Monolith Crypto Ruble – The first decentralized ruble stablecoin. Monolith DAO ICO rating – not rated.
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Active ICO : 20/06/20 – 08/10/20
About Monolith DAO ICO (token sale)
MonolithosDAO ICO is an open-source project on the Ethereum blockchain and a Decentralized Autonomous Organization created in 2020 and based on the MakerDAO Protocol. The project is managed by people around the world who hold its governance token, MDT.Through a system of scientific governance involving Executive Voting and Governance Polling, MDT holders manage the MonolithosDAO Platform and the financial risks of MCR to ensure its stability, transparency, and efficiency. MDT voting weight is proportional to the amount of MDT a voter stakes in the voting contract, DSChief. In other words, the more MDT tokens locked in the contract, the greater the voter’s decision-making power.
About the MonolithosDAO Platform
The MonolithosDAO Platform, built on the Ethereum blockchain, enables users to create currency. Current elements of the MonolithosDAO ICO Platform are the MCR stablecoin, MonolithosDAO Collateral Vaults, Oracles, and Voting. MonolithosDAO governs the MonolithosDAO ICO Platform by deciding on key parameters (e.g., stability fees, collateral types/rates, etc.) through the voting power of MDT holders. The MonolithosDAO Platform, one of the largest decentralized applications (dapps) on the Ethereum blockchain, was the first decentralized finance (DeFi) application to earn significant adoption
About the MonolithosDAO Team
The MonolithosDAO Team is part of the global MonolithosDAO community, built and launched the MonolithosDAO Platform in conjunction with a number of outside partners. It is currently working with the MonolithosDAO community to bootstrap decentralized governance of the project and drive it toward complete decentralization.