Econometric oracle, proof-of-stake forging and elective AML-KYC; mining supply is GDP linked
MonetaryCoin is an advanced cryptocurrency series named after a Nobel Prize winning economic theory called "Monetarism." How does it work? If the economy grows, then more MonetaryCoins are available to forge (i.e. mine). If a country or currency union reports GDP, it qualifies for a MonetaryCoin. For example, coins corresponding to China (MCHI) and the Eurozone (MERO) are available now. How is it advanced? MonetaryCoin securely imports economic data (via an "oracle"), coin ownership determines forging power ("proof of stake") and one can choose to share personal information (or not) when sending coins ("AML-KYC"). A new foundation manages the development of the MonetaryCoin and oversees the oracle. With 19 member countries and approximately 11.28 trillion Euros of money supply, equivalent to approximately 13.5 trillion USD, the total initial supply of MERO coins will be 112.8 billion MERO. 11.28 billion MERO will be made available in the first 180 windows. The token will be open for proof of stake forging starting on window two of 180.
Mike Winston, CFA, Co-Chair and Lead Researcher - https://www.linkedin.com/in/mikewinstoncfa/
Pablo Cogan, Co-Chair and Lead Developer - https://www.linkedin.com/in/pablo-cogan-830b97111