Review on Monetha by David Olayide
Monetha's Fluid Payment System Model
Monetha is a payment platform that was built on the Ethereum blockchain technology with three basic principles guiding the project’s establishment. These principles are vital in the world of cryptocurrency. As such, trust, transparency and reputation are very important attributes. The present economic system has a lot of flaws, and Monetha aims to address and solutions to these issues. Monetha aims to improve the quality of transactions and transaction speeds.
In doing so, there is a reduction in the expenses that you incur while performing transaction with Monetha. In order to reduce the amount and number of hidden fees that traders encounter in a network, Monetha charges only 1.5% of the total transaction value every month. Also there are no charges for foreign exchange and no minimum charges as well.
For every transaction you make on the platform, 0.2% of the transaction value in MTH token, is given to you as a loyalty reward. You can then use this tokens for purchases in your wallet. I like this idea of transacting and also earning a fraction of your own transactions. Another way that I could get the MTH token is by making use of exchange platforms like Binance and HitBTC.
I have found out that Monetha offers a whole lot of other services which you can see on their website homepage. The project operates just like an ecosystem. The policies it hopes to implement are well designed. With time more improvements will be added.
Pros
- Built on the Ethereum Blockchain
- Improved transaction processes and speed
- Very low transaction charges
- MTH tokens are available for trading of Binance and other good platforms
Cons
- The project still needs more development
- There is not enough publicity to attract investors
