MNEE Stablecoin

PROJECT OVERVIEW

• Projduct: MNEE - USD-backed stablecoin

• Industry: Digital Payments / Financial Services

• Website URL: https://www.mnee.io

• Geographic Reach: Global, with early focus on Africa and underbanked regions

• BSV Integration Start Date: Q1 2024

BUSINESS CHALLENGE

Identified Issues:

• Traditional stablecoin platforms often suffer from high transaction fees, long confirmation times, and network congestion.

• Financial exclusion persists in many emerging markets due to limited access to affordable digital payment tools.

• Conventional systems lack scalability and often rely on intermediary-based infrastructures, introducing latency and trust issues.

Limitations of Traditional Systems:

• Ethereum-based stablecoins like USDC and USDT are prone to gas fees and network slowdowns.

• Fiat payment systems have high friction and are ill-suited for microtransactions or low-cost remittances.

WHY BSV?

BSV as the Ideal Solution:

• BSV offers extremely low fees (fractions of a cent), high transaction throughput, and a stable protocol suited for financial applications.

• The ability to mint and transfer tokens instantly using the 1Sat Ordinals protocol allows for seamless peer-to-peer settlement without gas tokens.

Comparison to Other Blockchains:

• Unlike Ethereum, which requires gas tokens for every transaction, MNEE on BSV avoids these overheads.

• Compared to Solana and Avalanche, BSV offers better protocol stability and scalability at a significantly lower cost.

SOLUTION ARCHITECTURE

Overview:

• MNEE is a USD-backed stablecoin built on the BSV blockchain using the 1Sat Ordinals protocol for instant, secure, and efficient token transfers.

Key Components:

• Tokenization: Each MNEE token represents a 1:1 value backed by USD reserves.

• 1Sat Ordinals Protocol: Tokens are inscribed directly onto satoshis, enabling instant transfers and simplified tracking.

• No Gas Fees: Transactions incur ~1/10th of a cent, enabling micro and nano-payments.

Partners/Vendors:

• MNEE works with custodians to ensure USD reserve backing, and plans further integrations with fintech partners and wallets.

IMPLEMENTATION PROCESS

Rollout Phases:

• Phase 1: Token design and launch using 1Sat Ordinals protocol (Q1 2024)

• Phase 2: Wallet and API integration, public minting

• Phase 3: Expansion into retail and remittance use cases

Integration with Legacy Systems:

• Planned API connectivity with banks and mobile money platforms.

Stakeholder Onboarding:

• Educational outreach to merchants and fintech developers; integration with wallets and payment apps to improve accessibility.

OUTCOMES & BUSINESS IMPACT

Quantifiable Improvements:

• Transaction Fees: Reduced from $0.30+ (traditional platforms) to <$0.001.

• Settlement Speed: Near-instantaneous token transfers.

• Accessibility: Support for micropayments and underserved markets.

Before vs After:

• Traditional stablecoins: Slow, expensive, and require gas.

• MNEE: Fast, cheap, user-friendly, gas-free transactions.

Feedback:

• Positive responses from developers and early adopters; strong interest from African fintechs looking to expand cross-border services.

CHALLENGES & MITIGATIONS

Challenges:

• Educating users unfamiliar with Ordinals and BSV ecosystem.

• Establishing trust in the USD reserve backing.

Mitigation Strategies:

• Transparent reporting and reserve audits.

• User-friendly documentation and wallet integrations.

FUTURE VISION

Expansion Plans:

• Broader rollout across Africa, Latin America, and Asia-Pacific for remittances and ecommerce.

• Partnerships with local fintechs and neobanks.

Upcoming Features:

• Integration with POS systems and QR-based payments.

• NFT-styled digital collectibles and programmable financial instruments on 1Sat Ordinals.