Monarch: In this article, we cover a detailed review of Monarch. How does Monarch Crypto work & Are important features?
Monarch revolutionizes the NFT space by pioneering the first gamified version of ERC404 protocol, where holders can actively evolve their digital assets through competitions on-chain. This groundbreaking use-case marks an impressive shift away from trait rarity giving value towards on-chain activity;
Marking an unprecedented paradigm shift for NFT valuation. 8,888 distinct Dragons will be mined and burned during the course of evolution process; participants should prepare themselves for an enjoyable journey into future of digital ownership and engagement – unleash the power of your NFTs like never before!
Monarch Point Table
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Monarch Price Live Data
The live Monarch price today is $2,068.75 USD with a 24-hour trading volume of $37,012,047 USD. They update to USD price in real-time. This is up 36.98% in the last 24 hours. The current ranking is #2311, with a live market cap of not available. The circulating supply is not available and a max. supply of 8,888 MNRCH coins.
How Does Work
- After the “HATCHING”, each user will be given a Base Dragon (D1), these Dragons are an identical type, however have different color traits
- Excluding D1, there are 4 different dragon types (D2-D5)
- Goal of the game is to level up to the rarest Dragon type.
- Compete in the “DUNGEON” for a chance to level up & win the Jackpot.
- There is no pre-determined Dragon rarity. Rarity is created through game activity.
Monarch introduces the first gamified version of ERC404 protocol, providing holders a competitive environment through on-chain competitions to advance their non-fungible tokens (NFTs).
Monarch’s platform allows NFT holders to engage in on-chain evolution competitions that enable their digital assets to advance – marking an exciting departure from traditional trait rarity analysis as the basis for value determination.
In this novel use case, determining the value of NFTs does not depend solely on trait rarity but can also be determined through chain activity which places emphasis on engagement and participation as key aspects.
Unique Dragon Creation
As part of this evolutionary process, Monarch will mint and burn 8,888 unique Dragons as part of this revolutionary endeavor in order to signify their journey within the NFT ecosystem.
Participants are advised to prepare themselves for an immersive experience, whereby their NFTs will gain value through active participation with and engagement with the platform.
Monarch introduction of a gamified version of ERC404 protocol marks an important landmark in the development of NFTs. The challenges the conventional assumption that trait rarity alone determines value. By providing holders with dynamically evolving their digital assets through on-chain competitions, Monarch disrupts this traditional understanding.
Instead, the places its focus on on-chain activity, emphasizing engagement and participation within its platform. Through minting and burning 8,888 unique Dragons, the company paves the way for an extraordinary NFT ecosystem experience where true value of NFTs will be determined through active participant involvement – Monarch stands at the forefront of digital ownership! So get ready to embrace its future now.
What is Monarch?
This is a pioneering platform that introduces the first gamified iteration of the standard ERC404 protocol. It enables NFT holders to evolve their digital assets through on-chain competitions.
How does Monarch work?
They operates on the principle of on-chain competition, where NFT holders participate in various challenges and activities to evolve their assets. Unlike traditional NFT platforms, the value of NFTs on Monarch is determined by on-chain activity rather than trait rarity.
What sets Monarch apart from other NFT platforms?
The distinguishes itself by offering a gamified experience for NFT holders. Instead of relying solely on trait rarity to determine value, Monarch emphasizes the importance of on-chain engagement and activity.
How many unique NFTs will be minted on Monarch?
The plans to mint and subsequently burn 8,888 unique Dragons as part of the evolution process. These Dragons symbolize the transformative journey within the NFT ecosystem facilitated by Monarch.
How can I participate in Monarch’s on-chain competitions?
To participate in Monarch’s on-chain competitions, users need to hold NFTs compatible with the platform’s ERC404 protocol. Once registered on the platform, users can engage in various challenges to evolve their assets.
Is there a timeline for Monarch’s launch?
The launch date and timeline for the evolution process will be announced by the platform’s team. Interested participants are encouraged to stay updated through Monarch’s official channels for the latest information.