New Year Special: all You want to know about MOEDA

MOEDA exists at the intersection of two exciting, constantly-evolving fields: impact investing and digital currency. As you can imagine, we field a lot of questions from around the world about how it works, what we’re up to, and what to expect from MOEDA in the future. We’ve compiled our most frequently asked questions here.

Isa

Published in

Moeda Seeds

9 min readDec 27, 2017

Peruse the below questions and answers. If you’ve read through them and still have a burning, unanswered question, feel free to drop us a line at Contact@MOEDA.com. We love hearing from you, and pride ourselves in answering all inquiries in a timely manner.
Please do keep in mind though that our communications team is currently based in NYC and is available from 9:00AM — 5:00PM EST.

What is the MOEDA ICO?

MOEDA is a comprehensive approach to empowering small-scale entrepreneurs through digital innovation and on-the-ground community support systems.

What does that look like in practice?
A cooperative crypto credit banking platform to enable:

A mobile-powered, community-focused lending platform;
Allow individuals to establish credit profiles and reputations through establishing digital identities in order to establish;
Provide a platform through which social development goal impact loans can be made and monitored;
Use blockchain technology to create trustworthy, immutable records and contracts with respect to social impact loans; and
Create a scalable blockchain platform for borrowers and lenders to efficiently engage in social impact investment activities including related processing and payment requirements.

To facilitate the creation and operation of the Moeda platform, Green Cross Brazil, distributed MOEDA Tokens (MDA) in a crowdfunding. Green Cross Brazil is an affiliate of Green Cross International, a non-profit organization founded by Mikhail Gorbachev to “respond to the combined challenges of security, poverty and environmental degradation to ensure a sustainable and secure future.”

MOEDA partnered with Green Cross Brazil to handle the creation and distribution of the MDA. Proceeds from the crowdsale were contributed to Green Cross Brazil for the purpose of developing and deploying the platform. Pursuant to a service agreement with Green Cross Brazil, MOEDA is handling all of the required technology and banking services for the MOEDA platform and in exchange, MOEDA is authorized to charge fees and receive revenue in connection with transactions that occur on the MOEDA platform.

A portion of the proceeds from the crowdfunding were also allocated to a revolving fund to be used to make loans in connection with social impact projects.

What’s the MOEDA project about?

MOEDA’s mission is to foster sustainable economic well-being in underbanked communities by utilizing blockchain technology to create a platform to connect borrowers and lenders and eliminating the common financial hurdles for small businesses.

MOEDA is aligned with the principles of the World Council of Credit Unions, the leading international trade association and development agency for credit unions and cooperative financial institutions. The World Council promotes the self-sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services.

What does underbanked mean?

“Underbanked” (sometimes used interchangeably as “unbanked”) is a term used to refer to the 38% of the world’s population that has little or no access to regulated banking services and financial credit. According to the most recent estimates by the World Bank, there are as many as 2 billion underbanked people worldwide. Underbanked populations suffer from a lack of credit or access to business loans, which severely limits the possibilities for economic growth. Hamstrung by unpredictable interest rates, predatory loans, and an inability to establish credit, local underbanked entrepreneurs are often unable to access the necessary capital to expand their businesses and establish meaningful financial security.

Why use blockchain technology?

Blockchain technology facilitates the exchange of value without the need for intermediaries, enables transparent interactions of parties through a trusted and secure network that distributes certified and auditable access to data, simplifying the existing processes, lowering the costs and increasing capital efficiency.

Unlike traditional means of banking and currency exchange, blockchain technology is uniquely suited to impact investing. Specifically, through blockchain technology, the MOEDA platform provides:

● Transparency of currency transactions and investment progress

● Self-sovereign identity for platform users

● Faster transfer of loan proceeds and wider accessibility through the use of digital tokens

● Lower fees than those typically associated with payment and remittance through traditional financial institution channels

How many tokens were created?

20,000,000 tokens were created. No additional MDA will be created.

How many tokens are in circulation?

19,628,888 tokens are in circulation.

What are the social media channels?

MOEDA maintains the following sites to update the MOEDA community about existing and future SDG related projects and activities that are accessible now and may be in the future on the MOEDA platform.

QQ (http://qun.qzone.qq.com/group#!/319500318/share)

WeChat (Follow official account MOEDAProject)

MOEADA’s Twitter feed (https://twitter.com/MOEDAbanking)

MOEDA’s Facebook page (https://www.facebook.com/MOEDAbanking/)

MOEDA’s LinkedIn page (https://www.linkedin.com/company/11070436/)

Where can I purchase MDA?

At present, MDA is no longer being created. The only way to acquire MDA is from an existing holder. Moeda does not support or facilitate any trading of MDA or the listing of MDA on any cryptocurrency exchanges. To engage in social impact investment activities on the Moeda platform requires MDA. Anyone wishing to acquire MDA to participate on the Moeda platform should contact a cryptocurrency exchange to determine whether it is possible to purchase MDA on the exchange and to determine the regulatory requirements for participating on such exchange.

What is the allocation of ICO funds?

The proceeds received from the MDA crowdfunding were donated to Green Cross Brazil to be used as set forth below. Please note that the below pie chart is not a guarantee as to how the proceeds from the crowdfunding have been or will be used. MOEDA reserves the right to use proceeds in a manner different from that set forth below as determined by MOEDA in its discretion.

Why is there no news?

MOEDA has and will update the MOEDA community with develops as appropriate from time to time. We urge you to periodically check MOEDA’s website. MOEDA is proud of its progress to date and looks forward to keeping you informed as to future developments.

Who are the top token holders ?

MOEDA does not track or maintain such information. MDA is not intended as an investment. [MOEDA maintains records as to those participants who are registered to access the MOEDA platform in order to provide social impact lending activities. These records are not publicly available.]

There are a number of third party websites such as etherscan, that purport to provide data with respect to various cryptocurrency tokens, including MDA. MOEDA does not support and has no connections with such websites or services. MOEDA has no ability to confirm or verify the accuracy of any data with respect to MDA or otherwise that may be found and reported by such websites or services.

When will the MOEDA app officially launch?

The MOEDA platform is presently operational in alpha form. MOEDA hopes to continue to expand the activities related to cooperative banking and social impact lending that can be conducted through the MOEDA platform including expanding its cooperative banking activities into other countries beyond Brazil. We encourage anyone interested in participating in the MOEDA community and accessing the MOEDA platform to visit our website from time to time for further developments and news.

Moeda is now in the process of helping onboard participants who wish to access and participate on the MOEDA platform. It takes time for the MOEDA team to do interviews with potential users and optimize UI/UX designs, and build the required strong back-end payment and remittance systems and the exchange, digital identity, and project tracking functionalities. As users are being “uploaded” to the MOEDA platform, MOEDA continues to test and “fine-tune” all of these systems and functions.

Why is the price what it is?

MDA are necessary to access the MOEDA platform in order to participate in the funding of social impact projects in countries where access to traditional bank funds are not available. MDA are not intended for investment purposes and should not be purchased by anyone desiring to make speculative investments by buying and holding or buying and trading MDA. To ask about the price of MDA in the context of an investment is a question that is impossible to answer. There is no such think as an appropriate price or value for MDA. It is a subjective question. Moeda sincerely hopes that the desire and willingness to participate in social impact lending activities through the MOEDA platform will grow. If this were to happen, as more individuals seek MDA to participate in MOEDA’s goal of fostering sustainable economic well-being, the price at which MDA could be purchased might increase. As previously stated, MDA is the necessary fuel by which the MOEDA platform can be accessed to fund social impact loans. MDA is not a speculative investment.

When is a good time to invest in MDA?

It’s important to understand that MDA should not be considered an investment in the same sense that one might invest in a traditional cryptocurrency. MOEDA is a social impact investment. So while there are crypto coins or tokens in the market that explicitly or implicitly are intended to have features characteristic of securities and that promise or that are intended to provide a return to investors in a manner comparable to the types of returns expected by equity investors. MDA, however, are not such an investment, MDA were created and exist in order to allow MOEDA’s platform to function and to provide a means for financing SDG investment projects through blockchain technology. MOEDA hopes to create platforms in other countries similar to the initial platform that has been created for Brazil. Anyone desiring to participate in funding such economic social impact investments in Brazil or in other countries through the MOEDA platform should acquire MDA.

When will the price go to moon?

Sorry, we are unable to answer this question and we do not believe that this question is even relevant with respect to MDA. As previously stated, MDA is the necessary fuel by which the MOEDA platform can be accessed to fund social impact loans. MDA is not a speculative investment.

How does MOEDA decide where and when to list?

We do not solicit or facilitate the listing of MDA on any cryptocurrency exchanges. Cryptocurrency exchanges, subject to applicable regulatory requirements, are free to list MDA on their exchanges in their sole discretion. MOEDA presently has little or no ability to prevent MDA from being listed on a particular cryptocurrency exchange nor does it have the ability to require that a cryptocurrency exchange list MDA. MOEDA understands that participants who desire to participate in the MOEDA cooperative banking community through MOEDA’s platform must obtain MDA. As long as any cryptocurrency exchange that has decided to list MDA complies with all applicable regulatory requirements, MOEDA has no objection to MDA being included on such exchanges and appreciates that such exchanges are necessary in order for potential Moeda platform participants to acquire MDA.

What’s your github?

Github for the token: https://github.com/MOEDAbank

Github for the APP: https://github.com/MOEDAPlatform

Sorry, this is private due to sensitive information from our banking partners.

Why the product is not open source?

Sensitive bank information is involved. We will post screenshot of updates on github weekly.

Why there are so few people in your community?

We expect that the number of participants who desire to participate on the MOEDA platform will grow as knowledge of MOEDA’s social goals and platform increase. We expect that non-profit entities, governmental organizations and corporate entities interested in social impact investing will all play an important role in the future development and growth of the MDA platform.

How can I join official Wechat group?

Comment on the official Wechat account or any post within, and we will do our best to contact you. Please note that we have no control as to the content of postings made by any third parties.