Monetha is a blockchain-based payment platform, focusing primarily on creating a global commerce network of trust and efficiency. Built on the Ethereum blockchain and its smart contracts, the Monetha platform works with eCommerce systems, in-app payments (such as microtransactions and subscriptions), and retail environments. Users can spend their Ethereum or other currencies and tokens at participating merchants. Through the use of smart contracts, Monetha built a decentralized trust and reputation system and integrated that into its payment process. Users and merchants can rate each other and also see previous reviews and ratings so that they can make informed decisions on who to conduct business with.
Monetha (MTH) is the Ethereum token of the Monetha platform that represents the right to a share of its profits and also serves as a loyalty reward payment medium.