Monolith (TKN)

Monolith (TKN) is a decentralized finance (DeFi) account that offers users the ability to buy, spend, or hold crypto. Users can conveniently store and spend their tokens anywhere with the Monolith Visa debit card and Ethereum wallet. The platform allows users to go bankless and use their Visa or Mastercard to purchase DAI or ETH at competitive rates directly within the Monolith app. The Monolith Visa debit card also lets users spend their tokens in fiat currency wherever Visa accepts. Monolith provides a seamless experience for cryptocurrency users with low fees and a user-friendly interface.

TKN holders can claim a proportional share of the contributions made from card top-ups as part of the Monolith community chest. This allows users to benefit from the overall growth and success of the platform. Monolith is committed to transparency and user empowerment, giving users full control over their funds. As a European-based platform, Monolith operates within the legal framework established by the authorities in the Republic of Lithuania. Users’ funds are safeguarded by Contis Financial Services Ltd or UAB “Finansines paslaugos ‘Contis’,” ensuring security and peace of mind.

Please note that the Financial Services Compensation Scheme or the Deposit Insurance System of the Republic of Lithuania does not cover crypto activities, including fiat-to-crypto exchanges, transactions, swaps, and funds held on non-custodian wallets. However, Monolith users can access dispute resolution services through the Financial Ombudsman Service and the Bank of Lithuania consumers disputes resolutions institution. Monolith is dedicated to providing a reliable and compliant platform for users to navigate the world of decentralized finance.