Mony

 "Mony as Money" is ArdorBG v2
0xddb3594baab6564f723fb0ec4073420b8ccf3606

The beginning!

    At the beginning, when I started ArdorBG, the goal was to create an Ardor coin DEX market with grid trading and nothing more. At that time, I had discovered a formula in which I would not have to worry about the market trend and temporary losses, which showed that in the long run, grid trading would win. I applied this to Ardor coin DEX and after the formula was confirmed, the normal course of action was to continue to upgrade the market making.

    The second stage was to apply the formula to an asset exchange in Ardor. I started grid trading on ArdorBG and wETH. Then arbitrage started to appear that no one was taking advantage of, so I started posting on X "arbitrage is possible", but since no one was taking advantage of it, and I needed arbitrage because it would increase the turnover of grid trading, I decided it was time to find a market maker to arbitrage. This is how the market maker appeared, collecting a % of arbitrage, and my investors and I received the turnover from grid trading.
    The third stage of the upgrade was the most exciting and it came after we saw that the profits from the asset exchange increased the overall profit. That's when the idea of ​​"hedged assets" was born and that was the most revolutionary thing I created. The profits increased dramatically and then I described exactly what "hedged assets" were without revealing the mechanics behind them.

    

Return to reality in the markets!

    During these nearly 4 years of work, I was closely connected to the price of Ignis and the development of Ignis. Over the years, I tried options to back ArdorBG with other coins, but Ignis crashed by over 90% to show us that our idea was no good. I tried a lot and even had the idea to list ArdorBG on the CEX, but everything was pointless, because I was increasing the profits in Ignis, but because of the crash of the Ignis price, they became less valuable in dollars. The idea was to simply keep working and create deflation due to the decreasing circulation of Ignis from grid trading, despite the new 300,000 Ignis every month for node rewards. Then came another blow due to regulations, Probit stopped working and Ignis was left without any listing on the CEX. This brought us back to our original position. First we closed the market module, but we calculated that this move would not bring us profit in the future and therefore we stopped the "hedged assets" because we had no opportunity to trade, Ignis is in a closed environment and the "hedged assets" turned out to be blocked in this closed environment. This also blocks the possibility of arbitrage. 

    It turned out that I had built a great market making system that worked with excellent results, but the market played me. Yes, grid trading on Ardor coin DEX will generate some volume due to the need to spend some Ignis on transaction fees, but that would be a maximum of 5% of what I was making. 

The solution!

    Copying the entire market making system into BSC with further improvements was the logical move I made. This move gave me many advantages that I didn't even know existed. The first is the full automation of grid trading, hedged assets, and arbitrage. While in Ardor I was worried about the legacy of ArdorBG and not being able to share the passphrases of the addresses in the future, in BSC I got full automation, which allows everything to continue working even after me. 

    The next advantage is the pricing of Mony. While in Ardor the price was hard-coded to the price of Ignis + 40% of the profits, but in BSC I automated the pricing of Mony with 13 coins (BTC, ETH, BNB, SOL, USDT, EURI, TRX, AVAX, POL, UNI, CAKE, ASTER and ADA* - these coins will be increased in the future) + 50% of the profits. Or in fact we have pricing similar to a fund, which is the result of the price of its coins plus the profit from market making. 

    As I already mentioned, 50% of the profit will be taken out of the circulation of Mony, but what will happen to these coins? I have no intention of ever selling Mony at market price, so these coins will serve as additional liquidity for grid trading, which will increase profits in the future. With the remaining 50% of the profit which will be in other coins, I will use for personal expenses, buyback or burn more Mony. Actions will be taken based on market conditions and investors desire. My vision and strategy at the moment is to not burn in the future because a buyback would do the same job and this approach would help to have more liquid grids and more trading pairs, which would lead to higher profits. 

*I retain some flexibility with this 50% so that I can be as flexible as possible and deliver the best experience for me and my investors!

    In conclusion, I will clarify that Mony's pricing, in addition to the inbound and outbound flow of investments (trade), will be derived from the 13* trading pairs plus 50% of the profits from grid trading.