Monitok is a mobile self-custodial exchange, also known as a hybrid crypto exchange (HEX), which merges the best of both centralized and decentralized exchanges. It is designed to maintain the flexibility and security of DEXs combined with the user experience of CEXs. By aggregating prices from over 100+ DEXs and enabling self-custody, Monitok empowers users to maintain full control over their assets while accessing the best trading rates.
As the demand for secure, efficient, and user-friendly trading solutions grows, Monitok is perfectly positioned to meet these needs. Since the token generation event and exchange listings are expected in the upcoming months, let’s explore the depths of the Monitok ecosystem.
The Industry is Ready for a New Player
The worldwide transaction revenue of the crypto industry in 2023 was $46,3B, while Monitok’s target country transaction revenue was $5.16B. Currently, Monitok’s serviceable obtainable market consists of a whopping $4.13B in revenue. From this conclusion, Monitok can expect $6.48M yearly revenue when it reaches 50.000 users.
Why do these numbers seem easily obtainable? Because the industry needs a new player that can address all the drawbacks of current wallets and exchanges.In 2024, regulations addressing anonymity are impacting wallets, while centralized platforms are losing popularity to decentralized exchanges (DEXs). However, DeFi still remains too complicated for most users
So, why not combine the best features of both worlds to create the one-stop-shop for all things crypto? Monitok provides a self-custodial wallet that is easy to use for beginner traders, while having a decentralized backend. With this combination, the app becomes an enjoyable trading platform for all kinds of traders that is not risking the privacy of the users.
Monitok’s Hybrid Approach to Crypto Trading
Monitok’s mission is to build crypto exchanges that people will trust and love to use.
Traders are generally concerned with centralized exchanges’ lack of ownership, transparency and trust while also being afraid of the complicated structure, steep learning curve and chaos of decentralized exchanges.
To solve these problems, Monitok is redefining crypto trading with self-custody in a seamless all-in-one platform that offers direct access to over 100 DEXs and full fiat functionality to create a licensed solution to elevate transparency and user empowerment standards.
Monitok’s Key Features and Advantages
Let’s look at the key features and competitive advantages of Monitok:
Trading Features
Monitok aggregates prices from over 100+ DEXs, offering users the best possible trading rates and deep liquidity without the hassle of manual price comparison. With multi-network support, the users can seamlessly trade across Arbitrum, Ethereum, Base, and Polygon, making it a versatile platform for any trader. This broad DEX aggregation ensures that users always get the most competitive prices, whether they’re trading mainstream tokens or niche assets.
Centralized Features
While maintaining the security benefits of DEXs, Monitok integrates features commonly found in CEXs, such as fiat on/off-ramps. This means users can easily transition between fiat and crypto, making it accessible for newcomers and seasoned traders alike. By combining the ease of use of centralized platforms with the control and security of decentralized ones, Monitok provides a unique trading experience that’s both intuitive and powerful.
Security
Monitok prioritizes user security with its self-custody model, ensuring that the users remain in complete control of their assets at all times. This approach aligns with the core principles of decentralization, giving users the confidence and peace of mind to trade without compromising on security.
Education Features
Monitok goes beyond trading by offering comprehensive educational resources designed to empower its users. From beginner guides to advanced trading tracking systems, the platform provides tutorials and statistics to help users make informed decisions. By educating its community, Monitok not only improves user experience but also fosters a more knowledgeable and engaged user base, capable of leveraging all the platform’s features effectively.
What Makes Monitok Different
Monitok stands out by seamlessly blending the best of centralized and decentralized exchanges. Its hybrid model offers the user experience and convenience of centralized platforms, such as easy fiat integration and user-friendly interfaces, with the security and control of DEXs through self-custody. Additionally, features like flexible gas fee payments and extensive DEX aggregation put Monitok in a unique position to cater to both new and experienced crypto users, making it a comprehensive solution for modern trading needs.
The Role of $MONY Token and Its Utility
$MONY is the native token of the Monitok ecosystem, designed to enhance user experience and participation. It serves multiple purposes, including reducing trading fees, staking for rewards, and gaining access to premium features within the platform. As Monitok expands, $MONY will play a crucial role in fostering community engagement and providing added value to users across the ecosystem.
Key Milestones and Plans for The Future
Here are the key milestones Monitok has achieved since its foundation, and the near future development plans:
Major milestones achieved
- Obtained EU and USA licenses for the crypto exchange.
- Secured €300,000 investment from a friends and family (FnF) round.
- Released the pre-alpha version of the app with core functionality: wallet, DEX aggregation engine, and iOS mobile application.
- Conducted pre-alpha testing with a closed group of 200+ users.
- Launched a waitlist referral campaign with rewards.
- Released the alpha version of the app, introducing staking, KYC integration, and fiat on-ramp.
- Collected over 32,000 waitlist members awaiting the Monitok app’s open beta release.
- Formed partnerships with DEXes and other industry players, including Arbitrum, Polygon, Lido, Odos, Ondato, Customer.io, Noewe, Balancer, Curve, Kima, and Tide.
- Secured €102,000 grant from EU funds.
- Featured in over 40 crypto media portals.
- Raised $450,000 in pre-seed investment.
- Released the Android app version.
- Strategic advisors joined the project: Tomer Warshaumer, Investment Director at Chain GPT and CMO of KIMA; Tal Cohen, CEO at Krakenl; Lean Stern, Head of Marketing at Polygon; Laurent Bourquin, CEO at MEV Capital & Amphor.
- Launched the beta version of the app, including multichain trading and listing more tokens.
- Monitok is a top 10 trending project on the Arbitrum network.
The next key milestones
- $MONY token launch & airdrops.
- Expand the app utility with AI tools, stablecoin staking, and advanced trading features.
- Launch subscription-based model, big data tools, and corporate APIs for automated trading.
With these key milestones, Monitor plans to position itself as one of the most prominent exchanges in the crypto industry.
Visionaries Behind Monitok
All of these developments come together with the visionaries’ ideas behind Monitok. Here is the founding team of Monitok:
Eimantas Barauskas (Founder & CEO)
With a background managing elite clientele in traditional finances, Eimantas has been an advocate for crypto since 2016. Leveraging his finance expertise and passion for crypto, he gathered a team to build a better exchange. Learn more about him here.
Charles Gerardin (Co-Founder)
Previously at Invest in Côte d’Azur, Charles was leading the department of Creative Industries at the French Riviera’s Foreign Direct Investment agency. Now, he leverages his experience for Monitok’s future. Learn more about him here.
Rytis Reventas (Chief Technology Officer)
Excels in Java, Spring Boot, and AWS. He led e-commerce backend for T-Mobile at Nortal and national e-service projects at NetCode among many others. Now, he is the technical brain behind Monitok. Learn more about him here.
Andrius Stočkūnas (Chief Marketing Officer)
Andrius has over 12+ years of experience specializing in leading B2C projects in FinTech and web3. His skill set centers on digital channels and strategies for exponential and cost-effective growth. He is the marketing guru behind Monitok’s digital existence. Learn more about him here.
Stay Tuned for the $MONY Token Launch
The $MONY token launch is just around the corner, and it’s an exciting time to be a part of the Monitok journey! As we gear up to release $MONY into the ecosystem, we’re offering a unique opportunity to be at the forefront of a hybrid exchange revolution. With multiple utilities like staking rewards, fee reductions, and governance rights, $MONY is set to become a central element of the Monitok platform.
Join $MONY airdrop
Don’t miss your chance to join this transformative event and shape the future of DeFi. Stay tuned for more updates.
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