Monetha

Monetha

Created using Figma
Created using Figma
Decentralised trust and reputation system (DTRS), powered by smart contracts, works flawlessly with Monetha’s payment processor. We let the buyer see trustworthy and transparent reviews made by previous customers. Based on the information saved during the transaction, clients and merchants will be able to file/solve a claim, rate each other, view ratings etc. Their history is then recorded onto the immutable Ethereum blockchain so that others can make well-informed commercial decisions.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • Mercatox
    MTH/BTC 44 minutes ago
    $ 0.0199
    $ 25.156 K
    -11.34%
    -0.06%
  • Binance
    MTH/ETH 57 minutes ago
    $ 0.0160
    $ 11.964 K
    -2.50%
    382.68%
  • Binance
    MTH/BTC 58 minutes ago
    $ 0.0160
    $ 66.55 K
    -1.86%
    -36.74%
  • Mercatox
    MTH/ETH 58 minutes ago
    $ 0.0167
    $ 6.197 K
    3.38%
    2.45%
  • HitBTC
    MTH/BTC one hour ago
    $ 0.0162
    $ 53.84
    -0.53%
    -88.68%
  • HitBTC
    MTH/ETH 4 hours ago
    $ 0.0153
    -
    -1.18%
    -100.00%
  • YoBit
    MTH/WAVES 15 hours ago
    $ 0.0103
    $ 0.0002
    -
    -
  • CoinExchange.io
    MTH/ETH 22 hours ago
    $ 0.0220
    -
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  • YoBit
    MTH/BTC 2 days ago
    $ 0.0164
    $ 133.72
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  • YoBit
    MTH/RUR 2 days ago
    $ 0.0165
    $ 0.4742
    -
    -
  • YoBit
    MTH/USD 3 days ago
    $ 0.0152
    $ 0.8748
    -0.01%
    180.57%
  • CoinExchange.io
    MTH/BTC 3 days ago
    $ 0.0145
    -
    -
    -
  • YoBit
    MTH/DOGE 4 days ago
    $ 0.0162
    $ 13.43
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    -
  • Idex
    MTH/ETH 6 days ago
    $ 0.0158
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  • Simex
    MTH/USD one month ago
    -
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  • Simex
    MTH/ETH one month ago
    -
    -
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  • Tidex
    MTH/BTC 2 months ago
    $ 0.0184
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    -
  • Tidex
    MTH/WUSD 2 months ago
    -
    -
    -
    -
  • Tidex
    MTH/WAVES 2 months ago
    $ 5.31
    -
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    -
  • Tidex
    MTH/WEUR 2 months ago
    -
    -
    -
    -
  • FCoin
    MTH/USDT 3 months ago
    -
    -
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  • FCoin
    MTH/ETH 3 months ago
    -
    -
    -
    -
  • YoBit
    MTH/ETH 3 months ago
    $ 0.0274
    $ 6.00
    -
    -
  • ForkDelta
    MTH/ETH 3 months ago
    $ 0.0176
    -
    -
    -
  • OKEx
    MTH/ETH 5 months ago
    $ 0.0135
    $ 0.3338
    -
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  • OKEx
    MTH/BTC 5 months ago
    $ 0.0245
    -
    -
    -
  • OKEx
    MTH/USDT 5 months ago
    $ 0.0420
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    -
  • CoinBene
    MTH/ROK 5 months ago
    $ 0.0027
    $ 169.65
    -
    -
  • Dcoin
    MTH/ETH 7 months ago
    $ 0.0173
    $ 76.36
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    -
  • Simex
    MTH/BTC 7 months ago
    -
    -
    -
    -
  • KuCoin
    MTH/ETH 7 months ago
    $ 0.0238
    $ 52.26
    -
    -
  • KuCoin
    MTH/BTC 7 months ago
    $ 0.0234
    $ 237.55
    -
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  • Everbloom
    MTH/ETH 8 months ago
    $ 0.0404
    $ 0.2495
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  • Blockonix
    MTH/ETH
    -
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Aug 31, 2017
Sep 30, 2017
100% completed
$14 865 148
10.2 K
cap
goal
70% cap completed
Goal 2 800.00 ETH
Cap 95 000.00 ETH
past
  • 1000 MTH
    =
    1 ETH
Token Details
Ticker
MTH
Company Details
Registered Country
Lithuania
Additional Details
Categories
Platform, Business services

About Monetha

Decentralised trust and reputation

Commerce and trust need each other, but current systems are complicated. We use smart contracts to simplify the relationship.

What does it do?
Our decentralised trust and reputation system (DTRS), powered by smart contracts, works flawlessly with Monetha’s payment processor. We let the buyer see trustworthy and transparent reviews made by previous customers.

How does it work?
The information needed to ensure a trustful relationship between buyer and seller (such as warranty) will be recorded onto the blockchain. Smart contracts will automatically amend each party's trust rating according to an algorithm that assesses the quality of the transaction.

Creating a decentralised commerce of trust
This is revolutionary. Based on the information saved during the transaction, clients and merchants will be able to file/solve a claim, rate each other, view ratings etc. Their history is then recorded onto the immutable Ethereum blockchain so that others can make well-informed commercial decisions.

Crowdsale

  • Before the soft cap of EUR 7m: 1 ETH - 2400 MTH
  • Before the hard cap: 1 ETH - 2000 MTH

Features

- Decentralised trust and reputation working together with payment processing for global commerce:  together with payment all the information needed to enable a trustful relationship between the buyer and the merchant are recorded (such as warranty). Smart Contract, automatically adjusts each party’s trust rating depending on their actions: file/solve claim, rate, write a review, make a purchase.
- Payment processing to accept Ethereum based currencies and exchange them to fiat automatically or upon request.
- In-built loyalty program which gives clients a 0.2% of every purchase in

Technical Info

Technical details:  The information needed to ensure a trustful relationship between buyer and seller (such as warranty) will be recorded onto the blockchain. Smart contracts will automatically amend each party's trust rating according to an algorithm that assesses the quality of the transaction. Based on the information saved during the transaction, clients and merchants will be able to file/solve a claim, rate each other, view ratings etc. Their history is then recorded onto the immutable Ethereum blockchain so that others can make well-informed commercial decisions. Monetha tokens will be used for the loyalty program to incentivise the network effect. Every purchase made via the Monetha payment system will reward the client with 0.2% of the value of the transaction in Monetha tokens from the Monetha loyalty pool: ○ If the client has Monetha tokens she/he can apply them to reduce the items cost. The client gets a discount. ○ Monetha tokens are converted to ETH in real time. ○ Monetha tokens are returned to Monetha loyalty pool. ○ Monetha platform covers a discount for the merchant, so he gets the full item price. ○ Monetha tokens can be applied for up to 70% of the purchase value. ○ The client is still getting 0.2% of the amount paid by ETH (or other cryptocurrency) after loyalty is applied. The source code:  The code of MVP Woo commerce integration is available on Github. We will publish the code of they payment gateway before the ICO. The will be more functionality of the product and code available over the upcoming few weeks. Proof of developer:  Public team

Monetha Roadmap

  • Start of the company (January 2017)

  • Three blockchain and payment enthusiasts came together for an epic venture into shaking up the payment processing industry.
  • Start of the company

  • Three blockchain and payment enthusiasts came together for an epic venture into shaking up the payment processing industry.
  • Minimal Viable Product (Self-funded/May 2017)

  • Having worked on prototyping, strategizing and building a team around the project, we built a fully working MVP with which merchants can accept Ethereum payments in their e-commerce store.
  • Minimal viable product

  • Having worked on prototyping, strategizing and building a team around the project, we built a fully working MVP with which merchants can accept Ethereum payments in their e-commerce store.
  • Read More
  • ICO (August 2017)

  • First priority after the crowdsale is to gather the best team possible and attract talented and accomplished people from payments, blockchain, Fintech industries. We will move our operations to Singapore, which has a huge Ethereum community and extremely good business environment for fintech startups. Moreover it has a great connection to our go to market - Asia.
  • ICO

  • To build our minimum viable product into our grand vision, we need the Ethereum community’s involvement.
  • E-commerce (EUR 700K/Early 2018)

  • Develop a fully functioning payment gateway for ecommerce merchants, enabling them to accept ETH and leverage the first version of decentralised trust and reputation system.
  • E-commerce

  • Develop a fully functioning payment gateway for ecommerce merchants, enabling them to accept ETH and leverage the first version of decentralised trust and reputation system.
  • Full e-commerce solution + exchange to FIAT currency (EUR 1,7M/Mid 2018)

  • Accept Ethereum tokens, and enable merchants to exchange Ethereum tokens to their local currency and transfer funds to their preferred account. Smart contract wallet, real-time analytics, and a dashboard for merchants.
  • 2018-06-15

  • Full e-commerce solution + exchange to FIAT currency.
    Accept Ethereum tokens, and enable merchants to exchange Ethereum tokens to their local currency and transfer funds to their preferred account. Smart contract wallet, real-time analytics, and a dashboard for merchants.
  • 2018-06-14

  • Full e-commerce solution + exchange to FIAT currency.
    Accept Ethereum tokens, and enable merchants to exchange Ethereum tokens to their local currency and transfer funds to their preferred account. Smart contract wallet, real-time analytics, and a dashboard for merchants.
  • First step towards decentralized reputation system: Monetha Wallet (EUR 3,5M/Late 2018)

  • Monetha Wallet for clients + Loyalty program + Significant improvement of the decentralized trust and reputation algorithm.
  • 2018-09-17

  • First step towards decentralized reputation system: Monetha Wallet.
    Monetha Wallet for clients + Loyalty program + Significant improvement of the decentralized trust and reputation algorithm.
  • 2018-09-16

  • First step towards decentralized reputation system: Monetha Wallet.
    Monetha Wallet for clients + Loyalty program + Significant improvement of the decentralized trust and reputation algorithm.
  • Full functionality of the decentralized trust and reputation system (EUR 5,5M/Early 2019)

  • This phase will allow us to fully develop a globalized trust system powered by smart contracts.
  • 2018-08-22

  • Full fuctionality of decentralized trust and reputation system.
    This phase will allow us to fully develop a globalized trust system powered by smart contracts.
  • 2018-08-21

  • Full fuctionality of decentralized trust and reputation system.
    This phase will allow us to fully develop a globalized trust system powered by smart contracts.
  • Retail (EUR 7M/Mid-Late 2019)

  • Develop and introduce a decentralized payment, trust and reputation system for retail merchants. Roll out Monetha as a payment option to retail merchants, allowing physical stores to accept mobile payments from Ethereum based currencies, and exchange to their preferred local currency.
  • Retail

  • Develop and introduce a decentralized payment, trust and reputation system for retail merchants. Roll out Monetha as a payment option to retail merchants, allowing physical stores to accept mobile payments from Ethereum based currencies, and exchange to their preferred local currency.

Activity

Activity:
1 162
VERY HIGH
Posts:
5 081
VERY HIGH
Views:
180 450
VERY HIGH
Activity:
714
VERY HIGH
Merit:
100
MEDIUM
Posts:
155
LOW
Views:
6 772
MEDIUM
Users:
95
LOW
Posts:
1 743
VERY HIGH
Followers:
9 038
HIGH
Likes:
8 298
HIGH
Followers:
19 518
VERY HIGH
Tweets:
771
VERY HIGH
30 Days Growth:
-11
Members:
840
LOW
30 Days Growth:
8
Year commits:
1 288
Watchers:
75
Stars:
47
Forks:
21
Open issues:
9

Monetha Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Andrej Ruckij
Co-Founder & Technology
unverified
Justas Pikelis
Co-Founder & Business
unverified
Laurynas Jokubaitis
Co-Founder & Product
unverified
Viaceslavas Ruckis
Engineering lead
unverified
Erikas Malisauskas
Product design & Front-end developer
unverified
Martynas Adomaitis
Smart contract developer
unverified
Andrej Davidovic
Software engineer
unverified
Eric Duprat
Payments lead
unverified
Kellogg N. Fairbank
Sales and Merchant Acquisition Lead
unverified
Dr. Jean
Marc Seigneur - Decentralised Trust and Reputation...
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

2 ICO

$17 565 148

Ignas Mangevicius
Blockchain advisor
unverified

2 ICO

$15 528 988

James Downton
Marketing advisor
unverified
Nik Rokop
Business advisor
unverified

2 ICO

$17 565 148

Tomas Lukosaitis
ICO advisor
unverified

Monetha Last News

$ 0.0170
2.84%
Coin Stats
Daily, %:
2.84%
Weekly, %:
-11.36%
Monthly, %:
-38.45%
Market Info
Market Cap:
$ 5.817 M
Volume 24h:
$ 110.152 K
Circ. Supply:
341.544 M MTH
Ticker:
MTH
ICO profit
X 0.0001
ICO Price~$221.28

Monetha Reviews

crushcrypto.com
review

Opportunities:
Cryptocurrency payment is not catching on because of the rising Bitcoin transaction fees. As at August 22, 2017, the average transaction fee for Bitcoin is over $6. However, with the growing popularity and much lower transaction cost of Ethereum, I believe the time has come where Ether can become a viable cryptocurrency for online payments.
The online payments market is large with huge potential. If Monetha can be successful, they have the potential to process billions of dollar of transactions a year, which would likely to cause MTH price to appreciate substantially.
Monetha secured partnership with Pigu.it, the largest e-commerce website in the Baltic States. It processes 2 million orders and generates over $100 million of revenue a year. This is going to provide immediate traction for Monetha when the development of Milestone 01 is completed in early 2018.
Network effect is present because of how the trust rating system works. The more customers and merchants use Monetha, the more valuable the Monetha platform is.
The project has a detailed roadmap with the estimated budget for each milestone, demonstrating a well thought out game plan by the team.
Monetha has a strong team and advisors who has extensive experience in both payment processing and online reputation areas.
The company reserves 10% of the tokens for potential future financing 12 months after the ICO. This creates an incentive for the company to deliver and keep token price high so that they can obtain more funding from the potential future token sale.

Concerns:
There are other competitors in the cryptocurrency payment solutions space, such as Coinify, CoinPayments, BlockPay and Cryptonator. Some of them charge a lower fee than Monetha. Monetha may not be the winner in this industry.
The trust rating is for merchants but not individual products. Even if the merchant has a high rating, the quality of its products is still not guaranteed.
The trust rating system may have loopholes that can potentially be exploited by merchants that want to boost up their ratings. In any system, there are people that try to exploit it and gain an unfair edge.

Conclusion:
Overall, I like this ICO, both for short-term as well as its long-term potential. Personally, I am rooting for this project to succeed because I would love to see more and more merchants accepting Ether as a form of payment.
Our thoughts of the tokens for short term and long term are as follows:
For short-term holding:
Good. The project has received a lot of media coverage which generated awareness. The current market conditions should help Monetha reaching hard cap with little problem.
For long-term holding:
Good. I believe cryptocurrency will gain popularity as a form of payment, and Monetha is well-positioned to benefit from this trend.
As a point of reference, Paypal processed close to $400 billion of transactions in the past 12 months. If Monetha becomes a success, there is a lot of potential for MTH.

 

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