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 toolthat 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.
Attention. There is a risk that unverified members are not actually members of the team
Positives Business: Monarch supports businesses by giving them a platform to accept payments in cryptocurrency and then transfer the earnings into fiat. This option is great as it allows businesses to increase their profit revenue while obtaining more customers internationally. User-Friendly: Monarch Token allows users to get create their own personalized wallet while also being able to participate in an exchange that’s simple for them to understand. This removes the barriers of entry that most first time investors tend to have. Investor Benefits: With Monarch Token, investors can receive weekly dividends, utility token airdrops, and additional tokens that are backed by silver. Negatives Unverified Team: Having an unverified team can lead to suspicions about the team’s credibility. All of the members of Monarch team are unverified, which can potentially turn some investors away from the project. Competition: There is a multitude of other crypto exchange projects that are currently in the market. We’ll have to see Monarch Token create an innovative solution to the crypto exchange problem if they hope to surpass their competitors. Country Restrictions: While this is a good ICO project, chances are it will take some time for it to pass country bans in the US and other western countries. If this is possible, then chances are it will become a sustainable project in the long run.
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