Topic: [ANN] [ICO] MONETHA - Decentralised reputation with built-in payments - page 231. (Read 187501 times)

Monetha.io you seem to be a pro that could reply to all these inquiries but do you think you will still be responding here after the ICO? Was just asking in advance because most of the guys like you who were pretty much AFTER the funds from investors but after the ico, we'd be lucky seeing them once a month.

Let us tell you more about Monetha's ICO conditions and what do MTH token holders get.
https://medium.com/@monetha/monethas-token-model-ico-conditions-announcement-181ab5cfcc8c

Hello Elektibi75, thanks for your question.

We acknowledge the fact that Ethereum at the moment is not as scalable as it should be. But as you probably know, the switch to Casper is coming soon, or it could be a switch to Plasma (read more at: plasma.io), that may solve scalability issues. Switching to Casper will (probably) result in more transactions per second on the Ethereum network. The algorithm also accommodates faster block times compared to using the proof-of-work algorithm currently in place. This will also have an impact on the network’s gas prices, which will increase and decrease based on how much the network’s validators can handle comfortably. At the same time, state channel allows to put more transactions into one block, resulting in decrease of cost per transaction. If Casper and State Channel works as it is promised to work, Ethereum should not face scalability issues. Which results in much cheaper and faster Peer-to-Peer transactions for merchants while utilising the blockchain technology. Which also results in scalable technology on which products such as Monetha can be build.

Even having all these facts above, we still have to acknowledge the fact that the biggest risk is Ethereum being able to deliver on Casper and State Channel technology, because payment gateway (as any other blockchain based companies) needs a scalable blockchain technology to make a real impact.

On the other hand, we should also mention, that Monetha is a blockchain agnostic solution, which basically means that we need a blockchain that has a smart contract capability and which is scalable to run our product. So, in case Ethereum will not able to solve the scalability issues (or even if it will), we will be able to migrate to other blockchains, for example Tezos, or any other blockchain that has solved scalability issues and has a smart contract capability.

To add a point, we think it is very important to start now (and as a result take more risks) in order to be able to take a pole position and be the first mover (as PayPal was in pioneering the online money transfers in the early 2000s) in creating a next generation payment processing solution combined with a decentralised trust and reputation for global commerce. If we start when all the scaling problems blockchain technology now faces are solved, it would be too late.

Regards,
Monetha Team

How many transactions per second/hour/day will Monetha be able to handle? It's based on ETH and as I see it, ethereum network has hard times when number of transactions get somewhat significant but it's not even close to what big merchants need. Visa or Mastercard can handle 10+ million transactions an hour. Could you explain please?

Hello aikklond, thanks for your endorsement!

You can also join our Slack channel if you have any additional questions!

Take care,
Monetha Team


Hello Bitparazi, thanks for your kind words!

You can always subscribe to our newsletter to hear about news first. You can do that in our website: https://www.monetha.io/

Have a wonderful day,
Monetha Team



Hello Coinzoid, thanks for your message!

Our development team will fix it as soon as possible!

Regards,
Monetha Team

such issues are important. the first pages gives importance to the investor.
investors couldn't answer questions under this heading can be found. nice project, I'm following in me. accumulation ICO for what I'm doing.
good luck team and dev.

Hi Dev, maybe others might have stated this but when you check FAQ page at https://www.monetha.io/en/faq, it is missing whitepaper link for question named:

Why should I invest in your ICO?

Following is output for that section:


I think at the time of writing FAQ, whitepaper was not ready so that section left empty without linking whitepaper. You may want to fix this now.

All who give suggestions or comments here monetha team always give their best response and service to every participant. Good luck and always be the best.

Hello deddod01, thanks for your question!

The biggest potential, as explained by Justas during yesterday’s live Q&A, and our longer term vision is: FIAT to FIAT transactions through the blockchain. (Peer-to-peer examples: Circle, Abra). The biggest potential lies in FIAT to FIAT transactions through the Ethereum (or any other blockchain that has solved scalability and has smart contract capability).

Our goal is to be the gold standard of reputation and payments. And as for this moment we look at Ether and Ethereum based cryptocurrencies as a perfect niche to kickstart our traction and develop the product around the blockchain and smart contract capabilities. In not so distant future we see FIAT to FIAT currencies being processed through Ethereum blockchain and then the Decentralised Trust and Reputation will take its route of giving the merchant and the client a trust rating.

This will be remarkably important for the mass adoption
Regards,
Monetha Team

Deddod01,

Could you please specify your question, since we don't understand it.

Thanks,
Monetha Team

Hello dev, i see and read in every post member signature comment always ask bounty problem when in tread monetha it is clear reward bounty, rules, and how to follow bounty live in read only. That dev should discuss Decentralized reputation with built-in payments Monetha
 

A very interesting answer dev, but, because cryptocurrency currencies are still illegally folded in most countries, I think the future will become one of the obstacles in the trade decentralization of a country that implements illegal against currency transactions crrptocurrency. How do you think dev, if such a thing happens?

meaning if i join the signature bounty campaign today and have completed the required post I still can get the same amount of MTH compare to those who joined since the start? if yes. this is definitely a good news for those late joiners. thats good. they can all dump same amount


it will only appear like they have fiat gateway for users who aren't yet not into crypto.

Hi DEV, I don't understand why you need my data after ISO bounty, name, address?

I don't think having a paypal dude on the board is a positive.  Paypal is something I hate using everytime I use it because the fees are complicated and annoying.  Monetha just appears to be a way of trying to bring something to market on blockchain tech and charge very high price of 1.5%.  Whereas it should be alot cheeper and there are other Coins offering this already.

There will be no presale.

Regards,
Monetha Team

hello thank you. presale?

Hello NewbCoins, thanks for your question!

Monetha ICO will happen on August 31st, 2 PM GMT.

Regards,
Monetha Team

when ico date?

thanks.

Hello icyvolcano, thanks for your question!

To make it a little bit clear, here's an example:

Let's say the pool for signature and avatar bounty is 1000 MTH, and there are 10 people in this bounty program,  while they each have 10 stakes. 10 people * 10 stakes = 100 stakes in total. To see how much is one stake worth, the total amount in the pool must be divided by stakes (1000/100=10 MTH for 1 stake). That means, that one person will receive 100 MTH for his 10 stakes (10*10=100).

We hope that makes it more clear!
Monetha Team

Hi team,

In your official website, the bounty program refers to "stake". What does stake mean?

Translations:
- White Paper (350 stakes)
- Bitcointalk ANN (with new thread in Local community) (100 stakes) . That includes the translation of the ANN .PNG file and the texts that are above and below (not a part of the .png file).