🟢 MN Coin Monthly Report - December 2024 

🟡 Market-Cap Growth: 37.99K-44.15K   +6.16K This Month

🔴 Wallets Holding MN Coin: 164-164   +0 Holders This Month


///All verify links are at the bottom of this post///


🔴 Developments.

Playing the long game.

It is unclear how the industry will develop in terms of regulations. Operating on a world scale without borders has challenges if governments expect compliance with each jurisdictions different laws or regulations. This task would be near impossible and would crowd out many small players in the industry.

The decision to structure the operating company outside the U.S. was a tough one to make. Upon industry expert consultation in this area, the U.S. was not seen as optimal or stable for success in the cryptocurrency field.

Given the excess of laws, regulations, and potential legal restrains and fees involved in the U.S., unfavorable tax laws, and the excess judicial prosecutions along with the costs of legal protection, our home base will be Saint Vincent to ensure long term stability and the protection of the capital base of MN Coin for the people we serve.

The value of MN Coin comes from the people storing value in it. This can distort the view when we assume this value will be stable in transactions where exchange is required. As most transactions in MN will not be MN for MN, meaning the currency is accepted directly for goods and services, MN will need to be exchanged either before goods and services are exchanged, or at the time of purchase for the receiver to receive their desired currency. This action creates selling pressure on the currency until MN is accepted and used on both sides of the transaction.

A big danger of MN Coin is how the deflationary system is set up. Large capital bases will be stored within the supporting company and the Treasuries, and that will be seen on the public blockchain. These capital bases are intended to be drawn down slowly and for the Treasuries at fixed rates, but to outside onlookers and regulators, these capital bases may be seen as ways to draw revenue for themselves.

It should be known, that the value any regulator or onlooker may attempt to seize will not come from us, the value is taken from those who trusted their value into MN.

As we have seen lack of communication from regulators, as well as lack of clarity for compliance, upon the success of MN Coin, we will likely see push back by judicial means. We intend to comply to the best of our abilities, but we have not seen this from the regulators, mainly the U.S..


Why we chose a deflationary model as opposed to inflationary:

From our core philosophy, we did not want the ability to print more money for ourselves on demand. We are fully aware that the value of the newly printed money comes at the expense of those currently holding the currency or those accepting it as payment. 

While it is tempting, this power is usually abused at the expense of those who trusted the currency.

With a deflationary model, MN Coin has a fixed total supply and a 1% burn rate on each transaction.

MN was not designed to incentivize spending, but rather to incentivize saving. The core intent is to store the value and incentivize value increase the longer you save. While we cannot directly control market demand for MN, we can put in place the monetary policy that governs its supply. Thus, having a fixed supply that removes 1% of each transaction, we can incentivize long term value increase by removing supply of MN over time.



Risks of the deflationary model:

As stated above, a big risk is that MN is not intended to circulated as much as inflationary currencies. This creates a problem as to continual funding of the MN Coin project as well as the Treasury System. As the supporting company MN Coin LLC. is not guaranteed any revenue from MN Treasury, a large capital base of MN must be maintained to sustain operations into the future.

As opposed to inflationary currencies, we cannot print more money on demand. So, we must maintain a capital base to ensure funding for the Project and the Treasuries into the future.

I just want to make this very clear, our biggest risk aside from hacking if MN Coin becomes a dominant player, is excessive government/judicial penalties or fees. They will not understand that the value they intend to take is actually taken from the people who entrusted their wealth into MN. We have done everything in our power to prevent this.



Treasury System in a deflationary model:

As we hope to do good by this world and leave earth a better place, we have formulated a treasury system to work in tandem with the deflationary currency MN.

All MN hosted Treasuries by us are governed by what we call 'The Code'. In this is the limitation of the Treasury to only allocate up to 1% of its capital base each year based on Treasury Member vote.

What I want to call attention to is the 1% yearly fund allocation limit.

At this rate, the Treasury will have funding for thousands of years as 1% adjusts to the new capital base each year if no new funds are added. This means a funded Treasury can allocated funds nearly indefinitely.

This seems counter intuitive in an inflationary system, but in a deflationary system, it makes perfect sense.

As MN Coin is deflationary, and burns 1% of each transaction, it is hoped that with time it will gain value as MN is used. This means that even if the Treasury is able to allocate less and less MN each year, the value allocated each year may be maintained or even exceeded from the previous year.

We know that nothing is guaranteed in life and the future is currently unknowable, we don't know if this will have the intended effect or not. However, it is hoped that the incentives of the deflationary model will help MN Coin rise in value over time, therefore allowing the Treasuries to sustain funding even just from 1 initial contribution.

The Treasury System being governed by vote, we cannot say what will happen before hand, but it is hoped that MN Treasury will contribute to the initial funding of most or all of the Treasuries hosted under our system.

We are looking for many great people to be involved as Treasury Members and the start date of the Treasuries is January 1st, 2033. We planned for plenty of time to get great people involved.

If you would like to be involved, I encourage you to email me at: austin@mncoin.com



Happy New Year!!
- Chalk





MN Coin Information ℹ️

🎯 Contract Address: 0xe34B5DF7EabacAdf00cFB005dd707CC64cD01856

Blockchain: BNB Smart Chain 🔸

Transaction Cost: 10%
Burn Rate: 1% per transaction
Treasury Funding: 9% per transaction
Max Supply: 100 Trillion
Current Supply: 98.6 Trillion   - 6.1 Billion MN Burned This Month  ( 98,678,203,460,783.09 MN- 98,672,076,771,894.86 MN)
Top Holder: MN Treasury

Current DEX Liquidity: 6.72-6.4 Trillion MN (- 0.34 Trillion MN this month)
Current Market Cap: 44.15K
Current Price: $0.0000000003718-$0.0000000004474 (+ $0.0000000000756 USD this month)

Liquidity Tokens: Burned 🔥 (verify bellow)

Holders: 164  + 0 Holders
Transfers: 1,651-1,705 +54 Transfers

/stats delivered via PancakeSwap Trading Pair. Link bellow/


Description: MN Coin is a deflationary cryptocurrency designed for savers and hodlers who wish to grow their wealth with time and store value for your future. By using deflation to incentivize long term value increase, MN Coin is designed to protect and potentially grow your wealth with a long term time horizon.

Try saving regularly in MN Coin for a Year.



MN Treasury 🏛️

MN Treasury is the main project treasury for the MN Coin Project and is operated according to the Treasury Code.

Treasury Code Highlights: 
- Treasury allocates up to 1% each year
- 13 or more Treasury Members to operate a treasury
- Treasury allocations are governed by vote

(view apply for Treasury Member link below)

December 2024 MN Treasury Data: (In MN)

December 1st Balance: 69,303,489,793,813.13
December End Balance: 69,358,629,993,807.24
Treasury Inflows: 55,140,199,994.1
Treasury Outflows: 0

Month of December 2024 had 55 Billion MN Coin in inflows.


Other Featured Treasuries

Structure:
-Governance
-Charity
-Research

This months featured Treasury is Water Treasury! View bellow





Verify Links

Website: https://www.mncoin.com
MN Treasury: https://www.mncoin.com/t/mn
All Treasuries: https://www.mncoin.com/t
BSCscan: https://bscscan.com/token/0xe34b5df7eabacadf00cfb005dd707cc64cd01856
Live Price: https://www.geckoterminal.com/bsc/pools/0xb04eba2d061389aec9bac0fa55a5f012962dbec2

DEX Listings:
- PancakeSwap: https://pancakeswap.finance/swap?outputCurrency=0xe34B5DF7EabacAdf00cFB005dd707CC64cD01856
- BabyDogeSwap: https://babydogeswap.com/swap?outputCurrency=0xe34b5df7eabacadf00cfb005dd707cc64cd01856
- ApeSwap: https://apeswap.finance/?outputCurrency=0xe34b5df7eabacadf00cfb005dd707cc64cd01856


DEX Liquidity Burned Proof: https://x.com/moneycointeam/status/1740648118251597981

Apply to be a Treasury Member: https://www.mncoin.com/apply-to-be-a-treasury-member


Contact us:
- Email: austin@mncoin.com
- X: @moneycointeam



If you would like to make suggestions for additions to be included in the MN Coin Monthly Report, reply @ us on X with your suggestions! @moneycointeam



/Disclaimer:

Not currently available to US Citizens and may not be available in your region. Make sure to check with local guidelines before proceeding.

MN Coin is an independent cryptocurrency that runs on the blockchain giving owners of MN Coin full control of their MN Coin to the extent the BNB Smart Chain allows. MN Coin does not give ownership in any company or business and should be treated as a currency trading with value based on current market demands. MN Coin LLC. is not responsible for any misuse or losses that may occur. You are fully responsible and are able to take responsibility for any actions you take involving the cryptocurrency MN Coin.

MN Coin LLC. through social media platforms such as X and Youtube attempts to provide accurate information on the cryptocurrency MN Coin but we are not liable if we provide inaccurate or misleading information. This can occur due to mistakes or due to one of our team members not knowing any better. Always do your own research and use the best available tools and advice to make your decisions.

Be careful with scammers and impersonators. We will not ask for your private keys, passwords or any of your sensitive information. Our only official X account is @moneycointeam and our official email is austin@mncoin.com

If you have questions, please email me.

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