The monetha token sale begins today (31st August 2017) at 2PM GMT, and I thought maybe this is a good time to reach out and educate some people on what monetha is and how it could potentially change the world(maybe).

What is Monetha?

Monetha is a payment platform(just like paypal) allowing you to make payments and purchase goods over the internet or in store using Cryptocurrency, namely Ethereum. However on top of the payment gateway system they provide, they also have a decentralised Trust and Reputation system built into their platform. The decentralised Trust and Reputation system allows users to rate merchants and customers just as they would on a review website.

Why is Monetha Better?

There are actually quite a few reasons why monetha is better than most payment gateways out there today and here are just some of the reasons why:

- Fast payment transaction speeds: - Traditional payment platforms go through around 16 steps before a payment is processed which can take time, and obviously has a cost assigned to it. Monetha on the other hand just has 1 step, from your wallet to the merchants wallet, and that's it! Simple easy and a very low fee for the 1 step process, which can be upto 10,000 times faster.

- Decentralised Trust Built in: - With a decentralised trust system built into the payment system, users can simply review the merchant on a successful transaction, which means they can only review when a transaction is complete, and merchant cannot make anymore fake reviews on their website.

- Very Low Fees: - Payment platforms generally charge around 3-6% + around $0.20 per transaction you do through them, which can be quite expensive. However with Monetha the fees are only 1.5%.

When Will Monetha be Ready?

Monetha is ready to use with e-commerce websites such as Magento and WooCommerce and are building many more implementation guides too. Their ICO is today(31st August 2017) and they are planning to use those funds to further develop their platform. They are planning that a version of Monetha, which will be able to accept Ethereum and convert the Ethereum to fiat currency, should be ready by around mid 2018 which is very soon in the retrospect of it.

Why Should I Buy Monetha?

Monetha platform rewards investors for holding Monetha tokens. Out of the 1.5% fee, investors holding Monetha will receive 0.5% of the fees as a voucher which will be able to be spent on merchant websites that accept Monetha. The remaining 1% fee will go towards Monetha company as revenue income, which seems fair.  In addition to that, Monetha plans to be on all major exchanges within 2-4 weeks after the ICO ends which could lead to a new speculation market where you can buy and sell Monetha and maybe profit from it.

How to Contribute to the ICO

If you are looking to invest into Monetha, their ICO will be opening today at 2PM GMT. All information needed to invest is on their website at https://www.monetha.io/ and you can go directly to their ICO crowdsale from this link: https://www.monetha.io/en/crowdsale

Disclaimer:

This is by no means an article to persuade you to buy Monetha or contribute in anyway in the ICO, this is purely for informational purposes to advise people on how Monetha will work and what benefits it will bring for the e-commerce or even retail industries.