I think that banding creates some interesting combos and can make the combat phase more interesting
There are currently nine types of cards in MTG: Lands, Creatures, Instants, Sorceries, Artifacts, Enchantments, Planeswalkers, and Battles
A combination of these three strategies makes monarch really interesting because losing the title doesnt become a total disadvantage
The rules favored this: high life totals, decks with 100 cards, only one copy of each card could be used, and the presence of one of Legends' elder dragons (Nicol Bolas, Arcades Sabboth, Chromium, etc) as the "commander" of the deck
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If your commander would die, you can whisk it right back to the command zone instead, where it's ready to be cast again