Akalankalab: MONARCH EXCHANGE

Monarch Exchange will allow merchants and consumers to exchange cryptocurrencies on an internal platform, with minimal effort. A 0.2% fee will be charged for the recipient of each transaction, but users can use Monarch Utility Tokens for a 50% discount on trading fees, similar to Binance’s BNB tokens. Thus, the fees are reduced to 0.1% when paying with Monarch Utility Tokens (MT).

As regulatory guidelines permit, we plan to integrate fiat support into the Monarch Exchange. Users will be able to easily trade cryptocurrencies and traditional fiat (for both buying and selling).

Payment Management

Monarch payment management will completely revolutionize payments for multiple industries. Notably, our unique subscription/payment plan structure will impact a variety of industries. Not only will the Monarch ecosystem support peer-to-peer transactions but also business-to-consumer payments. Industries that require recurring payments include:

  Payroll
  Rent/Mortgage
  Utilities
  Video services (HBO, Netflix, YouTube Red, CBS all Access)
  Music services (Apple Music, Spotify)
  Newsletter (Forbes, Bloomberg, CNBC)
  Donation (Patreon)

Summary of Features

Recurring Payment – Monarch will be able to handle recurring payments for both fiat and cryptocurrency payments in a patent pending platform. Monarch will utilize off-chain solutions to allow users to schedule payments between two or more parties.

Instant Transactions – Unlike traditional and legacy type payment systems, Monarch is able to process transactions instantaneously.

Cryptocurrency Compatible – At launch, Monarch will be able to support a number of cryptocurrencies including Bitcoin, Ethereum, and other ERC20 tokens, with intentions of accepting all large market tokens as well. This benefits both the buyer and seller as new payment options are available to both parties.

Low Exchange Fees – To offer both buyers and sellers the best exchange rates, Monarch will connect to multiple cryptocurrency exchange providers. Monarch will take advantage of exchange arbitrageopportunities, combined with our analytics engine, to ensure the best possible exchange rates.

Monarch Exchange – As volume and usage of the platform increases, Monarch will use funds to build a fully functioning peer-to-peer exchange. Utilizing their hot wallets, users will be able to trade for other cryptocurrencies and back to fiat from the Monarch platform.

Low Seller Fees – To stay competitive with other payment processors, Monarch will charge merchants 2% on received payments. As volume of the network increases, Monarch will decrease this fee toremain competitive. Interacting on a global scale, processing billions of dollars a day should allow Monarch to decrease this fee with no effect.

Subscription Management – As one of the major pillars of Monarch, users will be able to manage all of their subscriptions and recurring payments from one place. Starting or canceling a service should be simple. With Monarch, it should be as simple as a swipe of the screen.

Hot & Cold Wallets – Each user will have a cold wallet to which they will own the private keys. This will enable them to take advantage of all hard-forks and participation in Ethereum-based tokens, while also maximizing security. Hot wallets will enable users to set recurring payments and pay for subscription based products or services.

Accepts FIAT – Monarch will support FIAT currencies by leveraging and connecting to external exchanges. As liquidity and usage in our network increases, Monarch will develop its own internalexchange.

Easy Registration – Users will be able to take advantage of our easy registration process to sign up for new services. Registration for multiple services is repetitive and time consuming. Monarch will allowusers to quickly register for external new services by only requesting permission to the data pointsrequired by the vendors.

Merchant Plugins – Monarch will develop a plug-in for easy integration to existing websites and platforms. This will allow consumers to pay with Monarch instead of traditional payment options, such as credit cards and PayPal. It will also allow merchants to accept alternative types of currency.

Interface for Finances – A user interface will be built that allows users to keep track of their finances and analyze their spending habits. Users will be able to create budgets, receive alerts, track their investments, and keep track of their bills. All in one place.

Tax Reconcile Forms – Immutable ledgers make it easy to keep track of accounting. Monarch will create exportable reports to automate the process of documenting taxes and performing real time audits.

Use Name or Email to Send Funds – New users find it difficult to send transactions to alphanumeric addresses. The Monarch Hot Wallet will have an optional Username feature so that users can quickly search and identify each other using a username. A simple username allows users to search for each other and add new contacts to their friends list. The Monarch Platform implements a social feature that allows users to add other users for quick remediation or payment to each other.

Silver Backing – 10% of the funds that are raised from the initial Token Generation will be allocated to the direct purchasing of silver assets. Additionally, 10% of every merchant transaction fee on the Monarch Hot Wallet will be apportioned to silver assets to continuously increase the funding for additional silver backing. Silver backing will help combat the volatility of a standard digital asset,ensuring that the digital asset is backed by a tangible and valuable asset. The Monarch Security Token represents a more stable investment compared to most other cryptocurrencies.

Dividend Structure – 50% of all merchant transaction fees from the Monarch Hot Wallet will be distributed proportionally to all Monarch Security Token (MTS) Holders. Once a week, 50% of all merchant transactions fees collected will be used to buy back the Monarch Utility Token (MT) and be distributed amongst Monarch Security Token Holders.

Password Vault – The Monarch Password Vault will store passwords locally and securely.

Portfolio Management – Track your portfolio, whether it be on the Monarch Cold and Hot wallet or 3rd party exchanges via API connection.

Liquidity Pool – Purchase and sale of cryptocurrencies at the best possible prices. Monarch will allocate 50% of the $105,000,000 token sale to an interest bearing account that will be used as liquidity to purchase and sell cryptocurrencies on the users’ behalf.

Token Sale

Total Supply: 500 million Monarch Tokens (250 million MT + 250 million MTS) Target Sale Amount: $105M

The total token supply will be fixed at 500,000,000. 50% of Monarch Security Tokens (MTS) shall be sold, in aggregate, through a private sale, pre-sale round, and public sale via a Token Generation Event. First, a private sale will take place, starting on May 1, 2018 with an allocation of 5% of overall tokens (25,000,000 MT/MTS) and bonus of 25%. The pre-sale round will begin June 15, 2018, with an allocation of 5% of overall tokens (25,000,000 MT/MTS) and a bonus of 15%. The public crowdsale will take place on July 15,2018 with an allocation of 40% of overall tokens (200,000,000 MT/MTS).

The values and percentages are further detailed in the table below:

Stage Total Token Discount Unit / Token Total Bonus

Amount

Private Round 5% 12,500,000 50% $0.125 $1,562,500 100%

Pre-Sale Round A 5% 12,500,000 40% $0.150 $1,875,000 66%

Pre-Sale Round B 5% 12,500,000 30% $0.175 $2,187,500 43%

Pre-Sale Round C 5% 12,500,000 25% $0.188 $2,343,750 33%

Main Sale 80% 200,000,000 0.00% $0.250 $50,000,000 0

Total 100 250,000,000 $57,968,750

Issued Amount

Private Round 0 0 0 $0.00 $0.00

Pre-Sale Round 20% 50,000,000 25% $0.150 $7,000,000