Monaco Planet aims to play a role in the transition of the internet from Web 2 to Web 3. In the short term, it leverages blockchain technology to address users social pain points and implements key Web 3 functionalities in practical applications. Long-term, it aspires to become a new gateway for frequent social activities within the crypto community, effectively serving as a portal to the Metaverse. Here, users can control their data and be rewarded for creating high-quality content.
MONA is the governance token for the Monaco Planet ecosystem and serves several purposes:
- Users can stake MONA to participate in content mining. MONA operates under a Proof-of-Stake (POS) Write-to-Earn model.
- Once the platform has attracted a specific user base and traffic, advertisers can purchase and burn MONA to broadcast messages and promote ads.
- Crowdfunding investment opportunities. The platform will leverage its traffic and user advantages to secure investment allocations in quality projects, which will then be distributed among MONA holders based on their holdings. Users decide whether to participate in these investments, but the allocation is guaranteed.
- MONA can also serve as a tipping mechanism for users.