Monarch is the ultimate crypto payment solution for both business and consumers, pairing a CMS plugin for online stores with an easy-to-use Patent Pending wallet for consumers.
Total fiat-crypto exchange with a wallet and merchant plugin that offers recurring payments for monthly bills, on a proprietary blockchain with tokens continuously backed by silver.
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.
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.
Monarch Token Vision
We believe that the intricacies of cryptocurrency are the barrier to entry for widespread adoption. The security, privacy and speed of transactions of cryptocurrencies surmounts its traditional fiat counterpart. However, the complexities of blockchain technology and non-intuitive user interfaces keep novices from accepting cryptocurrencies as a form of payment. We believe current cryptocurrency payment platform options for both consumers and merchants are
lacking critical features and functionality when compared to traditional fiat payment platforms.
At Monarch, our plan is to bridge the gap between the cryptocurrency space and traditional marketplace payment platforms. Monarch Wallet is an all-inclusive app that includes a cold wallet for proper storage of cryptocurrencies and a hot wallet for instant transactions and unique payment operability, such as subscription payment and installment plans. We want to bring blockchain adoption up-to-speed with an all-in-one user experience for all your payment and portfolio management needs.