MTS by Monarch

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The Raise Total

$15,750,000

Price Per Token

$0.063

Raise Start

-

Minimum Investment

$2,000
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

Terms

Fundraise Information

Total Raise $15,750,000 USD
Soft Cap -
Raise Status Open since 2018-08-15
Minimum Investment $2,000 USD
Accepted Investors -
Security Type Dividend
Exemptions -
Instrument -

Token Information

Price Per (MTS) $0.063
Token Issuance Platform Polymath
Token Protocol ST-20 (ethereum)
Token Issuance Info all team members have committed to a 2 year vesting schedule. The team will receive ¼ of their token allocation 6 months after the TGE. Every month thereafter, they will receive 1/24 of their allocation until all the tokens are distributed. This is to ensure long-term motivation and time investment from the entire team.
Payment Options ETH, BTC, All ERC-20 Tokens

Token Rights

Once a week, 50% of all transaction fees collected from Consumer to Merchant Transactions from the Monarch Hot Wallet will be used to buy back Monarch Utility Tokens (MT), which will be distributed amongst all holders of Monarch Security Tokens (MTS). The Monarch Dividend Structure will promote usage and growth inside the ecosystem. Transacting Monarch Utility Tokens (MT) inside the Hot Wallet infrastructure will give users a 50% discount on transaction fees (when used with merchants) and completely free (when transacted peer-to-peer). Example: If 1000 BTC was transacted in the Monarch Hot Wallet ecosystem in the last week at a fee of 2%, then there will be 20 BTC in total transaction fees. 50% of the total transactions of 20 BTC will be distributed among MTS Holders. The 10 Bitcoin collected from the transactions fees will be used to buy Monarch Utility Tokens in the Monarch Exchange and then distributed among MTS Holders. Additionally, 10% of the 20 BTC collected as transaction fees will be used to buy silver as an asset backing behind the Monarch Security Token. This leaves 40% of the transactions fees to promote development for Monarch.

About

Overview

Monarch will launch into action from day one, building strategic partnerships with merchants and service providers to increase the adoption of the Monarch platform. One of Monarch’s founders, Sneh Bhatt, is also the founder of Cryptosomniac, an ICO marketing agency that has worked with over 70 ICOs over the past two years. Monarch’s marketing approach has five major points: Using social media to engage the community One of the largest bounty rewards programs for maximum community engagement ICO Listing and Review websites for maximum exposure PR and YouTube Influencer Outreach

Highlights

MTS tokens will be backed by silver assets (10% of Token Sale funds will be allocated to backing the security with physical silver assets). By holding MTS tokens, users will receive weekly dividends in the form of MT tokens. Moreover, 10% of all transaction fee revenues will be allocated to increasing the amount of silver backing until each token is backed by 1 oz. of silver - giving MTS tokens a price floor and added stability.

Team

Sneh Bhatt

CEO

Not Verified

Robert Beadles

President, Co-Founder

Not Verified

Kyle Asman

Regulatory Compliance

Not Verified

Nate Aguila

VP | Creative Director

Not Verified

Jesus Moreno

Blockchain Development Lead

Not Verified

Advisors

Josh Phair

Scottsdale Silver

Damon Nam

Coinvest

Gee Hwan Chuang

Ink Protocol / Listia

Use of Funds

Development

15%

Marketing

7.5%

Operations

7.5%

R & D

7.5%

Silver Backing

10%

Legal

2.5%

Documents