MONCX TOKEN WHITEPAPER (v1.0)

Issued by Monesave — Creators of the Orukka Payment Ring Ecosystem
Web: www.orukka.com | www.orukkabusiness.com

1. Executive Summary

Orukka, developed by Monesave, is the world’s first multi-wearable ecosystem enabling tap-to-pay without phones, wallets, or POS terminals. The Orukka Payment Ring product line is live, available today at www.orukka.com and used by retail and business customers across over 100 countries.

Monesave has secured strategic partnerships with Binance and Strike, unlocking global crypto on/off-ramps, lightning settlement, and distribution channels. To scale manufacturing, merchant acquisition, user adoption, and P2P ring development, Monesave introduces MONCX, a governance and utility token that powers community ownership of the Orukka ecosystem.

MONCX does not function as a payment token or stablecoin. Instead, it governs incentives, rewards, and treasury decisions for ecosystem expansion.

2. The Vision — A Wearable-First Global Payments Network

The world is fatigued with screens. More than 65% of people struggle with screen-time addiction and desire alternatives to phone-based payments .

Orukka solves this by enabling:

Tap-to-pay without phone or wallet
Tap-to-receive for businesses without POS terminals (page 3)
Multi-wearable flexibility — rings, bracelets, fitness rings (page 4)

The vision extends to P2P Crypto Rings that allow users to send value directly over Bluetooth without intermediaries (pages 20–21) .

MONCX is the governance layer that will empower the community to shape this emerging global network.

3. Traction & Market Timing

Monesave App is Live on iOS Stores and Google Play store
6500+ app downloads
Orruka Smart Payment Rings for Individuals and Businesses live in over 200 countries
Collaboration and Partnership Live with over 650 Banks
Colloboration and Partnership Live with Strike, Binance and Coinbase
Orukka P2P ring currently in dev to complete the Ecosystem of SmartRings
Completed MVP with < USD 250,000—vs an industry average > GBP 5M

The market is exploding:

USD 70B wearable tech market (2024)
USD 153B by 2029 (page 5)
Smart rings market projected to grow to USD 1.3 Trillion by 2032

Orukka is positioned at the intersection of:

Payments
Wearables
DeFi / digital assets
Fitness & AI

This is the ideal inflection point to deploy a DAO-governed token.

4. The Orukka Ecosystem Today

4.1 Payment Rings (Live)

Mastercard-licensed hardware
Global top-up via banks, cards, or crypto exchanges
Works for commuters, festivals, gym users, travellers, and everyday consumers

4.2 Merchant Rings (Live Pilot / Rollout)

Enable small businesses to accept payments with no POS hardware

4.3 P2P Rings (In Development)

BLE transport
App relay
On-chain settlement
Instant value transfer with optimised transfer path of ring wearers

4.4 Regulatory Infrastructure

EU VASP license
Connections to 250+ financial institutions
Mastercard licensing for each ring
KYC/AML compliance infrastructure

5. Why MONCX?

The Orukka ecosystem has multiple stakeholders:

Users → want rewards, perks, influence
Merchants → want lower costs, faster payments
Investors → want aligned growth incentives
Partners (Binance/Strike) → want scalable user networks
Developers → want open APIs and grants

MONCX unifies all stakeholders under a DAO-governed governance and rewards token.

MONCX Is Designed To:

Fund ecosystem expansion
Reward usage, referrals, staking, and merchant activity
Govern treasury decisions
Incentivise developers and partners
Empower early adopters to benefit from network effects

MONCX is not used for payments. The existing in-app fiat-backed token continues as the settlement asset.

6. MONCX Token Utility

6.1 Governance

MONCX holders vote on:

Treasury spending
Ecosystem incentives
Developer grants
Merchant reward programmes
P2P ring rollout priorities

6.2 Staking

Boost Orukka cashback rewards
Access to premium features (reserved inventory, exclusive ring releases)
Priority in new wearable drops

6.3 Ecosystem Rewards

Users receive MONCX for:

Referrals
Transaction volume
Merchant activity
Social engagement
Participating in savings & fitness challenges

6.4 Developer Incentives

A portion of the treasury rewards:

API integrations
Merchant plug-ins
Security audits
AI/fitness innovation

6.5 Community Grants

Grants fund:

Country ambassadors
Content creators
Community meet-ups
Merchant onboarding drives

7. Tokenomics (100 Billion MONCX)

Total Supply: 100,000,000,000 MONCX

Allocation % Tokens Purpose

DAO Treasury 40% 40B Ecosystem incentives, grants, liquidity
Private Sale (Current Raise) 10% 10B Strategic capital raise following Binance & Strike partnerships
Team & Advisors 15% 15B 4-year vesting; 1-year cliff
Community Rewards 15% 15B Staking, referrals, user/merchant rewards
Public Launch 20% 20B Liquidity, market expansion

Vesting Model

Team & Advisors: 12-month cliff + 36-month linear vest
DAO Treasury: 10-year unlock schedule
Private Sale: 12–24 month vesting depending on tranche
Community Rewards: Released over 8 years

8. Fundraising Rationale

The raise is critical to accelerate global rollout following partnerships with Binance and Strike, especially for:

8.1 Manufacturing & Inventory

Stock orders from China require 2-month lead times, requiring upfront capital.

8.2 Merchant Network Expansion

Orukka Business rings have strong demand from:

Beauticians
Photographers
Mobile operators
SMEs
Middle Eastern banks

8.3 P2P Crypto Ring Development

This is the breakthrough technology that unlocks:

Crypto settlement
Decentralised payments
Without intermediaries

8.4 Global Licensing & Compliance

Expansion to additional regulatory regions.

9. Market Positioning

Per the market landscape. Orukka sits uniquely at the intersection of:

High convenience
Low cost
Wearable-first design
Payments + fitness dual utility

No direct competitor offers:

Multi-wearable flexibility
Merchant on-ring payments
P2P crypto payments via Bluetooth

10. Team

CEO – Patrick Enin

20+ years banking/fintech experience
BNY Mellon, Credit Suisse, Citi, UBS, Mizuho, Julius Baer, Leonteq Securities
BSc Finance (UCD Ireland)
MSc Software Engineering (Oxford University)

COO – Sanjay Sikdar

25+ years banking & fintech
Bank of New York, Credit Suisse, Citi, UBS, Barclays
MEng Engineering, Imperial College
MBA Imperial College; Fintech Specialisation)

Advisors

Mike de Vegvar – UBS, Calypso Tech, Leonteq, Halo Investing, HSBC; MIT EE; MBA Wharton
Prof. Kingsley Omeihe – University of West Scotland; President of Academy of African Studies; MBA Aberdeen; PhD Scotland

Engineering Team

A distributed team of developers based in Nigeria, UK, Pakistan, India—supporting mobile, backend, BLE firmware, and fintech integrations. This team has already delivered a globally operational product for under USD 250,000—a remarkable execution efficiency.

11. Roadmap

2024

Team formation & platform build

2025

App launched (Nov 2024)
Orukka Customer Rings launched (July 2025)
Orukka Business Rings rollout (Oct 2025)
Begin MONCX fundraising (Oct–Nov 2025)

2026

Launch Orukka P2P Crypto Rings (Jan 2026)
Loyalty & store partnerships (June 2026)
Diamond/custom rings (Sept 2026)
Additional licences & geo expansion (Dec 2026)

12. MONCX DAO Governance Structure

12.1 DAO Treasury

Controlled by community vote, funding:

Wearable innovation
Merchant onboarding
Grants for developers
Liquidity support
Global ambassador programmes

12.2 Voting Power

1000 token = proportional voting power
Delegation allowed

12.3 Proposals

Examples:

Adjust reward rates
Approve country expansion budgets
Finance new product lines (e.g., LCD fitness rings)
Incentivise Binance/Strike channel campaigns

13. Risks & Mitigation

Key Risks

Scaling manufacturing
Regulatory complexity
Big tech competition
Supply chain dependencies
Compliance costs

Mitigation

Mastercard licensing
EU VASP licence
Deep banking/fintech leadership
Diversified wearable line
Multi-country footprint

14. Conclusion

MONCX is not just a token—it's the governance and incentive engine powering the world's first wearable-native, phone-free, screen-free payment network.

With strong traction, a world-class team, powerful partners (Binance & Strike), global regulatory foundations, and real hardware in the hands of users today, MONCX is positioned to be one of the most utility-rich governance tokens in Web3.

This raise enables:

Scaling manufacturing
Global distribution
Merchant adoption
P2P crypto payments innovation

The future of payments is wearable. MONCX gives the world a stake in that future.

NEXT STEPS

Join the revolution!