Quote from: Monetha.io on August 28, 2017, 02:25:05 PM

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?

Hello K- and jt00, thanks for your question.

When you think about transactional volume, $6 Billion isn't such a high number. To illustrate this - In the first three months of 2015, PayPal made $61,4B in transaction volume. Take into consideration that mobile payment and payment processing industry is growing every year. While we understand that there's plenty of work to do to reach these high numbers, your help is what we need, to become the next PayPal competitor.

Our recommended gas is 250,000.

Regards,
Monetha Team

Quote from: Gennosuke on August 28, 2017, 11:06:01 AM

For what exactly they need my personal information for example the phone number?

Hello Gennosuke,

We need to be compliant with Swiss laws, thats why we ask you this information.

Regards,
Monetha Team

Quote from: iGotHope on August 28, 2017, 12:03:31 PM

eth's price been on the come up. I wonder if 1 eth = 2400 on the pre-ico still? Will Monetha adjust or it is what it is.

Hello iGotHope,

You are correct, you will receive the same amount of MTH for ETH during the ICO.

Regards,
Monetha Team

Quote from: nelson4lov on August 28, 2017, 02:10:37 PM

I wonder how the Monetha team claims to be building a Decentralized platform when they censor and ban users who ask essential questions about the platform.

So I was surfing through Reddit today when I came across a post titled "Why Monetha is a terrible ICO, my post was deleted on their subreddit" (Link to post:
https://www.reddit.com/r/CryptoCurrency/comments/6wdg4d/why_monetha_is_a_terrible_ico_my_post_was_deleted/?ref=search_posts )

That post raised some thought provoking questions within me which I proceeded to ask on the Telegram channel. The team gave sketchy answers in a bid to evade my questions. When I insisted, They banned me. It's obvious they ban anyone who ask questions.

Hello nelson4lov, thanks for your question.

Regarding the centralisation and decentralisation. Monetha is a legal entity in Switzerland (Monetha GmbH), that is creating a payment solution levering blockchain technology.
We have never said that Monetha is fully decentralised. We are developing payments system with a decentralised trust and reputation layer on top of it. Before blockchain that was never possible and those two were separate business models.
Monetha combines them. Monetha is as much centralised and decentralised as TenX, OmiseGo, MetalPay, Iconomi, BAT and many more. All of those companies are legal entities creating products levering blockchain technology. And all of those companies have business model from which they will earn money (and reward their token holders as well).
Every company needs revenues to grow and to make it a sustainable business. Capital raised during the ICO is only the first step towards a successful company. We need that to develop the product and market it.
Then, we will need revenue from our customers to grow the company. As any other business.

Regarding the smart contracts: we took a lot of time and focus in creating and auditing them (3 different auditors have done it), thats why it took a bit longer than we expected. We will publish them today so everyone could have a look.

Regarding the reddit post: we are sorry. This was a mistake done by our admin to who we told that Reddit is mostly for announcements and ICO questions. All of the product related questions should be directed to our Telegram or Slack in which we did answer same question of yours. Once again, sorry for the mistake, it should have not happened.

Best wishes,
Monetha Team

I was banned from the Telegram channel because I asked a question.