Today there are a lot of cryptocurrency based exchanges around the world. Most of them are allowed only cryptocurrencies. In that marketplaces, we can buy and sell only cryptocurrencies. We cannot directly buy or sell cryptocurrencies using our fiat money. So investors have to convert their fiat money to Bitcoin, Ethereum or some big cryptocurrency. After that, they have to move their big crypto to another exchange to invest their expected cryptocurrency. So this process is very slow and there are lots of transaction fees are happening. And also they have to signup with several exchanges and verify KYC, make several wallets and save private keys, so it may be really time wasting and boring thing.
Monarch project identified those problems and give solutions for that problems. It introduces an exchange which can trade cryptocurrencies using fiat money. They create a platform that allows the user to add their bank account into Monarch and they can directly trade cryptocurrencies using from this platform. Then transfer the fiat back into their bank account. So on this platform should have really high security because it directly connects with our bank accounts. Monarch plan to create a password generation tool that will provide electronic storage of users’ private keys and passwords to all their crypto and non-crypto sites or services.
Monarch consists of a mobile app and a cold storage wallet with a user-friendly interface. Its allows BTC, ETC and all ERC-20 Tokens. And also it helps to track news and events. So it's easy for users to update news about their crypto assets. Users can store their passwords, manage 2FA codes, private keys, cold storage wallet, cryptocurrency balances and conduct their traditional fiat payments. All these things can be done using the monarch mobile application. Monarch platform intends to connect to 3rd party exchanges such as Binance, Bittrex, Coinbase. So this platform not for one exchange. Users can trade from all these exchanges by using one application.
⭐️Monarch Tokens
Monarch is complex ecosystem and it used two types of Monarch tokens called Monarch Security Token (MTS) and Monarch Utility Token (MT). In this platform, it used internal assets and 3rd party assets. If a token derives its value from 3rd party asset will be backed by silver assets, it is classified as a security token. If a token future access to a company’s product or service its called Utility token.
Monarch Security Token (MTS)
- Total Supply : 500 000 000 MTS
- Pre-Sale Token Price : 0.125 - 0.188 USD
- Main Sale Start Date : 2018-08-15
- Token Price : 0.25 USD
- Minimum Contribution : 5 ETH
- 50% dividends distributed to MTS Holders via Monarch’s hot wallet
- 10% of Token Generation Funds raised will be used to buy silver assets
- 10% of consumer-to-merchant transaction fees
Monarch Token (MT)
- Total Supply : 1 000 000 000 MTS
- Pre-Sale Token Price : 0.15 USD
- Main Sale Start Date : 2018-08-15
- Token Price : 0.20 USD
- Minimum Contribution : 0.1 ETH
- 50% discount on Monarch Exchange trading fees
- 50% discount on consumer-to-merchant transaction fees
⭐️For more details
Website : https://monarchtoken.io/
Twitter : https://twitter.com/monarchtoken
Facebook : https://www.facebook.com/MonarchToken/
Telegram : https://t.me/MonarchToken
Whitepaper : https://monarchtoken.io/whitepaper
⭐️About Author
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