Monarch (MT) ICO logo
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Monarch (MT) STO

STO
Past
Aug 15, 2018 – Jun 30, 2019

Monarch is a fiat-crypto exchange with a wallet and merchant plugin that offers recurring payments for monthly bills.

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Monarch (MT) STO ratings

ICObench.com Monarch (MT) icobench 3.8 / 5
ICOmarks.com Monarch (MT) icomarks 8.8 / 10
TrackICO.io NA
ICOholder.com Monarch (MT) icoholder 2.7 / 5
Our rating
7.3
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Overview

Project industry Exchanges & Wallets
Product type Platform

What is Monarch

Currently, there are large barriers to entering into the cryptocurrency space.

The process of buying or selling crypto assets - and then trying to cash them out into fiat currency - is not a simple one. In fact, the act of trading and investing in cryptocurrencies still requires a certain degree of technical knowledge.

The crypto space poses a variety of risks in regards to the management of private keys and seeds, which can be easily misplaced, lost or stolen. Moreover, the countless KYC processes and account setups required by the exchanges create even more entry barriers. There is also the possibility of financial losses related to market volatility and crypto asset devaluation.

Monarch aims to address all these limitations. We have a team of some of the best and brightest minds in cryptocurrency and software development. We understand the issues and have the means to solve them.

We plan to create a platform that allows the user to add their bank account information into Monarch, allowing the purchase of crypto assets solely from the Monarch platform. From Monarch, they would be able to buy or sell crypto assets, then transfer the fiat back into their bank account. We 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.

We plan to integrate a recurring payments tool that will allow users to monitor, start, and stop all subscription services to places like Netflix, mortgage companies, utility bills, car payments, Amazon etc. All of this is made possible with a simple swipe of our mobile app.

We will use 10% of all token sale proceeds to back the value of Monarch Security Tokens with physical, verifiable silver assets. 10% of the transaction fees will also be used to purchase silver assets, ensuring that one day, with proper adoption, Monarch tokens will become a fully backed silver asset. This token system will help combat volatility or a worthless cryptocurrency.

Monarch is offering an extremely useful and free Minimum Viable Product (MVP) at the start of this endeavor. The MVP will be launched on the Apple Store and will consist of a mobile app that will allow cold storage of BTC, ETC and all ERC-20 Tokens. It will have a portfolio tracker and a news/events section to keep users up-to-date on the news and the status of all their crypto assets.

Using an easy to understand interface, the user will be able to control their everyday bills, services, subscriptions, passwords and trade crypto assets from a few swipes on their screen. We are bringing cryptocurrency to the masses.

Monarch is a revolutionary payment platform that enables users to “Be Their Own King,” providing a simple and easy-to-use bridge between consumers and merchants. It’s an all-encompassing tool that brings practical functionality to cryptocurrencies for real world usage.

Cryptocurrency complexities are a thing of the past. With the Monarch Platform, users will be able to store passwords, manage 2FA codes, cold storage wallet, manage cryptocurrency balances, manage private keys, and conduct traditional fiat payments. All from one simple application. The Monarch platform intends to connect to 3rd party exchanges (Binance, Bittrex, Coinbase, etc.) so that users can trade from all across all exchanges on one platform from one user-friendly application. Furthermore, Monarch will partner with exchanges in order to find the best possible buy and sell price among the seemingly countless exchange options.

Another deterrence from mass adoption of cryptocurrencies as a payment method is the constant volatility of cryptocurrencies. Initially, 10% of Monarch Security Token will be backed by silver, paid for by the proceeds generated from the Token Sale. Physical silver will be continuously bought using 10% of the transaction fees in the ecosystem until 1 ounce of silver backs each security token. The Monarch Hot Wallet ecosystem will continuously fund the Monarch Security Token with silver from 10% of the proceeds from transactions fees. An additional 50% of Monarch Hot Wallet transaction fees will be distributed proportionally to Monarch Security Token Holders.

Monarch utilizes a two token structure: the Monarch Security Token (MTS) and the Monarch Utility Token (MT). The Monarch Security Token allows holders to benefit from the token backing in physical silver and the distribution of dividends. The Monarch Utility Token is utilized as a transactional medium to optimize fee structure and payment remediation.

Details

Pre-sales: Jul 15, 2018 - Aug 14, 2018
Public sales: Aug 15, 2018 - Jun 30, 2019
Pre-sale token supply: 37,500,000
Token supply: 500,000,000 MT
Total tokens for sale: 250,000,000 MT
Soft cap: 2,000,000 USD
Hard cap: 50,000,000 USD

Legal

Blockchain Platform: Ethereum

Token info

Ticker: MT
Type: Security
Token price in USD: 1 MT= 0.25 USD
Accepted currencies: ETH, BTC
Bonus program:
Private Round: 50% discount
Pre-Sale Round A: 40% discount
Pre-Sale Round B: 30% discount
Pre-Sale Round C: 25% discount
Main Sale: 0% discount
Token distribution:
50% - Token Sale
27% - Development
18% - Team
5% - Advisors
Funds allocation:
50% - Exchange Fund
15% - Development
7.5% - Marketing
7.5% - Operations
7.5% - R&D
10% - Silver Backing
2.5% - Legal

Monarch Roadmap

1
Q2 2018 [Peasant]

MVP

  • Cold Wallet Storage for BTC and ERC20 tokens
  • Portfolio Tracker
  • Cryptocurrency News
  • Market Data
  • Silver Backing (MTS)
  • 10% of TGE funds allocated to purchase physical silver from Scottsdale Mint
  • 2
    Q4 2018 [Squire]

  • Continuous Additional Token Support
  • Portfolio Tracker – Exchange API Integration
  • Hot Wallet
  • 3
    Q1 2019 [Knight]

  • Monarch Exchange
  • Fiat Support
  • 4
    Q2 2019 [Duke & Duchess]

  • Merchant Plugin
  • Dividend System
  • 5
    Q4 2019 [King/Queen]

  • Automatic Tax Form Generator
  • Password Management
  • Main Net Proprietary Blockchain Launch
  • Project team

    SNEH BHATT
    SNEH BHATT
    CEO
    linkedin
    ROBERT BEADLES
    ROBERT BEADLES
    PRESIDENT
    linkedin
    WILLIAM LINCE
    WILLIAM LINCE
    CMO
    linkedin
    KYLE ASMAN
    KYLE ASMAN
    REGULATORY COMPLIANCE
    linkedin
    NATE AGUILA
    NATE AGUILA
    VP | CREATIVE DIRECTOR
    linkedin
    JESUS MORENO
    JESUS MORENO
    BLOCKCHAIN DEVELOPMENT LEAD
    linkedin
    MARK CORPUZ
    MARK CORPUZ
    MOBILE APPLICATIONS LEAD
    linkedin
    TROY SILVA
    TROY SILVA
    WEB 3.0 SYSTEMS LEAD
    linkedin
    JASON RANDLE
    JASON RANDLE
    CUSTOMER SUPPORT LEAD | BRAND AMBASSADOR
    linkedin
    AARON BEADLES
    AARON BEADLES
    MEDIA SPECIALIST | GROWTH HACK MANAGER
    linkedin
    TOM PRESLER
    TOM PRESLER
    CAMPAIGN MANAGER
    linkedin

    Advisors

    ROGER VER
    ROGER VER
    CEO of Bitcoin.com
    linkedin
    JOSH PHAIR
    JOSH PHAIR
    Scottsdale Silver
    linkedin
    GEE HWAN CHUANG
    GEE HWAN CHUANG
    Ink Protocol / Listia
    linkedin
    ERIC LY
    ERIC LY
    LinkedIn
    linkedin
    DAVID ZIMBECK
    DAVID ZIMBECK
    BitHalo / BitBay
    linkedin
    DAMON NAM
    DAMON NAM
    Coinvest
    linkedin
    NIMROD MAY
    NIMROD MAY
    Sirin Labs
    linkedin
    DMITRI NAZAROV
    DMITRI NAZAROV
    Genesis Vision
    linkedin
    ENZO VILLANI
    ENZO VILLANI
    Transform Group
    linkedin

    Social media

    Web-site Reddit: Monarch (MT) Telegram: Monarch (MT) LinkedIn: Monarch (MT) Twitter: Monarch (MT) Facebook: Monarch (MT)

    MVP

    App store Google Play

    User rating:

    5/5 ( 1 )

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