What Is Montex?
Montex is the safest and most secure platform for stock and cryptocurrency exchange. It’s the place where users can trade cryptocurrencies with global market price. The project is a virtual currency service targeting Montex market and Montex wallet.
Montex believes that the present infrastructure for protecting consumers and investors cannot match the speed at which blockchain technology is used in the markets of various services and products. Since its invention, the crypto space has had its share of problems, especially damages arising from hacking various crypto exchanges and wallets as well as fraudulent ICO cases.
While some people earned adequate wealth by rapidly focusing on the revolutionary blockchain technology and virtual markets, other people also lost important assets. Montex is distilling its operations to offer the best services. The company has engaged the GARHI Group, which is known for developing cutting-edge technology and product development to run its operations.
In the crypto market, there are many intangible ICO cases. However, the share prices of most tokens are declining even after listing on the virtual currency exchange. In that situation, many investors lose a big chunk of their investments in the virtual currency market.
Montex Project aims to open a virtual currency exchange—Montex, which targets the world’s best contributing investors. The exchange seeks to protect investors in the entire virtual currency market.
Podgorica Broker, which is listed on Montenegro Stock Exchange, manages Montex. The GARHI Group will acquire Podgorica Broker. Montex will operate by integrating rigorous management system of Podgorica Broker and the cutting-edge technology of the GARHI Group.
Managed by a Securities-allied company, Montex will be the world’s first cryptocurrency exchange where people can buy stocks of start-up companies using cryptocurrency. Users can buy mainstream cryptocurrencies such as Bitcoin and Ethereum in the exchange. Besides, it will offer the highest level of security using the technology embedded on the Montex wallet. It will also protect investors and offer cheaper transaction fees, using its own currency MON.
Montex Surveillance System
Only a few exchanges monitor the progress of a coin once they list it on their platform. Left without surveillance, projects of the listed currencies stall, and their demand and price reduce.
Montex seeks to implement a rigorous screening and surveillance system against all virtual currencies and each share-issuing entity listed on Montex. Once listed, the entity must submit financial statements and deposit money. Those responsible for a project must be interviewed. The platform will also release a report of progress of a project every quarter after listing. Montex may also establish a review committee and decide to delist an entity based on the situation.
Investors’ Protection System
In some companies, even after imposing rigorous reviews, the project doesn’t do well as expected. In that situation, the prices of issued tokens decline. Consequently, investors reduce assets.
To curb such cases, Montex has introduced its own insurance system. When investors purchase a cryptocurrency, they can also purchase certain insurance by using the platform’s token, MON. If the investor is covered and a virtual currency becomes delisted, the deposit made by a company is distributed to the investor, resulting in less damage.
Montex MON Token Benefits
Usable In Montex wallet:
MON is ideal as a remittance fee at the worldʼs best security wallet, Montex Wallet. Users can receive and send currency at a lower price and more safely than other wallets.
Usable In Montex Exchange:
MON is applicable as a transaction fee for virtual currencies and stocks. It can also be used for purchasing insurance in the above-mentioned insurance system.
In the Montex Exchange, blue chips of start-up companies will be listed. Users can purchase those stocks directly by MON. Purchased stocks can convert into ETH. Therefore, immediately after purchasing MON, users can exchange it to another virtual currency and legal currency through stocks.
Increasing Value Of MON:
As mentioned above, users can immediately exchange MON to other virtual currencies and legal currencies through the purchase of stocks. As MON is continuously expected of having actual demand as a commission in Wallet and as a commission token in the Exchange in the first place, MON itself is expected to increase its price and listing at another exchange.