Monolith (TKN) Crypto Coin Explained - What It Is, Tokenomics & Wallet
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Mar, 27 2025
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23 Comments
TKN Token Value Calculator
TKN Token Information
Total Supply: 30,000,448.18 TKN
All-Time High: $4.39 (Jan 12, 2018)
Current Range: $0.043 - $0.077
Market Cap: $0.00 (as of Oct 2025)
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Quick Summary
- Monolith (TKN) is a non‑custodial DeFi platform that offered a Visa debit card linked to an Ethereum smart‑contract wallet.
- The native utility token, TKN, powers fee discounts and card‑related features.
- Users had to keep ETH in a "Gas tank" to cover on‑chain transaction costs.
- Security relied on triple‑audited contracts, PIN/FaceID, and address whitelisting.
- Monolith shut down in 2025; TKN now trades on Uniswap with very low volume.
What is Monolith (TKN)?
When you hear Monolith crypto coin, think of a bridge between traditional finance and the crypto world. Monolith is a decentralized financial platform built on Ethereum. It lets users control their private keys while spending crypto through a globally accepted Visa debit card.
Originally launched as TokenCard, the project renamed itself after the iconic black slab from Arthur C. Clarke’s "2001: A Space Odyssey" - a symbol of humanity’s leap into a new era. The team claims that Ethereum itself acts as the real‑world monolith, enabling a shift toward Decentralized Finance (DeFi) across the global economy.
How the platform worked - wallet, Gas tank, and Visa card
At the core is a non‑custodial wallet that lives as a smart contract on Ethereum. Because it’s a contract, every action - topping up the card, setting withdrawal limits, adding trusted addresses - triggers on‑chain computation that costs gas.
Monolith introduced a Gas tank. Users deposit ETH into this tank, and the contract draws the needed gas automatically. If the tank runs dry, the card cannot be topped up or used for fiat conversion until more ETH is supplied.
The Visa debit card is linked to the contract wallet. When you spend, the platform converts a supported token (ETH, MKR, DAI, TKN, DGD, DGX) into fiat at the point of sale, charging a 2% fee unless you pay with TKN, which reduces the fee to a nominal amount. The card works in all 31 European Economic Area (EEA) countries where Visa is accepted, with two free ATM withdrawals per month and a €0.85/£0.75 charge afterward.
Tokenomics of the TKN token
TKN is the native utility token of the Monolith ecosystem. Its total supply is 30,000,448.18tokens. As of October2025, no tokens are listed as circulating, resulting in a reported market cap of $0.00 and a fully‑diluted market cap of about $2.31million.
Price history shows extreme volatility: an all‑time high of $4.39 on 12January2018 and a low of $0.000058 on 13June2020. Current quotes hover between $0.043 and $0.077, with daily trading volume under $50 on Uniswap V2 (ETH pair). The token’s primary utility was fee‑discount for card transactions and access to premium features.
Security and user control
Monolith emphasized three layers of protection:
- Triple‑audited open‑source contracts - independent security firms reviewed the code.
- App‑level PIN entry, optional FaceID, and daily spending limits set by the user.
- Address whitelisting - trusted addresses bypass daily limits, reducing friction for recurring payments.
Because the wallet is non‑custodial, only the user holds the private key. This eliminates the risk of a centralized exchange hack, but it also means users are fully responsible for key backup and gas management.
Why Monolith shut down and what it means for TKN holders
In early 2025 the team announced a shutdown after serving 35,000 European customers and processing over $113million in real‑world transactions. The reasons cited were:
- Regulatory pressure in the EEA - crypto‑card providers face strict AML/KYC rules.
- Rising competition from traditional banks and newer fintechs offering fiat‑on‑ramp services.
- Operational costs of maintaining a non‑custodial contract wallet alongside Visa settlement rails.
For TKN holders, the token lost its on‑chain utility. It now survives only as a speculative asset on decentralized exchanges. Liquidity is thin, and price movements reflect broader market sentiment rather than any functional demand.
How Monolith compared to other crypto debit cards
| Feature | Monolith (TKN) | Crypto.com Visa Card | Binance Card |
|---|---|---|---|
| Custody model | Non‑custodial (user holds private key) | Custodial | Custodial |
| Supported tokens for fiat conversion | ETH, MKR, DAI, TKN, DGD, DGX | 15+ tokens (incl. BTC, ETH, BNB) | 10+ tokens (incl. BNB, BUSD) |
| Conversion fee (non‑native token) | 2% | 1‑2% | 0.5‑1% |
| Fee discount with native token | Fee drops to near‑zero when paying with TKN | Up to 5% rebate with CRO staking | Up to 8% rebate with BNB staking |
| Geographic availability (2025) | EEA only (31 countries) | Global (70+ countries) | Global (80+ countries) |
| ATM withdrawal cost | 2 free per month, then €0.85/£0.75 | Free up to $200/month, then 2% | Free up to $100/month, then 2% |
Monolith’s biggest advantage was user sovereignty. However, the trade‑off was a more complex user experience - managing a Gas tank and dealing with higher fees for non‑native tokens. Competitors offered smoother onboarding at the cost of custodial control.
Frequently Asked Questions
Is Monolith still operational?
No. The platform announced its shutdown in early 2025. Existing users can still access their wallets on‑chain, but the card service and official support are discontinued.
Can I still trade TKN on exchanges?
Yes, TKN is listed on Uniswap V2 (paired with WETH). Liquidity is very low, so expect slippage and modest trading volume.
Do I need to keep ETH in a Gas tank to use the wallet?
Exactly. Every contract interaction costs gas, so the wallet requires a small ETH balance to pay miners. If the tank empties, transactions cannot be processed.
What security measures did Monolith provide?
Monolith used triple‑audited contracts, PIN/FaceID protection in the app, daily spend limits, and address whitelisting. Because it was non‑custodial, users were the sole owners of their private keys.
Is there any way to get fee discounts without holding TKN?
No. The only fee‑reduction mechanism built into Monolith was the native TKN token. Without it, the standard 2% conversion fee applied.
Courtney Winq-Microblading
March 27, 2025 AT 19:00I’ve been wandering the crypto corridors for a while, and the Monolith token feels like a ghost of the early boom-flickering, nostalgic, and oddly poetic in its remnants.
katie littlewood
March 31, 2025 AT 22:17When you look at the wildly fluctuating price bands of TKN, you can’t help but marvel at how the market’s collective psyche swings like a pendulum between fear and euphoria; the low‑price range feels almost comforting, like a warm blanket on a chilly night, while the lofty $4.39 peak reads like a distant, almost mythical summit that only the bravest dare imagine scaling. The tokenomics-especially the capped supply of just over thirty million-suggest a scarcity that could, under the right conditions, ignite a firestorm of demand, but the current market cap hovering at zero reminds us that without real liquidity, the dream stays in the realm of theory. I’ve seen similar cycles with other altcoins: first a surge of hype, then a painful correction, followed by a slow, steady climb as fundamentals catch up to expectations. If the community can rally around solid use‑cases and build bridges to real‑world applications, we might witness a renaissance that lifts TKN out of obscurity. Of course, all of this hinges on investor confidence, regulatory clarity, and the ever‑present specter of macro‑economic turbulence, which can turn even the most promising projects into cautionary tales. Yet, the very existence of a calculator like this one empowers holders to visualize potential outcomes, fostering a sense of agency rather than passive speculation. In a world where many projects crumble under their own weight, TKN’s modest goals and transparent roadmap could be its salvation. Let’s not forget that crypto, at its core, is about decentralization and empowerment-principles that could reignite interest if the developers stay true to the ethos. So while we should temper our expectations with a healthy dose of realism, there’s definitely room for optimism, especially for those willing to ride the rollercoaster with patience and a long‑term vision.
Jenae Lawler
April 5, 2025 AT 01:33It would be remiss to overlook the stark reality that TKN’s negligible market capitalization betrays a profound lack of genuine investor confidence, rendering any theoretical upside virtually moot.
Chad Fraser
April 9, 2025 AT 04:49Yo, if you’re holding any TKN, treat it like you’d treat a gym routine-consistency beats hype every time, and the calculator can help you track those tiny gains.
Jayne McCann
April 13, 2025 AT 08:06It’s just another meme coin.
Prince Chaudhary
April 17, 2025 AT 11:22I respect the caution you’re showing, but remember that the low‑price tier can be a strategic entry point for long‑term believers.
Sidharth Praveen
April 21, 2025 AT 14:38Seeing the price bounce between $0.043 and $0.077 gives me hope that there’s still some community activity keeping the token alive.
Jan B.
April 25, 2025 AT 17:55Indeed it does. That range shows modest liquidity, which is better than zero.
MARLIN RIVERA
April 29, 2025 AT 21:11The data is clear: without real adoption, TKN is nothing more than a statistical curiosity for the bored.
Debby Haime
May 4, 2025 AT 00:27Even if it’s a niche play, having a simple calculator lets you see potential returns without diving into endless spreadsheets.
emmanuel omari
May 8, 2025 AT 03:44Technically speaking, the token’s supply cap creates a built‑in scarcity model; however, without demand, scarcity alone cannot drive value.
Andy Cox
May 12, 2025 AT 07:00From a cultural standpoint, it’s interesting how these small‑cap tokens foster micro‑communities that share memes and ideas.
Richard Herman
May 16, 2025 AT 10:16I see that angle; those micro‑communities can sometimes evolve into genuine networks if they find a shared purpose.
Parker Dixon
May 20, 2025 AT 13:33Looking at the tokenomics, the low circulating supply combined with a modest price range suggests that even small investments could yield noticeable percentage gains, though the absolute dollar returns remain limited.
Stefano Benny
May 24, 2025 AT 16:49From a risk‑adjusted perspective, the volatility index for TKN aligns with typical low‑liquidity altcoins, meaning swing‑traders might find arbitrage opportunities, albeit with heightened execution risk.
Bobby Ferew
May 28, 2025 AT 20:05Honestly, I’m not feeling the vibe; it just seems like another overhyped token that will fade away.
celester Johnson
June 1, 2025 AT 23:22One could argue that the very act of measuring potential value, even in a speculative asset, reflects a deeper human desire to quantify the uncertain.
John Kinh
June 6, 2025 AT 02:38Looks like a lazy attempt to recycle old code.
Mark Camden
June 10, 2025 AT 05:55While the sentiment is understandable, dismissing the project without evaluating its technical roadmap undermines a nuanced assessment.
Evie View
June 14, 2025 AT 09:11It’s just another hollow promise that feeds the hype machine.
Sophie Sturdevant
June 18, 2025 AT 12:27Even if it feels hollow now, the community can still rally around concrete use‑cases and give the token a reason to exist beyond speculation.
Nathan Blades
June 22, 2025 AT 15:44From a philosophical angle, the pursuit of value in a volatile asset mirrors the human quest for meaning-both are fraught with uncertainty, yet we keep searching, driven by hope and curiosity.
Somesh Nikam
June 26, 2025 AT 19:00Indeed, and if the developers can tie the token to tangible services, that abstract hope may transform into measurable utility.