What is Monetha (MTH)?
Future of MTH Cryptocurrency and know how to buy MTH

#1 – What is Monetha?

Monetha – The Basics

  1. The e-commerce sector has seen a robust growth rate over the past few decades. Despite the rapid increase in the number of online buyers, merchants face challenges in trust and reputation, payment process, and an inability to reach the Ethereum economy.
  2. Monetha is a decentralized payment solution to resolve all these issues. It works on the Ethereum blockchain network with the smart contract technology to provide convenient payment solutions to the merchants.
  3. The chief objective of this platform is to ensure real-time transactions between the customer and the merchants without any third party. It will also integrate e-commerce with the Ethereum economy.

Monetha Development

  1. Monetha is the brainchild of Andrej Ruckij, cofounded with Laurynas Jokubaitis and Justas Pikelis.
  2. Ruckij left his work as the Vice President of “Adform” after 9 years to establish this blockchain-driven payment system.
  3. Pikelis has the experience and skills in financial technologies to give the team the right impetus.
  4. Jokubaitis worked with Ruckij to create “Wowtto” and the duo, therefore, successfully crafted Monetha.


#2 – What are the benefits of Monetha?

Monetha Technology

  1. At the core of Monetha’s technological infrastructure is the Decentralized Trust and Reputation System (DTRS). This protocol works with Smart Contracts to create a credible relationship between the customers and the merchants. An inbuilt algorithm verifies every transaction and provides trust ratings accordingly.
  2. The platform also employs the Trust Rating mechanism to create transparency between the parties involved. These ratings are visible to every user and are granted on the basis of the consumer’s and merchant’s behavioural patterns.
  3. Monetha follows a simple workflow. The servers create a QR code once the client places an order. The code all the details about the order, such as price currency, order number, warranty, delivery, etc. When the client scans the code and hits send, the transaction is transferred to the blockchain network.
  4. The product architecture is composed of three parts:
    - merchants,
    - configuration panel, and
    - the Ethereum blockchain.

    Merchants receive the payment from either retail or e-commerce. The configuration panel allows them to manage their funds and profile with trust ratings. The blockchain takes care of the clients, claims, and payments.
  5. Monetha’s team has developed a solution for the merchants to integrate a Monetha payment gateway script to their websites in order to accept payments.

Transactional Process

  1. In order to make purchases with Monetha, clients will have to pick the Monetha gateway for the payment. The payment amount is converted in ETH based token amount.
  2. The transactions are done through Monetha’s blockchain network. The blockchain saves the time of the transactions, irrespective of if it being retail or e-commerce.
  3. It sends the addresses, warranty conditions, delivery time, and the details required for establishing the legitimacy. All this information is hashed for security purposes.


  1. Transparency: One of the most advantageous characteristics of Monetha is the level of transparency it brings into the e-commerce payment system. Both clients and merchants can enjoy fraud less transactions on Monetha’s decentralized system.
  2. Accessibility: Users can access the platform via their mobile phones. Unlike some traditional modes of payment, Monetha allows more accessibility and convenience to its users.
  3. Customization: With Monetha, merchants have complete control of their funds. Its easily manageable settings and customizable preferences help the merchants manage their assets well.


#3 – How to buy and store MTH?

How to buy MTH

MTH is available for purchase on exchanges like HitBTC, Coingecko, Mercatox, and CoinCodex.

  1. CoinSwitch, as the largest cryptocurrency conversion platform, offers you to exchange your cryptos for Monetha. You have the option to choose from over 45,000 pairs of crypto exchange.
  2. What’s more - with CoinSwitch, you do not rely on a separate wallet from the exchange to store your MTH cryptocurrency. Instead, all transactions happen to and from your own personal private wallets.


The MTH coins can be stored in any ETH wallet like MyEtherWallet since they are ERC20 compliant. Other storage options include hardware wallets like Ledger Nano S and Trezor. Exodus and Jaxx are also the storage wallets for MTH.


#4 – What is the future of Monetha?

  1. Monetha is working according to a well-planned roadmap. The first phase was its roadmap aimed at developing a fully-functional payment gateway for merchants. It enables them to accept ETH in the form of payments. The specified time for this phase was early 2018.
  2. The second phase plans to make Monetha a payment platform for ETH-based tokens as well. It will allow the merchants to exchange both Ethereum currency and Ethereum-based tokens for fiat currency transactions. This phase also aims at developing smart contract wallets, making dashboards for merchants, and creating real-time analytics. It was timed for mid 2018.
  3. The third phase is set to make improvements in the decentralized trust and reputation algorithm. It will also develop a smart contract based mobile app for Monetha enabling various features like ratings, reviews, etc. Planned for late 2018, this phase will also enable the loyalty program.
  4. The fourth phase will enable both the merchants and the consumers to resolve claims and give ratings to create trust and reputation. This phase will further improve the trust system. It will be implemented early 2019.
  5. The fifth phase will allow the retail merchants to work with the decentralized payment, trust, and reputation system.

Also Read: Complete Analysis of Monetha | Live Monetha (MTH) Price Charts And Predictions

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#5 – How is Monetha different from other cryptos?

Platforms like PayPal are Monetha’s competition in the non-cryptocurrency market. TenX, Satispay, and C2FO are some of the platforms that present competition to Monetha in the crypto market. There are some features, however, that make it stand out from the rest.

  1. With Monetha, the speed and fees of the transactions is better than the rest. It works without a middlemen and offers instant payments at nominal transactional fees.
  2. Monetha charges a minimal 1.5% transactional fees from the merchants. This fee is collected into a fund and all MTH token holders receive 33% of the total fund.


#6 – Should you invest in Monetha?

  1. It is clear that Monetha holds benefits for both the clients and the merchants. In its goal to revolutionize the online payment system, Monetha has established itself as one of the first platforms to integrate the fiat and cryptocurrencies.
  2. With the ever expanding e-commerce sector, Monetha has much potential to offer to the market. Its well-specified roadmap along with a team of experienced developers can take the project towards greater progress.
  3. Due to its relatively new presence in the crypto market, the coin value has remained low. It has, however, shown much less price fluctuations to present itself as a viable investment option.
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