White Paper

1. MoneyFree Network

1.1 Overview

MoneyFree Network's mission is to become the premier Web3 money-earning platform, enabling users to mine and earn cash directly through a mobile app.

How Mining Tokens Works

Users can initiate a 24-hour mining session with a single click, earning our native token, MoneyToken (MT). (See White Paper Ch. 2 for more details)

How Earning Cash Works

Users can earn Coins by completing tasks and surveys on the Offerwall, which can be instantly converted into mainstream cryptocurrencies or USD. (See White Paper Ch. 3 for more details)

As the network expands, with more token holders and app users, the value of the MoneyFree Network will surge. We utilize MoneyToken (MT) and Coins to reward active users who engage in our community and diligently complete tasks, express our gratitude for their contributions to the MoneyFree Network. We have also implemented a Referral System, meaning the larger your referral team, the greater your potential rewards!

2. Our Native Token - MoneyToken (MT)

2.1 MoneyToken’s Utilities

Staking
MoneyToken (MT) can be staked, allowing users to earn interest rewards paid in MoneyToken (MT).
Governance
As the MoneyFree Network project evolves into a DAO, MoneyToken (MT) will serve as the primary voting power for key decisions, including new feature development, percentage yield on token staking, and the schedule for MoneyToken (MT) development.
Buyback for Destruction
The core team will repurchase a certain amount of MoneyToken (MT) from users and destroy the tokens. This serves as a metric for our token economy, promoting sustainable growth in the value of MoneyToken (MT).

2.2 How to Earn MoneyToken

Users have 2 ways to earn MoneyToken.

1. Users can log into the app and initiate a 24-hour earning session.

The token balance will be rewarded according to the following formula:

1.6 MT / hr (38.4 per day) when total registered users are below 100,000.

0.8 MT / hr (19.2 per day) when total registered users have reached 100,000.

0.4 MT / hr (9.6 per day) when total registered users have reached 1 million.

0.2 MT / hr (4.8 per day) when total registered users have reached 10 million.

0.1 MT / hr (2.4 per day) when total registered users have reached 100 million.

No more new supply when total registered users have reached 1 billion or when all users have earned a total of 35 billion or 10 years after the first users has initiated the first earning session, whichever sooner.

2. Users can be "Leader" who invite new members to join the MoneyFree Network. These new members will automatically become part of the Leader's mining team. The Leader, who extended the invitation, will receive the mining rate of:

25% x the number of active members in the mining team.

For example, if a Leader has an earning rate of 0.8 MT / hour and has 55 new members in his team, with 20 of them currently active, then his current mining earning rate would be 0.8 x 20 x 25% = 4 MT / hour for the mining session. There is no limit to the team size and bonus income.

2.3 Maximum Supply of MoneyToken

There are 100 billion tokens to be supplied which 35 billion would be distributed to users as Launch Incentives & Distribution. Whenever a user has earned and minted 1 MoneyToken, another 1.857143 (65/35) MoneyToken will be minted and distributed to the Staking Pool, Public Sales Pool, Foundation Reserve and Core Team so that it gives the following proportions,

Launch Incentives & Distribution: 35% (for users to earn in daily sessions)
Staking Pool: 15% (for distributing staking interest)
Public Sales Pool: 15% (for managing liquidity)
Foundation Reserve: 20% (for project operation and future development)
Core Team: 15% (these will be locked for 4 years, distributed 1/4 every year)

There are possibilities that total circulation of MoneyToken would be less than 100 billions when new supply is ceased upon total registered users having reached 1 billion or 10 years after the project is launched.

3. Offerwall - Earn Real Cash

MoneyFree Network creates a completely free and easy-to-use task platform - connecting online task seekers and providers, making tasks easily visible and quickly completed!
As a user, you can freely choose tasks that interest you and even form teams to earn more money.

3.1 Coins
"Coins" in MoneyFree are special reward units. When accumulated to a certain quantity, they can be exchanged for cryptocurrencies or USD, and withdrawn instantly. 2000 coins are equal to $1.00 USD.

How to Earn Coins

Daily check-in App: Get free Coins every day
Offerwall: Earn Coins by completing offerwall tasks and surveys (Ch 3.2)
Earning Team: Invite friends to get a fraction of their Offerwall rewards (Ch 3.3)
Weekly Leaderboard: Climb the leaderboards for extra bonuses (Ch 3.4)

3.2 How Offerwall Works

Do Tasks

High task earnings to earn money in minutes
Hundreds of each offerwall tasks and surveys for you to choose

Get Paid

Convert Coins to USD via PayPal
PayPal will charge a 5% transaction fee, so the minimum cash out threshold is $5 USD.
Convert Coins to BTC, LTC, DOGE
- LTC: The withdrawal threshold is 1 USD equivalent of coins, with no transaction fees.
- DOGE: The withdrawal threshold is 2 USD equivalent of coins, with a transaction fee of 0.5 USD equivalent of coins.
- BTC: The withdrawal threshold is 5 USD equivalent of coins, with a transaction fee of 2 USD equivalent of coins.

3.3 How Offerwall Earning Team Works

Users can be "Leader" who invite new members with their invitation code to join the MoneyFree Network. These new members will automatically become part of the Leader's mining team (Ch 2.2) and Offerwall Earning Team. Then, you can get a fraction of their offerwall rewards of your direct referees and your referees’ referees, downstream.

We offer two levels of referral bonuses:

Get 25% of the offerwall rewards of your direct referees
Get 5% of the offerwall rewards of your referees’ referees, downstream