|
Monetha.io
|
 |
January 22, 2018, 08:03:53 AM |
|
So you'll start giving discounts from the 1,5% fee you take from platform users ?
Can you clarify your question? What do you have in mind discount? |
|
|
|
|
|
|
|
|
"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
kevingreen
|
|
January 22, 2018, 09:04:04 AM |
|
Finally, monetha deserve a way higher price than this.. I pretty sure this last dip was manipulated by whales, and now they started pushing again  For a large and hype project as Monetha, the whale usually spend much time to dump the price of token below the ICO price for long time. Example recently, I have invested in DENT and the price of this token also below the ICO price in 6 months, but just by a big pump, it has increased 100x  Yes I agree With You that the Monetha is large project, the whale usually spend much time to dump the price of token below the ICO price for long time. So,it is sure that at the end of the day the price will settle for a steady growth. |
|
|
|
|
vamsi108
Newbie
 Offline
Activity: 5
Merit: 0
|
|
January 22, 2018, 03:50:52 PM
Last edit: January 22, 2018, 04:24:57 PM by vamsi108 |
|
So you described the system for redeeming vouchers as follows @Monetha.io "I just copy the statements from our whitepaper about our incentive program: "This voucher will be redeemable if you transfer your MTH tokens to the smart contract address on the 1st day of every month. Then, within the 24 hour window, your MTH tokens will be returned to your wallet. You will be able to accumulate your voucher each month and spend the amount you collected over the 6 month period in the Monetha’s ecosystem. Each month’s collected MTH voucher will be viable to spend for the upcoming 6 months. Unclaimed/unused revenue from vouchers will be put in a pool for the next month. The MTH voucher is not compare to the MTH token. The voucher is not transferable, cannot be sold and can only be used for purchasing discounted goods on the Monetha Platform." This seems extremely risky and troublesome and there would also be a fee to send the tokens over the ether network (which is also becoming more costly as ethereums price increases and the networks demands increase due to larger traffic ). Will there be a better system to redeem vouchers eventually ?  My main concern is risking potentially tens of thousands of dollars worth of tokens or more, by sending them out once a month, to receive a 20 dollar voucher or whatever it is ? There really is no way around it imho if you make it that difficult to redeem vouchers then it is obvious that such a method is simply to discourage anyone from actually receiving a voucher . I mean its unheard of who does business like that , just imagine if a retailer advertised that it will give vouchers away to any of its share holders as long as you transfer them to an account of there choice ? Did your company consult the ethiopian prince who has millions squirrelled away in his royal bank account but just needs a thousand dollars to release it, on this method for redeeming vouchers ? I really have alot of respect for monetha and especially the transparent reports and great social releases from Justas Pikelis but unfortunately this method for redeeming vouchers has me questioning everything about monetha . Tbh the one thing about monetha that always troubled me the most was the incentive to invest in monetha as a return on investment ie what sort of dividends would coin holders receive , Getting a voucher to spend as a return never really impressed me that much and I simply thought the company itself and the merchant interface would make the coin valuable . Nevertheless even though its a great idea if the coin cannot benefit me why would I hold it . Many coins simply provide a service without any dividends so a voucher is better then nothing , although making it so difficult to redeem is bad PR ultimately because it seems like all the hoops you have to go through are a deterrent due to reluctance to give out vouchers . Wouldn't it have been easier just to make it once a blue moon while standing on tip toes, if you can thread a elephant through the eye of a needle while taking a selfie and send it to us we will give you a voucher ! |
|
|
|
|
Ezzoud
Newbie
Offline
Activity: 14
Merit: 0
|
|
January 22, 2018, 03:58:30 PM |
|
So you'll start giving discounts from the 1,5% fee you take from platform users ?
Can you clarify your question? What do you have in mind discount? What i meant was, the discounts/vouchers you give out have to come from somewhere, no merchant gives out free vouchers which means it has to come out of monetha pocket ? correct me if i'm wrong. |
|
|
|
|
revenant2017
Sr. Member
Offline
Activity: 728
Merit: 252
Healing Galing
|
|
January 22, 2018, 04:06:14 PM |
|
So you described the system for redeeming vouchers as follows @Monetha.io "I just copy the statements from our whitepaper about our incentive program: "This voucher will be redeemable if you transfer your MTH tokens to the smart contract address on the 1st day of every month. Then, within the 24 hour window, your MTH tokens will be returned to your wallet. You will be able to accumulate your voucher each month and spend the amount you collected over the 6 month period in the Monetha’s ecosystem. Each month’s collected MTH voucher will be viable to spend for the upcoming 6 months. Unclaimed/unused revenue from vouchers will be put in a pool for the next month. The MTH voucher is not compare to the MTH token. The voucher is not transferable, cannot be sold and can only be used for purchasing discounted goods on the Monetha Platform." This seems extremely risky and troublesome and there would also be a fee to send the tokens over the ether network (which is also becoming more costly as ethereums price increases and the networks demands increase due to larger traffic ). Will there be a better system to redeem vouchers eventually ? My main concern is risking potentially tens of thousands of dollars worth of tokens or more, by sending them out once a month, to receive a 20 dollar voucher or whatever it is ? It could grow if this is marketed really well. Plus, in crypto, more people are concerned with the token price rather than what we get here. Now with MTH token specification, for example, almost 20% of MTH token supply are inside the lock period of the monetha smart contract. Those 20% can't interrupt with the market. Making possibly the price even higher. |
|
|
|
|
|
|
vamsi108
Newbie
Offline
Activity: 5
Merit: 0
|
|
January 22, 2018, 04:37:59 PM |
|
Yes but what about my question, will there be an easier way to redeem vouchers then standing on tip toes , while threading an elephant through a needle and taking a selfie on a blue moon to redeem vouchers ? |
|
|
|
|
|
sonerbo
|
|
January 22, 2018, 05:38:27 PM |
|
really someone need to read to buy token from an exchange. come onn |
|
|
|
|
|
Monetha.io
|
|
January 23, 2018, 01:02:36 PM |
|
Yes but what about my question, will there be an easier way to redeem vouchers then standing on tip toes , while threading an elephant through a needle and taking a selfie on a blue moon to redeem vouchers ? We understand that our presented way for the redemption of vouchers isn't very convenient, thus we are working on creating easier and more flawlessly process for claiming vouchers. |
|
|
|
StacyKo
Newbie
Offline
Activity: 56
Merit: 0
|
|
January 23, 2018, 01:06:55 PM |
|
Be wise before investing in a particular altcoin and among them I think MTH's altcoin will probably grow very well and be able to beat many other payment projects in the future. If MTH is listed on larger exchanges then MTH may be able to x5 for a short time
|
|
|
|
|
|
|
revenant2017
Sr. Member
Offline
Activity: 728
Merit: 252
Healing Galing
|
|
January 23, 2018, 04:43:42 PM |
|
Be wise before investing in a particular altcoin and among them I think MTH's altcoin will probably grow very well and be able to beat many other payment projects in the future. If MTH is listed on larger exchanges then MTH may be able to x5 for a short time
I would like to point out on what you've said about exchange. Monetha is listed on large exchange. Among them are the hongkong based exchange, Binance. Which is now at the top 5 exchange with most volume. Other exchange like OKEx are also large exchanges. Others like KuCoin is also a growing exchange. |
|
|
|
|
|
Bonanzacoin
|
|
January 23, 2018, 10:20:05 PM |
|
Congrats. Tell me i wasnt right... |
|
|
|
|
|
CryptoGorilla
|
|
January 24, 2018, 07:57:55 AM |
|
Congrats. Tell me i wasnt right... Wow. Congratulations indeed. Hopefully when Monetha gets launched in a couple of months, we will see more of those lists  . Glad that Monetha is listed on a number of huge exchanges with nice volume, after the dip from last week, alts are slowly starting to get up & moving to those ATHs from before. |
Join the Oyster Revolution! Oyster enables anonymous file storage and traffic monetization. |
|
|
pubix
Member
Offline
Activity: 154
Merit: 10
|
|
January 24, 2018, 08:50:07 AM |
|
Is utrust the biggest competitor to Monetha?
|
|
|
|
|
|
Monetha.io
|
|
January 24, 2018, 09:26:55 AM |
|
Is utrust the biggest competitor to Monetha?
Our value proposition is Decentralised Trust and Reputation System, while uTrust is more focused just for payments. We are different products. Here's the explainer, where you can find our value proposition of Monetha - https://www.monetha.io/explainer.html |
|
|
|
|
duyduc256
|
|
January 24, 2018, 03:08:06 PM |
|
Still waiting for the good news about the project. I hope their products can be applied to everyone's life because I like the idea of the project and have helped me make a good profit. In the future I will keep MTH because I am sure the price may soon reach $5
|
|
|
|
|
|
|
|
MihailJ
|
|
January 24, 2018, 03:54:25 PM |
|
Monetha has launched its Demo Test Shop!Last Friday, on 19th of January, we proudly announced our MVP update. Today we want to give you a chance to get in touch with that update in the test environment for workflow! We launched Monetha’s Demo Shop where you can try the workflow by yourself. Let’s take a quick guide about this test shop: 1. DO NOT SEND REAL ETH! This is Monetha demo shop on sandbox environment, running on Ropsten testnet. Ropsten network is like a real Ethereum network but with artificial ETH. The most important thing is to use your Ethereum wallet in Ropsten Network, we recommend to do that using MetaMask.  2. In order to see all workflow you need to have test ETH. You have to choose Ropsten Network on MetaMask. Click “Buy button” and in the following window — “Ropsten Test Faucet” where you can ask for test ETH. Once you get them, you can do payments using the Ropsten Network. 3. Finally, it’s time to test the workflow! Choose the items you would like to “purchase” and do a checkout. AGREE THAT YOU WILL USE ROPSTEN TESTNET WALLET FOR THE TRANSACTION. 4. Scan QR code or copy the wallet address and send test ETH. Once the transaction is successful, next window will appear where you can see details of your deal. https://medium.com/@monetha/monetha-has-launched-its-demo-test-shop-563f2f2c9d57
|
|
|
|
|
vamsi108
Newbie
Offline
Activity: 5
Merit: 0
|
|
January 24, 2018, 06:06:33 PM |
|
Yes but what about my question, will there be an easier way to redeem vouchers then standing on tip toes , while threading an elephant through a needle and taking a selfie on a blue moon to redeem vouchers ? We understand that our presented way for the redemption of vouchers isn't very convenient, thus we are working on creating easier and more flawlessly process for claiming vouchers. Yeh sorry about the tongue in cheek hyperbole, its not really as bad as I make out, but I do worry about sending all my tokens on errands . Wouldn't the obvious solution be to create a monetha wallet that automatically receives the voucher when the tokens are stored in your companies wallet , you could also have a store built into the wallet featuring many clients merchandise ! Anyway I am sure that is monethas plan because you have it listed in your timeline , isn't it ? |
|
|
|
|
|
