Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Topics - bizzyb

Pages: [1]
BTS accepted

Brought to you by the MonetaryUnit team

What is MUEX?
A crypto portal like no other.
Offering a wealth of apps & services to both the veteran crypto user and newbie alike.
Launching with initial core apps, the MUEX team will add more apps as development completes & based on community feedback & demand.

Our goal?
To make your crypto more fun, easier, profitable & usable.
What is being planned?
  • Forex - Trade forex and deposit using crypto & convert into fiat EURO trading account.  Real money, Real trading, with up to 150% deposit bonus!
  • Anon Exchange* - Convert any coin to any coin.  Simple, fast, anonymous.
  • Nodes* - Set up additional nodes or seed nodes in just 3 steps. Coin>Pay>Deploy.
  • Block explorers* - Set up Block explorers for your favourite coin.  Fast launch.
  • Boot Strap*- Bored of waiting days to sync your wallet?  Set up a boot strap file.
  • Trade alarms & alerts* - Want to maximise your trading returns? Use our alerts.
  • Markets caps* - Graphs & stats to help you identify the next "mooner".
  • Market Place* - Want to pay less than Amazon & with crypto?  We've got the solution.
  • Anon e-mail* - Want a burner e-mail address? Done.
  • CTRL+V* - Our simple alternative to pastebin.
  • Mining contracts* - Our mining farm is on-line & contracts available very soon!
  • Shared Masternodes* - Can't afford a MasterNode? Get your fair share.
  • Crypto2Card* - Send your crypto balance to your debit card as real cash.
  • Loyalty points* - Earn redeemable "cash back" on every purchase on & across our partner network.
  • P2P services* - Our product pipeline includes some major p2p apps under development

What next?
Please visit and see the launch of our Forex Trading app & watch this thread as we launch more valuable services & apps.

*coming soon

Would be interested to hear "feasibility" feedback on this :)

Direct link is here:

Hi all, I've approached two exchanges about this and no one wants to take it forward, "so far".
Please have a read and please approach or advise which exchange may be worth contacting.
I've so far tried Bleutrade &

MUE savings and loans hosted on "an exchange"
Currently MonetaryUnit offers a savings account called MUEbank -
This offers 10%APR interest rate on deposited MUE and has a 28 day withdrawal notification period.
The benefit is that MUE holders can get the benefits of a POS interest return on a POW coin and it allows them to reduce the affect of inflation on their holdings.
A table of the reducing inflation rate is available here
MUEBank is a completely manual process, which while manageable at the moment, is still a pain.
The benefit to MUE is it offers a service to its community, and also helps reduce the liquidity in the market place.
The disadvantage of the savings account is that the interest has to be paid from our own holdings.
To mitigate this, we want to offer some of the traditional banking services that people know and love, and the second part is the loans facility, whereby MUE holders can deposit their MUE into their MUE loans account, and be offered a BTC loan using their MUE as collateral.  My gut feeling is that the BTC loan would be 50% of the current market value of their MUE when it is deposited.
I think perhaps we have 3 terms. 1 month @ 5%, 2 months @ 10% , 3 months @ 15%.
Once up and running this will allow the savings offering to be self sustaining, and also generate profit.
This is hopefully where it can get interesting for "an exchange" & MUE.

Lets say for arguments sake, that the revenue generated by the BTC loans is split 50/50 exchange/MUE.
So the exchange can do whatever it wants with its portion of the revenue = win for exchange.

The other portion of the revenue for MUE is AUTOMATICALLY put into buy support for MUE which tops up the MUE account on the exchange that pays the interest to the savings offering, again, this is a win for the exchange as it keeps the coins re-circulating there and increases volume of trade in that exchange.
It will also give the exchange a fantastic USP to market against as I am not aware anyone else is offering what I'm suggesting.

Ideally the exchange would only offer these services just for MUE, however I also understand that being able to use MUE as a test bed could be invaluable to offer the same services for other coins.
The benefit to MUE obviously is being able to offer sensible, fair automated financial instruments people can understand and are familiar with, which gives us exposure as a crypto project, but also of course, means that the re-invested BTC generated from the BTC loans will increase the MUE price.
It also means we don't have to be worried about having to set up an legal entity in a crypto friendly jurisdiction, as it will be managed by the exchange.
So there are a few things we would have to do.
1) Provide the exchange with MUE to fund the wallet that pays the interest in MUE savings.
2) Provide the exchange with BTC with which to fund the wallet that will pay out the BTC for the MUE loans.
3) There would have to be a facility that will "drip sell" MUE on any defaulted loans
4) Users will have to have as part of their exchange login, a simple to understand "banking" facility.
5) Show the liquidity funds of both MUE and BTC wallets being used to fund the services.
Initially I think we would have to be cautious and on launch limit both the number of users who are able to open accounts, but also limit the amounts that can be deposited into the savings account or BTC borrowed against their MUE collateral.
Also, as we move forward with it, it would be great to be able to activate promotional rates and offers etc.

Also instead of only offering people BTC loans against their MUE collateral you could offer them ANY coin as a loan which would work by using the BTC in the loans wallet to buy the coin they want to borrow, once again increasing volume on the exchange.

General Discussion / Using BTS for savings and loans
« on: October 17, 2015, 07:33:29 pm »
Hi all, my lack of understanding of Bitshares 2.0 will be apparent with this question, but I'm still interested in finding out as it seems a very interesting and forward thinking project I'd like to get involved with.

I'm the project lead for an altcoin called MonetaryUnit (MUE)

I want to automate our savings service - (users deposit their MUE and receive 10% APR on their deposits)
and our soon to launch BTC loans service MUE lend (users deposit their MUE with us and we release a BTC loan equivalent to 50% of the current market value of MUE)

Would our coin (a pure POW quark algo coin) have to "migrate" to the bts system, or can it somehow remain still a POW coin in its own right, but have the automated savings and loan business integrated in the bitshares system?

I hope that makes sense, and I look forward to a thorough BTS schooling ;)


Pages: [1]