Topic: [ANN] [ICO] MONETHA - Decentralised reputation with built-in payments - page 228. (Read 187501 times)

Hi, when we receive the full amount of the payment tokens of the bounty? It will be immediately after ISO, or we need to wait a few months. I read somewhere that the coins bounty will issue parts

Hello Cemxur, there will be no minimum amount to invest in our ICO.

Hello iGotHope, GMT timezone is currently not used due to the summer time, but our ICO will be on 3PM London Time.

Regards,
Monetha Team

England time.



There is no precise information about ICO yet. You better subscribe to their newsletter in the meanwhile.
I don't think the minimum amount to invest will be 1 ETH though...

Hi DEV, now tell us how many coins will be in circulation?

Only 1 eth or Can I buy for 0.1 eth Tokens

Eric is well aware of his position as a "Payments Lead".
Because at the moment he lives in Silicon Valley, USA, there is a big geographical distance between him the headquarters of Monetha. We have made an agreement with Eric that states, that if the ICO funding is successful, he will have a position in our internal team.
As of this moment, we are constantly doing conference calls with Eric and strategizing Monetha's plans.

Monetha.  Is Eric Duprat advising you or is he a team member?   Or do you consider an adviser a team member as well?  Some people are concerned you are misleading them by calling an adviser a team member,  I think some clarification on this issue would help your ICO and your brand image.  Thanks.

GMT timezone is what country to be exact so I can sync up my calendar? I should be finish reading the 44 pages or so of white paper by then. Thanks

There has been a sale and purchase transactions through monetha and buyers want to cancel it because of doubt on the goods purchased, the stage of the process of claiming the buyer how to do?

So,  50% of tokens going to investors and 50% to developers? Why not 70/30 at last? What ll be with unlosd tokens?

hello sir..
i have updated personal text and avatar
hopefully this project can be succesfull 

Hello Gembira,

As our whitepaper states, this is due to the fact that 50% of the tokens will go directly to our investors/contributors. You can find where the rest of the tokens will be used here: https://medium.com/@monetha/my-development-team-fdf9f17505c0

Regards,
Monetha Team

and


1 eth = 2000 tokens

402,400,000 / 2000 = 201,200 ETH ?

Anyway its to much, no thanks.

95000 ETH! Well, I think Monetha can reach the hard cap. I hope I get in early to get some extra MTHs lol.

FINALLY!
Everything you need to know about our hard cap in this blog!
https://medium.com/@monetha/announcing-the-hard-cap-and-the-total-token-supply-699a6a7810cd

I am very much convinced now I will throw 10 eth on your project. I think you should say the payment protection in your website home page that will attract more people to invest. Thanks for the explanation.

Hello Galactica, thanks for your question!

MTH holders will be able to spend these vouchers only with e-commerce stores by Monetha's merchants.

Regards,
Monetha Team


Hello rejosh, thanks for your question!

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.

If we take a look at a bigger picture and other competitors, the most important feature of Monetha is DTRS (Decentralised trust and reputation system)


In Monetha, payments and trust will work flawlessly together. We are letting merchants accept mobile payments from their clients and at the same time ensure the trust for both the merchants and the clients.

The information needed to ensure a trustful relationship between buyer and seller (such as warranty) will be recorded onto the blockchain together with the payments (at the moment of payment). Smart contracts will automatically amend each party’s trust rating according to an algorithm that assesses the quality of the transaction.

Based on the information saved during the transaction (for example warranty), clients and merchants will be able to file/solve a claim, rate each other, view ratings etc. Their history is then recorded onto the immutable Ethereum blockchain so that others can make well-informed commercial decisions.

So for example, once the payment is made, the trust rate for merchant increases. If client makes a review, trust rate increases as well. If client makes a claim and merchant does not react to it, the smart contract decreases the trust rate. Different weights of how smart contract changes the trust rate will be assigned to different actions

Think about this use case: imagine you are a merchant from China. The only way to sell your products to the global world and be trusted at the same time is to be part of Alibaba. Moreover, if you suddenly decide to start selling on Ebay, there is no way you can transfer that trust rate you earned. However, Monetha is able to solve this issue, because it's reputation is easily transferable.

To add a point, it is worth mentioning that nowadays the reviews made on Amazon that are connected with confirmed payments are always prioritised by Amazon algorithm in the review list and carry much more legitimacy. With Monetha, every review is “linked with payment”.

You can read more about DTRS in our White Paper here: https://www.monetha.io/static/media/Monetha_White_Paper.58f83d45.pdf


Or in this blog post here: https://medium.com/@monetha/people-ask-me-what-is-your-main-strength-cf72c6fd2754


Hello Gembira, thanks for your question!

As we mentioned before, we promise to announce our hard cap and maximum token supply this week. You can always subscribe to our newsletter to hear about this important update first!

Regards,
Monetha Team

yes i like it, This project strongly supports the development of the world of cryptocurrenci by connecting several markets, will certainly simplify all transactions, hopefully be a proud project, running well, good luck

I agree, what is Rejosh in question, and what kind of benefits does monetha give in the business world of e-commerce?

hey bro ,look like  you cann't wait for MONETHA  ICO now ,  saddly it not start ,you should wait