Mensarii seeks to create a digital credit union that can help users to avoid the drawbacks and expensive fee structures associated with the traditional banking services. It aims to build a reliable and economical payment processing solution based on cryptocurrency transactions. The advantages of the system lie in its democratic approach. Mensarii platform permits the members to participate in its governing activities by providing an option to exercise voting powers. Before implementing policies and announcing the rules, the members need to voice their opinion through their votes. Thus, Mensarii places more significance on group decisions and community support. Just as a conventional credit union it would provide a wide range of monetary services, but with more credibility and cost-effectiveness.
Features of Mensarii
- The foremost feature of Mensarii as a blockchain community is that anyone can be a member of the Union without making any kind of payments or buying their tokens. It also features a no-fee account system (except gas fees) for the users.
- Members have an option to transfer their cryptocurrency to an optional bank. Once the connection is verified the bank would issue a debit card. The users can thus easily convert tokens into fiat money and use the debit card for making their routine purchases.
- Members can participate in community lending programs. The lending members can benefit from the interest paid by the borrowers. No fees are charged for using the platform for lending services.
- Mensarii shall not charge the users for availing the support services offered by the platform.
- The members are provided with a prepaid credit card. This card can be used for making purchases from vendors worldwide. The card can be funded using Mii tokens.
The team behind Mensarii
Yongping Luo is the Core Developer of the Mensarii platform. He holds a PhD in Mathematics. He has previously worked for the cryptocurrency exchange as a lead mathematician.Bernie Pollard is a key member of the core team. He is the Head of North American Operations. He is an experienced B2B developer. He is the CEO Partner and Tribal Chairman at Cultural Horizons LLC.
Shannon Holsey is the Community Governance Advisory at Mensarii. She has been a member of the Tribal Council for 8 years. She has served the Stockbridge-Munsee band for 2 years as the President. She has worked for North Star Mohican Casino as a director of hospitality.
Jason McKinley is the Director of Software Development and a Core Developer at Mensarii. He has over14 years of experience in designing web applications and internet solutions.
Should you invest in Mensarii?
Mensarii is a breakthrough blockchain venture that seeks to provide a wide range of credit and payment solutions for its users. The purpose of the venture is to promote the use and growth of cryptocurrency transactions. As a crypto-based credit union, it would also provide lending services. Since the work plan of the venture has lots of scope in today’s economic structure, Mensarii can definitely turn out to be a profitable venture for the investors.
The funding goal for pre-sale is 3,500 ETH.
The funding goal for token sale is 18,500 ETH.
Pre-sale starts on 1st June 2018 at 12 PM GMT.
Pre-sale ends on ends on 30th June 2018 at 23.59 PM GMT.
Token sale starts on 1st July 2018 at 12 PM GTM.
Token sale ends on 31st August 2018 at 23.59 PM GTM.
Token Sale
- First 262,500,000 Mensarii (Mii): 75,000 Mensarii (Mii)= 1 ETH.
- Next 156,250,000 Mensarii (Mii): 62,500 Mensarii (Mii)= 1 ETH.
- Remaining Mensarii (Mii): 55,000 Mensarii (Mii)= 1 ETH.
- 55% Token sale
- 20% Core Development
- 10% Founders
- 10% Reserves
- 3% Advisory
- 2% Bounty
Website: https://www.mensarii.io
Whitepaper: https://raw.githubusercontent.com/Mensarii/mensarii-whitepaper/master/whitepaper.pdf
Telegram: https://t.me/Mensarii_ICO
Posted from my blog with SteemPress : https://icoshrimp.com/mensarii-brings-the-first-decentralized-credit-union-and-payment-processing-system/