What is The Monarch Project?
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.
Monarch 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.
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.
Monarch's Feature & Benefits
Monarch allows users to see which subscriptions they are enrolled in. They will have access to manage (start, stop, modify) all subscriptions (examples ranging from Netflix, to Spotify, to your cell phone bill) from one platform, the Monarch mobile app. Monarch allows you to easily manage all your subscriptions with “one touch”, from one location.
Monarch Provides:
Identity Management: Use only one password for all services. Monarch will generate a new password for each service yet the user will only need to remember one password to access the Monarch platform. The user will be able to interact with all services that they are subscribed to for example (Amazon, their mortgage company, Netfix, etc.) All passwords used through the Monarch Platform will be retrievable both on-and-off chain if needed by the user.
Recurring Payments: Pay for subscription based services (recurring payments) in multiple currencies including fiat, and cryptocurrency. Set recurring payments peer-to-peer, consumer-to-business, or business-to-business (e.g. setup a recurring payment channel to pay your mother $40 each month for your cell phone bill, car payments, mortgages, Netflix, Spotify, etc)
Secure Wallet: Store funds in cold storage wallets so users will still own their own private keys. They’ll also have a hot wallet to manage their funds and pay for subscriptions. This will hold both fiat and cryptocurrency
Exchange Transactions: Access Monarch’s exchange to purchase, sell, and hold cryptocurrencies at the best possible prices through exchange arbitrage.
Billing Adjustments: There will be simple On/Off Switches for all recurring payments. Users can track all recurring bills on a single screen, like a condensed version of QuickBooks for your cryptocurrency portfolio.
Subscriptions: Automatically enter new subscription contracts with Monarch’s service providers.
Easy User Experience: One-Swipe feature for all on/off switches will instantly cancel a subscription payment (i.e terminating your Netflix subscription) Monarch’s mobile platform will include all of the above services with the simplest user experience possible.
Why need The Monarch Token?
Currently there are no easy-to-use methods to integrate a plug-and-play option for Merchants to accept cryptocurrency, and furthermore, cryptocurrency subscription payments. Current cryptocurrency payments lack robust functionality, an intuitive user experience, and an interface that allows for subscription payments. Monarch will provide suitable payment gateway solutions for merchants, which will be optimized to integrate cryptocurrency transactions.
Consumers and merchants both struggle with the core problem of cryptocurrency being a “push technology” (meaning every transaction must be made manually) and service usability of cryptocurrencies. The “Monarch Platform Plug-in” will allow merchants to have a seamless functioning payment solution to accept a variety of the most common cryptocurrencies available. The Monarch platform will be an all-encompassing solution to accept fiat and cryptocurrencies, with a specialized focus in customer management, subscription tier, and inventory management.
Consumers will have the luxury of their preferences being saved, multiple payment options, and a seamless checkout experience. In turn, merchants will have the customer logistics in place to manage their business.
The Monarch Team
The Monarch team is made up of long-term believers in blockchain and cryptocurrency. They understand the improvements it can bring to our society, from removing middlemen, distributing power, and immutable records and security. Monarch’s team is looking to build a platform that promotes mass adoption to push blockchain and cryptocurrency into the mainstream.
Token Sale Detail
For more information:
Website: https://monarchtoken.io/
Whitepaper: https://monarchtoken.io/wp-content/uploads/2018/06/monarch_whitepaper-1.pdf
Telegram: https://t.me/MonarchToken
Twitter: https://twitter.com/monarchtoken
Facebook: https://www.facebook.com/MonarchToken/
Author: tinhkhuat
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373