What is MUN Blockchain?
MUN is a remittance blockchain based on the Cosmos SDK and Tendermit, an interconnected and disruptive chain that offers free worldwide payments in real time. The blockchain is operated by MUN Technologies and its CORE team members.
There is a need for a disruption in the money transfer industry, the MUN ecosystem will allow people to send money for free all over the world. The idea behind this project is to allow people to interact with each other freely without having to pay the high fees. faces significant problems that have been ignored for far too long. RSPs (remittance service providers), which provide essential services to migrant workers and their families in developing countries, are an integral part of this problem.
Why is Mun the future?
Many of these smaller companies are located in regions where the larger providers do not have a presence, meaning they are the only option for many people looking to send money abroad. Although the remittance market has grown rapidly in recent years,
Blockchain technology has hardly been integrated and the global remittance system faces significant problems that have been ignored for far too long. RSPs (remittance service providers), which provide essential services to migrant workers and their families in developing countries, are an integral part of this problem.
roadmap
Q3 2022: Testnet
The MUN testnet was launched at the end of Q3 2022. It is used to test the stability and functionality of the MUN blockchain before it is launched on the Mainnet. All users are encouraged to participate in testing to help ensure a successful launch. We will share instructions on using the testnet as we get closer to the release date.
Q4 2022: $MUN Airdrop
$MUN is designed to provide users with a fast, secure, and easy-to-use way to transfer money. With its zero transaction fees and fast transaction times, the MUN token will take the world of online transfers by storm. The airdrop mechanism is a great way to distribute $MUN tokens to many wallets, promote the cryptocurrency, increase its adoption, and decentralize the network. The airdrop will be distributed to 4 different networks.
Q1 2023: Mainnet, Staking and Governance
With the launch of the Mainnet, the blast is available. By replacing $MUN, users participate in validating transactions and securing the blockchain while earning rewards. To stake $MUN, users must lock the tokens in the MUN Core wallet. Doing so will earn you rewards based on the amount of staked tokens. The more tokens staked, the higher the rewards. Realizing $MUN is a safe way to earn passive income and is essential to maintaining the MUN blockchain. $MUN Stakers will also be eligible to actively participate in the governance of the MUN blockchain.
Q2 2023: Incorporation of MUN Brokers
MUN brokers like cash and cash stores. The system is outside or parallel to traditional banking, financial channels and systems. We will provide a more detailed explanation of the MUN Broker ecosystem in a separate blog. MUN runners will be on board on a global scale in all countries.
Q3 2023: Cross-Border Payments
With MUN brokers on board, the MUN team will focus on the cross-border payment system. In short, this will partially achieve the MUN mission: the wife in Nigeria will be able to receive money from her husband working in Europe. One by one, the MUN team will make this process available in various developing countries of the world.
Q4 2023: MUN Stablecoins
Instead of using $MUN to send remittances, users will now be able to use asset-based MUN USD and MUN Gold; which will reside on the MUN blockchain and provide users with a secure way to store value and make payments.
