Our aim is to provide the reliable information about blockchain-technology. For the last 30 days, more than 104 MTH transactions have been made, on average daily 3.47 completed transactions. The reward potential with Monetha is limitless, with its catalog brimming with options such as gift cards, cryptocurrencies and discount codes. Monetha users have access to a diverse range of partners both online and offline. This includes a myriad of options from online shopping portals to retail stores, bars, and restaurants that are all part of the expansive Monetha network. Monetha is of the belief that users’ control over their digital footprint can pave the way for a more equitable interaction between consumers and businesses, benefiting all parties involved.
Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology. Having worked on prototyping, strategizing and building a team around the project, monetha ico price we built a fully working MVP with which merchants can accept Ethereum payments in their e-commerce store. Interaction with Monetha partners rewards users with points, with returns potentially reaching up to 70% of the purchase price. Interactions, as defined by the partner, can be transaction-based, like the traditional cashback on purchases, or activity-based, such as referring a friend. Monetha is a service that combines best features from cashback and affiliate services available on the market.
If they can successfully become the premier trust provider for ecommerce they stand to rise to become one of the strongest blockchain platforms. Another cost that disappears is the multiple fees from third-party processors. Rather than 5%-20% in hidden fees, a Monetha transaction has a flat 1.5% transaction fee, and 0.5% of that is returned to Monetha stakeholders. There are also plans to introduce a 0.2% loyalty program for customers. Monetha’s decentralized trust and reputation system takes every facet of traditional e-commerce and retail and improves on it. With their groundbreaking, unique service and a successful ICO Monetha has the potential to revolutionize the way payment systems function around the world.
Monetha Team
When your transactions take place on the blockchain you no longer have to worry about security, getting paid, or a burden of proof in any aspect of a transaction. Smart contracts provide security that is superior to traditional contract law. One blockchain platform looking to take advantage of that growth is Monetha, the decentralized reputation platform. They are trying to increase the overall level of confidence and probability of success for any transaction. We are very excited to start the revolution of global commerce by bringing trust and efficiency for both the merchants and the clients. After the token’s launch on Aug 31, 2017, on the Ethereum platform, over 7,332 wallets have acquired MTH, with a recorded total of 89,159 successful token transactions to date.
- Interaction with Monetha partners rewards users with points, with returns potentially reaching up to 70% of the purchase price.
- Monetha users have access to a diverse range of partners both online and offline.
- The waiting times for processing payments on standard gateways range from minutes to hours or even days.
- Because it is only useful in the Monetha ecosystem it holds less value for investors, but if the development team finds a way to use it outside the Monetha ecosystem it could quickly explode in value.
- There are also plans to introduce a 0.2% loyalty program for customers.
Lower Fees and Commissions
The Monetha founders came together in early 2017 in order to solve the issues that are related to trust in global commerce. They decided later in the year that a decentralized ecosystem was required in order to achieve these levels of trust. The Monetha app is used to enter reviews and claims, and it stores all of this data on the blockchain. Customers are able to file a claim if they receive an item that is damaged, defective, or simply something they aren’t satisfied with and these claims will impact the merchant’s Trust Rating. This makes it crucial for merchants to deliver properly the first time, or to make amends quickly if there is a problem with an order.
Monetha is based in Lithuania and the three founders have diverse backgrounds. Andrej Ruckij previously was the CTO and co-founder of a company called Wowtto which was an outdoor digital advertising agency. He had been working at Adform as a the VP of strategic initiatives prior to founding Monetha. Traditional payment methods might mean it takes several days for a merchant to actually receive a payment into their bank account. Best of all, because it is tied to sales there’s no need to worry about false or malicious reviews.
Another notable feature of Monetha is its compatibility with various e-commerce platforms, making it easy for merchants to integrate the payment system into their existing infrastructure. This opens up new opportunities for businesses to accept cryptocurrencies as a form of payment, expanding their customer base. Furthermore, Monetha’s approach to data management deserves recognition. The platform allows users to have complete control over their personal information, enabling them to decide what data to share and with whom. This focus on privacy aligns with the core principles of decentralization and empowers individuals to protect their online identities.
Three blockchain and payment enthusiasts came together for an epic venture into shaking up the payment processing industry. There are currently 352,086,984 Monetha coins circulating out of a max supply of 402,400,000. By interacting with companies in a usual manner, users earn points redeemable for products, vouchers, and cryptocurrencies, or gain access to exclusive deals and discounts. Companies, in turn, equipped with your preferences, can better cater to your needs and earn your loyalty.
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With a transparent and reliable reputation mechanism, Monetha aims to create a fair and trustworthy marketplace. The Monetha token, abbreviated as MTH, is the native currency of the platform. It can be used for various purposes, including making payments, accessing additional features, and even participating in the platform’s governance. The cryptocurrency offers several advantages over traditional payment methods. Firstly, transactions on Monetha are typically faster and cheaper compared to conventional payment systems. With minimal transaction fees, cross-border payments become more efficient and affordable.
- The retailer wins by having a new client, and you win by using Monetha and getting back a sum of money you spent.
- This is made possible due to the Ethereum basis of the system, which utilizes ERC tokens.
- The information does not constitute investment advice or an offer to invest.
- And you can display the trust score with you to any platform that supports Monetha, which already includes Shopify, Facebook Marketplace, Craigslist and many others.
- We publish guides, reviews and news on tech, cryptocurrency, Bitcoin, blockchain & privacy.
- That said, as long as the Monetha team is quick to respond to any such loopholes the system should remain secure and resilient.
Cryptocurrency Monetha is a decentralized payment platform that offers secure and fast transactions. Launched in 2017, Monetha aims to revolutionize the way we make digital payments by utilizing the power of blockchain technology. With every transaction recorded on the blockchain, users can trust that their payments are secure and verified. This reduces the risk of fraud and provides a higher level of trust between buyers and sellers. Monetha also introduces a unique reputation system, enhancing the overall value of the platform. This system allows users to rate their transaction experiences, providing valuable feedback for other participants.
And you can display the trust score with you to any platform that supports Monetha, which already includes Shopify, Facebook Marketplace, Craigslist and many others. This phase will allow us to fully develop a globalized trust system powered by smart contracts. 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.