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Analysis of Monetha – Merchant Payment Solution and Trust System
Analysis of Monetha – Merchant Payment Solution and Trust System

Analysis of Monetha Merchant Payment Solution and Trust SystemWhat does the company/project do?Monetha is creating a universal decentralized trust and reputation solution working together with mobile payments processing on the Ethereum blockchain leveraging smart contract technology. In short, Monetha wants to be the decentralized version of Paypal and Trustpilot.Monethas payment services are catered to e-commerce merchants. Compared to the traditional payment processing solutions like Paypal and Stripe, Monetha is significantly cheaper and faster. Monetha charges merchants a 1.5% transaction fee for any purchases made through the Monetha platform. Because Monetha processes transactions on the Ethereum blockchain, transaction time (time required for merchants to receive the payment) is only around 2 minutes.Monethas decentralized trust and reputation system is universal, where customers can see the rating of any merchants that integrates with Monetha. The trust ratings of both the merchant and the customer are updated automatically every time a transaction is made.Below are some of the reasons for customers and merchants to transact using the Monetha platform.CustomersMerchants- Transparent fee schedule 1.5% of transaction value- Much quicker fund transfer time (2 minutes compared to days or even weeks for traditional solutions)How advanced is the project?The idea of Monetha was conceived in January 2017. The team has released a minimal viable product (MVP) in May 2017. It is a plugin for merchants to accept payments in Ether in e-commerce stores. The MVP is available for merchants using the WooCommerce and Magento platforms.Below are some of the key milestone and the estimated time and budget:What are the tokens used for and how can token holders make money?MTH holders will receive 0.5% of the transaction value on the Monetha platform in the form of vouchers that can be applied as a discount when buying from Monethas merchants.This voucher would be proportional to the amount of the MTH tokens held. The redeemed MTH will be expired if they are not spent within 6 months.As the vouchers can only be used for Monethas merchants, the more merchants accept payments via Monetha, the more valuable MTH should be.Other than buying the tokens from ICO/exchanges, you can obtain MTH by performing transactions via the Monetha payment system. 0.2% of the transaction value (the amount may change over time) will be rewarded to the customer in MTH from the Monetha loyalty pool.This is the guide thathelp me findthe most profitable ICOs!Monetha has a team of 11, all of whom have relevant experience in their respective fields.The bio of the core team members are shown below:Andrej Ruckij, Co-Founder/Technology Former VP of Development of Adform, a dig+ital advertising company.Eric Duprat, Payments Lead Former General Manager of Mobile at Paypal.Kellogg N. Fairbank, Sales and Merchant Acquisition Lead Former VP Sales/Head of Business Development for Braintree in Europe. Also worked in GlobalCollect and Paypal.Dr. Jean-Marc Seigneur, Decentralised Trust and Reputation Lead Published over 100 scientific papers on computational trust and online reputation management. Advised many companies including Philips, Amazon, Thales, and Swissquote.Justas Pikelis, Co-Founder/Business Serial entrepreneur, specializing in IT, robotics and digital marketing.Laurynas Jokubaitis, Co-Founder/Product Serial entrepreneur, specializing in digital marketing.Monetha also has a strong team of advisors supporting the project, including Sean Harper, CEO of FeeFighters which was acquired by Groupon, James Downton, co-founder of The Marketing Group, which went public in 2016, and Robertas Visinskis, former CEO of Trustribe and CEO of Mysterium Network.Overall, I like this ICO, both for flipping as well as its long-term potential. Personally, I am rooting for this project to succeed because I would love to see more and more merchants accepting Ether as a form of payment.My thoughts on buying the tokens for flipping and investing for the long term are as follows:For flippingGood. The project has received a lot of media coverage which generated awareness. The current market conditions should help Monetha reaching hard cap with little problem.For long-term holdingGood. I believe cryptocurrency will gain popularity as a form of payment, and Monetha is well-positioned to benefit from this trend.As a point of reference, Paypal processed close to $400 billion of transactions in the past 12 months. If Monetha becomes a success, there is a lot of potential for MTH.For more information about the ICO, please visit the following links:Website: https://www.monetha.ioWhitepaper: Thread: Github: fGdY6Kfi7qpBsCIAVc9gThis is the guide thathelp me findthe most profitable ICOs!ExploreSubscribeWe respect your privacy. 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cryptoDATA 23 Aug 2017 cryptoTIME 6 min read
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