Launched in July 2017, M0NK3Y was the first of four projects to kick-start what ultimately became The Factory Banking Project. Kicking off with COE, the original utility swaps token created on Waves Decentralised Exchange which rose from $2 to over 0.5 BTC, M0NK3Y continued to launch more than swaps one token type per fortnight for the remainder of the year. Ultimately, over a period of 6 months more than 2,000 crypto fans across the world swapped in over 300 trillion tokens on the Waves DEX in order to partake in the exchange of tokens to smart contract based swaps utility tokens created on the Ethereum Virtual Machine. With smart contracts nearing completion for COE in January 2018, the moment of reckoning for M0NK3Y is coming.
READ THE ORIGINAL WHITE PAPER
COEVAL IS SENT TO THE EMBRYO SMART CONTRACT ONCE EVERY THREE MONTHS TO PRODUCE 500 MNY / COE AND FROZEN
MNY IS SENT TO THE PARENT SMART CONTRACT AND BURNT WHILE ETH IS SENT BACK FROM THE SMART CONTRACT BY RETURN
WHY IS M0NK3Y SPECIAL?
M0NK3Y is the first ever core value-enhancement of the Blockchain technology. Until the present day, developers have focused purely on improving the technological functionality of the Blockchain. No one has attempted to address the value performance of digital currency assets. By conjoined smart contracts between COE and MNY, and functioning in parallel with the Futereum smart contracts, M0NK3Y is bringing value to the very front of the digital asset space for the first time in history.
M0NK3Y has a long and complicated history. From media eulogies including being described as Blockchain’s “billion dollar baboon” by Azeem Khan in the Huffington Post and as “the Berkshire Hathaway of Crypto” by Egor Pavilov in Coinspeaker during the summer of 2017 to ultimately succumbing to being the subject a class action lawsuit filed in the Souther District of Florida during the final months of the year, M0NK3Y has aroused more passion among its core following than perhaps any other innovation to arrive on the Blockchain since Ethereum. In January 2018, M0NK3Y was incorporated into The Factory Banking Project, a wide-ranging and visionary quadrangle of similar ventures harnessing the value coeval’s incredible power. The Factory Banking Project aims to recreate value in the form of smart contracts, Blockchain forks, alternate pair exchanges and other cryptofinancial innovations. M0NK3Y is the core component of this gameplan, supplying coeval value in perpetuity via a unique innovation called the token family that promises to create radical changes across the world and redefine how we think of both value and payment utility. For more on this go to the FactoryBanking website below.
A FACTORY BANKING PROJECT
Note: all updates pertaining to the delivery of Coeval to wallets owned by M0NK3Y’s waves token swaps alluded to above will be live updated here. Keep checking back in February 2018!