Monetha
Crypto Overview
Overview
Monetha was launched in 2017 as a decentralized reputation and payment platform built on Ethereum. The project aimed to create a trusted commerce environment by implementing a reputation system and facilitating cryptocurrency payments.
Purpose and Utility
The MTH token was designed to serve as a means of payment within the Monetha ecosystem and as a reward for users contributing to the platform's reputation system. Users would earn MTH tokens for leaving reviews and building their reputation scores.
Current Status
As of 2023, Monetha appears to have minimal development activity. The project's social media channels and GitHub repository show little to no recent updates. The official website is no longer actively maintained.
Business Model Analysis
The original business model focused on legitimate commerce and reputation building, which aligns with Islamic principles. The project did not involve interest-bearing mechanisms, gambling, or other prohibited activities.
Token Distribution
Initial token distribution included allocations to the team, advisors, and public sale participants. Specific current distribution data is limited due to the project's inactive status.
Development and Adoption
The project appears to have failed to achieve significant adoption or maintain active development. However, this does not impact its Sharia compliance status, as limited adoption or ceased development does not make a project haram.
Crypto Impact
To assign a comfort level investing in Monetha from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Monetha.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.