Monaize is an e-banking platform that provides a mobile-first current account for freelancers and small businesses. Monaize provides businesses with an an instant KYB (Know Your Business) on-boarding process allowing users to create a business current account in less than five minutes with a smartphone. Monaize will provide an extensive range of third party services, including professional insurance, innovative payment solutions, cryptocurrency wallets, crowd lending and factoring. Through the use of the Komodo Platform, Monaize will also be able to provide pegged fiat currencies, scalable payment networks, micropayments, on-chain KV storage and more. 

Monaize is an Equihash-based cryptocurrecny using the Komodo Platform's assetchain technology. The Monaize blockchain features a PoW and DPoW consensus mechanism in which Monaize notarizes blocks to the
Komodo blockchain, which in turn notarizes blocks to the Bitcoin blockchain, ensuring protection against blockchain attacks. Monaize's block generation is done on-demand, meaning that mining only takes place when there is a transaction to process. 

The Monaize token allows holders to receive rewards based on the number of monthly Monaize Business Account creations. These loyalty rewards as distributed in KMD.

Team:

• Vincent Rajoo: CEO 
• Guillaume Derivery: CTO 
• Trécy Azerot: Design 
• Manon Lavergne: Communication 
• Robert Miller: UK 
• Etienne Théodore: Android 
• Florian Greiner: Back-end

The Monaize ICO will start on the 10th of November, 2017 and will last until the 10th of December, 2017. The total ICO allocation represents 70% of the total supply and will be available for BTC and KMD at a ~0.00006

Token Reserve Split (30%):

• 1% maximum of MNZ tokens generated will be promised to a few early supporters (Komodo team) as part of a pre-token sale. Funds raised will be used for token sale communication and marketing as well as logistics.
• 9% of MNZ tokens will be put aside and distributed overtime as part of an incentive scheme to individuals and organisations that contribute to the Monaize project. These might include marketing, business development, educational content and bug bounties to name a few.
• 20% of tokens will be allocated to Monaize’s core team and early supporters as an incentive pool held in escrow and vested over 3 years in order to ensure long term commitment to the company and therefore to the future value of the tokens themselves.

The Monaize ICO features a bonus and bounty campaigns and the MNZ token will be mineable.

Bonus Structure:

• FIRST 6 HOURS (AVAILABLE TO KMD USERS ONLY): +20% MNZ bonus
• FROM 6 - 24 HOURS: +15% MNZ bonus
• DAYS 2: AND 3 +10% MNZ bonus
• DAYS 4 – 7: +5% MNZ bonus
• REST OF PERIOD: No MNZ bonus