What's Monetha Coin?
The Monetha payment platform runs on the Ethereum Blockchain and was created with the belief that trust, reputation and transparency in transactions are essential elements of e-commerce.
#Monetha is a digital identity designed to facilitate and protect your interactions in the digital world while enabling users to harness the value of your data.
↪️What is Monetha (MTH)?
The Monetha payment platform runs on the Ethereum Blockchain and was created with the belief that trust, reputation and transparency in transactions are invisible but fundamental elements of e-commerce. The Monetha team sees the current e-commerce ecosystem as functional, but ultimately it is considered to be a flawed system in the interests of both businesses and customers. Monetha aims to find solutions to four main problems identified by its team in the whitepaper. These four main problems are listed as follows:
↘️Lack of trust-based verification system in business transactions
↘️Long and expensive payment transactions
↘️Poor knowledge and availability of the Ethereum-based economy
↘️Prevalence of fraud in e-commerce
Monetha's solution makes it possible to record each business transaction and for both businesses and customers to "verify" each other before they do business. Monetha wants to make a vendor's history easily user-controllable to build trust. Previous records of businesses serve as a seal of quality, and every vendor does not need to be tested for trust every time a new customer approaches them. The Monetha team believes that today trust is rare and can be destroyed very easily. Reputation is another abstract state that the seller can “transfer” between platforms with the help of Monetha.
One of Monetha's many goals is to reduce the number of normal and "hidden" fees popular in traditional e-commerce systems. Therefore, Monetha only receives 1.5% of the total transaction value per month. In addition, Monetha wants to avoid high chargeback fees by allowing businesses to send money back after paying a standard transaction fee.
Monetha offers a variety of benefits to sellers and customers through the local cryptocurrency MTH coin:
🚨No minimum fees
🚨There is no holding time set by third-party payment processors.
🚨No exchange fee
Each purchase on the Monetha platform rewards the buyer with 0.2% of the transaction value in Monetha tokens (MTH) that are part of the loyalty pool.
Monetha tokens can be used for purchases made with the Monetha wallet over a 6-month period, similar to credit card point awards.
Monetha ranks 15,395,659 dollars 771st according to CoinMarketCap data as of the time the article was written. In addition, it can be stated that the 24-hour trading volume of Monetha Coin, which is traded with 0.0382 USD against the dollar, is 1.523.761.
Monetha Coin, traded with 0.00006992 BTC against Bitcoin, hit the bottom with $ 0.0031 on March 13, 2020, and broke a record with $ 0.6467 on January 11, 2018. There are currently 402,400,000 Monetha Coins in circulation, and this number is stated to be 402,400,000 Monetha coins at the maximum.
↘️Where To Buy MTH Coin?
MTH Coin can be purchased quickly and securely through Binance , the world's largest cryptocurrency trading platform in terms of transaction volume .
In order to purchase MTH Coin, you first need to become a member of Binance and then send fiat money. After sending a fiat money such as Turkish Lira or dollar, the transaction can be made in the MTH transaction pair by buying Bitcoin (BTC) where the MTH Coin is traded.
In addition, on Binance , users can make purchases at the desired price by placing a purchase order not only at market value but also at a lower value. For this, it will be enough to use the Limit tab and enter the amount you want to buy and the price you want to buy.