Monetran

The primary objective of the Monetran project has been to develop a stable token which can be used in everyday commerce, including for micropayments of $5 or less. The token has been designed not only to maintain its value, but to steadily increase in value over time. It will be backed by a portfolio of tangible assets and be redeemable for a portion of the account that reflects the number of tokens in circulation. In the future, it will entitle discounts for use on services provided by the Monetran system. In short, this token – called Moneda – will deliver all of the features a cryptocurrency would need in order to be considered as the favored medium of exchange for Internet transactions. Built on the incredibly fast Stellar network, Moneda will enjoy all the advantages that platform has to offer, including low cost transactions, swift and secure transfers, and conversions from one currency to another. Future plans call for the establishment of a funds transfer network with a primarym emphasis on remittances, which are at this point in time a global market worth nearly $600 billion and growing.