Color Palette: Royal and Vibrant

1. Color Name: Royal Blue
   Hex Code: 
                            
                            #4169E1
                        
   Description: A deep and rich blue shade resembling the color of royalty. It exudes elegance, confidence, and sophistication.

2. Color Name: Regal Purple
   Hex Code: 
                            
                            #800080
                        
   Description: A majestic and deep purple hue representing luxury and power. It adds a touch of opulence and grandeur to any design.

3. Color Name: Electric Green
   Hex Code: 
                            
                            #00FF00
                        
   Description: A vibrant and intense green shade that catches attention and symbolizes energy and vitality. It brings a lively and refreshing vibe.

4. Color Name: Majestic Gold
   Hex Code: 
                            
                            #FFD700
                        
   Description: A shimmering and radiant gold color that signifies wealth, abundance, and success. It adds a touch of glamour and extravagance.

5. Color Name: Vibrant Coral
   Hex Code: 
                            
                            #FF7F50
                        
   Description: A lively and eye-catching coral shade that represents enthusiasm and joy. It brings warmth and playfulness to any design.

6. Color Name: Royal Magenta
   Hex Code: 
                            
                            #CA1F7B
                        
   Description: A bold and intense magenta color that embodies extravagance and sophistication. It adds a touch of drama and allure.

Note: This color palette incorporates rich royal tones like blue and purple, paired with vibrant and lively shades of green, gold, coral, and magenta. It is perfect for designs that demand attention, exude elegance, and showcase a sense of regality.