Overview

February witnessed an exceptionally strong bull market in cryptocurrencies, with significant gains. From well-known cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) to various altcoins and smaller ventures, it appeared as though the entire crypto sector had shifted into a full-blown bull phase.

With Monitok seeing positive market sentiments, we are quickly advancing towards the official launch of Monitok’s self-custodial exchange. In February, we made significant achievements across various fronts, working to enhance our platform’s functionality, forging strategic partnerships, and making our community spaces more engaging and informative.

Here’s everything that went down in February at Monitok

• New features introduced  Multichain trading & Wallet Tracking
• More information provided to the community: The Website and Monitok AMA
• Launched a referral program with a 1,000,000 reward pool announced the MONY token.
• Community engagement campaigns Zealy & Galxe, Discord.

Development of wallet tracking and trading features across different networks

Our app is becoming more functional and smoother in preparation for its launch. In February, our developers focused on wallet tracking functionality and the architecture and design of multichain trading.

Through our research with customers, we observed the importance of trading knowledge and authority. Many retail traders seek advice on how to manage their portfolios. That’s why we are developing wallet tracking and copytrading functionalities. The transparency of DeFi allows for perfect implementation. Our users will be able to find the best-performing traders, copy their trades, and learn from their actions by accumulating gains. In February, we enriched this functionality from a mere transaction list to an aggregated view by traders, meaning users can now see the profit and loss of a wallet over different periods.

One of our key pillars has always been to eliminate the need for technical knowledge to trade on the blockchain. At launch, the app will support networks such as Arbitrum, Polygon, and Ethereum. Trading between different networks presents a challenging task. However, we believe we have created the most seamless trading experience across these networks. Throughout March, we are refining the app’s architecture to ensure this feature is available and fully functional before the launch.

Preparations for New Web Pages & First AMA

We believe that transparency is pivotal to the success of every project. Therefore, we are committed to providing detailed information about our project through various formats, such as social media and our website.

In February, we updated our homepage with questions asked by the community, prepared the MONY token page, and developed referral pages. We plan to add over 300 pages to the monitok.io portal. This effort is crucial for communicating our platform’s features, addressing forthcoming questions, and generating awareness and traction through organic channels.

In February, we hosted our first Twitter Space Ask Me Anything (AMA) session, where we discussed the vision and mission behind Monitok, the use cases for the MONY token, our referral campaign, and the road ahead. The session attracted 9.4K listeners, a turnout beyond our expectations!

You can listen to the session, “Decoding Monitok,” to learn more about our project and its prospects. With 9.4K people tuning in, we were thrilled with the level of engagement.

Looking forward, we plan to host monthly AMAs to keep our community informed and maintain a strong connection with the Monitok team!