Blog Post

Monolith – The Start of the Decentralized Finance (DeFi) Revolution

David Hamilton • September 15, 2020

Monolith is a complete DeFi ecosystem that seeks to correct some of the most pressing issues facing the current banking system. This unique platform provides users with a host of functionalities not found anywhere else in the market. Consequently, Monolith continues to experience growing adoption.

 

Monolith allows users to swap, spend, earn interest via an easy to navigate interface.  Notably, users can enjoy these services anywhere globally. You just need an internet connection and a smartphone. In this way, Monolith connects users to the DeFi ecosystem without requiring token ownership.


What Problems Does Monolith Solve?

The current structure of the global banking system centralizes all the profits amongst a top few. Even the fee structure of the system places unnecessary burdens on the user such as overdraft fees. Monolith strips the market of these penalties and focuses on providing users with real value. This strategy shifts the paradigm over to a more user-centric approach rather than an aggressive penalty-based system.


How Does Monolith Work?

The Monolith ecosystem covers a broad range of DeFi activities. The platform leverages blockchain technology to provide cryptocurrency investors access to some truly remarkable functionality. Here are just some of the reasons why this platform deserves success.


Full Feature Wallet with Debit Card

Users of the Monolith ecosystem enjoy access to a robust wallet that includes an informative interface. Here you can monitor all of your crypto activities. This wallet links directly to a crypto debit card. This card allows you to spend your favorite cryptocurrencies just like fiat money. The card combines the functions of VISA with the freedom of Ethereum.

 

Notably, Monolith is the first Visa debit card connected to a non-custodial wallet. Additionally, the platform allows you to spend a huge variety of cryptocurrencies such as ETH, DAI, SAI, MKR, TKN, and more. When you want to use your Monolith Crypto VISA, you just need to Top up your account. Once your account is loaded, the network automatically processes the charge.

 

This all happens the second you swipe the card. The merchant receives fiat currency. The entire process is seamless and allows you to spend your crypto at any of VISA’s 24 million retailers worldwide.


DEX Aggregator

Monolith users also enjoy access to a DEX aggregator. ParaSwap allows you to swap your coins using any of your favorite decentralized exchanges. Currently, the system integrates UniSwap, Kyber, 0x, Mesh, Bancor, and EtherDelta. Developers seek to expand these options as more DEXs enter the market.

 

The entire exchange process takes seconds and your trades arrive directly into your wallet. Best of all, there are never any exchange rate markups. Monolith allows you to utilize this feature for free.


Interest Payments

Another impressive feature of the Monolith network is the ability to earn interest on your holdings. Interest earning accounts are a feature usually regulated to the traditional financial sector. As such, Monolith continues to blur the lines between DeFi and CeFi to provide users with more functionality.


Monolith Benefits

Monolith's all-inclusive approach to the market gives the platform unlimited potential. As more DeFi platforms enter the sector, it’s vital to understand what makes Monolith stand out against the competition. Here are some of the top features that make Monolith a pioneer in the sector.


Security

Monolith's developers put security first. The entire platform features an open-source code. This code is triple-audited to ensure the platform retains the highest level of security across all protocols. Open-source protocols are ideal because they allow the entire community to verify the coding is sound.

 

Additionally, Monolith introduces advanced personal protection. For example, you can set daily spending limits to protect your account from unauthorized withdrawals and thefts. You can also secure your holdings using Biometric authentication to keep your assets safe.

 

Critically, you own your private keys when you use Monolith. These keys reside on a secure storage protocol on your smart device. This strategy ensures that you are the only one with access to your digital assets.


WalletConnect

Another huge advantage of the Monolith system is interoperability. In the coming update, users will gain the ability to access the Monolith ecosystem directly from an ERC-20 compliant wallet. This update enables users to mobilize assets they store in their Monolith wallets in any DeFi services directly. THis strategy enables advanced features such as borrowing against your crypto. In this way, Monolith provides a valuable service to the entire DeFi sector.


How to Use Monolith

Using Monolith is easy. The first step is to fill out the platform's registration process. This process takes less than ten minutes. Once you confirm your account via an email, you will receive a card in the mail in the next couple of days.

 

Initially you can bring funds onto the platform using their ‘Add Money’ feature which allows you to buy DAI directly in their platform to appear in your wallet to be swapped or spent.  Once funds are in your wallet you have the ability to swap (and potentially earn interest by swapping into  aDAI). From there you’ll be able to top up your card directly in the app, and spend anywhere that accepts VISA. Interestingly, if you do swap into  aDAI to earn interest you should be able to top up your card directly using this token (with Monolith benign the only non-CeFi source to allow this to happen)


Monolith Community

Monolith incorporates some unique community benefits that are sure to interest investors. For example, 1% of every Monolith Card top-up goes back to the community. These funds combine with other contributions in a smart contract known as the community chest. TKN token holders can redeem their share of the community chest at any time. Here is the formula to calculate your earnings:

 

Pro-Rata Percentage = Amount of TKN Owned / Total Supply of TKN 


TKN Tokens

The TKN token is the utility token that services the Monolith ecosystem. This ERC-20 token allows users to interact with each other,  launch smart contracts, pay fees, and receive benefits within the network. Also, users can use their TKN token to load their debit cards without any fees.


Monolith plans to issue 39,406,760 TKN in total. There are currently 32,694,387 TKN in circulation. The majority of TKN token trading volume occurs on the Uniswap, Bancor, and 1inch exchanges. 


How to Get TKN  Tokens

Getting your hands on TKN tokens is as easy as funding your Monolith account. You gain access to this powerful financial tool the moment you enter Monolith’s system. You can trade any of your favorite tokens for this coin directly from your wallet.


Monolith - Coming Soon

Monolith has some exciting updates planned for the coming months. Developers plan to introduce meta transactions. These transactions allow Dapp developers to pay their gas fees with any token supported in the Monolith network.


Lending

Another interesting update to come soon via the WalletConnect upgrade is the decentralized lending feature. This protocol allows users to borrow against their assets. Notably, decentralized lending continues to be one of the fastest-growing sectors in the blockchain market. Monolith partnered with the popular blockchain lending platform MakerDAO to make this feature available.


Monolith - What More Could You Want?

Monolith raises the bar in terms of inclusivity and functionality. It’s easy to see all the research and development that went into this monumental project. From the debit card to the ability to earn interest on your crypto, this platform puts the investor first. You can expect to hear a lot more from this development team in the coming weeks.

Source: Crypto Adventure

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. None of the content on Crypto Folds is investment advice nor is it a replacement for advice from a certified financial planner. Please do your own research before purchasing or investing into any cryptocurrency.  

MNEE on 1SAT Launches WhatsOnChain Plugin for Simplified Blockchain Transactions

By Press Release • April 2, 2025
MNEE on 1SAT is excited to announce the launch of its WhatsOnChain MNEE plugin, designed to make viewing MNEE blockchain transactions more accessible and easier to navigate.  WhatsOnChain is a leading blockchain explorer providing a clear, accessible view of blockchain transactions. With MNEE now live on 1Sat Ordinals, the plugin is an essential tool for users who need a simple way to view and confirm MNEE transactions. Raw blockchain data can be complex and difficult to interpret, especially for those who are not tech-savvy—making this new plugin a valuable resource. The WhatsOnChain plugin translates technical blockchain data into an easy-to-read format, making it simple for businesses and users to view MNEE transactions on 1Sat Ordinals. Users can track payment histories, monitor wallet balances, audit blockchain activity for transparency and compliance, and resolve customer support issues quickly. With just a transaction hash, users can now instantly verify MNEE transactions and access detailed insights. “Partnering with WhatsOnChain allows us to provide a seamless way for anyone to explore and verify MNEE transactions on the blockchain,” said Harbind Likhari, Executive Director at MNEE. “This partnership is pivotal in making stablecoin infrastructure more transparent, accessible, and user-friendly. We’re thrilled to offer enhanced visibility for MNEE on 1Sat Ordinals.” The WhatsOnChain team added, “WhatsOnChain is committed to bringing transparency and accessibility to MNEE 1Sat Ordinals. This integration enables users to view MNEE (1Sat Ordinals) transactions in a simple, easy-to-understand format. We’re proud to support the infrastructure that powers the next generation of digital assets.” The WhatsOnChain plugin is at the heart of MNEE’s mission to provide open, secure financial infrastructure. It ensures that blockchain activity is transparent, verifiable, and easy to understand, helping to drive the adoption of MNEE’s cutting-edge financial technology. To use the new MNEE plugin, users can simply paste their transaction hash into WhatsOnChain , click on the MNEE icon, and instantly view transaction details in a clear, user-friendly format. Media Contact press@mnee.io About MNEE MNEE is a pioneering fintech company focused on revolutionizing global payments. As the issuer of the MNEE stablecoin, MNEE combines the power of the 1Sat Ordinals protocol and Ethereum blockchains to deliver an instant, low-cost, and scalable digital payment solution. Each MNEE token is fully collateralized by US Treasury bills and USD cash, ensuring regulatory compliance and security. MNEE’s commitment to building the future of money focuses on delivering secure, efficient, and affordable payment solutions across a wide range of industries and platforms.

XRPTurbo Crosses 250,000 XRP Presale Raise, Gears Up for Platform Demo & Staking Launch

By Press Release • March 28, 2025
Momentum is building fast in the XRP ecosystem as XRPTurbo —a rising DeFi and AI-powered launchpad built on the XRP Ledger—breaks through the 250,000 XRP milestone in its presale.  With under four days remaining , investor interest is reaching new heights as anticipation grows around XRPTurbo’s game-changing platform demo. Earlier this week, the XRPTurbo team previewed a redesigned landing page, giving the community a sneak peek of what’s to come. A full demo of the platform is expected to drop any day now. This highly awaited reveal, expected later this week, showcases XRPTurbo’s robust suite of tools and innovations poised to revolutionize decentralized finance on the XRP Ledger. Join Xrpturbo Presale XRP Whales Are Taking Notice In a strong show of confidence, a major XRP whale recently contributed 20,000 XRP in a single transaction—further validating XRPTurbo as a credible project with serious momentum. As support from prominent figures within the XRP ecosystem pours in, XRPTurbo is becoming the launchpad of choice for Ripple's growing Web3 community. Built for the XRP Ecosystem—A Launchpad Without Barriers XRPTurbo is setting itself apart from other platforms by offering a simple yet powerful launchpad tailored specifically for developers and creators on XRPL. Unlike other existing solutions, XRPTurbo eliminates technical hurdles, allowing users to create tokens, mint NFTs, and launch decentralized apps with just a few clicks. A highlight of the platform is the GUI Token Minter —a no-code solution that enables effortless token creation. Historically, minting on XRPL required command-line expertise, but XRPTurbo’s tool opens the doors to everyday users and creators, unlocking true mass adoption. Liquid Staking With Flexibility and High APY Another headline feature is the soon-to-be-launched Liquid Staking Portal , which will allow users to stake their $XRT tokens while maintaining complete custody of their assets. Offering yields of up to 25% APY , this staking system blends DeFi flexibility with competitive returns—without locking up tokens. Buy XRT Tokens Why $XRT Matters: Real Utility and Early Access Owning $XRT offers far more than token speculation—it unlocks core advantages that position holders for long-term value, including: Early Access to Launches : $XRT holders gain first access to new AI and RWA projects launching through XRPTurbo. Staking Rewards : Benefit from high-yield passive income with no lockup required. Revenue Sharing : Earn a share of platform revenues, rewarding loyal supporters. With only 100 million tokens ever in circulation, the supply scarcity paired with deep utility positions $XRT for strong growth potential. Just Days Remain—Presale Ends Soon The clock is ticking. With over 250,000 XRP raised out of the 300,000 XRP Hardcap and exchange listings confirmed at a 25% premium over the final presale price, early supporters stand to gain significantly once trading goes live. XRPTurbo is already in active talks with top exchanges, ensuring high liquidity and wide market access from day one. Combined with a dedicated team, a growing community, and a roadmap full of firsts, XRPTurbo is shaping up to be a cornerstone of XRP’s DeFi revival. Join the XRPTurbo Presale Now: xrpturbo.com/presale Stay Connected with XRPTurbo: Telegram : t.me/xrpturbocom Twitter (X) : x.com/xrpturbocom Website : xrpturbo.com Whitepaper : docs.xrpturbo.com

Revolutionize Your Crypto Trading Experience with Agrifi's Decentralized Exchange (DEX)

By Press Release • March 26, 2025
Decentralized Exchanges (DEX) have become a game-changer for crypto enthusiasts in the fast-paced financial world we’re in today. These platforms provide enhanced security, transparency, and full control over digital assets. Agrifi is at the forefront of this innovation, introducing an advanced DEX where users can seamlessly trade AGF tokens with popular cryptocurrencies like USDT, ETH, and MATIC, as well as participate in liquidity provision to earn valuable LP tokens.  Seamless Crypto Trading Agrifi’s Decentralized Exchange allows users to effortlessly swap AGF tokens for major cryptocurrencies like USDT, ETH, and MATIC. Unlike traditional exchanges, our DEX offers a secure, transparent, and censorship-resistant trading environment. Transactions occur directly between users, eliminating the need for intermediaries and significantly reducing transaction costs. Even newcomers can navigate our intuitive and user-friendly interface with ease. With just a few clicks, you can trade tokens securely, optimizing the flexibility and efficiency of your crypto portfolio. Since this decentralized method ensures your funds remain under your control at all times, it greatly minimizes the risk of centralized hacks or losses. Earn Rewards Through Liquidity Provision Beyond simple trading, Agrifi gives users a unique opportunity to earn passive income by providing liquidity to the exchange. When users deposit token pairs (such as AGF-USDT, AGF-ETH, or AGF-MATIC) into our liquidity pools, they receive Liquidity Provider (LP) tokens in return. These tokens serve as proof of participation and entitle holders to a share of transaction fees generated within the pool. Providing liquidity not only offers a steady stream of rewards but also strengthens the exchange’s stability and functionality. This helps traders experience minimal slippage and smooth transactions, making liquidity provision a mutually beneficial endeavor that supports both individual users and the broader Agrifi ecosystem. Why Choose Agrifi's DEX? Agrifi isn’t just another decentralized exchange—it’s a complete financial ecosystem built on sustainability and long-term value creation. Our DEX operates on robust blockchain technology, ensuring top-tier security and transparency. Thanks to decentralized governance, our platform continuously evolves to meet community needs, fostering fair, user-driven decision-making. Blockchain integration guarantees that every transaction is immutable, transparent, and secure. You can trade with confidence, knowing that your investments are safeguarded, verifiable, and entirely under your control. Join Our Growing Community Stay connected and informed by following Agrifi on our official platforms: Telegram : https://t.me/agrifi Twitter : https://twitter.com/agrifi_tech Facebook : https://facebook.com/agrifitech Instagram : https://instagram.com/agrifi.tech Community Telegram : https://t.me/agrifi_official Start Your Decentralized Trading Journey Today! With Agrifi’s DEX, experience the future of decentralized finance today. Trade securely, earn rewards through liquidity provision, and join a thriving community committed to innovation, transparency, and sustainability. Don’t miss out on this opportunity to grow your crypto portfolio with Agrifi’s cutting-edge DEX platform. Explore now and be part of the decentralized revolution!

Codego Launches CDG: New Plug-and-Play Devices for Effortless Daily Passive Income

By Press Release • March 26, 2025
The CDG project has officially launched, introducing an innovative solution that enables everyone to earn passive income directly from their homes. With just a compact device, a power outlet, and an internet connection, CDG simplifies earning predictable, reliable, and hassle-free daily income.  Earn Daily Rewards Effortlessly CDG offers two user-friendly models: CDG Home and CDG Power Home , which provide GPU computing power to a decentralized computing network. In return, device owners receive daily rewards in the form of CDG credits. CDG credits operate similarly to loyalty points and can be conveniently exchanged for fiat currency through the easy-to-use CodegoPay app , available on both iOS and Android. Each credit maintains a guaranteed minimum value, ensuring consistent and predictable earnings. Why CDG is Different The concept of sharing computing resources isn't new, but CDG's implementation is uniquely accessible and efficient. CDG devices are incredibly energy-efficient: the CDG Home model consumes just 10 watts , and the powerful CDG Power Home uses only 30 watts . Designed for home use, these devices are compact, quiet, and discreet, seamlessly blending into any living space. Device owners begin generating income immediately upon activation. The CDG Home device generates a minimum of $5 per day , while the CDG Power Home offers at least $20 per day . Setup is straightforward, requiring no technical expertise. Simply plug the device in, connect through the CodegoPay app, and instantly start earning. Quick Start Guide Getting started with CDG is easy: Download the CodegoPay app (Android or iOS ), and open your account to receive your personal IBAN instantly. Order your preferred CDG device via the app or through an authorized reseller. Activate your device using CDG credits with a few simple taps. Your daily earnings will be tracked in real time within the app. Pricing and Activation CDG offers two versatile device models: CDG Home : Priced at $2,500 , requiring 10,000 CDG credits for activation. It consumes only 10 watts and delivers daily rewards of 50 CDG credits , valued at a minimum of $5 per day . CDG Power Home : Available for $10,000 , requiring 40,000 CDG credits for activation. It consumes just 30 watts , providing daily earnings of 200 CDG credits , equivalent to at least $20 per day . Earn Even More with Referrals CDG users can further increase their income through a rewarding referral program: Earn €150 cash for every friend who purchases a CDG Home , plus your friend receives a €50 discount . Receive €600 cash for every friend who purchases a CDG Power Home , with your friend enjoying a €200 discount . Referral bonuses are paid directly to your bank account via the CodegoPay app. Contributing to a Growing Global Network By owning a CDG device, users actively contribute to a decentralized GPU network, essential for industries like gaming, artificial intelligence, and mobile services. As the global demand for GPU computing power continues to grow, the potential value of CDG credits increases, providing additional long-term value. About CDG and Codego The CDG project was developed by Codego , a fintech leader providing secure, comprehensive digital banking solutions. Codego offers core banking, prepaid and debit card issuance, and European IBAN accounts, supporting more than 12 fiat currencies and over 500 cryptocurrencies . Thanks to Codego’s advanced financial infrastructure, users enjoy a seamless experience in managing their CDG devices through the CodegoPay app, which includes integrated IBAN accounts, secure real-time earnings tracking, and compliance with the PSD2 regulatory standards. Learn more about Codego and the CDG project: Codego (Website) | CDG (Website) | X (Twitter) | Instagram | LinkedIn | TikTok Discover how CDG transforms passive income generation—simple, efficient, and rewarding from day one.
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