MonarchToken is the Complete Crypto Solution
More and more people are starting to enter the cryptourrency ecosystem even though they have not understood it properly. For people entering the world of cryptocurrency, there are many obstacles to entering this space. Starting from the process of buying or selling a crypto asset and then trying to cash it into fiat currency. Things are not that simple. In fact, trading and investment actions in cryptocurrency still require a certain level of technical knowledge. The crypto space poses various risks in terms of managing keys and personal seeds, which can be easily misplaced, lost or stolen. In addition, countless KYC processes and account setup required by exchange create more barriers to entry. There is also the possibility of financial losses associated with the volatility market and devaluation of crypto assets.
Monarch aims to address all these limitations. With a team with some of the best and brightest thinking in cryptocurrency and software development, Monarch created a platform that allows users to add their bank account information to Monarch, enabling the purchase of crypto assets only from the Monarch platform. From Monarch, they will be able to buy or sell crypto assets, then transfer the fiat back to their bank account. We plan to create a password generation tool that will provide electronic storage of personal keys and user passwords to all of their crypto sites and non-crypto services
Monarch is a revolutionary payment platform that allows users to "Be Their Own King," provides a simple and easy-to-use bridge between consumers and merchants. It is a tool that includes all the things that bring practical functionality to cryptocurrency for real-world use.
Vision Monarch
Monarch's vision is to bridge the gap between the cryptocurrency space and the traditional marketplace payment platform. Monarch Wallet is an all-inclusive application that includes Cold Wallet for proper cryptocurrency storage and Hot Wallet for instant transactions and unique payments of operability, such as subscription payments and installment plans. Monarch wants to bring blockchain adoption to speed with an all-in-one user experience for all your payment and portfolio management needs.
Minium Viable Product
To achieve its goal of revolutionizing the payment industry, Monarch launched a product that can be used in the beginning. MONARCH designed a mobile app that works as a cold
storage wallet. The Monarch mobile app, which will be available for free on iOS app stores (providing Apple app approval) and desktop, allows users to save their Bitcoin, Ethereum, & ERC20 tokens. It will also display news, track all user assets, and allow users to send and receive payments in BTC & Ethereum (all ERC20 tokens included). Application updates will start immediately after Sale Token, starting with price warnings and special notifications.
Monarch Cold Wallet
Available in MVP during Genesis Token Generation
Offline secure storage for multiple cryptocurrencies (BTC, ETH, ERC20 tokens, NEO, NEP-5 tokens)
Monarch does not take charge on deposits or withdrawals from cold wallets
Monarch Hot Wallet
Connected to 3rd party exchange
Allow Subscription / Subscription based payments
Integrated into Monarch Exchange
Free peer-to-peer transaction
Instant transaction
Compatible with Monarch Merchant Plugin
Accepts Monarch User Security Duty Token
Hot Wallet vs. Cold Wallet
Hot Wallet is like a checking account, while Cold Wallet is like a savings account. As the name suggests,
Hot Wallet is used for the daily expenditure of cryptocurrency and usually holds only a few tokens, much like the real wallet people keep. Cold Wallet, on the other hand, is used for long-term cryptocurrency storage and usually saves large amounts of money not intended to be touched very often.
MONARCH FEATURES
Recurring Payment - Monarch will be able to handle repeated payments for both fiat and cryptocurrency payments in pending patent platforms. Monarch will use off-chain solutions to allow users to schedule payments between two or more parties.
Instant Transactions - Unlike traditional and inherited type of payment systems, Monarch can process transactions instantly.
Cryptocurrency Compatible - At launch, Monarch will be able to support a number of cryptocurrencies including Bitcoin, Ethereum, and other ERC20 tokens, with the intention to accept all major token markets as well. This benefits buyers and sellers because new payment options are available for both parties.
Low Exchange Fees - To offer buyers and sellers of the best exchange rates, Monarch will connect to some cryptocurrency exchange providers. Monarch will utilize the opportunity exchange arbitration, combined with our analytics engine, to ensure the best exchange rates.
Monarch Exchange - Due to increased volume and platform usage, Monarch will use the funds to build fully functional peer-to-peer exchange. Utilizing their hot purses, users will be able to trade for another cryptocurrency and return to the fiat of the Monarch platform.
Low Seller Fees - To stay competitive with other payment processors, Monarch will charge a 2% merchant on the payment received. As network volumes increase, Monarch will lower these costs to remain competitive. Interacting on a global scale, processing billions of dollars a day should allow the monarch to reduce this cost without effect.
Subscription Management - As one of the main pillars of Monarch, users will be able to manage all their subscriptions and repeat payments from one place. Starting or canceling a service should be simple. With Monarch, it should be as easy as swiping the screen.
Hot and Cold Wallet - Each user will have a cool wallet where they will have a private key. This will enable them to take advantage of all hard-forks and participation in Ethereum-based tokens, while also maximizing security. Hot wallet will allow users to set up repeat payments and pay for subscription-based products or services.
Accepts FIAT - Monarch will support FIAT currency by utilizing and connecting to external exchanges. Due to increased liquidity and usage in our network, Monarch will develop its own internal exchange.
Easy Registration - Users will be able to take advantage of our easy registration process to sign up for new services. Registration for many services is repetitive and time-consuming. Monarch will allow users to quickly sign up for new external services by simply requesting permission to the point of data required by the vendor.
Merchant Plugins - Monarch will develop plug-ins for easy integration into existing websites and platforms. This will allow consumers to pay with Monarch rather than traditional payment options, such as credit cards and PayPal. This will also allow traders to accept alternative currency types.
Interface for Finances - A user interface will be built that allows users to track their finances and analyze their spending habits. Users will be able to create budgets, receive notifications, track their investments, and keep track of their bills. All in one place.
Tax Reconcile Forms - Unchanging bookkeeping makes it easy to track accounting. Monarch will generate export reports to automate the process of documenting taxes and performing real-time audits.
Use Name or Email to Send Funds - New users find it difficult to send transactions to alphanumeric addresses. The Hot Monarch wallet will have an optional Username feature so users can quickly search and identify each other using a username. Simple usernames allow users to search for each other and add new contacts to their friends list. The Monarch platform implements the social feature that lets users add other users for quick remediation or payment to each other.
Silver Backing - 10% of the funds collected from the initial Token Generation will be allocated for the direct purchase of silver assets. In addition, 10% of each merchant transaction fee in the Hot Monarch Wallet will be distributed to silver assets to continue to increase additional silver support funding. Silver support will help combat the volatility of standard digital assets, ensuring that digital assets are backed by real and valuable assets. Monarch Security Token is a more stable investment compared to most other cryptocurrencies.
Dividend Structure - 50% of all merchant transaction fees from Monarch Hot Wallet will be distributed proportionally to all Monarch Security Token Holders (MTS). Once a week, 50% of all traded merchant transaction fees will be used to buy back Monarch Utility Token (MT) and become distributed among the Monarch Safety Token Holder.
Password Vault - The Monarch Password Vault stores passwords locally and securely.
Portfolio Management - Track your portfolio, whether it's in Monarch Cold and Hot wallet or the 3rd party exchange through API connection.
Liquidity Pool - Purchase and sale of cryptocurrency at the best price. Monarch will allocate 50% of the $ 105,000,000 sales token to the flowering account to be used as a liquidity to buy and sell cryptocurrency on behalf of the user.
BENEFITS OF MONARCH
For Users
Monarch will simplify the crypto trading experience for all users. Instead of having multiple exchanges, wallets, and software, the Monarch App will offer the following features:
Safe storage of multiple crypto currencies
Access to Monarch Exchange to buy and sell at the best price
Send a recurring payment to pay your monthly bill
Submit a transaction via a username instead of an alpha-numeric address
Free peer to peer transaction
Reconcile electronic tax forms
Crypto news, charts, and portfolio tracking
For Merchant
Monarch Merchant Plug-In:
Monarch Merchant Plug-In is integrated into eCommerce Content Management System (CMS) such as WordPress, Wix, Squarespace, etc.
The Monarch Merchant Plug-In will allow merchants to receive cryptocurrency, communicate directly with customers, and manage subscription services on their websites.
Customers can pay with cryptocurrency and Monarch Merchant Plug-In will pay Merchant in fiat form using its internal exchange.
For Investors
Weekly Dividend - 50% of merchant transaction fees are distributed weekly to Monarch Security Token holders
Silver-Backed Tokens - 10% of merchant transaction fees and TGE sales are used to continue to return our tokens with physical silver
Token Airdrop Utility - Monarch Security Token Holder will be given the same amount of Monarch Utility Tokens post TGE
ROADMAP
Monarch aims to address all these limitations. With a team with some of the best and brightest thinking in cryptocurrency and software development, Monarch created a platform that allows users to add their bank account information to Monarch, enabling the purchase of crypto assets only from the Monarch platform. From Monarch, they will be able to buy or sell crypto assets, then transfer the fiat back to their bank account. We plan to create a password generation tool that will provide electronic storage of personal keys and user passwords to all of their crypto sites and non-crypto services
Monarch is a revolutionary payment platform that allows users to "Be Their Own King," provides a simple and easy-to-use bridge between consumers and merchants. It is a tool that includes all the things that bring practical functionality to cryptocurrency for real-world use.
Vision Monarch
Monarch's vision is to bridge the gap between the cryptocurrency space and the traditional marketplace payment platform. Monarch Wallet is an all-inclusive application that includes Cold Wallet for proper cryptocurrency storage and Hot Wallet for instant transactions and unique payments of operability, such as subscription payments and installment plans. Monarch wants to bring blockchain adoption to speed with an all-in-one user experience for all your payment and portfolio management needs.
Minium Viable Product
To achieve its goal of revolutionizing the payment industry, Monarch launched a product that can be used in the beginning. MONARCH designed a mobile app that works as a cold
storage wallet. The Monarch mobile app, which will be available for free on iOS app stores (providing Apple app approval) and desktop, allows users to save their Bitcoin, Ethereum, & ERC20 tokens. It will also display news, track all user assets, and allow users to send and receive payments in BTC & Ethereum (all ERC20 tokens included). Application updates will start immediately after Sale Token, starting with price warnings and special notifications.
Monarch Cold Wallet
Available in MVP during Genesis Token Generation
Offline secure storage for multiple cryptocurrencies (BTC, ETH, ERC20 tokens, NEO, NEP-5 tokens)
Monarch does not take charge on deposits or withdrawals from cold wallets
Monarch Hot Wallet
Connected to 3rd party exchange
Allow Subscription / Subscription based payments
Integrated into Monarch Exchange
Free peer-to-peer transaction
Instant transaction
Compatible with Monarch Merchant Plugin
Accepts Monarch User Security Duty Token
Hot Wallet vs. Cold Wallet
Hot Wallet is like a checking account, while Cold Wallet is like a savings account. As the name suggests,
Hot Wallet is used for the daily expenditure of cryptocurrency and usually holds only a few tokens, much like the real wallet people keep. Cold Wallet, on the other hand, is used for long-term cryptocurrency storage and usually saves large amounts of money not intended to be touched very often.
MONARCH FEATURES
Recurring Payment - Monarch will be able to handle repeated payments for both fiat and cryptocurrency payments in pending patent platforms. Monarch will use off-chain solutions to allow users to schedule payments between two or more parties.
Instant Transactions - Unlike traditional and inherited type of payment systems, Monarch can process transactions instantly.
Cryptocurrency Compatible - At launch, Monarch will be able to support a number of cryptocurrencies including Bitcoin, Ethereum, and other ERC20 tokens, with the intention to accept all major token markets as well. This benefits buyers and sellers because new payment options are available for both parties.
Low Exchange Fees - To offer buyers and sellers of the best exchange rates, Monarch will connect to some cryptocurrency exchange providers. Monarch will utilize the opportunity exchange arbitration, combined with our analytics engine, to ensure the best exchange rates.
Monarch Exchange - Due to increased volume and platform usage, Monarch will use the funds to build fully functional peer-to-peer exchange. Utilizing their hot purses, users will be able to trade for another cryptocurrency and return to the fiat of the Monarch platform.
Low Seller Fees - To stay competitive with other payment processors, Monarch will charge a 2% merchant on the payment received. As network volumes increase, Monarch will lower these costs to remain competitive. Interacting on a global scale, processing billions of dollars a day should allow the monarch to reduce this cost without effect.
Subscription Management - As one of the main pillars of Monarch, users will be able to manage all their subscriptions and repeat payments from one place. Starting or canceling a service should be simple. With Monarch, it should be as easy as swiping the screen.
Hot and Cold Wallet - Each user will have a cool wallet where they will have a private key. This will enable them to take advantage of all hard-forks and participation in Ethereum-based tokens, while also maximizing security. Hot wallet will allow users to set up repeat payments and pay for subscription-based products or services.
Accepts FIAT - Monarch will support FIAT currency by utilizing and connecting to external exchanges. Due to increased liquidity and usage in our network, Monarch will develop its own internal exchange.
Easy Registration - Users will be able to take advantage of our easy registration process to sign up for new services. Registration for many services is repetitive and time-consuming. Monarch will allow users to quickly sign up for new external services by simply requesting permission to the point of data required by the vendor.
Merchant Plugins - Monarch will develop plug-ins for easy integration into existing websites and platforms. This will allow consumers to pay with Monarch rather than traditional payment options, such as credit cards and PayPal. This will also allow traders to accept alternative currency types.
Interface for Finances - A user interface will be built that allows users to track their finances and analyze their spending habits. Users will be able to create budgets, receive notifications, track their investments, and keep track of their bills. All in one place.
Tax Reconcile Forms - Unchanging bookkeeping makes it easy to track accounting. Monarch will generate export reports to automate the process of documenting taxes and performing real-time audits.
Use Name or Email to Send Funds - New users find it difficult to send transactions to alphanumeric addresses. The Hot Monarch wallet will have an optional Username feature so users can quickly search and identify each other using a username. Simple usernames allow users to search for each other and add new contacts to their friends list. The Monarch platform implements the social feature that lets users add other users for quick remediation or payment to each other.
Silver Backing - 10% of the funds collected from the initial Token Generation will be allocated for the direct purchase of silver assets. In addition, 10% of each merchant transaction fee in the Hot Monarch Wallet will be distributed to silver assets to continue to increase additional silver support funding. Silver support will help combat the volatility of standard digital assets, ensuring that digital assets are backed by real and valuable assets. Monarch Security Token is a more stable investment compared to most other cryptocurrencies.
Dividend Structure - 50% of all merchant transaction fees from Monarch Hot Wallet will be distributed proportionally to all Monarch Security Token Holders (MTS). Once a week, 50% of all traded merchant transaction fees will be used to buy back Monarch Utility Token (MT) and become distributed among the Monarch Safety Token Holder.
Password Vault - The Monarch Password Vault stores passwords locally and securely.
Portfolio Management - Track your portfolio, whether it's in Monarch Cold and Hot wallet or the 3rd party exchange through API connection.
Liquidity Pool - Purchase and sale of cryptocurrency at the best price. Monarch will allocate 50% of the $ 105,000,000 sales token to the flowering account to be used as a liquidity to buy and sell cryptocurrency on behalf of the user.
BENEFITS OF MONARCH
For Users
Monarch will simplify the crypto trading experience for all users. Instead of having multiple exchanges, wallets, and software, the Monarch App will offer the following features:
Safe storage of multiple crypto currencies
Access to Monarch Exchange to buy and sell at the best price
Send a recurring payment to pay your monthly bill
Submit a transaction via a username instead of an alpha-numeric address
Free peer to peer transaction
Reconcile electronic tax forms
Crypto news, charts, and portfolio tracking
For Merchant
Monarch Merchant Plug-In:
Monarch Merchant Plug-In is integrated into eCommerce Content Management System (CMS) such as WordPress, Wix, Squarespace, etc.
The Monarch Merchant Plug-In will allow merchants to receive cryptocurrency, communicate directly with customers, and manage subscription services on their websites.
Customers can pay with cryptocurrency and Monarch Merchant Plug-In will pay Merchant in fiat form using its internal exchange.
For Investors
Weekly Dividend - 50% of merchant transaction fees are distributed weekly to Monarch Security Token holders
Silver-Backed Tokens - 10% of merchant transaction fees and TGE sales are used to continue to return our tokens with physical silver
Token Airdrop Utility - Monarch Security Token Holder will be given the same amount of Monarch Utility Tokens post TGE
ROADMAP
Q2 2018 – Peasant
MVP
Cold Wallet Storage for BTC and ERC20 tokens
Portfolio Tracker
Cryptocurrency News
Market Data
Silver Backing for Security Tokens
10% of TGE funds allocated to purchase physical silver from Scottsdale Mint
Q4 2018 – Squire
Continuous Additional Token Support
Portfolio Tracker – Exchange API Integration
Hot Wallet
Q1 2019 – Knight
Monarch Exchange
Fiat Support
Q2 2019 – Duke and Duchess
Merchant Plugin
Dividend System
Q4 2019 – King or Queen
Automatic Tax Form Generator
Password Management
Main Net Proprietary Blockchain Launch
Official Information:
Website :https://monarchtoken.io/
Whitepaper: https://monarchtoken.io/whitepaper/
Facebook: https://www.facebook.com/MonarchToken/
Twitter: https://twitter.com/monarchtoken
Telegram: https://t.me/MonarchToken
Bountyhive Username : brunoaoi
Whitepaper: https://monarchtoken.io/whitepaper/
Facebook: https://www.facebook.com/MonarchToken/
Twitter: https://twitter.com/monarchtoken
Telegram: https://t.me/MonarchToken
Bountyhive Username : brunoaoi
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