Monetha (MTH) cryptocurrency
Monetha (MTH) is the 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 on based on a smart contract. This means that when the transaction is completed, the seller and buyer can evaluate each other. Important information about the transaction (for example, the guarantee provided) is recorded on the blockchain. As a result, each seller and buyer will have their own trust rating and reviews.
In addition to great reliability, the Monetha developers have made their payment gateway cheaper to use than traditional solutions - instead of the usual 2%-6% commission, a commission for the transaction here is only 1.5%.
Monetha's decentralized trust and reputation solution allows mobile payments to be processed using Ethereum smart contract technology. Thus, these payments can be accepted, processed cheaper and faster.
The Monetha project is now in the process of shifting its focus from peer-to-peer payments to sovereign identity.
Monetha (MTH) Review
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 meets the needs and wishes of netizens. The author of the project, Andrey Rutsky, previously headed the product development department of Adform. His ideas were also used to run Agile Mindstorm, a popular blog among certain people.
The developers of Monetha want to create a global, trusted e-commerce reputation verification ecosystem. This benefits both buyers and sellers as it removes the problem of buying a pig in a poke and allows people to transparently evaluate their previous experience.
Benefits of Monetha (MTH)
- High transaction speed.
- High level of security.
- Dynamic rating system that allows people to work with trusted sellers .
Disadvantages of Monetha (MTH)
- It is impossible to instantly withdraw tokens without going to the exchange .
- Dependency on Ethereum.
