MonetaryCoin (MERO)

The MonetaryCoin protocol integrates Nobel Prize winning economic theory with blockchain technology. MonetaryCoin is the cryptocurrency to implement a macro-econometric oracle feature to endogenously govern its own maximum supply once forged (i.e. mined) to an initial limit.

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What is MonetaryCoin

Once a country or a currency union reports GDP, it qualifies for a MonetaryCoin. For example, coins corresponding to China (MCHI) and the Eurozone (MERO) are available for barter in return for Ethereum now. The starting number of coins is capped at not more than 1% of the current M2 per country, as such, MonetaryCoin is designed as a value-added companion to an existing money supply.

MonetaryCoin imports economic data (via an "oracle"), coin ownership determines forging power ("proof of stake") and one can choose to share personal information (or not) when sending coins ("AML-KYC"). A new foundation manages the development of the MonetaryCoin and oversees the oracle.