Monetha ICO, Token sale August 31st

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What is Monetha?

Decentralised trust and reputation

Commerce and trust need each other, but current systems are complicated. We use smart contracts to simplify the relationship.

What does it do?

Our decentralised trust and reputation system (DTRS), powered by smart contracts, works flawlessly with Monetha’s payment processor. We let the buyer see trustworthy and transparent reviews made by previous customers.

How does it work?

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

Creating a decentralised commerce of trust

This is revolutionary. Based on the information saved during the transaction, 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.

Generally up to 5x cheaper

Traditional payment gateways take up to 15 different type of fees. With a transaction fee ranging from 2% to 6%. By using the Ethereum blockchain, “Monetha” will have single step and one fee only: a transaction fee of 1.5%.

Up to x10.000 faster

Most people are unaware of just how many stages there are involved in a single VISA or Mastercard transaction. An accepted transaction is only the beginning of a long sequence of intermediary transfers before it lands in the merchant’s bank account days or weeks later. Time is money, which is why Monetha transacts in a matter of seconds. No intermediaries. Just you and the customer.

Decentralised trust and reputation

By using the Ethereum blockchain, Monetha will make commerce transparent and trustful. Monetha’s Decentralised Trust and Reputation System is minimising the possibility of an unreliable commerce for both the merchant and the client.

Payments have never been so fast

Traditional payment systems require up to 16 different steps to settle just one transaction, which carries high fees. With the presence of blockchain technology, this is now unnecessarily complex. Monetha replaces it with just one step, and one fee.

Visit Monetha.io for more info about this project and coming ICO

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