[ANN] [ICO] MONETHA - Decentralised reputation with built-in payments

[lkjhg]

Soft cap EUR 7m (28.000 ETH)
minimum goal EUR 700k (2800 ETH)
Meaning EUR 250 for 1 ETH.

But the ETH value has changed a lot since then. ETH value is now sitting around EUR 320.
Seems to me something has to be adjusted. Value of MNT will be too high if it remains like this.

Any comments on this?

They should apply it in ETH, if they count with the dollar, it will be very difficult to calculate the investment targets, especially now that the ETH price is rising

[1714483289]

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[1714483289]

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[1714483289]

1714483289

[Monetha.io]

did you have your pre ico? if any, would you mind to share the details you have raised? how much?

Hello mylabs01, thanks for your question.

There was no pre-ICO.

Regards,
Monetha Team

Soft cap EUR 7m (28.000 ETH)
minimum goal EUR 700k (2800 ETH)
Meaning EUR 250 for 1 ETH.

But the ETH value has changed a lot since then. ETH value is now sitting around EUR 320.
Seems to me something has to be adjusted. Value of MNT will be too high if it remains like this.

Any comments on this?

Hello cyril2017, thanks for your question.

We cannot control ETH price. We have waited for a long time before announcing the hard cap to fit the price the best that we could. It is very short time before our crowdsale and we will not change anything regarding MTH conversions.

Regards,
Monetha Team

[Monetha.io]

An hour long podcast interview from @icoalert about Monetha’s technology and future vision!
https://youtu.be/mQs58DdEYTs

[cyril2017]

I do not see it in the FAQ but I remember reading it here. Just to confirm. You can only send whole ETH's? If so, what will happen if you send 10.5? You lose the .5?

[BigBopper44]

What would happen if a us citizen used an alt address?  Just wondering.

[luksbit]

What would happen if a us citizen used an alt address?  Just wondering.

Well, I think it will depend on the country's legislation. For the project itself nothing should happen, because the same are informing that citizens of certain countries can not participate.

[ask]

If there is no pre-sale i will invest some ethereum to this project. Sound good to invest in.
10 hours left my finger is on the button

[BigBopper44]

Well its not illegal in the us but many ico's are stating that to protect themselves so I guess what I am asking is if a man used a vpn theoretically and participated in the ico as a canadian resident would he still get his monetha coins or would that man not get his coins and his only way to participate in helping monetha is to get the coins on the exchanges later? Just wondering, monetha sounds awesome to invest in.

[kink0r]

Were the questions of those guys who got "banned by accident" in slack and reddit answered?

[rebrik7]

I can't find information about bounty campaign. Can someone tell me where is it?

[Monetha.io]

I do not see it in the FAQ but I remember reading it here. Just to confirm. You can only send whole ETH's? If so, what will happen if you send 10.5? You lose the .5?

Hello cyril2017, thanks for your question.

You don't have to send whole ETH's. You can send a fraction too.

Regards,
Monetha Team

What would happen if a us citizen used an alt address?  Just wondering.

Hello BigBopper44, thanks for your question.

All IP addresses from US will be banned.

Regards,
Monetha Team

I can't find information about bounty campaign. Can someone tell me where is it?

Hello rebrik7, thanks for your question.

Please visit monetha.io and click "bounty" on the top.

Regards,
Monetha Team

[BigBopper44]

THANKS FOR THE RESPONSE, SO THEORETICALLY AN IP USING A VPN FROM CANADA WON'T BE BANNED? NO MATTER WHERE IT ACTUALLY IS AS LONG AS THE IP IS NOT FROM THE US? JUST WONDERING IS ALL.

[sayulita]

I want to invest because this looks great, but there appears to be a major red flag. Hopefully somebody can clear this up for me.

In the Monetha video at the 4 minute and 40 second mark the CEO is telling people that if they participate in the ICO that they will receive a significant portion of revenue.

If Monetha has revenue flowing to the token holders, this makes Monetha a security, which in and of itself I am okay with. The SEC said that they were going to be coming after crypto exchanges which trade tokens which are viewed as securities. What happens if exchanges suddenly stop listing tokens which are securities? If there is no market for this token to trade in, then how is there price discovery? If there is no price discovery, then how does anybody ever expect to get their money back?

I suggest everybody read the blog post from Shapeshift from a couple of weeks ago. It describes how they are about to begin to delist a bunch of tokens because they were determined to be securities. The way you determine if a token is a security is by performing the Howey test. (Google Howey test if you don't know what it is.)

The Howey test is simple. If all 4 elements are present, then the SEC will classify it as a security. Those elements are.

1)Money is raised
2)For a common enterprise
3)With the expectation of a return
4)From the efforts of others.

https://info.shapeshift.io/blog/2017/08/17/shapeshift-and-tokens-securities

If Monetha is actually planning on distributing profits, then I cannot participate. A simple solution is for Monetha to simply not redistribute the profits. Just keep piling the profits back into the business, or find some other way of rewarding the token holders within the system. Your business idea is good enough that you do not need to give token holders profits.



 

[Monetha.io]

I want to invest because this looks great, but there appears to be a major red flag. Hopefully somebody can clear this up for me.

In the Monetha video at the 4 minute and 40 second mark the CEO is telling people that if they participate in the ICO that they will receive a significant portion of revenue.

If Monetha has revenue flowing to the token holders, this makes Monetha a security, which in and of itself I am okay with. The SEC said that they were going to be coming after crypto exchanges which trade tokens which are viewed as securities. What happens if exchanges suddenly stop listing tokens which are securities? If there is no market for this token to trade in, then how is there price discovery? If there is no price discovery, then how does anybody ever expect to get their money back?

I suggest everybody read the blog post from Shapeshift from a couple of weeks ago. It describes how they are about to begin to delist a bunch of tokens because they were determined to be securities. The way you determine if a token is a security is by performing the Howey test. (Google Howey test if you don't know what it is.)

The Howey test is simple. If all 4 elements are present, then the SEC will classify it as a security. Those elements are.

1)Money is raised
2)For a common enterprise
3)With the expectation of a return
4)From the efforts of others.

https://info.shapeshift.io/blog/2017/08/17/shapeshift-and-tokens-securities

If Monetha is actually planning on distributing profits, then I cannot participate. A simple solution is for Monetha to simply not redistribute the profits. Just keep piling the profits back into the business, or find some other way of rewarding the token holders within the system. Your business idea is good enough that you do not need to give token holders profits.

Hello sayulita,

As of today, no token is considered as a security, however, when the regulation starts to crack down, dividend bearing tokens may be the first ones considered as a security. It's important to consider that many regulators may follow these examples because of the fact that it's currently unregulated.

We spoke with our experienced lawyers in Switzerland, and this decision was made to protect you (the investors), and ourselves when such regulations come. Not only that, but we believe this new token model will benefit the ecosystem, and will help us with the future growth, which equals to the income growth, which then equals investor return growth.

This voucher model is approved by KPMG lawyers from Switzerland. You can read more in the whitepaper.

Regards,
Monetha Team

[udonmez]

I would like to join ico but I dont understand how I can do it tomorrow. Does anyone can help me?

[likepeas]

What would be the recommended GWEI to be used?

[Monetha.io]

What would be the recommended GWEI to be used?

Hello likepeas, thanks for your question.

You should put GWEI at your own discretion, having in mind that it will impact the transaction time.

Regards,
Monetha Team

I would like to join ico but I dont understand how I can do it tomorrow. Does anyone can help me?

Hello udonmez, thanks for your question.

Please visit our website and click "Join crowdsale" for further instructions.

Regards,
Monetha Team

[BigBopper44]

THANKS FOR THE RESPONSE, SO THEORETICALLY AN IP USING A VPN FROM CANADA WON'T BE BANNED? NO MATTER WHERE IT ACTUALLY IS AS LONG AS THE IP IS NOT FROM THE US? JUST WONDERING IS ALL.  last time Ill ask.  Thank you for your timely responses.  You seem to have a good product.

[Monetha.io]

THANKS FOR THE RESPONSE, SO THEORETICALLY AN IP USING A VPN FROM CANADA WON'T BE BANNED? NO MATTER WHERE IT ACTUALLY IS AS LONG AS THE IP IS NOT FROM THE US? JUST WONDERING IS ALL.  last time Ill ask.  Thank you for your timely responses.  You seem to have a good product.

Hello BigBopper44, thanks for your question.

As we said before, all IP addresses from US will be banned. If you will connect from Canada, there won't be a problem.

Regards,
Monetha Team

[Monetha.io]

HUGE NEWS prepared after the ICO!
Stay tuned!
ICO starts in 21 hours!