Moeda Banking-as-a-Service Relaunches Digital Token

Moeda Banking-as-a-Service Relaunches Digital Token

Moeda Banking-as-a-Service Relaunches Digital Token

Moeda Banking-as-a-Service Relaunches Digital Token

Token sale to fund the community-focused mobile lending, payments and remittance platform

Moeda, an innovative banking-as-a-service cooperative network that aims to empower underbanked entrepreneurs through blockchain technology, is pleased to announce plans to relaunch its Moeda (MDA) digital token.

The relaunch is part of a strategy to broaden Moeda’s core lending-and-financial-education activities beyond serving women entrepreneurs. The finance cooperative is also recalibrating its funding ceiling by pegging the value of MDA tokens to the U.S. dollar, rather than to the Ethereum blockchain’s ether (ETH) token, which has soared in value in recent months.

Moeda is accepting direct donations of Bitcoin and fiat currency for MDA tokens with assistance from Bitcoin Suisse AG, a regulated cryptocurrency financial broker, asset manager and service provider based in Zug, Switzerland. Ten million MDA tokens are held by the Swiss company and will be allocated for pre-sales, advisors and bounties. The remainder will be held in the Moeda Foundation for later use. A maximum total of 20 million tokens will be issued between the pre-sales, private and public ICO phases.

A private contribution phase starts July 17, 2017 with a public phase running from July 28 to Aug. 28. Contributors will receive one MDA token in exchange for one U.S dollar’s worth of ETH. The USD/ETH exchange rate will be updated daily. A maximum of 5 million MDA tokens will be issued in the public phase.

“We aim to provide a community-focused mobile lending system that will give investors real-time transparency in projects that align with sustainable development goals,” said Taynaah Reis, Moeda’s chief executive officer and chairwoman. “The token’s relaunch is crucial to achieving Moeda’s mission.”

“These updates do not change how we direct funds toward developing the Moeda platform and empowering borrowers” Reis said.

Moeda has pledged to the Brazilian Central Bank, Brazilian tax authorities and regulatory bodies that it will maintain a transparent and compliant digital banking venture that will regularly provide information about its seed projects and other operations in the country.

Previous buyers of Moeda tokens will receive a loyalty bonus on their initial outlay to compensate for realignment of the token peg.

Conditions regarding Moeda’s loyalty program may be subject to change. For more information, see Moeda’s website at moeda.in.

 About Moeda 

Moeda is an innovative blockchain-based cooperative banking-as-a-service enterprise that provides peer-to-peer payments, remittances and micro-business loans. Funded through the Moeda digital currency, the organization operates in line with United Nations sustainable development goals and guidelines. Moeda works closely with a range of institutions, including Green Cross, a global NGO founded by Mikhail Gorbachev, UNICAFES, the Brazilian National Union of Cooperatives, and Cresol, a Brazilian Cooperative bank. 

Moeda offers simple peer-to-peer payments and a peer-to-peer remittance network to help drive entrepreneurs toward their goals. From micro business loans to large crowdfunded initiatives, the Moeda digital token, which is fiat pegged, can empower regular people across the world.

About the team : 

Taynaah Reis | Chair-Woman and Chief Executive Officer

Taynaah’s self-learned software programing background and hands-on experience with Smart City applications for the Brazilian Government, United Nations, New York utility company Con Edison, among other medium and large public and private institutions aims to provide MOEDA with another layer of game-changing methods for handling governance, resources management and banking solutions.

Brad Chun | Vice Chair and Chief Technology Officer

Brad has founded or invested in numerous ventures and typically serves as the CEO or Managing Partner. Industries he has been active in over the past few years include digital payments, restaurant technologies, and exchange trading platforms. Brad is very active in the blockchain / cryptocurrency space and became interested in Bitcoins in 2010 when he first experimented with the technology.

Athena Diaconis | Chief Operating Officer

Athena is a researcher who has a knack for deconstructing human behavior and catapulting systems change. She’s spent her career researching and implementing human-centered design in a variety of industries.

Isa Yu | Chief Financial Officer

Isa is a Blockchain supporter with the belief that the decentralized technology will help industries be more transparent and efficient. She has been actively trading cryptocurrencies and doing technology consulting in Blockchain space since 2014.

Angela Morente Cheng | Chief Marketing Officer

Prior to becoming an entrepreneur, Angela worked at a technology investment fund. While tracing how the Japan earthquake and Thailand floods impacted computer supply chains, with factory closures driving price increases and delays due to a highly interconnected system with a just in time supply chain, she became convinced of the urgent need to implement sustainable solutions.

Vivian Hanai | Chief Evangelist Officer

Vivian Hanai is a Transformational Coach, Best-Selling Author and Serial Zentrepreneur from Sao Paulo, Brazil. She was the CEO of Womenation, the world’s #1 social network dedicated to empower women and give them tools to improve their communities, according to the principles of The Sacred Feminine and The Sacred Economics. Vivian was also president of the NGO Merkabah Empire, Institute for Human and Sustainable Development.

Brent Dixon | Chief Impact Officer

Co-Founder and Chief Designer Officer of Trabian, a rapid prototyping studio for human-centered, values-based financial technology. Co-creator with Communitere International, a global NGO that creates dynamic, collaborative hubs in affected communities.

 

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