MonarchToken – The Complete Crypto Solution

The Problem & Solution

Currently, in crypto world the process of buying and selling crypto assets and change them into fiat currency is not an easy task. For this trading and investing in cryptocurrencies it will require a certain technical knowledge. Rising risks about the management of private keys which can easily be stolen or lost and misplaced.

For this MONARCH TOKEN is come up with the solution as by providing all the crypto asset services under one single platform where users can do a simple task by giving an information to their platform. After providing details, users can purchase crypto assets and change it into fiat currency through their MONARCH Platform.

ABOUT MONARCH TOKEN

MONARCH TOKEN is a blockchain based platform which is providing exchange of fiat to crypto with a wallet and merchant plugin that offers recurring payments for bills with tokens. This platform allows users to add their bank account information into Monarch and allowing them to purchase of crypto assets from the Monarch platform. From this platform, users can buy or sell crypto assets then transfer the fiat back into their bank account. It is providing many benefits to users such as Identity Management, Recurring Payments, Secure Wallet, Exchange Transactions and Easy User Experience.

Privacy and security for the users will also be maintained here with the help of password generation tool where users will store their private keys and passwords in an electronic storage.

THE VISION

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.

FEATURES

Identity Management: Monarch will provide a single platform a single new password for every service provided on the platform thus preventing the problem of loosing or forgetting a password.
Recurring payments: Users can use multiple currencies such as fiat or cryptocurrencies to pay for their subscription services. Recurring payments can be set once by the user and the platform will carry out the recurring payments in the defined time.
Secure Wallet: Users will have cod wallet to store their private keys and passwords and a hot wallet to carry out their transactions.
Exchange Transactions: Users can purchase, sell, and hold cryptocurrencies at the best possible prices.
Billing Adjustments: Users will be provided with on/off feature for their recurring payments which will also help them to track their recurring bills.
Easy User Experience: The user experience will be enhanced in this platform as the users can cancel the subscription on just one click.

Why You 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 Benefits of Monarch Token

MONARCH allows users to see which subscriptions they are enrolled in and they will have access to manage all subscriptions from one platform, the MONARCH Mobile App.

Identity Management – In this user can use only one password for all services. MONARCH will generate new password for each service, but the users only need one password to access their platform.

Recurring Payments – Users can pay for services on subscription based in multiple currencies like fiat and cryptocurrency. They also allow to set their recurring payments as peer-to-peer, consumer-to-business or business-to-business.

Secure Wallet – Users have their own secure store funds wallet owned by their private keys. They manage their funds and pay for subscriptions. They also hold both the currencies fiat as well as cryptocurrency.

Exchange Transactions – Users can access MONARCH’s exchange to purchase, sell and hold cryptocurrencies.

Billing Adjustments – Users can track all their recurring bills on a single screen.

Easy User Experience – This is providing One-Swipe feature for all on/off switches which gives simpler user experience.

THE MONARCH TOKEN

Monarch has two tokens, one is security token, Monarch Security Token (MST) and the second is Monarch Utility token (MT) which serves as utility token. MST will be useful for the users to collect the dividends in the ecosystem. MT will be used to carry out the transactions in the ecosystem.