While there are other blockchain platforms involved in payments and ecommerce, Monetha is unique in tackling trust and transparency within the ecommerce ecosystem. If they can successfully become the premier trust provider for ecommerce they stand to rise to become one of the strongest blockchain platforms. By monetha ico price adding trust to online purchases it hopes to gain a portion of the over $1 trillion in global ecommerce. So far the Trust Rating system has had positive reviews from both customers and merchants.

Track Monetha Price Today, Live MTH Price Chart & Market Cap

In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics. Almost all of the trading volume in MTH tokens is on the Binance Exchange, although it is available on a handful of other exchange platforms such as Mercatox, OKEx and KuCoin. It’s not possible to purchase MTH with fiat currencies, and all purchases must be made with BTC or ETH. Traditional ecommerce platforms can’t promise the level of trust and transparency offered by Monetha.

About MTH

Monetha is a unique solution to ecommerce problems, and as its influence grows it promises to be a disruptor in the space. One of his other co-founders is Justas Pikelis who has also founded a number of other start-ups including UFO Favours and Stebink. The final co-founder is Laurynas Jokubaitis who is also a founder of Wowtto and is a member of Forbes 30 under 30 for his work on blockchain technology and reputation systems.

Trust is the cornerstone of relationships, and that includes the relationship between buyers and sellers. Monetha’s Trust and Reputation system allows merchants to build a solid reputation based on their sales and service. Monetha is an efficient payment solution for merchants that enables a globally trustful commercial experience. Compared to other crypto coins which started the same year as Monetha it has below-average trading volume, average volume for the other 445 coins started in 2017 is $6M while MTH has $13K. Showing market cap and how it’s compared to different cryptocurrencies.

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ICO Drops is an independent ICO (Token Sale) database and is not affiliated with any ICO project or company. Our Interest Level does not constitute financial or investment advice. Monetha users have access to a diverse range of partners both online and offline. This includes a myriad of options from online shopping portals to retail stores, bars, and restaurants that are all part of the expansive Monetha network. The strength of the MTH currency remains questionable however, since it is only a utility token. Because it is only useful in the Monetha ecosystem it holds less value for investors, but if the development team finds a way to use it outside the Monetha ecosystem it could quickly explode in value.

Since then, MTH price decreased 0.01x against US Dollar, decreased 0.00x against Ethereum and decreased 0.00x against Bitcoin. There are currently 352,086,984 Monetha coins circulating out of a max supply of 402,400,000. Before engaging in crypto trading, please consult with a financial advisor to ensure it aligns with your financial goals and risk tolerance. Monetha users accumulate points for shopping with Monetha partners or sharing opinions through surveys. These points can be redeemed for a wide array of rewards such as products, vouchers, crypto, or they can be used to unlock exclusive deals and offerings. By interacting with companies in a usual manner, users earn points redeemable for products, vouchers, and cryptocurrencies, or gain access to exclusive deals and discounts.

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Using smart contracts, Monetha harnesses a decentralized trust and reputation system (DTRS) that allows the buyer to assess the reputability of the vendor based on previous reviews. This makes it easy to review both merchants and customers, and to see the history of all such reviews, leading to a working Trust and Reputation System. The core of Monetha’s technology is its Decentralized Trust and Reputation System (DTRS). Built with smart contracts, it creates a reliable relationship between merchants and customers. An algorithm built into the system verifies each transactions as it occurs, and assigns a trust rating. It is looking to redefine the relationship between customer and merchant by solving the problems discussed above.

Customers are able to find the most trustworthy merchants, and merchants can evaluate the credibility of their customers, something that hasn’t previously been possible. And as system usage increases the Monetha team has been able to fine tune the ratings to make them even more accurate and effective. Customers also receive Trust Ratings on the Monetha platform based on the number and size of purchases, as well as their review history. Reviewing transactions increases the customer’s Trust Rating because it increases their value to the platform.

Smart contracts make each transaction secure, and gets rid of the need for third-party partnerships that can expose both buyers and sellers to unnecessary risks. When your transactions take place on the blockchain you no longer have to worry about security, getting paid, or a burden of proof in any aspect of a transaction. Smart contracts provide security that is superior to traditional contract law. Wealth distribution is an important factor to consider when researching a cryptocurrency.

• By adding trust to online purchases it hopes to gain a portion of the over $1 trillion in global ecommerce.
• Learn about the Ethereum blockchain which the MTH token is running on.
• The second, and perhaps more important goal is to build a censorship resistant and transferable reputation that is reliable and based on user and merchant behaviors.
• He had been working at Adform as a the VP of strategic initiatives prior to founding Monetha.
• To date, the Ethereum network has never been successfully attacked and is considered one of the most secure networks currently operating.

Besides providing a superior payment solution, it’s also creating a platform that allows immutable trust and reputation to be built and carried to a number of external online ecommerce platforms. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 962 exchanges. The ability to review and rate transactions is nothing new, but Monetha makes it more reliable by tying it to sales and putting all the information on the blockchain. This rating system allows merchants and customers to grow their profiles as they make more transactions. As of Jun 25, Monetha has a market capitalization of $373.2 Thousand and is ranked #1888 among all cryptocurrencies. This calculation is based on the circulating supply of Monetha However, if we take into account the total supply of Monetha, the market capitalization would be $426.5 Thousand.

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The first aim of the platform is to ensure real-time ecommerce transactions that remove third-party intervention. The second, and perhaps more important goal is to build a censorship resistant and transferable reputation that is reliable and based on user and merchant behaviors. CoinCodex tracks 42,000+ cryptocurrencies on 400+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders. The Monetha app is used to enter reviews and claims, and it stores all of this data on the blockchain. Customers are able to file a claim if they receive an item that is damaged, defective, or simply something they aren’t satisfied with and these claims will impact the merchant’s Trust Rating.

• The strength of the MTH currency remains questionable however, since it is only a utility token.
• Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 962 exchanges.
• Monetha’s All Time High (ATH) of $ 0.647 was reached on 11 Jan 2018, and is currently -99.8% down.
• Built with smart contracts, it creates a reliable relationship between merchants and customers.
• The biggest challenge being faced by Monetha is the same as that faced by the blockchain ecosystem as a whole.

That said, as long as the Monetha team is quick to respond to any such loopholes the system should remain secure and resilient. Because the Trust Rating system is applied to merchants it won’t cover the products individually. This could lead to product quality issues slipping through, but future improvements in the platform might include ratings for products. The Monetha founders came together in early 2017 in order to solve the issues that are related to trust in global commerce. They decided later in the year that a decentralized ecosystem was required in order to achieve these levels of trust.

X2,x10, etc. means if the price of Monetha (MTH) will multiply by x2,x10, etc how much market cap it will have, and how it will compare then to the same coins. Monetha is a service that combines best features from cashback and affiliate services available on the market. Monetha conducted an ICO in August 2017, raising roughly $37 million through the sale of 200 million tokens at an average price of $0.19. In the months following the ICO the price of the token dropped to around $0.05. It rallied in December 2017 and reached an all-time high of $0.566 on January 11, 2018. And while they haven’t been found yet, there could be loopholes within the rating system that allows either merchants or customers to exploit the system.

For the last 30 days, more than 41 MTH transactions have been made, on average daily 1.37 completed transactions. Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily Monetha price chart. To see more analysis and outlook, please check the Monetha price prediction page. The reward potential with Monetha is limitless, with its catalog brimming with options such as gift cards, cryptocurrencies and discount codes. It is notable that Andrej left Adform after 9 years of excellent work to co-found Monetha.