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The monetize team announced that their Internal exchange will open tomorrow February 28th at 12:00pm est. They also announced that the campaigns formerly known as lending will also start within 48 hours after the internal exchange opens. This is great news.
The email below was sent out by the Monetize team so credit to them.
Dear Investor
Our internal Exchange is going to launch tomorrow the 28th of February at 5 PM GMT/UTC.
We delayed the launch of our exchange, (our internal deadline was the 24th Feb) due to the issues we have seen other platforms face, we have spent the last week doing extra bug testing with our community beta testers and our developers.
We now feel we have a solid exchange in place and can launch it.
Not only does our internal exchange work with both Bitcoin and Ethereum, our matching engine can match buy and sell orders cross currency, a Buy order in Bitcoin can match against a Sell order in Ethereum, we do this internally at market rates with no extra fees to the user.
Not only does this offer twice the liquidity pool for the exchange, it also allows you to keep both currencies on the platform without having to exchange them externally for a fee.
Our internal exchange uses a Maker-Taker fee model, limit orders are charged a fee of 0.25% and Market orders are charged a fee of 0.35%
Campaigns
On the 8th of February, we sent you an email with the subject "Lending and the future of our business" stating that we will no longer use the words "lending program" but instead we will use the word "Campaigns", this is an update on our Campaign system.
The campaign system will then take the MNZ utility tokens and use them to buy and sell web traffic. You will build a campaign by allocating MNZ tokens to our Monetization Engine; our system will then use the value of those tokens to generate you a profit which will then be returned to you as USD.
This system will work in exactly the same way as lending works but we will use different terms and words.
Our campaign system will launch around 48 hours after the internal exchange launches, we did want to release this earlier but due to the extra testing we have performed on our exchange we had to push this back a little, I do hope you can understand why this was necessary, bugs with exchanges can destroy a platform.
Unlike other platforms, we will not be doing any special campaign rates, after observing other platforms and how they have failed, it is clear that attempting to artificially manipulate the price of the coin does not work.
Our plan is to build a long-term sustainable business with steady and reliable growth, for that reason, our token price will always be pegged to the exchange at a true one-to-one rate.
To incentivize our users to use the campaign system we are running a special offer, from our marketing budget.
For every token you use in the campaign program we will enter you into a raffle for a chance to be one of ten people who receive an immediate $10,000 paid directly in BTC or Ethereum available for instant withdrawal.
We feel this method is much more sustainable as we can predict and budget our expenditure.
What happens next? Our plans for the future.
Some of the features and plans we have for the short-term future are as follows.
Marketing
Once the internal exchange and campaign system are running smoothly we will ramp up our marketing again using Facebook ads, the Google display and search network, Youtube video ads and display media buying.
Our target market is not the typical ICO crypto investor, but the average joe who wishes to invest in cryptocurrency, think more along the lines of the average USI-Tech investor.
Mobile App
We will be releasing a mobile app, this will allow you to build campaigns and trade on the exchange in a much more user-friendly way.
Instant campaign buys
The average user has no interest in using an internal exchange, they want to deposit bitcoin and push a button to build an income generating campaign, to accommodate this we will be launching an instant buy and build system, allowing you to deposit crypto and launch a campaign in one click, this will work the same way as instant buys on Cex.io or Coinbase works.
We will not bypass the exchange to do this, these investors will still buy from YOU at the market rate on our internal exchange but that will happen in the background, with the end user oblivious to how it happens.
Expanding on our campaign system and spy tool.
When we launch our campaign system it will be quite basic at first, with just basic functionality allowing you to start a campaign, name it and opt-out of certain niches (some users have requested they do not wish to run campaigns that generate income from gambling/casino related niches).
Once the system is running smoothly we will begin to roll out more visibility and reporting, showing you how the revenue and profit were generated, along with the offers you are promoting, the revenue share you are receiving and a real-time traffic spy for your campaigns.
Our plan is for the campaign building system to only require a few clicks from you to launch, you do not have to have an understanding of how affiliate marketing and lead generation work to profit from it.
Making the MNZ token a $100 coin.
We are not trying to "Moon" this coin instantly, we believe the only way to build real value is to do this over the long term in a sustainable way.
If you look at the other platforms that grew to those figures very quickly, they did not last long.
We are planning to build our coin long term with sustainable growth.
The internal exchange launches tomorrow the 28th February at 5 PM UTC/GMT.
The launch time in various time zones is as follows:
Greenwich Mean Time, GMT - 5 pm
Pacific Time, PT - 9 am
Mountain Time, MT - 10 am
Central Time, CT - 11 am
Eastern Time, ET - 12 noon
India Standard Time, IST - 10.30 pm
Indochina Time, ICT - 12 pm 1st March
Hong Kong Time, HKT - 1 am 1st March
Australian Eastern Time, AET* - 4 am 1st March
Philippine Time, PHT - 1 am 1st March
