Topic: [ANN] [ICO] MONETHA - Decentralised reputation with built-in payments - page 222. (Read 187501 times)

In my opinion this is a very valid project, with only one weakness. They assume the ETH economy will continue to grow, which is not sure at all. I think they should allow different methods of payment besides ETH, when the product will be released.

Monetha has been building a lot of momentum. I see their name mentioned in many of the chat group I'm in. Roughly 7 more days until ICO. Can't wait!!!

Hello
I'm also interested why the company is registered in Switzerland and not in Lithuania?
Can you give also your company name?

Well, I am proud to say that I am the best rated and ranked human out of 7 billion ones.

But if you disagree...

Well, I am among the best rated and ranked humans.

And if you still disagree with me, you err on the side of disagreeing with Monetha too.  

The success of your project hinges on the merchants' adoption of the platform.

As of today, how many merchants have adopted or planning to adopt Monetha into their payment system?

the bounty is generous.
I should have noticed this project earlier.

in monetha:
the transaction and services fees associated with traditional gateways are generally at the higher end. Merchants usually end up paying anywhere between 2% and 6% per transaction. Whereas, the Monetha service involves a single step and costs a fixed transaction fee of 1.5%.

It's in their website. Have a time navigating the whole website https://www.monetha.io/ and you'll see your answer. Whitepaper is more detailed than that.


I don't think they're going to have a presale on whales. Monetha is built for the community. They are also planning to have a KYC process of investors with almost USD250k+ invesment.

Is there a presale for huge investors amount upto 250 ETH ?

Can you give also your company name?

I find only description for MVP  
But where is a platform?

And where is your detail road map? Can you give me link pls?

Liked the Idea. Already signed up for insider.  can't wait for the ICO sale.

Hello so may we know why the company is registered in Switzerland and not in Lithuania ?

Hello gembira, thanks for your question!

We already have a working MVP which you can check out in our website (www.monetha.io). You will be able to find our roadmap there as well.

Regards,
Monetha Team

You ll develop fully funcionale system for payment only in middle 2018? What about beta-version?

It's cool, but the name could be something like payment too.
Regardless, now I'm waiting for ICO. 

Monetha The builtin algorithm analyzes
The builtin algorithm analyzes the user's reputation and provides a trust rating to each side solving lifelong confidence issues between the parties, helping them avoid traps like fraud, cracks, and wrong things, and so on. In addition to e-commerce, the trust and reputation system managed by Monetha is also compatible with retail applications.

Ever wondered what Monetha means? Here’s a blog about it: https://medium.com/@monetha/why-am-i-named-monetha-62f97a46f34c

Hello gembira, thanks for your question!

At the moment, the development team is located in Lithuania, which is well-known for it's talents in software development and successful ICOs (Edgeless, Mysterium Network). We are doing all the right steps to move the business operations to Singapore for it's great environment for Ethereum and fintech startups and for Singapore's great location for our go-to market - China.

Our company, on the other hand, is registered in Zug, Switzerland.

Regards,
Monetha Team


Hello KS03, thanks for your question!

We will take every step necessary to stop any fraud activity, but that doesn't necessarily include a lawsuit (it may include reporting him to the bank, so they charge him the amount of money he scammed, etc.).

As far as our payment protection goes, there are four aspects that we plan to implement:
A: There will be a chargeback pool in case of emergency issues, so that we can issue a refund to the buyer.
B: Every merchant will be registered with us as a legal entity. In case of any fraudulent activities - we will have all the details of the company, and will be able to take legal action if need be.
C: That’s where DTRS comes to help - if a merchant has been in business for couple of years, trying to gain his reputation, it simply wouldn’t make sense for him to lose the large amount of positive reviews to save money by not issueing a refund.
D : We’re preparing for this by prototyping and strategising an inclusion of an algorithm that would recognise and red flag an unusual behaviour from the merchant and the client. The solution might pivot as we will collect a significant amount of real data, because we need real data to be able to find the best solution to prevent scammers.

Regards,
Monetha Team

Which country your team? And where your company based? (country). You have name and geografical adress of your company?

So your going to take legal action against every fraudster out there when there is a bad transaction due to scamming?  Your lawyer bills are going to be insane.