Monetha Monetha

Monetha

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.
past
Aug 31, 2017 — Sep 30, 2017
Raised 36 600 000 USD
Goal 2 800 ETH
Cap 95 000 ETH
Prices
  • From Aug 31, 2017 Till Sep 30, 2017 —
    1000 MTH 1MTH = $0.15495
    =
    1 ETH 1ETH = $843.793
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

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.
  • Read More
  • 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.
  • 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

Posts:
241
MEDIUM
Followers:
7 855
HIGH
Likes:
7 160
HIGH
Followers:
17 403
VERY HIGH
Tweets:
284
MEDIUM
Members:
1 214
LOW
Alexa
Rank:
147 263
HIGH
Delta:
60 025
Year commits:
204
Watchers:
20
Stars:
6
Forks:
13
Open issues:
7

Team

Verified 0%

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

Co-Founder & Technology
unverified
Co-Founder & Business
unverified
Co-Founder & Product
unverified
Product design & Front-end developer
unverified
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

Marketing advisor
unverified
Business advisor
unverified

4.03

positive
5.0 15
ICO Profile Vision Activity Potential Product Team

icorating
-
icobazaar 4.4
icobench 3.9

Collected:
0 USD
The amount in USD is calculated at the closing date of the ICO
Goal: Cap: 0 ETH 0 ETH ICO: 31 Aug 2017 30 Sep 2017

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