10 Reasons why we like Monetha (MTH)

10 Reasons Why We Like Monetha (MTH)

It solves a problem. Retail transactions cost retailers a lot of money. A typical Visa/Mastercard transaction takes around 15 steps, each taking a little slice of the profits. A transaction fee costs between 2% and 6%. By removing te middlemen, Monetha will cost retailers 1.5% and have one step. This makes it around 5 times cheaper and up to 10 times faster.

It has a great team behind it. The team includes Eric DuPrat - a former Paypal executive. He was the General Manager of Mobile at PayPal where he played an instrumental role in establishing PayPal as a player in mobile payments. Under his leadership, PayPal’s mobile payment business saw a growth from $7M of payment volume on 2008 to $4+ billion in 2011. Then there is Andrej Ruckij who worked as Vice President of Development at “Adform”: global digital advertising company. He is an engineering star who led a 300+ team of engineers to create the scalable Adform technology that is now used globally. Kellogg N Fairbank, an accomplished FinTech sales and BD executive. Former VP Sales/Head of Business Development for Braintree Payments in Europe, hired as their first international employee. As part of the Braintree/Venmo team, helped grow the company to $12 Billion in overall payments volume and $4 Billion in mobile payments volume annually, until its eventual sale to PayPal in 2013 for $800 Million. Dr. Jean-Marc Seigneur has published internationally more than 100 scientific papers on computational trust and online reputation management (ORM). With a Ph.D. in Computer Science from Trinity College Dublin in 2005, he has managed several EU-funded multi-million R&D e-reputation projects at the University of Geneva. In 2016, he has obtained a Google Award for Excellent Research in Academia. He has advised companies like “Philips”, “Amazon”, “Thales” and “Swissquote”.

Ambition. The team has no less than Paypal in its sights. Anyone who has used it knows about Paypal's high fees and chargeback problems. Monetha will be cheaper than Paypal and its unique decentralised trust and reputation system (DTRS), powered by smart contracts, works flawlessly with Monetha’s payment processor. It leta the buyer see trustworthy and transparent reviews made by previous customers.

ICO. One of the top ten performing ICOs of all time, Monetha had no pre-sale and sold out within 10 minutes reaching its hard cap of 95,000 Ether. This reminds us of the OmiseGo ICO which we will come to in a moment.

Profit sharing. While Monetha will not pay dividends, it has a profit sharing model that shares 33% of profits with token holders in the form of credits that can be used on Monetha to buy goods - gift vouchers if you like.

Market. There is plenty of room in this multi-trillion dollar market for Monetha. If it is successful it could be massive.

Opening trades. Monetha opened on a small exchange with around a 300% increase on its ICO price. It is soon to hit the major exchanges where interest in the token can only grow.

Partnerships. Monetha has already made some strong partnerships in retail including Pigu.lt, the largest online retailer in the Baltic States.

Not Chinese. Given the recent uncertainty the Bank of China has brought to ICOs, this can be seen as a bonus.

Omisego. While in the same market as Omisego (trading at around $10 at the time of writing), Monetha's trust aspect makes it different. Omisego is very much focused on the South East Asian market, while Monetha is more focused on Europe and USA. Were MTH tokens to perform as well as OMG has in its first two months then it would be trading at around $10 a coin. (Currently available at $0.37). MTH has a higher coin supply than OMG (about twice as many - 450M, with about half that in circulation).