Monk Chain Project Review – $MONKCHAIN Presale(ILO) on Unicrypt

MonkChain is a new BSC token. It is a NFT meme token. Let’s examine the project in detail.

Monk Chain Project Review - $MONKCHAIN Presale(ILO) on Unicrypt

Token Info

Project name: Monk Chain

Ticker/Symbol: MONKCHAIN

Contract address: 0x3c6a7DECEF9a419461d32Dd3A8b31479CAB1BDf0

Token type: BEP-20

Total supply: 500.000.000.000 MONKCHAIN

Launchpad: Unicrypt Network(PancakeswapV2)


Disclaimer

Presales have some risks. Please DYOR (do your own research)


tokenomics
Liquidity Lock Rate60% BNB raised liquidity lock
time: 11 months
ParticipationNot private
Softcap500 BNB
Hardcap2500 BNB
Min-Max Spend per Accountmax 5 BNB
Presale price100.000.000 MONKCHAIN / per BNB
Listing price90.000.000 MONKCHAIN / per BNB
Audit( by Techrate)
KYC (by Pass or Fail Me)
Startapprox: Sat 19 Jun 04:31 UTC
Endapprox: Thu 24 Jun 04:31 UTC

Check burned tokens.

MONKCHAIN’s links:

It is good

  • 60% liquidity lock rate
  • 11 months lock duration
  • Presale price is cheaper than listing price.
  • KYC by Pass or Fail Me, check
  • Audit by Techrate, check report
    • No high-medium severity issue

About the team

  • Anonymous

From White Paper

By using the concept of deflationary, The token functions on an automated liquidity-locking and self-staking direct distribution protocol, providing safe, secure and hassle-free transactions and yield- generation for all holders.

Features of MonkChain:

  • Transaction fee is 6%:
    • 3% distributed to holders
    • 3% auto liquidity provider
  • Deflationary: Because burn address (22.6% of total supply burned) is also a holder. So some part of each transaction fee goes to burn address.

MonkChain Ecosystem

MonkChain is a native utility token from MonkChain finance ecosystem environment, and will be used
for:

  • MonkChain decentralized exchange
  • NFT decentralized marketplace
  • E-Commerce decentralized payment gateway media
  • Decentralized yield farming and staking

Note: Slippage rate must be higher than 6%, when swap MONKCHAIN.


MonkChain is a NFT meme token. According to their roadmap, It aims to build initialy NFT marketplace (phase 3) then DEX (phase 4). It has KYC and Audit.

Having KYC and audit shows that the team will try to realize their projects.

About tokenomics: 50% allocated for sale and 26.5% allocated for liquidity. Rest of the tokens were burned. So the team hasn’t tokens. Also there isn’t marketing tokens. These are good for price chart.

Because team and marketing tokens have potential to dump price. MONKCHAIN’s price chart won’t be affected to these. When it will be listed, It’s price will be determined by the market.

It would not be right to consider MONKCHAIN as just a meme coin. Because the project aims to create products. MONKCHAIN will have usage in their ecosystem.

To summarize: good tokenomics, KYC’ed team and audited smart contract.

Presale ended

6 BNB collected. It didn’t reach softcap. Failed.

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