Many users are buying products and services from online e-commerce platform. In a closed marketplace like eBay, Amazon and many others buy and sell all depends on trust. Usually, a buyer buys any product and service based on the ratings and reviews. So this is basically trusting between buyer and seller. It takes a lot of time and money to build the trust. So Monetha came up with a solution to cope up with the trust issue in commerce. Monetha is building decentralized trust and reputation system on ethereum blockchain. So, whenever a new transaction is made between the two parties it will record all the necessary data like time, sender and receiver’s address, time of delivery, warranty and other information to ensure trust. A smart contract will change the trust level based on some parameters like transaction, claim registered, solved or unsolved, reviews written etc.
Currently e-commerce market is trillion dollar market. It is expected to reach $4 trillion by 2020. So this will be huge marketcap. Monetha is working on a great idea to solve a real problem current e-commerce market is facing. In ICO stage Monetha(MTH) have raised around $37 million in 18 minutes only. This is one of the most successful ICO. Even they have very large and active team. As per coinmarketcap total supply on MTH is 400 million. Supply is little high but we have seen few coins have done well with large supply as well. All it depends on project and team.
In early 2018 they are going to launch fully functional payment gateway for the e-commerce merchants that will allow them to accept ETH. Then in mid-2018, they will introduce full e-commerce solution and that will allow merchants to exchange ETH to local currency and to preferred banks.
If you want to be involved in good projects then, in my opinion, this is one of the greatest projects. So you can think of adding this coin to your portfolio.
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