MONEYNET, the Korean Spinoff of STEEMIT launches their ICO on August 20th

MONEYNET, the Korean cryptocurrency community is taking an innovative leap towards a full-fledged cryptocurrency publicity (ICO), ahead of the user reward based SNS platform’s launch. The investors will be allowed to take part in the MONEYNET token sale that kicked off on August 20th, which will be held four times in a period of two months. Investors are showing their interest in early token purchase since it comes with a tempting 20% bonus (Maximum).

MONEYNETS’ new SNS platform based on blockchain technology differs completely from the standard SNS services where the service providers, are benefitted with 80% of the total revenue. Unlike STEEMIT, where the users can generate revenue only when they get voting from others, MONEYNET offers the chance to generate revenue even when the users upload any post. In addition, high-quality content will increase the possibility of receiving more incentives which will encourage the users to improve the quality of their content. Apart from these benefits, it also opens a route for additional earnings through corporate marketing and event promotion participation. 

MONEYNET’s CEO, YouSik Kim, stated: “I genuinely felt sorry for the users who create content on platforms where the profit distribution is not structured properly that often leads to disadvantages for them”. “From now on, MONEYNET will be able to offer a fair compensation to users through the decentralized SNS platform.” He also added: “We are confident that the experience of managing and operating the MONEYNET community, has given us leverage over the experience, know-how, and network itself, securing our takeover  of the SNS platform community over our potential competitors.”

MONEYNET roughly has 110,000 active users locally and internationally, where it provides the latest updates on cryptocurrencies(coins), investment as well as analysis of different types of coins and exchange markets. More recently, it has been receiving the limelight within the industry, especially after signing an MOU with some of the influential leading companies, such as Walton Chain and Block Force Network. If further information on MONEYNET’s ICO is desired, please feel free to visit its official website or search for the keyword on Naver.

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