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Interestingly, if you have this token we can make payments at online stores, hopefully in the future there will be more online stores that accept payment by using this token. success for the team
Thanks for your approval of the project - it's much appreciated. |
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Thank you for your welcome Monartis, I have signed up as a signature on this project for that I hope this project is successful and growing .. Good luck reaching the target!
Many thanks HunterBTC - great to hear your views! |
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Hi guys, Now is possible to make part of the Monartis discussion on the Portuguese Language. Official Monartis Token Thread translated and posted on Portuguese. Ready for discussion and to answer all your questions and curiosities related to the Monartis Token project. You guys are more than welcome to participate and join to this adventure without borders. Make part of the future with Monartis! São todos bem vindos ao nosso Tópico Português de Monartis TokenClick at this link to access and participate on our discussion. Hi rindo, Thank you very much for taking the time to make us aware of your work. |
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Certainly feels like the issue of energy consumption in relation to Bitcoin has been rising up the agenda and that change is probably needed sooner, rather than later.
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hi,
i am very happy to join this project, i want to ask. which online store is ready to join the monartist? please give me the address of the site, I want to see it.
thank you
Thank you, wim255. That's a great question: the answer is that the initial store will be operated from a Monartis-owned domain name. We hope to bring additional retailers on board, as outlined within our white paper: they will obviously have their own unique domain names. |
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Thanks for posting it here,the interview provide a lot of information about Monartis and I believe they passed it with flying colors this is a must read interview some if you want an insight and more details about their coming ico. We're certainly very pleased to have been selected for an interview on Crypto Currencies Hub and hope that the published article provides some useful information for the blog's audience. |
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What's the last day of Token Sale ?
Hi Immanuel10, The provisional date for the close of the Crowdfunding Campaign is 21 January. We'll provide updates here and also on the official Telegram group. |
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Are blockchain.info not going to be supporting Bitcoin Gold at all, or is it just that they've not yet distributed the coins to holders? It may be worth checking with their support team?
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Maybe the important element is now that you have failed, but it's how you react to that failure (taking lessons on board).
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I don't know whether the idea is viable but I do commend you for taking a creative approach, in search of a solution.
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Forgive me if this is answered in your white paper, but would the idea be that your platform would take a % of sales as commission from the authors who are signed up?
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How are people predicting future ETH price movements? It looks pretty volatile, looking at the historic data.
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There are a number of factors that appear to be contributing to the ongoing volatility that is observed, but chief among these may well be the relative youth of the marketplace and the products. One might assume that volatility will reduce over time, as the currencies mature.
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The reality may be none of us know which way Bitcoin is heading, but the potential applications for Bitcoin technology are such that this (the technology) is surely likely to stay and to develop in new areas.
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A product is judged by the team behind it, and I must say this project has a good chance to take off based on the expertise of the team behind this, but do you have a ready platform for this or are you going to integrate to an existing one.
Will follow this project and see how it goes.
Hi smyslov, Many thanks for your feedback and for your question. The online store is being constructed using an existing platform (Shopify), with a custom integration. We took the decision to follow such an approach after some deliberation. We ultimately decided not to build a bespoke platform for a number of reasons: 1. The resource requirement in developing such an approach would have been considerably greater. 2. There were already a number of existing platforms that could already meet the requirement for the construction of an online store. We opted to proceed with Shopify, but there were other platforms available that could have worked too. 3. Perhaps most importantly, if we'd created a bespoke system, then we'd have been faced with attempting to persuade retailers to use that system too. That 3rd point is critical. Since most retail partners will already have online stores running on existing e-commerce platforms, we believed that it was important that we should be able to integrate with those stores, rather than seeking to persuade retailers to overhaul their systems. Realistically, such persuasion would have been very difficult. By opting for Shopify, we have the means to offer rapid integration with numerous online stores worldwide. We believe that represents the best approach and we're pleased to see that the project is being rated highly by those who are carrying out assessments. |
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Hi bribed - thank you for your great question!
The online store integration will allow us three options at the outset (and the same will apply to other retailers adopting Monartis payments, via Shopify from the beginning and then from the additional e-commerce platforms over time). Those options are essentially:
1. Set pricing in MNT
2. Peg the price directly to another currency (eg the dollar, as you mention)
3. Peg the price directly to another currency (eg the dollar) and then apply a price modification
In the case of our initial store, we envisage using option 3. So to take how that will work in practice:
Product A might be priced at $50. We will perform the conversion into MNT and then discount, allowing us to shown an MNT price against the dollar price.
So, to take a hypothetical example, product A might cost the buyer $50 (in fiat), but only $45 (in MNT).
That pricing structure allows us to encourage use of MNT from the beginning, which is important for two reasons:
1. We want the currency to be in use. Offering discounts in our own store is one means of encouraging spending.
2. We want transactions flowing through our store from the outset. That's important for demonstrating to other retailers that the integration is successful and that consumers are willing to spending via MNT in a digital store
We hope that answers your question, but do feel free to ask for any further clarification that you might require.
Hi there, thanks for the detailed explanation. This cleared things up and makes sense to me. But you will still have to adapt prices in MNT if the value goes up or down right? I mean for example if product A is listed for $45 in MNT (lets say this would be 20 MNT) and one day later 1 MNT shoots up to $10 each, so you would have to adjust the pricing to 4,5 MNT for product A am I right? Nobody would buy product A anymore for 20 MNT because it would be equal to $200. Hi bribed Thank you for your follow up question. In answer to what you are asking here: yes, it will be possible for prices to be updated dynamically, based upon MNT fluctuations. There are effectively two available models for such changes: 1. Using live data, allowing immediate pricing updates to be performed at the time of the user search 2. Scheduled updates. For example, we (or another retailer) might choose to update pricing hourly The right model for an individual retailer is likely to depend upon their own preferences and the level of price volatility. If the price is particularly volatile at the outset, for example, then it's likely that live rates might be seen as providing the best option. |
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The concept sounds pretty interesting! One question though. Will the prices in the online store (as one is paying with MNT) be constantly changing due to volatility in the cryptomarket? I mean you cant peg the price to a certain amount of MNT right? Otherwise eighter buying the token is unattractive because its to expensive compared to the value of the products or the investors will rather use their MNT to buy the goods in the store than hold their MNT. So in conclusion, it would only make sense to peg the prices in the store to dollar value. But what would be the incentive to use the store then? Please evaluate a bit and correct me if I got something totally wrong here. All the good to you!
Hi bribed - thank you for your great question! The online store integration will allow us three options at the outset (and the same will apply to other retailers adopting Monartis payments, via Shopify from the beginning and then from the additional e-commerce platforms over time). Those options are essentially: 1. Set pricing in MNT 2. Peg the price directly to another currency (eg the dollar, as you mention) 3. Peg the price directly to another currency (eg the dollar) and then apply a price modification In the case of our initial store, we envisage using option 3. So to take how that will work in practice: Product A might be priced at $50. We will perform the conversion into MNT and then discount, allowing us to shown an MNT price against the dollar price. So, to take a hypothetical example, product A might cost the buyer $50 (in fiat), but only $45 (in MNT). That pricing structure allows us to encourage use of MNT from the beginning, which is important for two reasons: 1. We want the currency to be in use. Offering discounts in our own store is one means of encouraging spending. 2. We want transactions flowing through our store from the outset. That's important for demonstrating to other retailers that the integration is successful and that consumers are willing to spending via MNT in a digital store We hope that answers your question, but do feel free to ask for any further clarification that you might require. |
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What about the airdrop for this coin?
Hello Alex, Many thanks for your intervention on the thread. Monartis coins won't be released via an Airdrop. If you would like to read more about the project, then you can visit our website at www.monartis.comThanks again for your interest. |
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Hi everyone! Just added Monartis ICO to my website https://concourseq.io/Q/Monartis. ConcourseQ is a collaborative due dilligence community that researches and reviews ICOs. Anyone with an account can submit information to your page, so we are reaching out to this community to get you all involved in the discussion. Thanks! (PS: Team welcome to add sale details) Thank you for taking the time to reach out here. We'd be very happy to provide further information to assist with: would you like us to provide that here at Bitcointalk, or via another avenue? |
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