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December 4, Vilnius, Lithuania – Monitok, a hybrid cryptocurrency exchange platform, has announced the start of its private MONY token presale. The sale is taking place on the Fjord Foundry launchpad from December 3 to December 10, 2024.

Hybrid exchange model combining DEX and CEX functionality

Monitok’s hybrid exchange integrates elements of both centralized (CEX) and decentralized (DEX) trading. The platform aims to provide users with a balance between the self-custody and transparency of decentralized finance and the accessibility of centralized platforms.

Key features of the platform include:

  • Self-custody options allowing users to retain control of their assets.
  • Price aggregation across more than 100 decentralized exchanges for improved liquidity access.
  • Multi-chain compatibility supporting networks such as Arbitrum, Ethereum, Polygon, and BASE.
  • An interface designed for both new and experienced users to simplify crypto trading.

According to Monitok, the platform is being developed with user-focused functionality in mind, including upcoming AI-assisted tools intended to provide market insights and improve user experience.

“The MONY token serves as a utility asset within the Monitok ecosystem, supporting features such as reduced trading fees, staking options, and access to premium tools,” said Monitok founder Eimantas Barauskas. He added that the company’s broader vision is to “streamline access to decentralized finance while maintaining transparency and usability.”

Recent updates and development milestones

In 2024, Monitok introduced version 1.1.8 of its platform, which added:

  • More than 230 trading pairs available across multiple Layer 2 blockchains.
  • Monitok Earn, a feature that allows users to participate in yield-based vaults.
  • Monitok Academy, an educational hub focused on blockchain concepts, self-custody, and decentralized exchange aggregation.

Community growth and partnerships

Monitok reports expanding its marketing presence through collaborations and outreach efforts, including:

  • Over one million organic impressions and engagement growth in recent weeks.
  • Support from Web3 community figures and appearances on crypto-focused media platforms.
  • Strategic partnerships with industry publications, including Cointelegraph.
  • Increased app adoption, with more than 7,000 downloads and steady user retention rates.

Next steps

The MONY token sale on Fjord Foundry represents an early stage of Monitok’s development roadmap. Future plans include enhanced trading features, expanded token utility, and continuous platform updates aimed at improving decentralized finance accessibility.

Additional information about the token sale and platform updates is available on the company’s website and official communication channels.

About Monitok

Monitok is a hybrid cryptocurrency exchange platform that combines decentralized and centralized features to enhance user experience, security, and accessibility. The company’s goal is to make decentralized finance tools available to a wider audience through a user-centric approach and educational initiatives.

Press Contact: as@monitok.io

Official Links: