Starting from March 20th, Monarch’s compensation plan will undergo a significant change that aims to create more demand for the United (UTED) token.
Under the new plan, all earned commission will be split into two parts. The first part, 80% of the commission, can be withdrawn as usual in TRX.
The remaining 20% will be sent to a public wallet address, which will then be used to purchase UTED from a public exchange.
After the purchase is made from the exchange, then the coins will travel to Your Monarch account and will unlock in 20 parts during the 20 month period.
All transactions can be tracked on the Stellar chain, which is publicly visible to everyone.
WHY?
The reason for this change is to create a balance between supply and demand for the UTED token. Monarch memberships provide users with tokens every month, which creates supply, but demand from United card users was not arriving on time, leading to a weaker than expected price for the token.
To address this issue and stimulate growth, Monarch is releasing a new game next week that will generate demand for UTED. (More news by Monday)
In addition, the compensation plan change will further accelerate growth and liquidity rise, attracting more card customers and benefiting all token holders. If you have any questions about the changes, please reach out to your sponsor and attend daily Zoom calls to stay informed. Remember to take screenshots of the current volumes and prices because rapid changes are expected after the update.
