From 2024 April 2nd to 2025 January 31st UAB “Monitok” is implementing the project “DEVELOPMENT OF UAB MONITOK PRODUCT BASED ON THE BLOCKCHAIN FRAMEWORK” (Nr. 02-018-K-0268) under the 2022-2030 Republic of Lithuania Ministry of Economy and Innovation’s Economic Transformation and Competitiveness Development Programme Progress measure No 05-001-01-05-05 “Promoting the digitalisation of enterprises” activity “financial incentives for start-ups and spin-offs to develop AI, blockchain technologies, robotics process automation products and solutions”.

The main objective of the project is to develop a hybrid cryptocurrency exchange using blockchain technology, from prototype to product, achieving 9 TPL.

UAB “Monitok” product development will address two existing problems in the cryptocurrency market. The first problem is with CEX exchangers. Monitok’s solution: the project’s processor is built on top of the Arbitrum network in the DEFI space, providing full transparency on the platform. The second problem with DEX exchanges. Monitok’s solution: an innovative platform aims to solve this problem by creating a very comfortable and user-friendly mobile app. This will allow users to use the DEFI space conveniently and without major technical difficulties.

The Monitok project is focused on improving the user experience with cryptocurrencies by ensuring transparency, security and user-friendliness, both when working with CEX and DEX exchanges.

Anticipated user benefits of the innovative product: Security; Information and education; Analysis and control; Tax management; Stop-loss protection; Investment; Convenient management.

It is a unique and innovative product, which has not been available in the cryptocurrency market not only in Lithuania, but also in the global market.

PROJECT BUDGET: 166 766,00 EUR.
EU FUNDING: 102 000,00 EUR.
Managing Authority: Central Project Management Agency.
The project is funded by the Economic Recovery and Resilience Plan “Next Generation Lithuania”.
More information: www.esinvesticijos.lt