MN Coin LLC is a company registered out of Saint Vincent and the Grenadines. The company's purpose is for profit.
MN Coin LLC is the deployer of the MN Coin smart contract address (0xe34B5DF7EabacAdf00cFB005dd707CC64cD01856) on the BNB Smart Chain.
Through the MN Coin smart contract on the BNB Smart Chain, MN Coin LLC designated the receiving of 9% of each transaction sent in MN to the MN Treasury.
MN Coin LLC is one of potentially many deciders in how funds will be dispersed from the MN Treasury but ultimately MN Coin LLC has full operating control of MN Treasury.
MN Coin LLC owns a smart contract on the BNB Smart chain. We currently do not operate on other blockchains such as Ethereum.
MN Coin LLC is formed for the ability to propel deflationary finance forward in the world. We as a core principle at MN Coin LLC believe that a deflationary currency such as MN Coin is far superior to inflationary counterparts so common today.
We believe that money should be simple and easy to understand. You should benefit with time by saving a currency rather than be penalized for saving.
MN Coin is designed to incentivize value increase with time through the reduction of supply on each transaction. This operates on the basis of supply and demand, therefore by reducing supply & demand remains constant, value will increase.
Value increase of MN Coin is not guaranteed nor should it be treated as so. Short term market swings affecting the supply and demand on the open market can have drastic impacts. MN Coin is designed to incentivize value increase over time & long term under ideal conditions. As we know the world can be chaotic and unpredictable. Always asses your own risk involved in investments, purchases or transactions. Full liability is on the user/owner/holder of MN Coin as stated in our Terms of Service.
To better the world through deflationary finance.
We believe in the benefit of a currency that reduces in supply and that supply will never increase, as programmed in MN Coin's smart contract. With this ability we hope to see people around the world and maybe even across the galaxy gain access to a currency they can trust & save knowing that it will not increase in supply thereby devaluing their holdings.
Users of a currency should benefit with time. MN Coin is designed to do so through supply reduction making MN Coin scarce and growing ever scarcer. With time, assuming there are transactions on the network, MN Coin's total available supply will always be decreasing. Using this model, MN Coin users benefit by holding or saving MN Coin. We believe saving is important & saving deflationary just makes sense.
Saving in a currency that inflates effectively takes value from you with time, saving in a currency that deflates effectively gives value to you with time.
All within the scope of providing deflationary finance to the world through MN Coin, a deflationary currency, we wish to see greater access to free and open markets. Today's markets have many limitations & sometimes manipulations (Both legal or illegal) such as government subsidies, price floors, or what some would call coordinated market actions.
With MN Coin we hope to provide a way for worldwide markets to function seamlessly better adjusting to real supply and demand actions in the market that represent the real world commodities or actions. If there is a shortage in wheat for example, price should increase thereby incentivizing more wheat production. Same goes for if there is an oversupply of wheat, price should go down de-incentivizing wheat production. With MN Coin we hope to provide a more accurate account of the real world that is based on supply and demand and not easily manipulated by government subsidies or coordinated market actions.
With MN Coin we hope to incentivize economy growth by giving individuals and entities better access to a worldwide economy & market as well as personal freedom with their money. We would love to see a peaceful world where everyone has clean drinking water, healthy nutritious food to eat & safe living conditions. The best way we believe to accomplish this to a greater degree in the world is through a deflationary currency such as MN Coin. It is no secret that as an economy grows, individuals fair better. We hope to incentivize this by giving personal freedoms such as ownership and control of MN Coin to individuals and entities as well as a reliable currency that can be saved over time holding its value or increasing.
Some may say that deflationary finance will reduce the amount of money in an economy therefore increasing poverty. While deflationary finance does incentivize decreased circulation of its currency, it is incorrect to believe that this will decrease value in an economy because less money is circulating. Inflationary currencies decrease in value over time & incentivize exchange or you are just losing the value of the currency. With deflationary currencies your value is maintained or even increased with time incentivizing saving & only spending on things you need or want most. It is our belief that deflationary finance will increase the wealth of the average individual.
Personal Ownership: MN Coin is not like a bank account where your money is potentially loaned out to someone else. With MN Coin you are in full ownership and control of your MN Coin. The amount of MN Coin you own/have/control in your BNB Smart Chain wallet is fully and completely yours. The coins in your wallet are there as maintained by a public ledger on the blockchain. This means that your MN Coin is not controlled or accessed by any other individual or entity in the way a bank would be able to loan out your money. You have full ownership and control of your MN Coin.
With MN Coin we believe that full ownership of the currency by its users is far superior to a fractional reserve banking system. In times of crisis, your MN Coin will be there for you.
Through the use of MN Coin, a deflationary currency, we have set up Treasuries to fund various projects and causes. Using a deflationary currency (MN Coin) we have devised a model that can supply funding for +100 years. Each treasury operates under a rule that it can only spend 1% of its holdings each year effectively supplying funds for many years to come. At 1%, the amount available to spend decreases each year but MN Coin being deflationary, this should match the previous years value or even surpass it depending on market conditions.
We hope to support many different causes such as Charity & Research through Treasuries.
While the future is unknowable, we do our best to move the world into a better position than we are today. While today is good, tomorrow should be better. The aspiration for human improvement never ends.