Topic: [ANN] [ICO] MONETHA - Decentralised reputation with built-in payments - page 58. (Read 187491 times)

What a week it has been with the First Product Milestone already completed! This and much more are waiting for you in the 31st Week in Review!

https://www.youtube.com/watch?v=cD9omSvD_SA

It could grow if this is marketed really well. Plus, in crypto, more people are concerned with the token price rather than what we get here. Now with MTH token specification, for example, almost 20% of MTH token supply are inside the lock period of the monetha smart contract. Those 20% can't interrupt with the market. Making possibly the price even higher.

What i meant was, the discounts/vouchers you give out have to come from somewhere, no merchant gives out free vouchers which means it has to come out of monetha pocket ? correct me if i'm wrong.

So you described the system for redeeming vouchers as follows @Monetha.io

"I just copy the statements from our whitepaper about our incentive program:
"This voucher will be redeemable if you transfer your MTH tokens to the smart contract address on the 1st day of every month. Then, within the 24 hour window, your MTH tokens will be returned to your wallet. You will be able to accumulate your voucher each month and spend the amount you collected over the 6 month period in the Monetha’s ecosystem. Each month’s collected MTH voucher will be viable to spend for the upcoming 6 months. Unclaimed/unused revenue from vouchers will be put in a pool for the next month. The MTH voucher is not compare to the MTH token. The voucher is not transferable, cannot be sold and can only be used for purchasing discounted goods on the Monetha Platform."

This seems extremely risky  and troublesome and there would also be a fee to send the tokens over the ether network (which is also becoming more costly as ethereums price increases and the networks demands increase due to larger traffic ).

Will there be a better system to redeem vouchers eventually ?

My main concern is  risking  potentially tens of thousands of dollars worth of tokens or more, by sending them out once a month, to receive a 20 dollar voucher or whatever it is ?

There really is no way around it imho if you make it that difficult to redeem vouchers then it is obvious that such a method is simply to discourage anyone from actually receiving a voucher . I mean its unheard of who does business like that , just imagine if a retailer advertised that it will give vouchers away to any of its share holders as long as you transfer them to an account of there choice ? Did your company consult the ethiopian prince who has  millions squirrelled away in his royal bank account but just needs a thousand dollars to release it, on this method for redeeming vouchers ?

I really have alot of respect for monetha and especially the transparent reports and great social releases from Justas Pikelis  but unfortunately this method for redeeming vouchers has me questioning everything about monetha . Tbh the one thing about monetha that always troubled me the most was the incentive to invest in monetha as a return on investment ie what sort of dividends would coin holders receive , Getting a voucher to spend as a return never really impressed me that much and I simply thought the company itself and the merchant interface would make the coin valuable . Nevertheless even though its a great idea if the coin cannot benefit me why would I hold it . Many coins simply provide a  service without any dividends so a voucher is better then nothing , although making it so difficult to redeem is bad PR ultimately because it seems like all the hoops you have to go through are a deterrent due to reluctance to give out vouchers . Wouldn't it have been easier just to make it once a blue moon while standing on tip toes, if you can thread a elephant through the eye of a needle while taking a selfie and send it to us we will give you a voucher !

Yes I agree With You that the Monetha is large project, the whale usually spend much time to dump the price of token below the ICO price for long time. So,it is  sure that at the end of the day the price will settle for a steady growth.

Can you clarify your question? What do you have in mind discount?

So you'll start giving discounts from the 1,5% fee you take from platform users ?

I just copy the statements from our whitepaper about our incentive program:
"This voucher will be redeemable if you transfer your MTH tokens to the smart contract address on the 1st day of every month. Then, within the 24 hour window, your MTH tokens will be returned to your wallet. You will be able to accumulate your voucher each month and spend the amount you collected over the 6 month period in the Monetha’s ecosystem. Each month’s collected MTH voucher will be viable to spend for the upcoming 6 months. Unclaimed/unused revenue from vouchers will be put in a pool for the next month. The MTH voucher is not compare to the MTH token. The voucher is not transferable, cannot be sold and can only be used for purchasing discounted goods on the Monetha Platform."
Those claimed vouchers will be keeped on a Monetha's platform.


We suggest you read the same answer above where we copied the statement from our whitepaper where you will find the answer to your question.

Ever wondered how to buy MTH Tokens? Now, you know! Take a look at this newly posted guide on how to acquire Monetha Tokens.

https://blog.monetha.io/guide-buy-mth-tokens/

Hey, thank you for the info.

Regarding the MTH holders, It would be nice if you could make a POS system too. What I mean is, It will be nice we could not only use the MTH tokens as voucher but rather to keep it for our self as tokens. Is that possible?

FIRST PRODUCT MILESTONE - COMPLETED!

Video: https://www.youtube.com/watch?v=LlfXBx131lc

Text: https://blog.monetha.io/first-product-milestone-compeled/

Question how do you claim your vouchers is this proof of stake? Do you just keep in a either wallet or on platform? And what day of month do you claim vouchers? and for what holding period, monthly, quarterly, yearly?

Sounds like PoS, hold MTH to accumulate more of it, love it!

I am keeping MTH, hope it will be good in 2018. Good luck to all

Monetha has decided to increase the purchase value of the MTH on the Monetha platform, by shifting ⅓ of Monetha’s revenue in the “Voucher Smart contract” with an ability to claim for a voucher proportionately to the amount of MTH tokens that they hold. Token holders will receive a voucher in MTH (Monetha’s currency) to use it as a discount when shopping with Monetha’s merchants. This voucher would be proportional to the amount of the MTH tokens held.

There is a surprise with the MVP launch today and the team is yet to disclose more about it.The price has triggered a bit with this news and getting your bags filled by now should be completed.

MVP didn't have a much impact on the price and the max it went was 4500 sat.The launch should be a big factor in the case of price movement.I am expecting somewhere around 15000-20000 sat price for each MTH.

Good to see that MTH is doing alright after a loooong dip.

Looking forward to the launch

Errors’ worst nightmare, his name is Liudas and he is a QA Engineer, get to know him more in this Monethian Interview!

https://blog.monetha.io/interview-monethas-qa-engineer-liudas/

Is there more information about the incentive program, what would the diffrent benefits br between someone who holds say 5000 and 50000 tokens?