Article Summary, Automatically Generated By AI
Summary of Monolith
- Decentralized banking alternative powered by Ethereum
- Non-custodial contract wallet for storing Ethereum-based tokens
- Exchange tokens to fiat and load onto Monolith Visa debit card
- Contract Wallet: non-custodial, open-source, decentralized, and secure
- Monolith Visa debit card: accepted globally, available for EEA residents (31 countries)
- Monolith token (TKN): community participation in Monolith card success
- TKN backed by growing basket of ERC-20 tokens
- 1% contribution to TKN Community Chest for non-TKN token spending
- TKN holders can cash
About Monolith
At the forefront of innovation, Monolith is a pioneering force in the realm of cryptocurrency and blockchain technology.
Monolith presents a decentralized banking alternative, harnessing the power of Ethereum. This innovative platform offers a non-custodial contract wallet, ensuring the secure storage of Ethereum-based tokens. Users can seamlessly exchange these tokens for fiat currency and load them onto their Monolith Visa debit card. The Contract Wallet is a decentralized, open-source, and non-custodial solution, boasting advanced security features designed to safeguard users’ funds in the event of a potential attack. The Monolith Visa debit card is globally accepted and currently available to residents of 31 European countries within the European Economic Area (EEA).
The Monolith token, TKN, empowers community members to share in the prosperity of the Monolith card. Backed by a diverse and expanding portfolio of ERC-20 tokens, which are utilized for everyday purchases, TKN offers a unique value proposition. Whenever a Monolith card user makes a transaction using any token other than TKN, a 1% contribution is automatically allocated to the TKN Community Chest. TKN holders can subsequently redeem their share of the chest by cashing and burning their tokens at their discretion.