Monolith cryptocurrency refers to the digital currency known as the Monolith Token (TKN). Monolith is a decentralized finance (DeFi) project that aims to provide a non-custodial wallet and Visa debit card for Ethereum-based tokens, including TKN. With this card, users can spend their cryptocurrency at any merchant that accepts Visa.
The Monolith ecosystem is built on smart contracts, allowing users to store, send, receive, and manage their Ethereum-based assets directly from their Monolith wallet. TKN is the native utility token of the Monolith platform, and it offers several benefits within the ecosystem.
TKN holders can benefit from staking rewards, governance participation, and cashback as part of the Monolith Card loyalty program. The more TKN tokens a user holds, the greater the rewards and benefits they can potentially receive.
The Monolith Card, also known as the Monolith Visa Debit Card, is a key feature of the project. It allows users to convert their cryptocurrency into fiat currency (such as EUR or GBP) in real-time at the point of sale, enabling them to spend their digital assets seamlessly across the globe.
By leveraging the Ethereum network and smart contracts, Monolith aims to offer a user-friendly and secure solution for utilizing cryptocurrencies in day-to-day transactions, thus bridging the gap between traditional finance and the blockchain realm.
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