MONC Token DAO Whitepaper

Spend your Crypto anywhere with the World’s first Contactless Payment Ring

V2.1

March 2025

1. Introduction

Overview of MONC Token (MONC)

In a fast-paced world, it is pointless walking around with wallets, cash or cards. When you can securely, pay contactless with the Monesave Smart Payment Ring.

Wallets and Cards attract Thieves! And phone batteries die, but Rings are forever…Each Ring in the Monesave collection is not just piece of jewellery or another revolutionary fintech. Its a combination of both, infused with your personality.

Monesave Tokens (MONC) is the final piece of that puzzle that allows users top up and spend crypto globally by simply tapping their Rings at shops, restaurants, festivals, everywhere.

MONC Token is utility token of the Monesave Payment Ring. It is the only Crypto allowed on the Monesave App for Payments. Monesave Token (MONC) is a next-generation utility token designed to bridge the gap between digital assets and real-world spending.

Built on blockchain technology and governed by a Decentralized Autonomous Organization (DAO), MONC is redefining financial accessibility, savings, and decentralized decision-making.

The Vision

Orukka by Monesave has one goal – With our Smart Rings, we aim to replacement of plastic bank cards, plastic loyalty reward cards, bunch of keys and carrying around phones daily.

The Orukka Smart Ring by Monesave revolutionizes payments by combining wearable tech with cryptocurrency utility. As the world shifts toward decentralized finance (DeFi) and contactless payments, Orukka provides a seamless, secure, and stylish payment solution.

To further enhance community engagement and innovation, we introduce the MONC Token—a governance and utility token that empowers users to shape the future of Orukka through a Decentralized Autonomous Organization (DAO).

The Mission

• Enable frictionless crypto-to-fiat payments via the Orukka Smart Ring.

• Foster a community-driven approach to product & feature development.

• Drastically reduce Cards, Wallets and Phones from everyday life of users.

2. Background Information

What is MONC Token?

MONC is the only Crypto token allowed on the Monesave Payment Ring. The MONC Tokens allows users top up their Monesave Smart Payment Rings to spend anywhere!

Payments have been involving. From Gold, to Cash to Crypto etc. Over the past half-decade, mobile-based digital wallets have emerged all around the world. These applications allow people to make person-to-person and person-to- merchant payments using their mobile phones. But Phones are not reliable with very short battery life.

Imagine a Smart Ring with no need for charging that allows users to tap & go effortlessly with no need for Phones or Wallets again.

About Monesave – the Company

Monesave is a fintech company with a vision of replacing Plastic cards and Phones with our Payment Rings. The company is 100% funded by founders to date with investment from Private Equity, VCs or Banks.

Therefore our community is our Investors are our only stakeholder.

From a regulatory standpoint, Monesave (Focus on Monesave S.R.O) is Licensed and Regulated as a Virtual Asset Service Provider in the EU (Czech republic). Compliance with regulatory and statutory provisions ensures that your assets are subject to robust safeguarding arrangements all times. We are the only company to hold all of the following distinctions:

In addition to strict AML and Regulation in the EU, being regulated allows Monesave offer the following activities for our clients:

• exchange between virtual assets and fiat currencies;

• exchange between one or more forms of virtual assets;

• transfer of virtual assets, that is to say, to conduct a transaction on behalf of another person that moves a virtual asset from one virtual asset address or account to another;

• custodian wallet provider; and

• participation in, and provision of, financial services related to an issuer's offer or sale of a virtual asset or both.

About Orukka Smart Ring

Key Features:

• Contactless Payments: Tap-to-pay globally wherever Mastercard is accepted.

• Crypto Top-Ups: Fund the ring using Bitcoin, Ethereum, stablecoins, and MONC.

• Wearable Security: Biometric authentication & NFC encryption.

• Smart Notifications: Alerts for transactions, low balance, and security.

Why a Token?

• Governance: MONC holders vote on new features, partnerships, and upgrades.

• Utility: Discounts on ring purchases, cashback rewards, and staking benefits.

• Interoperability: Future integration with DeFi protocols.

The Ecosystem

• Orukka Smart Ring: A Mastercard ring for global tap-to-pay usage.

• Monesave App: iOS and Android app interface for fiat/crypto top-ups, ring management, analytics, and loyalty rewards.

• Crypto Integration: Top-up in BTC, ETH, USDT, and supported stablecoins via Uniswap.

• Merchant Network: Directly pay at 100M+ locations globally.

• MONC DAO: Governance layer to guide development, utility, and integrations.

3. MONC Token Value Increases

Monesave Token will increase in value as more users buy the Monesave Payment Rings. In addition, the value of MONC tokens is designed to increase over time through strategic mechanisms, including:

• Increased Adoption: Payment with Rings are more convenient that Phones or Cards. Smart Rings are already taking off globally. As more users adopt Payment Rings for everyday transactions, demand naturally rises, pushing up MONC Token value.

• Limited Supply: With a fixed total supply, scarcity plays a role in enhancing the token’s long-term value.

• Real-Time Spending Power: Since users can immediately spend MONC, any price increase instantly translates to increased purchasing power.

• Merchant Demand: Businesses accepting MONC benefit from reduced transaction fees and exclusive rewards, encouraging further adoption.

Token Burning Mechanism

To further support price stability and long-term value appreciation, Monesave will implement a token burning strategy where:

• A percentage of MONC used in transactions may be periodically burned to reduce supply.

• The DAO can vote to burn excess treasury holdings when necessary to drive price appreciation.

• Limited-time burn events can be introduced to create scarcity and incentivize holding.

4. MONC DAO: Decentralized Governance

How It Works:

• Proposal Submission: MONC holders submit ideas (new features, partnerships).

• Voting: 100 MONC = 1 vote.

• Implementation: Approved proposals are executed by the Monesave team.

Governance Use Cases:

• New payment integrations (e.g., CBDCs, altcoins).

• Ring design updates & hardware features.

• Treasury allocation (grants, marketing spend).

5. DAO Governance: Community-Led Financial Ecosystem

Monesave is governed as a Decentralized Autonomous Organization (DAO), ensuring that key decisions are made transparently by token holders. This includes:

• Protocol upgrades

• Fee structures

• Treasury management and funding for ecosystem expansion

• Partnerships with merchants and service providers

By participating in governance, MONC holders shape the future of digital spending and financial decentralization.

6. Technology and Blockchain Architecture

• Token Name: MONC (Monesave Community Token)

• Blockchain: Ethereum (ERC-20) / Future multi-chain expansion)

• Total Supply: 100,000,000,000 MONC

• Type: Governance & Utility Token

Overview of Blockchain Infrastructure

The MONC token is a market traded token built on the ERC-20 blockchain.

The Contract Address is 0xD62F4DEA3D6E9904A85Fc45aaB66e221039e5a68

We leverage a decentralized ledger ensures that every transaction is immutable and verifiable, preventing fraud or manipulation.

Compliance with Blockchain Standards

MONC is fully compliant with ERC-20 and industry-standard blockchain protocols to ensure interoperability with major decentralized finance (DeFi) platforms, exchanges, and wallets. This compliance ensures broad accessibility and usage of MONC across multiple ecosystems.

7. Tokenomics

Supply and Issuance

Monc Token Issuance is limited to 100 Billion tokens.

How MONC Achieves Price Stability

Because each MONC token is fully backed by a corresponding amount of USD, the price of MONC is intrinsically linked to the USD.

Users can immediately spend any funds with their payment Ring. This expressly shows that MONC tokens are backed 1:1 against USD while also maintaining stability, unlike other cryptocurrencies.

Incentive Structures and Yield Models

MONC plans to implement yield generation models, where token holders can stake their MONC to earn additional tokens or rewards. An increase in MONC Token Value is beneficial for the Community and also for Payment Ring holders.

8. Security and Compliance

Orukka Rings are fully compliant with Mastercard’s contactless payment certification & security.
Further Crypto compliance includes:

• KYT (Know-Your-Transaction)

• Non-custodial wallet options

• Token contract to be audited by relevant partners like Certik and OpenZeppelin

Governance Model

MONC is governed through a decentralized framework that allows token holders to participate in decision-making processes. Holders may vote on key issues such as changes to tokenomics, governance rules, or new features to be implemented.

Legal Framework and Jurisdiction

MONC is structured to comply with relevant financial, tax, and cryptocurrency laws in major jurisdictions around the world. We work with legal experts to ensure full regulatory compliance, reducing the risk of legal complications for users.

KYC/AML Compliance

Monesave (MONC) follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols to comply with global standards. Users must undergo identity verification before participating in certain activities, such as redemption of tokens.

Regulated and Safe

MONC is issued by Monesave s.r.o, a financial institution incorporated in the Czech Republic registered and licensed to provide Virtual Asset and Currency Services with License Number 21795533.

9. Roadmap

Completed Milestones

• App Launch on IOS and Android Stores EU, Africa, Asia, Australia, South America and North America: COMPLETED

• Partner Integration: integrate with traditional financial systems and banking institutions to app top ups COMPLETED

• Mastercard / Visa Integration: integrate App & Rings with Mastercard for Payments. COMPLETED

• Crypto Partner Integration: integrate with traditional financial systems and banking institutions to enable seamless conversion of your crypto. COMPLETED

• Smart Ring Launch: Initial Launch of Smart Ring across strategic cities in Europe, USA and Asia and Canada COMPLETED

Future Roadmap

2025 – Phase 1: Launch & Adoption

• Apr: MONC Token Launch (ICO/Private Sale).

• May: DAO Governance Live.

2025 – Phase 2: Expansion

• Integrate MONC staking for ring discounts.

• Partner with DeFi platforms for yield opportunities.

• Product line up Expansion

2026 – Phase 3: Global Domination

• Further expansion to cities across Asia & Latin America.

• Multi-chain support (BNB, Solana)

• Token Listing on CEX (Coinbase, Binance)

• AI-powered financial insights via Monesave app.

10. Team

Founders and Leadership

The MONC team consists of seasoned professionals from the gold, fintech, and blockchain industries. Our founders bring a wealth of experience in asset management, blockchain development, and entrepreneurship.

• CEO: Patrick Enin (Fintech & Blockchain Expert, with 18 years investment Banking experience).

• COO: Sanjay Sikdar (Fintech & Financial Engineer, 20 years Banking experience).

• Advisors: Payments, Crypto, and DAO Specialists.

• Partners: Mastercard, Thirdweb, Stripe, Veriff, Revolut, VeChain, Chainlink.

Advisors and Key Partners

We are supported by a diverse group of advisors, including experts in blockchain technology, regulatory compliance, and precious metals. Their guidance ensures that MONC remains compliant, innovative, and responsive to market changes.

11. Conclusion

MONC offers a groundbreaking solution for individuals and institutions looking for a stable, transparent utility token while also replacing their Wallets with Rings.

The Orukka Smart Ring and MONC Token represent the future of wearable payments and decentralized governance. By joining the MONC DAO, users don’t just adopt a payment method—they own its evolution.

We invite investors, institutions, and individuals to join us in building a secure, transparent, and convenient financial future.

Join the Revolution. Wear the Future.

Orukka - One Ring to rule them all, One ring for payments, loyalty and opening smart homes & offices.

🔗 Website: www.monctoken.com
🐦 Twitter: @monesave_
💬 Discord: https://discord.gg/Vaz7XYJc

This whitepaper is a living document. Updates will be proposed and voted on by the MONC DAO.

© 2025 Monesave Ltd. All rights reserved.