We are seeking to raise a minimum of $10,000 (target amount) and up to $107,000 (overallotment amount) in this offering through Regulation Crowdfunding. If we manage to raise our overallotment amount of $107,000, we believe the amount will last us 6 months and plan to use the net proceeds of approximately $100,580 over the course of that time as follows:
The quoted price for the app which will supply all of the necessary features: $30,000. This will be among the company's first steps. After raising around $40,000 and conducting the necessary rolling close(s), the Company will begin developing the Monetran app and the correlating Moneda token. This process is expected to take approximately one (1) month for development and an additional two (2) weeks of testing and refining.
Salaries for the six (6) team members: $47,000. This amount will provide payment to Monetran team members for approximately six months.
Marketing of both the token and the company: $12,840. Company to focus marketing efforts in select area. First, social media marketing and ad-click campaigns (through Facebook, Google, etc) will be heavily utilized to help increase brand awareness and educate consumers on the new product. Second, the Company may target its marketing geographically to help enter specific international remittance markets. Additionally, Company may develop brief educational materials to help ensure consumers understand how to fully utilize and benefit from its products and services.
General operating capital: $10,740
