[Coin Data] Monetha, an efficient payment solution for merchants

Monetha is an efficient payment solution for merchants that enables globally trustful commerce.
A unique payment processing platform with a Decentralised Trust and Reputation System.
It is Empowered by the Ethereum blockchain

Market cap : $29.63M
Rank : 120

Monetha ICO was successful. It have raised 37 million dollars (95 000 ETH) in 18 minutes!

1. Universal/Transferable​ ​trust​ ​and​ ​reputation​ ​system
   ​Every time a transaction is made the blockchain will record the time of the transaction,
   both receiving and sending wallet addresses, warranty conditions, delivery time, and all other information that is typically needed to ensure trust. All the sensitive information will be hashed and only available to authorized users in a beautifully designed user interface. Based on that information, clients and merchants will be able to file/solve a claim, rate each other, etc.
   Every​ ​time​ ​a transaction​ ​is​ ​made,​ ​claim​ ​registered,​ ​solved​ ​or​ ​unsolved​ ​(according​ ​to the​ ​purchase​ ​details​ ​saved​ ​during​ ​the​ ​purchase),​ ​review​ ​written,​ ​etc.,​ ​the smart​ ​contract​ ​will​ ​automatically​ ​change​ ​the​ ​trust​ ​level​ ​for​ ​each​ ​of​ ​the parties​ ​involved.

2. Mobile​ ​payments​ ​solution
   ​With the help of the Ethereum blockchain, we are able to make payments with only​ 1​ ​step​ ​and​ ​1​ ​fee,​ ​which results in
   accepting payments generally up to 5X cheaper and up to x10000 faster for merchants.
   After simple integration with Monetha, merchants will be able to use our decentralized trust and reputation system, accept Ethereum based tokens, accept mobile payments, and easily convert cryptocurrency to their local fiat currency.

3. Enabling​ ​merchants​ ​to​ ​reach​ ​$10​ ​trillion​ ​digital​ ​asset​ ​economy
   ​By developing Monetha, we will not only allow merchants to participate in a trustful decentralized economy, but also reach the growing digital asset economy through our payment solution.
   The World Bank estimates that 10% of global GDP will be generated on blockchains by 2025.
   The GDP estimated for 2025 is $100T, thus the value generated through blockchain is expected to be $10T (10%).

Business​ ​model

​Monetha will only have one fee – a 1.5% transaction fee for merchants.

Token​ ​and​ ​token​ ​ecosystem

A ⅓ of Monetha’s revenue will be put in the “Voucher Smart Contract” in a form of MTH tokens to our token holders with an ability to claim for a voucher proportionately to the amount of MTH tokens they hold. Token holders will receive a voucher in MTH (Monetha’s currency) to use it as a discount when buying from Monetha’s merchants. This voucher would be proportional to the amount of the MTH tokens held.

Each month’s collected MTH voucher will be viable to
spend for the upcoming 6 months. Unclaimed/unused revenue from vouchers will be
put in a pool for the next month.

Loyalty​ ​program

​In order to encourage a network effect and create an ecosystem
for the Monetha token, we are going to introduce a loyalty program for merchants.
Every purchase made via the Monetha payment system will reward the client of the merchant with 0.2% (the exact percentage might change over time) of the value of the transaction in Monetha tokens from the Monetha loyalty pool.

(source: Monetha Whitepaper)