I'm genuinely interested as well.
It looks like this Monkey ICO never took place as their website countdown is blocked. I remember one of the big wig in the project stepping down for ethical reasons, but not much more.
Some digging also uncovered "tension between DH of Monkey Capital and the Waves team."

Well, never trust a monkey, I say. The Year of the Monkey was a shit year anyway.

Sounds like a good sound project but there is something that seems quite unrealistic: 50% shares for authors when they publish books. I work in the industry and 50% is far from enough to pay publishers, transporters,  and retailers at once. There is a reason why author rights are capped to 15%. Even people like Rowling don't get much more.
Care to explain what is your plan on this? This little detail makes the business model crumble like crumpets in my opinion.