Compared to other crypto coins which started the same year as Monetha it has below-average trading volume, average volume for the other 439 coins started in 2017 is $8M while MTH has $11K. Showing market cap and how it’s compared to different cryptocurrencies. X2,x10, etc. means if the price of Monetha (MTH) will multiply by x2,x10, etc how much market cap it will have, and how it will compare then to the same coins. Monetha conducted an ICO in August 2017, raising roughly $37 million through the sale of 200 million tokens at an average price of $0.19. In the months following the ICO the price of the token dropped to around $0.05.
Because MTH is an Ethereum ERC-20 based token it can be stored in any ERC-20 compatible wallet. Most notably, this situation requires the middleman to be paid; with eBay and Paypal (to name just 2 actors in the space) charging together about 4% on every transaction. Part of the reason sites monetha ico price like eBay and their partnership with Paypal have been so successful is that they act as a theoretically trusted middleman between the customer and seller.
MOBU ICO Review – Tackling the Security Token Problem Head On
- It is looking to redefine the relationship between customer and merchant by solving the problems discussed above.
- The company has recently announced the date of its much-anticipated ICO.
- The system has also been devised to keep scammers at bay, making the ecosystem more trustworthy for merchants too.
- We are the team of students and professors from the Financial University.
- The cryptocurrency offers several advantages over traditional payment methods.
- Before engaging in crypto trading, please consult with a financial advisor to ensure it aligns with your financial goals and risk tolerance.
Monetha (MTH) is a cryptocurrency token built on top of Ethereum platform, launched in August 2017. Monetha (MTH) is the #2439 largest cryptocurrency by market cap as of December 31, 2024, with a market cap of $224,956.49 USD. The Denar’s exchange rate plays a significant role in international trade, particularly for North Macedonia’s exports such as iron, steel, and agricultural products.
- Monetha’s mission is to become a strong force in the global commerce, offering a reliable, transparent and decentralized payment gateway to all users worldwide.
- Sellers can also be assured that they will get their money due to the smart,contract-based nature of Monetha.
- This rating system allows merchants and customers to grow their profiles as they make more transactions.
- Things like seller rating are intuitively amenable to blockchain transactions, guaranteeing that ratings and feedback are real.
Wealth distribution is an important factor to consider when researching a cryptocurrency. It refers to the percentage of the total supply of the cryptocurrency held by the top wallet addresses. Monetha Wallet for clients + Loyalty program + Significant improvement of the decentralized trust and reputation algorithm. To make it all even better, we’ve also included event tickets, plane, bus, and ship travel, restaurants, and even hotel bookings! Steve has been writing for the financial markets for the past 7 years and during that time has developed a growing passion for cryptocurrencies. The strength of the MTH currency remains questionable however, since it is only a utility token.
Eoghan Gannon is a cryptocurrency researcher, entrepreneur, and journalist. This is made possible due to the Ethereum basis of the system, which utilizes ERC tokens. They also claim payment times orders of magnitude quicker than conventional options, as well as handling fees that are a fraction of the price.
The central bank’s strategies aim to maintain currency stability, control inflation, and foster a healthy economic environment conducive to growth and investment. When you buy something via the Monetha page or app from a retailer you like, it will give us a commission for sending you their way. We share this commission with you, so your cashback is actually the retailer paying you! The retailer wins by having a new client, and you win by using Monetha and getting back a sum of money you spent. Overall Monetha is a unique project that could be underappreciated and undervalued. It moved steadily lower throughout 2018s bear market and dipped under $0.02 in September 2018.
Monetha (MTH) Token Distribution
Things like seller rating are intuitively amenable to blockchain transactions, guaranteeing that ratings and feedback are real. Sellers can also be assured that they will get their money due to the smart,contract-based nature of Monetha. 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.
The second, and perhaps more important goal is to build a censorship resistant and transferable reputation that is reliable and based on user and merchant behaviors. As of Dec 31, Monetha has a market capitalization of $207.7 Thousand and is ranked #1951 among all cryptocurrencies. This calculation is based on the circulating supply of Monetha However, if we take into account the total supply of Monetha, the market capitalization would be $237.4 Thousand. 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.
Token info
The information does not constitute investment advice or an offer to invest. But they still got a lot of publicity and investment, partly due to the experienced team they have on board. Overall, the project is quite ambitious but seems to be taking the right steps to achieving its goals. Their team consists 7 other memebers, however, after looking into their LinkedIn I found nothing out of the ordinary. In conclusion Monetha has very impratant insider members, which are essential to their project. We are the team of students and professors from the Financial University.
Price chart from 2017 till today, also includes daily market cap history. Ethereum blockchain uses proof-of-stake (PoS) consensus algorithm and battle-tested network of validators. To date, the Ethereum network has never been successfully attacked and is considered one of the most secure networks currently operating. Monetha users accumulate points for shopping with Monetha partners or sharing opinions through surveys. These points can be redeemed for a wide array of rewards such as products, vouchers, crypto, or they can be used to unlock exclusive deals and offerings. Managed by the National Bank of the Republic of North Macedonia, the Denar has maintained relative stability, benefiting from prudent fiscal and monetary policies.
Since then it has recovered somewhat and as of November 13, 2018 is trading around $0.048, which is still quite a bit below its ICO price. The biggest challenge being faced by Monetha is the same as that faced by the blockchain ecosystem as a whole. Cryptocurrencies need to be demystified for the general public, and the association they have with criminal behavior needs to be removed. Because everything is blockchain based security and anonymity are assured. And the system is global, executing on its own and without the direction of any centralized authority. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections.
But there is a multitude of structural and emergent drawbacks to such a situation. At that price, MTH is in my opinion still extremly undervalued.However, this is not financial advice just my opinion always do your own research. The highest price ever for one Monetha (MTH) was $0.559 on 11 Jan 2018, 6 years ago. The market value of MTH currently stands at $224,935.93, and its market ranking is #2441.
When the bull market comes, the market value of MTH may have great growth potential. Monetha’s All Time High (ATH) of $ 0.647 was reached on 11 Jan 2018, and is currently -99.9% down. MTH is an ERC-20 token which means it is running on the Ethereum blockchain. With a degree in computer science, Andrej is recognized as one of the thought leaders in Agile software development philosophy and runs one of the most read Agile blogs in the world called Agile Mindstorm. It is notable that Andrej left Adform after 9 years of excellent work to co-found Monetha.