account.

So if you sold $20MM in cars, and spent $15MM in GBUCs to acquire other items, you would be left with $5MM in your account (and potentially taxable).

The idea of a “Corporate Benevolence” program is to encourage the company to “donate” their $5MM in GBUCs to a notable or approved Charity.

This means the company would remove their tax liability.

 And, the receiving charity would then have $5MM in GBUCs that could be used to acquire needed items within MonetaPro (cars, travel, computers, food, electronics, etc.)

How do you plan to spread your understanding of the project in different countries where spoken English is not the primary language?

There are several answers to this.

First on the MON Token side, we will look to work with local market makers, and possibly promoters (but we want to be very careful). We are not looking/trying to just pump the MON. We want to add value to add by building the MonetaPro Company. 

Which leads to the second part of “spread in different companies”. Our go to market strategy for MonetaPro is very direct. It is something I developed from before called “The BullsEye” system. We have looked to target very specific companies that already have a history of trading with other known and trusted partners. For instance, one Company we are talking to now for a partnership is Maersk Shipping. This company will trade space or capacity on a ship for other items they may want or need. The other companies they trade with are from all over the world. 

So, our focus in not on a country or region, it’s on specific companies with a history of trading. 

We use a formula I created called ELT=V, which is Efficiency, Liquidity and Trust = Value. 

For big companies, if they are doing Trade, it is manually done. So, we provide an efficiency with the technology platform. Liquidity comes from the company’s existing Trade Partners, so we don’t have to promise to bring them new customers, the Company can trade with other companies they know. This leads to the “Trust” part, where companies can trade with others that they already know and trust. So, for price, deliverables, customs, etc. we don’t have to vouch for the companies, they are already part of a trusted network. 

Then, the Blockchain component with IBM provides another level of trust. We use to blockchain for TWO things. 1- to update accounting modules. And 2- we write a blockchain contract for an audit trail. This can prove that items (say $1MM in cars as an example), were removed from inventory and transferred to a third party within MonetaPro. You need to prove those items were moved and not just stolen, so the trust of the blockchain can provide that audit trail.

Does MonetaPro accept Cash / FIAT? What is the G-BUC credit function?

We actually do accept cash/fiat as an option.

The seller can pick many ways to get paid. 

1- Cash (credit card or wire transfer)

2- GBUCS only

Or, the seller can also “split” the transaction where it is part cash and part GBUC.

We also have a negotiation module built in for the parties.

And, we have an escrow feature, which mean you pay for a percentage up front, and the remainder on delivery and acceptance.

So, for bigger transactions in the multi millions, we offer the only solution in the world for B2B transactions.

Then, we have a really cool part with a floating price.

Lets say you are selling an item and the IDR to the US Dollar is 15,000 to $1. 

If you were to sell an item in MonetaPro, you would LIST it in US Dollars.

So, if you wanted $1 Million today for a container, based on 15,000 IDR, that would be your price.

HOWEVER, the price may change tomorrow if the IDR went up or down against the Dollar.

So, as a Buyer, I would have to contact the seller to ge the “new” price based on the fluctuations.

What we do is “PEG” the price of your item to your own IDR currency. 

What does that mean? If you list and want $1MM today is USD. But tomorrow, when someone sees your product, the MonetaPro system will “ping” your IDR to the USD and “adjust” the price accordingly!

This may not make sense, but it is really, really cool.  

We can float the price in the system to protect the seller and create a more stable global marketplace.

Is Moneta Pro intended only for large companies? Do you also plan to reach out to small retailers?

Our go to market strategy for MonetaPro is very direct. It is something I developed from before called “The BullsEye” system. 

We have looked to target very specific companies that already have a history of trading with other known and trusted partners. For instance, one Company we are talking to now for a partnership is Maersk Shipping. 

This company will trade space or capacity on a ship for other items they may want or need. The other companies they trade with are from all over the world. So, our focus in not on a country or region, it’s on specific companies with a history of trading. So, for price, deliverables, customs, etc. we don’t have to vouch for the companies, they are already part of a trusted network. 

So, we have focused on very large companies because they already have BIG volume and an existing trade network.

Here’s a slide that shows how we arrived at target companies.

1- Look at 2000 largest companies in the world

2- Find all that are in top industries for trading

3- Find article and press that shows which companies trades

4- Find ones we have access to

5- Pick the best ones with the most volume. 

All of this keeps us very focused and give the ability to grow very big, very fast.

 For small retailers, MonetaPro is still an option, but it is much harder to target, market and access them. It is very time consuming and expensive. And, in the end, the small retailers do not bring much volume.

That is not to say small retailers can’t sign up and use MonetaPro. But, we just decided to focus on really big companies that have their own existing trade partners and volume.

Yes. we could be a marketplace, like an Amazon or Alibaba. But, we are starting with big companies and B2B first- which neither of those two platforms address.

Again, think of the strategy with Ripple. They focused technology first on the very big banks in the US like Wells Fargo. Ripple can also work for small banks around the world. But, there is bigger success if you can first get big companies.

How has MonetaPro been affected by Covid? Post-Covid plans?

MonetaPro has a strategy to attack on several fronts. Both with Marketing and COVID, which has actually opened some opportunities.

For marketing, we have Michael Terpin as an advisor and going to help on the Public Relations and PR.  Michael and Transform Group helped launch 38 of the top 100 ICO’s and projects. He was involved with Brock Pierce and the team for EOS, and many others. So, we will have a very good PR Team to get the word out about MonetaPro for both the MON Token, and also to get new customers. 

As CEO, I am well known throughout the world and participate in many, many of the top conferences in the business space. To be on a panel or speakers at the large, large events adds to our credibility, and increases exposure.

We are also setting two or three of the very best market makers to help keep up the liquidity of the MON Token and drive the value. As we add more customers, it will create more news, interest, and excitement in the MON and MonetaPro project. 

We plan to continue to get invited and speaking at these events (you can see some of the interviews, panels, and more on the web site. There are also many news articles and press releases’ we have had with our success.

COVID has actually been interesting. It has initially slowed down the conversations we had with the really big Companies and Countries. But now, it has opened an opportunity. Many of these companies are struggling to move their products and inventory and not everyone has Cash/Fiat. MonetaPro operates on an internal Trade Finance Credit, which can help companies move inventory, receive Trade Finance Credits, and then acquire other items they want or need—all without using cash.  

So, there is very much high interest in MonetaPro and how it can help the companies.  We also have a COVID Supply Chain solution that is part of MonetaPro and can help companies move their items around.

Regulation of MonetaPro

And again, in our Data Room is an narrated presentation that talks about this directly. But to your question. The MON Token is an ERC20 Token, which makes it easily accepted on exchanges and traded. 

The MON token does not operate or function within MonetaPro, so it was not a scalability issue. We are not using the MON for transactions inside the system or settlement, so ERC20 was the best choice for the Token.  

Within MonetaPro, we have web based technology that is not based on blockchain (again, think of Amazon which is a website without blockchain). Our invoice system “IS” on blockchain, but the function of the Blockchain is to integrate, communicate, and update global accounting systems (SAP and Oracle), where large companies use to keep track of their inventory. 

We investigated THREE different options for the blockchain within MonetaPro. 1- Build our own “proprietary” technology , 2- Build on stellar, graphene, multi-chain, EOS (founders are good friends of mine), ETH, etc., or 3- Pick a big name like IBM and partner to build with them. 

We chose option 3. 

By using IBM Blockchain, we have more credibility in speaking with the big companies as our customers. The blockchain invoice we have created does not have a scale issue as we are not using it for settlement. We use the invoice blockchain to attach a data asset record, remove it from an SAP inventory module, and transfer that asset record to the acquiring party. Last, the GBUC, which again the “internal trade unit”, in NOT only the blockchain. 

It is technically called a ledger credit, and thus can only be used internally. As an internal credit, the GBUC exists on the MonetaPro database, and thus can settle “IMMEDIATELY”, which makes it better than a blockchain credit. The GBUC enables a company to sell goods, earn the GBUC credit, and then spend it on other items (all of which occurs without blockchain).