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Author Topic: [ANN] [ICO] MONETHA - Decentralised reputation with built-in payments  (Read 187428 times)
CrytpoGod27
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October 09, 2017, 03:30:59 PM
 #2361

Dear monetha team.
I hope now that you guys take us serious
We - the community/investors are angry because you raised 35 mil in 18 minutes and you didnt keep your promise about being listed on major exchanges 2-4 after ico
Many people are not interested in Monetha anymore
Your first mistake was not to get listed on Liqui on day 1
This exchange is perfect for new Ico coins
The hype was so big. It could hit 1$ in 2 weeks after first good exchange
And dont tell me that you guys dont care about the price
You guys have milestones on your website

But the hype is over now.
I hope you will use money to get listed on good exchanges
Something like Binance,Bittrex,Poliniex,Kraken,Bitfinex

Not exchanges like ShitBTC, tidex ,spandex or whatever

They don't care about you investors. They have their money now and will most likely take a vacation. Justinas is already back clubbing now that he has his money.
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Atiilaa
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October 09, 2017, 03:37:22 PM
 #2362

If payment with monetha is ethereum based how are they actually gonna deal with scalability if ethereum cant even handle heavy ICO traffic? (now)

we acknowledge the fact that Ethereum at the moment is not as scalable as it should be. But as you probably know, the switch to Casper is coming soon, or it could be a switch to Plasma (read more at: plasma.io), that may solve scalability issues. Switching to Casper will (probably) result in more transactions per second on the Ethereum network. The algorithm also accommodates faster block times compared to using the proof-of-work algorithm currently in place. This will also have an impact on the network’s gas prices, which will increase and decrease based on how much the network’s validators can handle comfortably. At the same time, state channel allows to put more transactions into one block, resulting in decrease of cost per transaction. If Casper and State Channel works as it is promised to work, Ethereum should not face scalability issues. Which results in much cheaper and faster Peer-to-Peer transactions for merchants while utilising the blockchain technology. Which also results in scalable technology on which products such as Monetha can be build.

Even having all these facts above, we still have to acknowledge the fact that the biggest risk is Ethereum being able to deliver on Casper and State Channel technology, because payment gateway (as any other blockchain based companies) needs a scalable blockchain technology to make a real impact.

On the other hand, we should also mention, that Monetha is a blockchain agnostic solution, which basically means that we need a blockchain that has a smart contract capability and which is scalable to run our product. So, in case Ethereum will not able to solve the scalability issues (or even if it will), we will be able to migrate to other blockchains, for example Tezos, or any other blockchain that has solved scalability issues and has a smart contract capability.

To add a point, we think it is very important to start now (and as a result take more risks) in order to be able to take a pole position and be the first mover (as PayPal was in pioneering the online money transfers in the early 2000s) in creating a next generation payment processing solution combined with a decentralised trust and reputation for global commerce. If we start when all the scaling problems blockchain technology now faces are solved, it would be too late.

Hope that answers your question!
Bonanzacoin
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October 09, 2017, 03:42:56 PM
 #2363

Tx!

Now remember Waltonchain is allready huge, but is currently listed ONLY ON BINANCE  (and 2 smaller) and is allready out there longer
Atiilaa
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October 09, 2017, 03:44:28 PM
 #2364

Tx!

Now remember Waltonchain is allready huge, but is currently listed ONLY ON BINANCE  (and 2 smaller) and is allready out there longer

Yeah but binance is exchange with good volume for alts
Monetha dont have good exchanges
grovepixels
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October 09, 2017, 03:55:16 PM
 #2365

Tx!

Now remember Waltonchain is allready huge, but is currently listed ONLY ON BINANCE  (and 2 smaller) and is allready out there longer

Yeah but binance is exchange with good volume for alts
Monetha dont have good exchanges

They think the new office can help them get listed on exchanges.
SonaraBeta
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October 09, 2017, 04:06:12 PM
 #2366

Team!! You need to pay for the damn exchange, you must keep your word if you will cheat, and this time, you will lose all investors
CobraJ
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ch4534ch3ckn3v3rch453481tch


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October 09, 2017, 04:15:04 PM
 #2367

Relax. Let's wait to hear from binance coin if october. If no binance can pay liqui or polo.

A distributed system attempts to access an API data source, but since the nodes need not execute the instructions simultaneously, the data provided by the API can yield different results. Hence you need to build some kind of time to API value lookup table; formally called oracle.
Atiilaa
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October 09, 2017, 04:20:18 PM
 #2368

Relax. Let's wait to hear from binance coin if october. If no binance can pay liqui or polo.

Im sure they dont want to pay
LiskQH
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October 09, 2017, 04:27:36 PM
 #2369

Relax. Let's wait to hear from binance coin if october. If no binance can pay liqui or polo.

Im sure they dont want to pay

If they aren't going to pay for exchanges. That they don't fit in crypto. They have a responsibility to investors.

Besides they have specified that they have allocated 12% of ALL COINS on.

% of tokens generated to bounty    12%
campaign, advisors, partners, ICO
campaign costs


Have to enter it payment of listing at the largest exchanges. If they refuse to make it. It will be obvious fraud.
12% of all coins are about 7 million dollars.
These skunks have money.
bambarmia
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October 09, 2017, 04:34:16 PM
 #2370

Great ! The CEO is a former stripper and porn actor, there are no development news, just a weekly YouTube interview with stripper called Justas. This project is the clear example how greedy and stupid people are investing millions in just a white-paper with issued ERC20 tokens via Ethereum which are scam because it means that the team didn't even have the technical abilities to actually release their own platform ! Plus some celebrities pictures as advisors attached !  And this guys collected 38 million dollars. Fuckin hell... For the half of this money I will bring you Donald Trump as an advisor and Melania Trump  as a PR manager of the project.
Monetha.io
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October 09, 2017, 05:29:17 PM
 #2371

We appreciate everyone's input about Binance listing. Currently, the co-founders are exploring all the listing options, which includes Binance and other exchanges. We understand that getting listed on exchanges with a big volume is both a benefit for Monetha and for Monetha's investors, which is why we will keep you updated on any news about exchange listings.

▬▬▬▬▬▬ MONETHADecentralised Trust and Reputation with Built-In PaymentsMONETHA ▬▬▬▬▬▬
funsponge
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October 09, 2017, 05:38:34 PM
 #2372

I'm so pleased I was right. I was saying for weeks on the slack that the Monetha vouchers are worthless and that the team would take your money and not be bothered about vouchers bag  holders.

The tokens you have bought are really worthless! They will be used as vouchers once it's all made in a few years! You have all been conned and left holding the baby! If you took your time to read the small print you would have seen it coming. Take this as a lesson learn guys.
mehar_gee
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October 09, 2017, 05:48:32 PM
 #2373

I'm so pleased I was right. I was saying for weeks on the slack that the Monetha vouchers are worthless and that the team would take your money and not be bothered about vouchers bag  holders.

The tokens you have bought are really worthless! They will be used as vouchers once it's all made in a few years! You have all been conned and left holding the baby! If you took your time to read the small print you would have seen it coming. Take this as a lesson learn guys.
you mean to say that the monetha contributors are in loss now
there is no way for profit for monetha holders and all of their eth spent in ICO of monetha is just gone means loss
i already buy some amount from etherdelta and hold it. for just incase
but after reading this thread i think its not going at the right way
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October 09, 2017, 05:53:43 PM
Last edit: October 09, 2017, 06:03:48 PM by funsponge
 #2374

I'm so pleased I was right. I was saying for weeks on the slack that the Monetha vouchers are worthless and that the team would take your money and not be bothered about vouchers bag  holders.

The tokens you have bought are really worthless! They will be used as vouchers once it's all made in a few years! You have all been conned and left holding the baby! If you took your time to read the small print you would have seen it coming. Take this as a lesson learn guys.
you mean to say that the monetha contributors are in loss now
there is no way for profit for monetha holders and all of their eth spent in ICO of monetha is just gone means loss
i already buy some amount from etherdelta and hold it. for just incase
but after reading this thread i think its not going at the right way

They needed the funds to develop the payment system they are planning and probably will develop , I'm not saying they won't do that. But what you have been given, these Monetha tokens are useless as they will just act as vouchers once the payment system is up and running! You haven't bought shares or a % of the company. They wanted your cash and in exchange have given you coupons for their project once it's up and running. Monetha vouchers/tokens are not needed for the future of the project. The team don't need them for it to be successful. You don't have to own Monetha vouchers/tokens to use the platform.
So ask yourself, why would anyone want to own them?

Example -
For Bitbay marketplace you need to own Bitbay
For Edgeless casino you need to own Edgeless Tokens
For Monetha you don't need Monetha. So how is it going to be worth anything
Monetha.io
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October 09, 2017, 06:04:03 PM
 #2375

They needed the funds to develop the payment system they are planning and probably will develop , I'm not saying they won't do that. But what you have been given, these Monetha tokens are useless as they will just act as vouchers once the payment system is up and running! You haven't bought shares or a % of the company. They wanted your cash and in exchange have given you coupons for their project once it's up and running. Monetha vouchers/tokens are not needed for the future of the project. The team don't need them for it to be successful. You don't have to own Monetha vouchers/tokens to use the platform.
So ask yourself, why would anyone want to own them?

Example -
For Bitbay marketplace you need to own Bitbay
For Edgeless casino you need to own Edgeless Tokens
For Monetha you need . . . Oh wait 😬


Hello funsponge, thanks for your question.

Below are two answers from our community members that have provided the clearest answer:
“my reason as an investor for wanting to invest in Monetha is to gain the MTH tokens, which  I’m hoping one day there would be a huge array of merchants and people who use Monetha. So I’m kinda always given “free" or heavily discounted stuff because I’m a MTH holder. And eventually these vouchers would be attractive enough for people, who are not yet MTH holders, to want to get MTH tokens, so that they can get access to these vouchers for discounts and free stuff.”

Or, what another member on Telegram said it: “I see the token vs voucher question in the following way: You buy MTH TOKENS to contribute the platform and later maybe to pay with it. For your contribution you will get tradable + spendable tokens and later when the platform is major enough and generate revenue, you will get as EXTRA also a voucher (like an Amazon or Steam) which is spendable only. Of course vouchers require a wide/strong support of the platform, which, I guess, is expected by all the ICO contributors. If you only contribute to make quick money on an exchange, forget the vouchers and be happy with the skyrocketing token price :wink: Where you can spend MTH tokens, there you can spend also the voucher.”

Regards,
Monetha Team

▬▬▬▬▬▬ MONETHADecentralised Trust and Reputation with Built-In PaymentsMONETHA ▬▬▬▬▬▬
Atiilaa
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October 09, 2017, 06:25:50 PM
 #2376

They needed the funds to develop the payment system they are planning and probably will develop , I'm not saying they won't do that. But what you have been given, these Monetha tokens are useless as they will just act as vouchers once the payment system is up and running! You haven't bought shares or a % of the company. They wanted your cash and in exchange have given you coupons for their project once it's up and running. Monetha vouchers/tokens are not needed for the future of the project. The team don't need them for it to be successful. You don't have to own Monetha vouchers/tokens to use the platform.
So ask yourself, why would anyone want to own them?

Example -
For Bitbay marketplace you need to own Bitbay
For Edgeless casino you need to own Edgeless Tokens
For Monetha you need . . . Oh wait 😬


Hello funsponge, thanks for your question.

Below are two answers from our community members that have provided the clearest answer:
“my reason as an investor for wanting to invest in Monetha is to gain the MTH tokens, which  I’m hoping one day there would be a huge array of merchants and people who use Monetha. So I’m kinda always given “free" or heavily discounted stuff because I’m a MTH holder. And eventually these vouchers would be attractive enough for people, who are not yet MTH holders, to want to get MTH tokens, so that they can get access to these vouchers for discounts and free stuff.”

Or, what another member on Telegram said it: “I see the token vs voucher question in the following way: You buy MTH TOKENS to contribute the platform and later maybe to pay with it. For your contribution you will get tradable + spendable tokens and later when the platform is major enough and generate revenue, you will get as EXTRA also a voucher (like an Amazon or Steam) which is spendable only. Of course vouchers require a wide/strong support of the platform, which, I guess, is expected by all the ICO contributors. If you only contribute to make quick money on an exchange, forget the vouchers and be happy with the skyrocketing token price :wink: Where you can spend MTH tokens, there you can spend also the voucher.”

Regards,
Monetha Team

Skyrocketing... token... price...
Did you really say that ?
Its more like Failed North Korean rocket test
rudystyle
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October 09, 2017, 06:33:56 PM
 #2377

They needed the funds to develop the payment system they are planning and probably will develop , I'm not saying they won't do that. But what you have been given, these Monetha tokens are useless as they will just act as vouchers once the payment system is up and running! You haven't bought shares or a % of the company. They wanted your cash and in exchange have given you coupons for their project once it's up and running. Monetha vouchers/tokens are not needed for the future of the project. The team don't need them for it to be successful. You don't have to own Monetha vouchers/tokens to use the platform.
So ask yourself, why would anyone want to own them?

Example -
For Bitbay marketplace you need to own Bitbay
For Edgeless casino you need to own Edgeless Tokens
For Monetha you need . . . Oh wait 😬


Hello funsponge, thanks for your question.

Below are two answers from our community members that have provided the clearest answer:
“my reason as an investor for wanting to invest in Monetha is to gain the MTH tokens, which  I’m hoping one day there would be a huge array of merchants and people who use Monetha. So I’m kinda always given “free" or heavily discounted stuff because I’m a MTH holder. And eventually these vouchers would be attractive enough for people, who are not yet MTH holders, to want to get MTH tokens, so that they can get access to these vouchers for discounts and free stuff.”


Or, what another member on Telegram said it: “I see the token vs voucher question in the following way: You buy MTH TOKENS to contribute the platform and later maybe to pay with it. For your contribution you will get tradable + spendable tokens and later when the platform is major enough and generate revenue, you will get as EXTRA also a voucher (like an Amazon or Steam) which is spendable only. Of course vouchers require a wide/strong support of the platform, which, I guess, is expected by all the ICO contributors. If you only contribute to make quick money on an exchange, forget the vouchers and be happy with the skyrocketing token price :wink: Where you can spend MTH tokens, there you can spend also the voucher.”

Regards,
Monetha Team

Skyrocketing... token... price...
Did you really say that ?
Its more like Failed North Korean rocket test

lol maybe it's the founders who got 50% of the monetha tokens for free. Surely they will get a bucket load of vouchers and when you get free tokens, 10 cents is like an infinite gain.

timbereagle
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October 09, 2017, 06:35:06 PM
 #2378

Guys,

sooner or later (probably in few weeks) MTh will big bigger exchanges.

Just understand that management tried to get it free instead of paying ~~30K USD.

It will be paid (as there is no other way to get free anymore) and we will see MTH in bigger exchanges and all you sellers will be crying about missed opportunity.
grovepixels
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October 09, 2017, 06:38:22 PM
 #2379

I sold all mine. Stay away from this shit. I will never buy back. 4 weeks for a major exchange? They promised it, then they called "SHITBTC" is a major exchange. They lied and treated to we investors like kids.
Atiilaa
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October 09, 2017, 06:57:47 PM
 #2380

Guys,

sooner or later (probably in few weeks) MTh will big bigger exchanges.

Just understand that management tried to get it free instead of paying ~~30K USD.

It will be paid (as there is no other way to get free anymore) and we will see MTH in bigger exchanges and all you sellers will be crying about missed opportunity.

First i tought .. i will sell it when it hits 3$
Now i am praying in every religion to hope that it hit 1$
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