Monetha is a digital identity designed to facilitate and secure your digital world interactions while allowing users to utilize the value of their data.
What is Monetha (MTH)?
The Monetha payment platform operates on the Ethereum Blockchain and is founded on the belief that trust, reputation, and transparency are invisible but fundamental elements of e-commerce. The Monetha team views the existing e-commerce ecosystem as functionally sound, yet ultimately flawed from both business and customer perspectives. Monetha aims to address four main issues identified in its whitepaper:
- Lack of a trust-based verification system in commercial transactions
- Lengthy and expensive payment processes
- Poor knowledge and accessibility of the Ethereum-based economy
- Prevalence of fraud in e-commerce
Monetha’s solution involves recording each commercial transaction, enabling businesses and customers to “verify” each other before transacting. Monetha aims to make a seller’s history easily verifiable by the user to build trust. Businesses’ previous records serve as a seal of quality, eliminating the need for trust-testing each time a new customer approaches a seller. The Monetha team believes that trust is a rare commodity today and can be easily destroyed. Reputation is another abstract concept that a seller can “transfer” across platforms with Monetha’s help.
One of Monetha’s many goals is to reduce the number of normal and “hidden” fees prevalent in traditional e-commerce systems. Thus, Monetha only charges 1.5% of the total transaction value per month. Additionally, Monetha seeks to eliminate high chargeback fees by allowing businesses to return the money after paying a standard transaction fee.
Monetha offers various benefits to sellers and customers through its native cryptocurrency, MTH coin:
- No minimum fee
- No holding period set by third-party payment processors
- No foreign exchange fee
- Each purchase on the Monetha platform rewards the buyer with 0.2% of the transaction value in Monetha tokens (MTH), part of the loyalty pool.
- Monetha tokens can be used for purchases made with the Monetha wallet within a six-month period, similar to credit card point rewards.
As of the writing of this article, according to CoinMarketCap data, Monetha is ranked 771st with a market capitalization of 15,395,659 dollars. Additionally, the Monetha Coin, trading at 0.0382 USD against the dollar, has a 24-hour trading volume of 1,523,761 dollars.
Trading at 0.0000006992 BTC against Bitcoin, Monetha Coin saw its lowest level at 0.0031 dollars on March 13, 2020, and its record high of 0.6467 dollars on January 11, 2018. Currently, there are 402,400,000 Monetha Coins in circulation, and this number is also the maximum supply of Monetha Coins.
Where to Buy MTH Coin?
MTH Coin can be quickly and securely purchased via Binance, the world’s largest cryptocurrency trading platform in terms of trading volume.
To buy MTH Coin, one must first register with Binance and then transfer fiat currency. After sending a fiat currency like dollars, one can buy Bitcoin (BTC) and then perform the purchase transaction in the MTH trading pair.
In addition, on Binance, users can place buy orders not only at market value but also at a lower value. To do this, use the Limit tab and simply enter the amount you want to buy and the price you want to buy at.
