In these present days, cryptocurrency becomes so popular in our country. Every day we use tokens for trading some things for fulfilling our need and demands. For storing and transferring our tokens, we need a secure and flexible wallet for each and every transaction. What is happening in our wallet? Do you have any idea about this? Maybe or may not. However, I am going to tell you that. For more Information, you can visit their following links: https://monarchtoken.io/
Here, I am going to tell you about the Monarch wallet. It comes with lots of features and many functions for providing constant and significant services to the users.
Ω First of all auto payment and subscription management is major services that are provided by the Monarch project or wallet services. As a subscriber, we face a different type of problems and difficulties when we start our transaction as well as we have no ideas about how we can solve those problems on our own. There are lots of binary code and algorithm which cannot easily understandable. Not only that if we need any scheduled activity that needs to perform through our wallet we can’t do it through our network-based wallet. So our existing wallet needs every time manual transaction for sending that money to the company.
So, the question is “how Monarch can do it?” Yes, there is a solution Monarch developed for us. They develop a private key that can be transferable by the users. That means it is a system where we can transfer the money schedule based. By the help of Monarch Application and management service, the entire problem can be solved from a single platform. They target to give the users both Android and iOS version of the Apps for flexible using of their wallet.
Monarch hot wallet allows users to transfer their money and token when we need to transfer it. This wallet also allows wallet holders to make repeated and subscription-based cryptocurrency payment. This system manages several signature wallets to securely send money from one wallet to another wallet for ensuring any kind of fraud and hacking of money. The users of the subscribed wallet and Monarch both party will have the half of the private key for highly securing the tokens and wallets. Before making any transaction users may lease this private key to Monarch under three different stipulation of the transaction through this platform. The three different stipulations are the parameter of the transaction. The three parameters are 1. Recipient, 2. Amount of transaction and 3. A number of the frequency of the transaction.
I want to explain these procedures by an example. Like I want to pay my web hosting fee for every month in a BITCOIN, then I would lease their half of private key to Monarch to generate the specific transaction on the behalf of web hosted by checking all three parameters. And the smart contact system will generate a receipt for both parties and ensure users about the payments. Not only that every type of future transaction could be terminated or paused based on the demand of the users.
Ω The password is a very important segment for security management. Without any password, you cannot prevent the unwanted threat from third-party users. The wallet is a vault of Tokens that means a treasure of assets, without a lock you cannot protect form thrift. As like password is a lock that protects your wallet from unauthorized access. Monarch develops 27 unique login systems which ensure our wallet security. That means when an adult login his wallet they have to provide another new password after 27th logging in their wallet. In the 28th login, you have to ensure the new passcode for login. After a couple of logins, the software will promote you to change your old password and provide a unique password that you never used in your system. For more Information, you can visit their following links: https://monarchtoken.io/
So what should Monarch do for protecting your wallet? Now I am giving you some information regarding this. When you download the apps and started to create a wallet account, then it will give you a 12-word seed and told you to write and save it for future and further use. Do you why it is important because it will help you to recover the forgotten password. That means this seed is needed to recover your password or ensuring your account authenticity for further security.
Not only that they develop a hexadecimal algorithm that ensures your most advanced security for your wallet. You can also use this hexadecimal code for generating your own password. You can use Alphabet, Symbol, and Numbers for creating your own code or password for further use of your account or wallet and you generate quick access pin code with for fast login in your account.
There is another verification system that will help you to protect furthermore your wallet. I think you already know about the 2-factor verification system. It very important to ensure unauthorized access to your wallet. But Monarch develops a “Password Vault” that saves and stores you’re all sensitive and authentic information and documents for your flexible use of wallet and transaction. You can also see your old transaction history through this app.
Ω ID management is another security system that has been introduced by the Monarch. I think as a token holder or investor, you know now a day’s most of the project is showing their interest in your identification. It is simply called KYC (Know Your Customers). Many types of information are needed to fill the KYC form. Your full identification like Full name, Parents name, Address, Contract numbers, country code, postal code and Date of Birth are the most common information they need when the token transaction happens in your account. So you need to give them all your information. For more Information, you can visit their following links: https://monarchtoken.io/
Now, what Monarch does with the ID management system? Yes, now I am going to tell you that, how they work with ID management system. KYC is very significant and authentic and very sensitive for every user. We need it every time and we have to be more careful about the misuse of those DATA that represent my identity. They developed a system that needs your National Security Details for opening a wallet. It will take a proper picture of your national security card and should fill all the mandatory information in their wallet.
You know that some of the projects need KYC information and some are not. This wallet let the access in your information until you give them the permission. That means to save your time and work and make it simple for those token who need you identity verification but it will not give the other or third party any access in your information till they get any confirmation from your account. Monarch will give you a notification when the third party is trying to accesses in your KYC form.
In my conclusion, I would like to say that, I have seen several wallets but this is the most innovative and time-consuming wallet in the recent crypto market. I can also assure you that this is the most advanced and secure wallet for long time token holding and storing in your single wallet or address. Never Lose your seed’s, if you then you have to suffer a lot. For more information, you can read their whitepaper as the link is: https://monarchtoken.io/whitepaper
If you need to know more about their Project you may visit the following links,
Company Website: https://monarchtoken.io/
Whitepaper Link: https://monarchtoken.io/whitepaper
Storybook Link: https://monarchtoken.io/storybook.pdf
Pitch Deck Link: https://monarchtoken.io/pitchdeck
Bountyhive: https://bountyhive.io/browse/MonarchToken
Or, if you need to know peoples opinion regarding their project then you can visit the following social media networks below,
Ω IcoHolder Rating: https://icoholder.com/en/monarch-token-22388
Ω Telegram Group: https://t.me/MonarchToken
Ω Facebook Group: https://www.facebook.com/MonarchToken/
Ω Twitter Pages: https://twitter.com/monarchtoken
Ω Ann Pages: https://bitcointalk.org/index.php?topic=4448905.0
Ω Reddit pages: https://www.reddit.com/r/MonarchToken/
Ω Linkedin Feed: https://www.linkedin.com/company/monarchtoken/
Ω YouTube Channel: https://www.youtube.com/channel/UCp5B_keZuKtIXclKcsz96Mg
Ω BitcoinTalk User Name: rayhan.zakir75
Ω BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1296254
Ω Bountyhive Username: jacqueele