RENO, NEVADA – 02-08-2019 (PRDistribution.com) — 2017 & 2018 saw a considerable uptick in the creation and fundraising of cryptocurrency start-ups. According to ICOBench.com, 970 ICOs ended in 2017 while only 413 of those raised funds and in 2018, 2517 ICOs ended with only 1012 of them raising funds. While there were 1505 that raised no funds during that time, one crypto startup called “EOS” became the biggest ICO to date raising $4.1 billion. The amazing thing with this was they had no working product at the close of their ICO. As of January 19th, 2019, they have only just released version 1.6 of their EOSIO software. Coinschedule.com reports other top ICOs in 2018 were Telegram ICO which raised $1.7 billion, Petro, the first official government-backed cryptocurrency started by the Venezuelan government which raised $735 million, TaTaTu raised $575 million and Dragon raised $420 million.
As seen throughout 2018 there was much volatility in the crypto market. With EOS for example, their token started the year valued at $9.45 on January 1st, with the highest day on April 29, 2018, seeing a valuation at $20.24 with a total market cap of 16, 690, 923,273 and a volume of 4,525,3000,000. Despite such a high valuation, it ended the year at just $2.55. Ethos(formerly known as Bitquence) started 2018 at $3.23, jumped up to $10.41 by January 7th but finished the year at $0.12. That top day, the market cap for Ethos was 784,602,659 USD with a 24h volume of 19,735,100 USD. The first version of their universal crypto wallet was released in July 2018. The Ethos wallet currently supports 150+ cryptocurrencies as of January 29th, 2019.
Enter Monarch Blockchain Corporation. They stand out from most other companies in the cryptocurrency and blockchain industry as they aren’t an ICO. They are a mostly self-funded Crypto start-up who already have a working product and happen to be holding a Token Generation Event which lasts until June 30th, 2019. With over 200,000+ downloads already, Its decentralized universal crypto wallet supports over 1,800 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), TrueUSD (TUSD), Stellar (XLM), GoChain (GO), and All ERC20 tokens! Monarch has also gained multiple partnerships and supports many of the tokens with Genesis Vision (GVT), Swarm (SWM), Ink Protocol (XNK), Sapien (SPN), Listia (XNK), Polymath(POLY), BitBay, GoChain (GO), Coinvest (COIN), Bancor, Dispatch, Scottsdale Mint and many more to be announced shortly. Their partnerships should end up giving The Monarch Wallet roughly 10 million potential users once all contracts are executed.
On top of having what is deemed by many to be the best universal decentralized cryptocurrency wallet to date, Monarch continues adding more flexibility, streamlining, making their wallet more seamless, while adding more capabilities for their users. A recent update to their Android and iOS Wallet apps now allow users to buy Bitcoin and Ethereum using their Bank Account or a credit card. Users can also sell their Bitcoin and Ethereum and deposit fiat directly to their bank accounts too! All of this while also ensuring users of the Monarch Wallet own their private keys, contrary to how most wallets and exchanges work. To put it simply, the Monarch Wallet now has the functionality of a decentralized universal crypto wallet while also being similar to Fiat gateway exchange service giants like Coinbase. To download the Monarch wallet, visit their app section on their website here.
Monarch has also released MonarchPay, a unique payment solution that allows both businesses and consumers the ability to accept Bitcoin & Ethereum and get paid in U.S. Dollars. Solutions are also currently being built for easy integration into WordPress, Shopify, and Wix as well. On top of all of the functionality, Monarch Pay only charges a 2% transaction fee for each Crypto-to-USD transaction. Monarch beats many other services with competitive pricing and the transactions process in seconds to help protect users from volatility, fraud, and chargebacks.
Monarch Blockchain Corporation has acquired a Broker-Dealer License in the United States with an application for a BitLicense which has been submitted. Being a Broker-Dealer allows Monarch to receive a commission on funds raised for ICOs/STOs including their own STO. Monarch is also FINRA- and SEC compliant. This bridges the gap between investors and ICOs/STOs in the future regulatory environment and allows Monarch to potentially develop a launch platform for STO’s in the future.
Something they are also developing and hold a provisional patent on is multi-signature wallet leasing. This is a process for sending recurring blockchain payments in a decentralized manner. This would allow users to pay monthly bills like rent, mortgage, car payments, Netflix or Hulu using cryptocurrency. Since Monarch Pay converts funds to fiat, this will allow most if not all monthly bills to be paid in cryptocurrency.
Now to discuss Monarch’s Tokenomics model, the genius behind it, and how people can take advantage of the Token Generation Event before it ends June 30th, 2019. Monarch utilizes a 2 token structure with the Monarch Security Token (MTS) and Monarch Utility Token (MT). Monarch Security Tokens for accredited investors, where and when legal, have a total supply of 500 million tokens, and a total of fifty percent of the revenue generated from transaction fees through Monarch pay will then get paid as dividends to MTS holders via Monarch’s hot wallet. MT is the medium for Monarch Security Token dividend distribution, and Monarch utility tokens will be paid to MTS holders on a weekly basis.
During the Token Generation Event, Ten percent of all Token Generation funds raised will be used to buy physical silver from Scottsdale Mint. Also, Ten percent of all revenue generated from transaction fees of Monarch Pay services will continuously be used to purchase silver until every security token is backed by 1 oz of physical silver to help ensure a price floor and stabilize against potential volatility most cryptocurrencies are known for. Security Tokens are limited to Accredited Investors Only. Monarch Utility Tokens have a total supply of 1 Billion tokens. Those who own utility tokens will get a 50% discount on all transaction fees using Monarch Pay similar to how Binance Coin Works with the Binance Exchange. Monarch Utility Tokens will also airdrop at a ratio of 1-to-1 for Security token holders at the end of their Token Generation Event.
One thing people may not realize about Monarch Blockchain Corporation is they have a substantial organic following. On YouTube, Crypto Beadles has over 70,000 subscribers and almost 13 million views. CryptoSomniac has over 27,000 subscribers and over 1.3 million views. This gives Monarch the ability to drive awareness through these channels but gives them the ability to BETA test with a real audience because they have many who follow and trust them. This kind of feedback allows faster development while getting direct feedback fast, helping to enhance and improve the user experience and add more functionality users request. Ultimately this allows Monarch to develop what the market is wanting, helping prioritize development to ensure faster growth and adoption.
Monarch is doing a lot, and they’ve already accomplished much more than many other cryptocurrency and blockchain companies who’ve raised hundreds of millions, and some even billions. They’ve yet to spend a single ether of investor funds, having been mostly self-funded by Co-founder Robert Beadles and CEO Sneh Bhat. With a small but efficient decentralized team of people who are experienced in producing and bringing products and services to market, it’s clear why Monarch isn’t like most other cryptocurrency companies out there. With products like the Monarch Wallet, and Monarch Pay already working and usable, regulatory licenses, and all the proper support, it’s a wonder how more people don’t know about them or how to take part in their Token Generation Event.
For more about Monarch Blockchain Corporation, how to participate in their TGE, Download their Universal Decentralized Crypto Wallet, Use Monarch Pay to accept Crypto and get paid in USD, or to inquire about their broker-dealer license and potential partnerships, please visit https://monarchtoken.io/.
Monarch updates happen often. In fact, some huge news and tech drops will be released shortly. Stay up-to-date with Monarch by Joining their official Telegram Community Here.
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