Quote from: jt00 on August 28, 2017, 11:21:32 AM

Quote from: K- on August 28, 2017, 11:16:39 AM

Quote from: jt00 on August 28, 2017, 10:49:09 AM

So if Monetha raises $30 million and the coin holders receive 0.5%, Monetha will have to process $6 billion in payments for its investors to break even? Am I missing something? How likely is that Monetha processes $6 billion in payments and in what time frame? Isn't this the question we should be really asking?

agree with you.
Anyway gas suggested for ico?

Just saw on the white paper that Crowdsale participants get 50% of the tokens, so it looks like the investor break-even number is $12 billion now in payments =(
Edited my previous post.

From their white paper:
E-commerce worldwide sales in 2014 were USD 1.33 trillion and are projected to increase to USD 4.058 trillion by 2020. E-commerce share of retail sales is expected to increase from 7.4% in 2015 to 14.6% in 2020

Let's be generous and say worldwide sales are 3 trillion. Monetha would have to process 0.4% of global payments for investors to break even in a year.

Even if this not sound like much 0.4% is a lot(Does Someone know how much Bitcoin has Roll Eyes

?) and most ERC20 Tokens people bought with the intention for other use cases. I would never buy products with my golems because the original purpose is not means of payment. Beside that you have to deal with tax stuff. The idea is good but can be easily copied just the partnerships are a strong plus. In my opionen its a short term hype coin Tongue