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Monetha ICO summary information

Conceptual Model

Decentralised trust and reputation system (DTRS), powered by smart contracts, works flawlessly with Monetha’s payment processor. We let the buyer see trustworthy and transparent reviews made by previous customers. Based on the information saved during the transaction, clients and merchants will be able to file/solve a claim, rate each other, view ratings etc. Their history is then recorded onto the immutable Ethereum blockchain so that others can make well-informed commercial decisions.

Project Description

Monetha is a decentralized payment solution built on the Ethereum network. The Monetha solution leverages smart contract technology to provide a decentralized trust and reputation system in which sellers ratings are attatched to their respective transactions. The solution also enables merchants to accept ETH and Ethereum-based tokens which can be exchanged automatically into fiat currencyMTH is an Ethereum-based token that is used to pay for goods on Monetha. The value of the MTH token is based on its underlying assets, properties and/or associated rights. Monetha tokens also represent percentage share of revenue of Monetha project.Team:Andrej Ruckij: Co-Founder/Technology. Eric Duprat: Payments lead . Kellogg N. Fairbank: Merchant Acquisition Lead. Dr. Jean-Marc Seigneur: Decentralised Trust and Reputation lead. Monetha will be holding its ICO on the 31st of August. The ICO token supply represents 60% of the total supply that will be created during this crowd sale. The tokens will be sold at a 0.0005. Any unsold/remaining tokens will burnt.Token Reserve Split (XX%):15% Monetha team13% Loyalty Program;12%  bounty campaign, advisors, partners, ICO campaign costs;The ICO will feature a bonus campaign.Bonus Structure:1st price batch until the soft cap is reached: 1 ETH = 2400 MTH2nd price batch after the soft cap is reached: 1 ETH = 2000 MTH

Founders and Associates

Andrej Ruckij -Co-Founder/Technology

Eric Duprat -Payments lead

Kellogg N. Fairbank -Sales and Merchant Acquisition Lead

Dr. Jean-Marc Seigneur -Decentralised Trust and Reputation lead

Justas Pikelis -Co-Founder/Business

Laurynas Jokubaitis -Co-Founder/Product

Viaceslavas Ruckis -Engineering lead

Erikas Malisauskas -Product design/Front end developer

Martynas Adomaitis -Smart Contract developer

Andrej Davidovic -Software engineer

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MTH Latest Updates
July 17, 2018

Interview with Monetha’s Customer Support Specialist | Aivaras

Tell us a bit more about your professional background? How did you get into customer support?My career in customer support started in-between studies. I had just received my degree and needed to support myself. I was also planning on enrolling to a graduate school, so the job had to be outside...

From: Monetha

July 05, 2018

My story behind recruitment and why Monetha feels like the best place to be

Until very recently I never really gave much thought about my philosophy behind recruitment. Most of the time I was simply doing my job as well and efficiently as I could. At the same time, I was very focused on people, trying to develop strong relationships with them. As a result, I have always...

From: Monetha

June 28, 2018

Partnership with VR Team

Monetha is proud to announce a partnership with payments consultants — VR Team.With more than 10 years on-hands experience in the area of on-line payments, fraud management and customer verification, VR Team managed to build internal processes and procedures for various high-risk...

From: Monetha

June 26, 2018

Interview with Monetha’s Digital Marketing Specialist | Julius

Tell us a bit more about your professional background? How did you get into digital marketing?Ever since I was a kid, I loved hearing good stories. The better was the teller and the story, the longer I remembered it. I think this love for stories pushed me into advertising.This early admiration...

From: Monetha

Interview with Monetha’s Digital Marketing Manager | Julius

Tell us a bit more about your professional background? How did you get into digital marketing?Ever since I was a kid, I loved hearing good stories. The better was the teller and the story, the longer I remembered it. I think this love for stories pushed me into advertising.This early admiration...

From: Monetha

June 22, 2018

Interview with Monetha’s Office Manager | Aistė

Tell us a bit more about your professional background? How did you get into managing offices?I studied English and Russian philology at Vilnius university. After four years of studying, I officially became a linguist and a translator, however, I decided not to take a path of a translator as a...

From: Monetha

June 12, 2018

Interview with Monetha’s Customer Support Manager | Ruta

Tell us a bit more about your professional background? How did you get into communication and support field?Since I was a kid, theatre was my passion. I was always involved in theatre community; You’d ask what theatre/acting has to do with communication?Well, a lot, actually!Because I was...

From: Monetha

May 30, 2018

Co-founder of Monetha, the company that raised $37M in 18 minutes: There is truth to jokes about…

Co-founder of Monetha, the company that raised $37M in 18 minutes: There is truth to jokes about LamborghinisPeople driven by greed and vanity are the tumor of cryptocurrencies, believes Justas Pikelis, co-founder of payments and trust platform Monetha.Justas Pikelis © DELFI /...

From: Monetha

May 23, 2018

Interview with Monetha’s Intern | Amanda

Tell us a bit more about your professional background?I will be graduating with a bachelor’s degree in Sociology in a few months, an educational path that has given me a profound understanding of society, how and why groups of people think and behave the way they do. It has also provided me...

From: Monetha

May 20, 2018

Five things to adopt before selling online

With growing e-market comes intense competition and sellers have to keep up with the pace of consumers’ expectations. Most sellers lose their customers by failing to match their expectations. To succeed, you must demonstrate value to your customer by adopting five important elements in order...

From: Monetha

May 16, 2018

Because, It looked “too good to be true”

“Smartphone for sale — just for 150 Euros” says on the ad in classified marketplace.Martin finally finds something of his budget. He contacts the ad poster.Martin: Hi, I saw the ad for a smartphone on an online marketplace. I would be interested to buy it. Could you give me...

From: Monetha

May 09, 2018

How verified reviews can be a magnet for your future customers?

Top consumer goods companies strategize carefully about which is the best way to influence customers. The Influential marketing has been one of the most powerful marketing tactics, which has attracted a lot of new customers and yielded a good Return On Investment.Consider a shoe and clothing...

From: Monetha

May 04, 2018

Interview with Monetha’s Intern | Siegfried

Tell us a bit more about your professional background?I finished my bachelor’s degree in political science, which gave me a good understanding about decision-making processes regarding politics but also knowledge about how people act on different markets, as economics was my second major...

From: Monetha

April 19, 2018

Interview with Monetha’s Community Manager | Marijus

Tell us a bit more about your professional background? How did you get into communication and support field?I was passionate about a certain video game series, published by the company called Square Enix which is known for: Tomb Raider, Final Fantasy, Hitman, Deus Ex, Life is Strange, etc. Did...

From: Monetha

April 11, 2018

Interview with Monetha’s Recruitment Specialist | Monika

Tell us a bit more about your professional background? How did you get into recruitment?After finishing my Bachelor’s degree in Psychology I decided to focus more on Business Psychology. So I started to look for internships, job opportunities in that field. But as I always say, Recruitment...

From: Monetha

April 05, 2018

All e-commerce is a dark net

There is no doubt, that to this day, e-commerce has the problem of trust.Over 70% of online shoppers have the fear of buying on the net. No wonder. Millions of dollars are being lost when people get scammed or SNAD’ded (item or service Significantly Not As Described) in faceless commerce. But...

From: Monetha

March 16, 2018

Interview with Monetha’s Intern | Chaitra

Opportunities don’t come once or twice, they keep on coming every day, every second, they just need to be identified. We at Monetha help to realize opportunities at every step of the way.Monetha, a promising blockchain startup was built to empower communities, revolutionize the digital world...

From: Monetha

March 13, 2018

Interview with Monetha’s Co-Founder | Andrej

Tell us a bit more about your professional background? How did you get into a technology development?I understood the power of technology in my school days when I was writing small programs in Basic to verify answers to my math and physics assignments at school. This laid my path to continue...

From: Monetha

March 07, 2018

First Product Version exclusive to MTH Token Holders

Sneak peek of our first product version visual designDear Monetha Friends,As we are getting closer to our First Product Version due to be released on March 31st, we would like to share some important details about it.Monetha’s First Product Version is a Beta release, which means that we...

From: Monetha

March 01, 2018

Interview with Monetha’s Software Developer | Martynas

Tell us a bit more about your professional background? How did you get into software development?Actually it all started with IBM PC AT — I had it at home since I was several years old. My father was doing some work in BASIC and Turbo Pascal and this was my first introduction to the code....

From: Monetha

February 27, 2018

The New Monetha Club: Here to keep you connected!

A big thank you to everyone who helped to make our ICO successful! After hearing some participants say that they might be interested in joining a community of other early adopters, and thinking about how we could thank you for what you’ve done for us, we decided to launch the...

From: Monetha

February 22, 2018

Interview with Monetha’s Software Engineer | Dmitrij

Tell us a bit more about your professional background? How did you get into software development?I started programming when I was in school. I wrote my first programs for a programmable calculator Elektronika MK-61 (non-BASIC, RPN programmable calculator which was manufactured in the Soviet...

From: Monetha

February 15, 2018

Eric Duprat — Chairman of Monetha’s Advisory Board!

https://medium.com/media/976d455c8875db51b9a44c167ebac77c/hrefGood day, Monetha followers!!The long awaited announcement of Eric Duprat’s role in Monetha is finally here!Eric is joining Monetha as a Chairman of Monetha’s Advisory Board!Just to remind you, Mr. Duprat is a major name in the...

From: Monetha

February 14, 2018

An Interview with Monetha’s Co-Founder | Laurynas

Tell us a bit more about your professional background? How did you get into product building?I was always into building stuff. Always thinking about how to leverage technology to build a great company with a great product!Even though I did not study engineering (or product development) as a...

From: Monetha

February 10, 2018

Interview with Monetha’s Community Manager | Vygandas

Tell us a bit more about your professional background? How did you get into communication and support field?Since childhood I was one of the most communicative person amongst my family and my friends. I could speak with surrounding people all day, but in addition to that I used to be super...

From: Monetha

February 01, 2018

Interview with Monetha’s Engineering Lead | Viaceslavas

Tell us a bit more about your professional background? How did you get into software development?I first saw the magic of programming when I was 10 years old. My older brother had drawn a sailboat on a screen using 7 lines of code.I was truly amazed and from that point on, one more profession...

From: Monetha

January 26, 2018

Interview with Monetha’s Head of Customer Support and Insights | Justė

Tell us a bit more about your professional background? How did you get into communication and support?Before joining the tech startup world, I spent several years in the non-profit sector, building communities, being in charge of team management, fundraising, and other operational fields. I was...

From: Monetha

January 23, 2018

Monetha’s Co-founders are listed on Forbes 30 Under 30!

We are proud to announce that Monetha’s co-founders — Justas Pikelis and Laurynas Jokubaitis were selected for Forbes Europe 30 Under 30 Finance and Big Money lists!Monetha started back in January 2017 and the idea of it, being a Decentralised Trust and Reputation System combined with a...

From: Monetha

Monetha has launched its Demo Test Shop!

Hello Monetha followers!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...

From: Monetha

January 20, 2018

Guide: How to buy MTH Tokens?

Hello everyone!We wanted to write a blog on our community’s most requested topic and it is without a doubt, a question on how to acquire MTH tokens.Every day, we are getting more and more questions from the community who ask us how to buy MTH tokens. So we decided to make a brief step-by-step...

From: Monetha

January 19, 2018

FIRST PRODUCT MILESTONE — COMPLETED!

Monetha’s CTO Andrej Ruckij proudly announces our software update!https://medium.com/media/e6f026eecf8d64122f3ec4de0dd00876/hrefTranscriptionHello Monetha users, today we deployed our updated payment gateway version with a production-ready functionality.Merchants who will sign-up for this...

From: Monetha

FIRST PRODUCT MILESTONE — COMPELED!

Monetha’s CTO Andrej Ruckij proudly announces our software update!https://medium.com/media/e6f026eecf8d64122f3ec4de0dd00876/hrefTranscriptionHello Monetha users, today we deployed our updated payment gateway version with a production-ready functionality.Merchants who will sign-up for this...

From: Monetha

January 18, 2018

Interview with Monetha’s QA Engineer | Liudas

Tell us a bit more about your professional background? How did you get into software development?When I got my first computer almost two decades ago in the year 2000, I was sure that I will be working in this business as a programmer. I spent a lot of time sitting in front of a computer and...

From: Monetha

January 11, 2018

Interview with Monetha’s Lead Designer | Erikas

Here, at Monetha, we believe that a great team is the essence of any successful company, and we are really proud to have exceptional individuals on our team. In fact, we would like YOU to get to know them as well.So here we go, introducing our team members to you and starting with the lead...

From: Monetha

January 07, 2018

Vote for Monetha on CobinHood Exchange

Most recently, Monetha has entered the CobinHood voting competition in which the winner will be listed on the CobinHood exchange.CobinHood is the next-generation cryptocurrency service platform with ZERO trading fees. Two of their competitions have already ended with declared winners, and now...

From: Monetha

December 28, 2017

MVP Development Update Is Coming On The 19th Of January

Hello, Monetha’s followers!Last Monday on the traditional “Week In Review” video series, our Chief Technology Officer Andrej Ruckij has proudly announced that Monetha is taking one step further to its product delivery on the 31st of March by releasing Minimal Viable Product update before...

From: Monetha

December 14, 2017

A Public Letter to Token Holders

Dear Token Holders,Many of you have seen me through video, but today I’d like to do things differently, and communicate with you, our Monetha investors, MTH token holders and bigger Monetha community, in writing. For some, this letter may be a goodbye, and for others, a new and exciting...

From: Monetha

December 12, 2017

Overview of the last 90 days

https://medium.com/media/7a16c0e7db59a255cc0e7f0f9b57d9ee/hrefBlockchain industry is a notoriously fast-paced environment, where things can change in a matter of seconds. And yet… we believe that having a long-term view is equally important.It’s been an eventful past few months for Monetha....

From: Monetha

October 01, 2017

Getting listed on Binance. Support Monetha by voting for it!

As we said in our previous blog post: “cryptocurrency exchanges are important for any token to become adopted by the masses, as it enables your token to reach a wide range of potential buyers. This is why after a successful crowdsale, our goal was to get listed in many popular and local...

From: Monetha

September 20, 2017

The current situation on exchanges for new ICOs

Cryptocurrency exchanges are important for any token to become adopted by the masses, as it enables your token to reach a wide range of potential buyers. This is why after a successful crowdsale, our goal was to get listed in many popular and local exchanges.To achieve that goal, we’ve...

From: Monetha

September 14, 2017

How we react to Ethereum’s price fluctuations

At the time of writing this post, Ethereum was traded at $238. If you have been following the prices of it in the last 3 months, you’ll know that it goes down as fast as it goes up.The whole Monetha team strongly believes in Ethereum and the technology behind it. The recent rumors might work...

From: Monetha

September 04, 2017

Thanks from the Monetha Team

In the last 9 months, there were many sleepless nights, stressful days and a dozen of what seemed to be impossible tasks. Monetha went through these hurdles because we saw the biggest opportunity in the payments industry, for the Ethereum community. And this is the result…Just about a few...

From: Monetha

August 29, 2017

My safety precautions for the ICO + status update on strategic investors

I’ve heard many questions from potential investors about potential hacking threats. Today, I’d like to write a blog post with my recommendations about the participation in the ICO. In addition to that there is an important update on my strategic investors.SlackDue to ever-increasing amounts...

From: Monetha

August 28, 2017

More on our partnership with a dominant online retailer

24th of August 2017: My team announced a strategic partnership deal with the largest online retailer in the Baltic States, Pigu.lt. The deal is the first of many to come, enabling online shoppers to purchase goods using Ethereum based tokens via a seamless checkout experience.Monetha’s...

From: Monetha

August 23, 2017

Why am I named Monetha?

Nine months ago, when my creators sat down at a table, a simple question came up — how I, an elegant, decentralised, efficient and easy to use payment processing solution, should be named?When my co-founders started looking for a name, they wanted my name to be associated with payments....

From: Monetha

August 22, 2017

My post-ICO plan (5 ways how MTH price will rise)

Any investor may have doubts whether any ICO project can deliver what they promised to deliver. These fears, at some point, are inevitable, and that’s why I’m here to explain my future plans.As 10% of the total token supply will be held for Monetha’s company for the next 12 months, it is...

From: Monetha

August 18, 2017

Announcing the hard cap and the total token supply

After doing an extensive market research, calculating potential funds, assessing development scenarios and precisely observing ETH prices and forecasts, we decided to set our hard cap.If you have read our whitepaper, you will know that most of our funds will be used for marketing, sales and...

From: Monetha

August 17, 2017

My development team

As with any successful Ethereum based project, there’s no doubt that the development team is the core driving force. Without them, I simply wouldn’t be here, so allow me to introduce them:Andrej Ruckij — One of the three co-founders, mastermind architect of Monetha’s technology,...

From: Monetha