Here’s our 45th AMA recap!

Thank you to the Infinity Chain for participating in Ask Me Anything (AMA) with Moeda Seeds Bank on February 14, 2021. This guest star,

• Elinsa Kong — VP of Crypto Market

Introduction

Yuhe Kong,
I am VP of Crypto Market at Moeda seeds Bank

Q1: Could you please give us a simple introduction of Moeda? What’s the motivation for starting build Moeda?

Yuhe Kong,
Moeda is a blockchain-powered digital payment and micro-loan platform. The project started at a UN hackathon in 2017. After we won the hackathon by providing a blockchain empowered transparent impact investing platform, we soon turned the idea into a real project and named it Moeda. We raised $20MM funds through ICO in Aug. 2017 to build out the platform.

In 3 years, with the initial funds, we have come up with Moeda Microloan platform and raised over $1MM for 10+ seed projects in Brazil. We just came up with Moeda Pay, the digital payment platform and app, in Brazil, and got over 28K users signed up. We also launched marketplace, an e-commerce platform for grocery and Moeda branded products, and expanded to 10+ regions in Brazil during the covid-19 period.

Also, we are working on partnering with large corporations and governments globally on tech, finance, and digital payments. We partnered with IBM on hyperledger, Stellar on micro Paymentech, Brazilian banks on the issuance of Brazilian Reais pegged token MDA-BRL, Cielo the largest payment processor in LATAM on digital payment, Mastercard on Moeda co-branded prepaid debit cards.

Additionally, Mastercard will let merchants accept payments in crypto this year.

Currently, the ICO token #MDA is trading on top exchanges like Binance, OKex, Gate.io, and we are getting it on more exchanges globally.

For motivations for founders: there are two women founders in Moeda project, we see barriers for women to start their own business and get financial support from the traditional banking system. This is common especially in underdeveloped areas and emerging markets like Brazil. So we initially came up with the idea of Moeda as providing a transparent way for investors to invest in women found businesses.

However, we move further from our initial idea of providing a microloan platform for women entrepreneurs to an ecosystem around entrepreneurs.

They can get a loan through or seeds project, get hands-on tech support from our team, sell their products through our e-commerce platform, and pay with our digital payment app

Q2. What makes Moeda special? How is Moeda better than other project?

Yuhe Kong,
#Moeda is a blockchain project with real use cases. We build everything around the concept of ‘bringing supports to entrepreneurs.

Currently, we have a micro-lending platform, digital payment app Moeda Pay, and e-commerce platform Moeda Market ready

These together bring entrepreneurs fundings, payment methods, and sales support.

We will be continuing working to bringing more support to entrepreneurs, including getting banking license and bringing more digital banking services

Q3. What are the Business Objectives, Market and Target audience of Moeda?

Yuhe Kong,
The present focus for us is to get a banking license and promote Moeda Pay in Brazil. Looking to get 200K users in 2021.

For the long-term goal, we are looking to get 5% of the digital payment market in Brazil in 5 years — that’s a trillion-dollar market.

Also, Moeda is working on building an ecosystem to better facilitate entrepreneurs, from micro-loans support, to tech guidance, and other banking and sales services.

Our customers are mostly Brazilian individuals/businesses who need to get access to rate-friendly micro-loans and digital payment. For businesses, they could use Moeda to get access to loans at a much lower rate compare to other micro-loan providers, and they could use Moeda to get access to cryptocurrency, which has a high demand in Brazil due to the depreciation of its currency.

Q4. Can you explain about utility & use-cases $MDA in ecosystem Moeda ?

Yuhe Kong,
#MDA is an ERC-20 token we launched to use in Moeda ecosystem. Currently, there are 19.6 Million MDA issued and all tokens are distributed. The team does not hold tokens from Day1.

#MDA can be used as ‘money’ to invest in seeds project in Moeda micro-lending platform and get up to 10% return from 4 months to 12 months investment period.

#MDA can be used on Moeda Pay for payment

#MDA can be used on Moeda Market place to purchase grocery and Moeda branded products

Though we do not burn tokens, we reserve the right of buying back tokens.

As #MDA amount is limited, we believe that as the project develops and more users use MDA to participant in Moeda ecosystem, demand will drive the price of MDA

Also, as #MDA is trading on the largest exchanges, the liquidity is pretty good and investors can feel safe to hold it.

Q5. What are the major milestones Moeda achieved so far & what are in future pipeline?

Yuhe Kong,

This is our current roadmap. As I mentioned in the past 3 years, we have launched microloan, digital payment, e-commerce platforms. achieved partnership with large corporations.

In 2021 we are looking to getting a banking license in Brazil to perform digital banking services, and promote MoedaPay (looking to achieve 200k users in 2021)

TWITTER QUESTIONS

Q1. According on the Moeda website it removes traditional financial barriers, can promote support for small businesses & cooperatives. What are the requirements for a small business to join your project? Does Moeda also offer micro lending for small businesses?

Yuhe Kong,

Moeda offers unprecedented transparency for both investors and those who benefit from micro-lending. Investors can track the flow of capital and the progress of all projects financed on our website, and shortly through the Moeda Seeds App.

The Moeda platform also allows all entrepreneurs to have their own digital identity, enabling them, often for the first time, to have access to means of achieving viable financial records and to acquire the credit needed to boost their business and support their community.

The use of blockchain technology ensures transparency throughout all our processes. In addition, the proprietary digital tokens (MDA, MDABRL) allow investors around the world to support our Seed Projects with flexibility. We’ve placed the Sustainable Development Goals in all Seed Projects and are working on new ways to measure each of their achievements and report their progress to the public. Through the combination of local capacity building and technological innovation, we are building a new sustainable ecosystem for impact investments.

Q2. How does Moeda guarantee the transparency and security of the crypto-currencies within the wallet they have created in MoedaPay? What are the main currencies and networks that you have included within your payment model to facilitate transactions in your wallet?

Yuhe Kong,
#MDA has existed for 3 years. We have built products around the token instead of a new token of imagines. Also #MDA is trading on largest exchanges like Binance, Okex, Gate with pretty good liquidity.

We have been working with Brazilian government on launch of Brazilian Reais pegged fiat token, and othe organization I mentioned before like mastercard, IBM and Cielo. They have done due diligenc eon us before the collaboration.

#MDA is limited to 19.63 million tokens and the team does not hold tokens. As the system grows and there are more demands of #MDA to invest in seed projects and digital payment, we believe demand drives price of #MDA

On the technology side, #MDA is an ERC-20 token, we may consider to build Moeda chain and convert #MDA to moeda chain token when we reach a certain number of users in our ecosystem

Other than ethereum, we also leverage Stellar to build fiat-pegged tokens including MDA-BRL to enable fast and cost-efficient micro-transactions, Hyperledger to record information shared on a permission basis

Q3. Can you explain to us how can we get 10% returns by investing on MDA? What are the minimum amount do I need to buy?

Yuhe Kong,
The minimum contribute amount is US$ 8,00. When invest the seeds program, you can firstly sign up an account in the module then select available program. Putting ur MDA into the program according to the current MDA price. Also, our MDA perform very well recently, which almost doubled in Binance and OKEX. We will note the maturity from 4 months to 12 month at usual rate of return at 10%. After the maturity you can get the principal and interest back.

We work with largest largest Brazil cooperative union UniCafes according to our criterion, plan and producing activity, income of the past project and marketing channel to evaluate the project. Select the lowest default rate one to put to invest. During the whole process, we also send people to giving technical guidance and monitor the project process to make sure the project finish on time.

Q4. Can you explain to us the Moeda Seed Program? What is this program all about? What is the motivation and proceeds of this program? Who can participate with this program? What are the benefits for people and the environment that is this program brings?

Yuhe Kong,
All Seed Projects promote the UN Sustainable Development Goals. Moeda’s work involves implementing long-term sustainable practices and fostering local growth that leads to overall development.

For motivations for founders: there are two women founders in Moeda project, we see barriers for women to start their own business and get financial support from the traditional banking system. This is common especially in underdeveloped areas and emerging markets like Brazil. So we initially came up with the idea of Moeda as providing a transparent way for investors to invest in women found businesses.

Our customers are mostly Brazilian individuals/businesses who need to get access to rate-friendly micro-loans and digital payment. For businesses, they could use Moeda to get access to loans at a much lower rate compare to other micro-loan providers, and they could use Moeda to get access to cryptocurrency, which has a high demand in Brazil due to the depreciation of its currency.

#MDA is a token with real use cases, we see large demands from investors to get #MDA and use it in our system. As all #MDA is issued and distributed, we see demands drive the price. For the longer term, #MDA can definitely bring profits to investors.

Also, #MDA is trading on Binance, OKex, Gate. co and we are getting it on more exchanges globally, these top exchanges provide liquidity to MDA. So, investors can feel safe holding it.

Q5. When I was going to create a MOEDA account I was faced with two choices, namely a personal account and a business account (especially Brazil). Why is it only for Brazilians to create business accounts, and how does MOEDA expand the project to expand in various countries?

Yuhe Kong,
Like Paypal, Alipay, we have business account and individual account. We build the business account to distinguish from personal to make sure to report the local government the revenue and make tax easier.

And now the business account only available in Brazil and personal account is for global.

TELEGRAM QUESTIONS

Q1. From @Stevkile

What are the long-term benefits for $MDA token holders? How can Moeda not disappoint investors with the $MDA token value from the large price voting in the market?

How many wallets does Moeda support? Is Moeda planning in the future to create multiple wallets for the convenience of users?

Yuhe Kong,
#MDA is a token with real use cases, we see large demands from investors to get #MDA and use it in our system. As all #MDA is issued and distributed, we see demands drive the price. For the longer term, #MDA can definitely bring profits to investors.

Also, #MDA is trading on Binance, OKex, Gate. co and we are getting it on more exchanges globally, these top exchanges provide liquidity to MDA. So, investors can feel safe holding it.

Q2. From @Malkhadilcha

Feature is the most vital thing in building project growth, a product will not develop without good feature and promotion, whatever it is good. Can you provide a list of killer features that scare your competitors over your project?

Yuhe Kong,
As I mentioned in my last answer, we are building an ecosystem around entrepreneurs. Different from other crypto projects that focus on trading, we are focusing on bringing blockchain tech and digital currencies to normal people and teach them how to use them to make their life easier.
https://www.forbes.com/sites/annefield/2018/01/24/a-bitcoin-for-women-entrepreneurs-in-brazil-and-impact-investors-globally/?sh=194dccb66cee
https://www.fastcompany.com/40524015/can-the-worlds-underbanked-leapfrog-on-to-a-new-blockchain-financial-system

Here are some articles on what we do everyone can check out

https://exame.com/future-of-money/perspectivas-2021/cz-preve-bitcoin-a-100-mil-e-cita-projeto-brasileiro-para-ficar-de-olho-em-2021/
Also, in an interview with a Brazilian magazine, CZ from Binance mentioned Moeda as the most potential Brazilian blockchain project

Q3. From @Marjukajahan

what companies are you partnered with or seeking to partner with in future ?

Yuhe Kong,
We have been partnered with MasterCard to run out Moeda prepaid debit cards and allow users to top up the card through Moeda wallet; we also partnered with Cielo, the largest POS system in Brazil, to allow users to use MoedaPay at any location accepting Cielo. Through the partnership with legit players, we get the trust of users who are new to Moeda; also, we try our best to make it easy for new users to learn to use Moeda by providing them a familiar experience as they use any other services

Also, the team is quick to act when we see there is an opportunity to penetrate new users. For example, in March this year, when covid-19 was serious in Brazil, we were able to run out of grocery shopping and fast delivery on our market place in 5 areas in Brazil and get 100K new users to the system.

Q4. From

What is business model of your project? How it works? and
Who are your potential customers and which markets are you targeting on?

Yuhe Kong,
Moeda generates revenue from several ways: interests in micro-lending (up to 18% APR); digital payment transaction fees; other financial services including crypto exchanges, check deposit, wire transfers; e-commerce platform fees on transactions; sales of Moeda branded products

Q5. From

Is your aim, to become the number one (leader) in the digital payment and micro-loan platform ? and if so what will you say is your biggest strength to achieve it?

Yuhe Kong,
For the strongest, we are one of very few blockchain-powered financial service platforms in Brazil and we provide widely accessible and compatible rates and fees compared to other players

• Telegram : https://t.me/moedaproject
• Twitter : https://twitter.com/moedaseeds
• Website : https://moedaseeds.com
• Coinmarketcap : https://coinmarketcap.com/tr/currencies/moeda-loyalty-points/
• Facebook : https://www.facebook.com/moedaseeds/
• Instagram : https://www.instagram.com/moedaseeds/
• Youtube : https://www.youtube.com/channel/UCYKNfrimYV-goJP2Du-k7Mw

Thank you for trusting Infinity Chain as the organizer of the event today, hopefully everyone can understand about Moeda Seeds Bank.

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