What is Monetha?

Monetha (MTH) is a native token of a peer-to-peer payment platform based on Ethereum technology.

A distinctive feature of Monetha is the presence of a built-in decentralized reputation assessment system based on a smart contract. It means that when the transaction is completed, the seller and the buyer can evaluate each other. Important information about the transaction (for example, about the provided guarantee) is recorded in the blockchain. As a result, each seller and buyer will have their own trust rating and reviews.

In addition to great reliability, Monetha developers have made their payment gateway cheaper to use than traditional solutions - instead of the usual 2% -6% commission, the transaction fee here is only 1.5%.

Monetha's decentralized trust and reputation solution enables mobile payments to be processed using Ethereum smart contract technology. Thus, these payments can be accepted, processed cheaper and faster.

Now the Monetha project is in the process of shifting its focus from peer-to-peer payments to self-sovereign identity.

Where did Monetha come from?

The use of Monetha (MTH) as a full-fledged product in the cryptocurrency market began in January 2017. Several minds collaborated and created a product that would meet the requirements and wishes of netizens. The author of the project is Andrej Ruckij - he previously headed the product development department of the Adform company. His ideas were also used to run Agile Mindstorm, a blog popular among certain people.

Developers of Monetha want to establish a global trusted e-commerce reputation checking ecosystem. This is beneficial for both buyers and sellers as it removes the problem of buying a pig in a poke and allows people to transparently assess their previous experience.

What are the advantages of Monetha?

  • High transaction speed.
  • High level of security.
  • A dynamic rating system that allows people to work with trusted sellers.

What are the disadvantages of Monetha?

  • There is no way to instantly withdraw tokens without going public.
  • Dependence on Ethereum.

How to buy Monetha on SimpleSwap?

If you have a desire to purchase Monetha, we invite you to visit the SimpleSwap homepage and follow the instructions below:

  • Choose the currency you want to exchange (e.g. BTC) in the first drop-down list. Enter the amount you would like to swap.
  • Select MTH in the second drop-down list. You will see the estimated amount that you will receive after the exchange.
  • Enter the Recipient's Address. Monetha will be sent to this address. Be careful and make sure you use the correct address.
  • Check all the information you have entered. If everything is correct click the Exchange button.
  • You will see the Bitcoin deposit address. You need to transfer the necessary amount of BTC to this address to start the exchange.

Thank you for reading the information about the Monetha token!