Monetha the combination of Paypal and trustpilot but then in the cryptoworld? Would buy them now!
What is Monetha?
Monetha is a new mobile payment platform build on Ethereum. Besides this it also adds a decentralized system based on trust and reputation. Payments can be done with all cryptocurrency based on Ethereum and will be converted into fiat money to go to the seller.What problem are they trying to solve?
When investing in a crypto I do find it important that they can actually solve a problem. For sure if you want to add to coin to the long term investment portfolio.
Well they are trying to solve many problems:
- Traditional payment gateways take up to 15 different type of fees. With a transaction fee ranging from 2% to 6%. By using the Ethereum blockchain, Monetha will have a single step and one fee only: a transaction fee of 1.5%.
- cause they are eliminating a lot of 3rd parties, the speed in drastically improved, so that seller gets his money faster. The aim to the complete the process within 2 minutes/
- they are adding a trust system, which should increase the trust of the buyers in the selling company.
Token and 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.
Roadmap 2018
Phase 1: E-commerce and first version of trust rating - Early 2018
Phase 2: A full e-commerce solution accepting Ethereum-based tokens and exchange them to fiat currency - Mid 2018
Phase 3: A monetha wallet for clients + Loyalty Program + Significant improvement of trust system - late 2018
Why invest in it?
Well for me the biggest reason, is that the problems they are trying to solve are within a multi trillion market cap sector. As we all know e-commerce has gone to the moon and now goes to Mars.
The customer using Monetha to buy products will also get some loyalty tokens, which can used during a 6 month period.
The have a well described and explained white paper including the road map above.
The price of MTH is currently decreasing, so it a cheap buy-in.
Eric Duprat is the payments lead for the project and is a former Paypal executive. So they will have leads to the market.
Andrej Ruckij, Co-Founder/Technology – Former VP of Development of Adform, a dig+ital advertising company.
Competitors
Utrust and Verify are also upcoming coins trying to solve the same problems, as of course the already known ones (Coinify, CoinPayments, Blockpay, ...).
Utrust has the advantage for the buyer that they reserve the money for a week before transferring it to the seller, if there are no complaints. Will this looks great on paper the sellers are deciding which system they will implement. That's why I do prefer the solution of Monetha above the one from Utrust.
So the competition will be fear but Monetha will get enough marketshare to be a good investment.
Where to buy?
Monetha can be traded among other on:
Predition
It would be an excellent addition to the long term portfolio. At the moment Monetha is traded at €0.412853 EUR.
And sit a spot number 205 at the marketcap. I do strongly believe that Monetha at least should get into the top 50.
Their marketcap at the moment is €89,574,324 EUR. The current marketcap of number 50 is €757,032,728.
So I do expect a 10X increase between now and mid 2019. With a increase of 2X to 3X before the winter is over.
Greetings,
Peter