Let's go to continue this blog with another project. First of all, for who missed previous entries, what's a cryptocurrency? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.
Today there are thousands of coins on the market, already in operation, such as Bitcoin, Ethereum, Ripple, etc., but there are many thousands more that are about to leave. The former are called cryptocurrencies and can be purchased on many websites such as Coinbase, Localbitcoins, Kraken, etc. The others are the so-called ICO's (Initial Coin Offering), which can be obtained with significant discounts and price runs through small contracts and transfers through Ethereum. But there exist others those that have just been born, which are not even in the ICO phase, which launched campaigns to attract the public attention, these are the Airdrops. With this, we can get thousands of coins for free. I emphasize these because it's a way to win crypto coins even if the market is as it is. In this way, you never lose money.
Today there are thousands of coins on the market, already in operation, such as Bitcoin, Ethereum, Ripple, etc., but there are many thousands more that are about to leave. The former are called cryptocurrencies and can be purchased on many websites such as Coinbase, Localbitcoins, Kraken, etc. The others are the so-called ICO's (Initial Coin Offering), which can be obtained with significant discounts and price runs through small contracts and transfers through Ethereum. But there exist others those that have just been born, which are not even in the ICO phase, which launched campaigns to attract the public attention, these are the Airdrops. With this, we can get thousands of coins for free. I emphasize these because it's a way to win crypto coins even if the market is as it is. In this way, you never lose money.
However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As we all know, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been agiler in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account. For this reason, that is why I choose the best of them through an exhaustive study of the main characteristics.
For this reason, the project I am going to present you is Monarch Token, a universal crypto wallet with recurring payments and silver backed tokens.
Video Presentation
Definition
As I said before, Monarch Token (MTS) (https://monarchtoken.io/) is a revolutionary payment platform based on a universal block crypto wallet that allows users to be their own boss, providing a simple and easy-to-use bridge between consumers and merchants.
It uses a two token structure. On the one hand, the Monarch security token, which allows holders to benefit from the symbolic physical silver backing and dividend distribution. On the other hand, Monarch Utility Token used as a transactional means to optimize the fee structure and payment remediation.
Goals
The main objective of the Monarch Token Ecosystem is to address the variety of crypto wallet space risks in relation to the management of private keys and seeds, which can be easily lost or lost, the barriers with countless KYC processes and account configurations required, and also avoid the possibility of being involved with market volatility and devaluation of crypto wallet assets.
To solve it, Monarch aims to create a platform that allows the user to add their banking information to Monarch, which allows the purchase of assets from the Monarch platform.
As I said before, Monarch Token (MTS) (https://monarchtoken.io/) is a revolutionary payment platform based on a universal block crypto wallet that allows users to be their own boss, providing a simple and easy-to-use bridge between consumers and merchants.
It uses a two token structure. On the one hand, the Monarch security token, which allows holders to benefit from the symbolic physical silver backing and dividend distribution. On the other hand, Monarch Utility Token used as a transactional means to optimize the fee structure and payment remediation.
Goals
The main objective of the Monarch Token Ecosystem is to address the variety of crypto wallet space risks in relation to the management of private keys and seeds, which can be easily lost or lost, the barriers with countless KYC processes and account configurations required, and also avoid the possibility of being involved with market volatility and devaluation of crypto wallet assets.
To solve it, Monarch aims to create a platform that allows the user to add their banking information to Monarch, which allows the purchase of assets from the Monarch platform.
Features
| Image | Application | Use |
|---|---|---|
 | Mobile App | Accessible on all app stores including iOS and Google Play Stores |
 | Desktop App | Accessible on the Desktop including Windows and MAC OSx |
 | Hot/Cold Wallet | Used for both transactions and storage of funds, also supports recurring payments to merchants |
 | Merchant Plug-in | A plug and play interface for Merchants to Accept Cryptocurrencies |
 | Exchange | Buy and Sell Cryptocurrencies at the Best Prices |
 | Password Vault | Safe Storage of Passwords/ 2FA Codes and Mnemonic phrases |
 | Portfolio Tracker and News | Links All Supported Exchanges and Wallets to the Monarch |
 | Proprietary Blockchain | Blockchain Solution to handle Scalability and Reliability needs |
Advantages
The Monarch Token System is one of the cryptocurrencies that is giving a huge range of benefits ever seen. Following you have a wide list of them:
The Monarch Token System is one of the cryptocurrencies that is giving a huge range of benefits ever seen. Following you have a wide list of them:
- Use only one password for all services
- Recurring payment to pay monthly bills
- Secure storage of multiple cryptocurrencies
- The management of subscription-based services can be done from a platform
- Access to Monarch Exchange to buy and sell at the best possible prices
- Low exchange fees
- Low seller rates
- There will be simple on / off switches for all recurring payments
- Simple user experience
- A user interface will be built that allows users to track their finances and analyze their spending habits
- Send transactions through usernames instead of alphanumeric addresses
- Free point-to-point transactions
- Electronic tax reconciliation forms
- Cryptographic news, charts and portfolio tracking
- The Monarch Merchant plug-in will allow merchants to accept cryptocurrencies, communicate directly with the customer and manage subscription services on their websites
Roadmap
| Date | Stage | Events |
|---|---|---|
| Q2 2018 | MPV and Silver Backing for Security Tokens | Cold Wallet Storage for BTC and ERC20 tokens Portfolio Tracker Cryptocurrency News Market Data Silver Tokens 10% of TGE funds allocated to purchase physical silver from Scottsdale Mint |
| Q4 2018 | Token Support and Portfolio Tracker | NEP-5 Tokens and Many More Exchange API Integration Hot Wallet Recurring Payments Send payments via usernames not addresses Free Instant Peer to Peer Transactions |
| Q1 2019 | Exchange and Fiat Support | Monarch Token Pairings Integrate with other 3rd Party Exchanges |
| Q2 2019 | Merchant Plug-in, Customer Logistics and Dividend System | Content Management System Plugin Solution WordPress & Wix Support Customer Feedback reports Analytics Customer Subscription Tier and Info Management 50% Dividend Payout starts in conjunction with the Merchant Plugin 10% Continuous Silver Backing |
| Q4 2019 | Tax, Password and Net Proprietary Blockchain | Automatic Tax Form Generator Password Management Main Net Proprietary Blockchain Launch |
Airdrop
The project gives the opportunity to earn Monarch Tokens (MTS) performing some social media tasks and doing simple steps from the bounty program explained into this Bountyhive Platform. Here (https://bountyhive.io/browse/MonarchToken) you can access the link in order to see what are the conditions to become an early MTS contributor and start acquiring tokens.
Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (monarchtoken_WP). You can also stay tuned in their official Telegram group (https://t.me/MonarchToken). I hope you liked the post and soon I'll send you new ones.Extra details
Token: MTS
Platform: ETH
Type: ERC-20
ICO price: 1 MTS = 0.25 USD
Tokens supply: 500,000,000
Platform: ETH
Type: ERC-20
ICO price: 1 MTS = 0.25 USD
Tokens supply: 500,000,000
Author Details
Email: adria.parcerisas.albes@gmail.com
BountyHive username: atlethic
Telegram username: @clauming
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71
The lord of the rings? Hehe
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