Young Ethereum Newbie Turns €5k into €70k And Gears Up To Take On Global Banks
When savvy Cryptocurrency investors visit Monetha’s official website, they may be surprised to find out that they could qualify to become an early investor in what’s quickly becoming one of the most disruptive payment solutions of our time, that has big banks on edge.
Thousands of investors have managed to get in on “hot” Initial Coin Offerings (ICOs), but not all have been as successful as Laurynas Jokubaitis, who a few short months ago netted a 14x return on a small €5,000 investment in less than 60 days.
This was because of a little known opportunity with a local business who’d decided to use an ICO as an alternative way to raise money for their disruptive blockchain based startup.
Laurynas says he decided to invest after seeing the company’s product roadmap, and a solid business plan for providing ongoing value to coin holders.
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However, at the time Laurynas was working on his own Startup, Monetha. A payment processor built on Ethereum Blockchain technology that boasts a smart Decentralised Trust and Reputation System (DTRS™) for merchants and buyers.
Instead of going the traditional route of raising money through Venture Capital and Angel Investors, Laurynas and his co-founders invested their own capital to produce the first iteration of the product before announcing their very own coin offering.
Many Coin Investors Will Be Cashing In On This
This is unknown to many, but despite the presence of a range of payment gateways and processing service providers, most merchants face huge payment issues due to multiple steps (up to 15 steps at times) involved in the payment process.
Furthermore, the transaction and hidden service fees associated with traditional gateways are generally at the higher end of the scale. This means merchants usually end up paying anywhere between 2% and 6% per transaction. Whereas, the Monetha service involves a single step and costs a fixed transaction fee of just 1.5%.
Greedy banks and more traditional payment processors aren’t too happy about this – here’s why:
- Payment processing companies and banks are not looking out for the merchant
- It’s in their best interest to keep merchants uninformed about the fees they extract at each of the 16 payment processing stages
- Until now, banks have had the monopoly over the payments industry, and continue to profited heavily from merchants
You may think the banks have the best interest of the merchant in mind. Rest assured, they do not. They’d rather keep them uninformed about their options. That’s why the pressure is on – time-wise.
Unfortunately merchants are constantly being taken advantage of by large banks and payment processing companies. When was the last time you heard a small business owner saying anything good about their bank? Was it hard to think of a time? It probably was. Thus, it’s almost a no-brainer as to why the Monetha opportunity has so many coin investors queuing up to invest.
With over 22,384 now subscribed to the Monetha ICO Insider list, investors need to act fast in order to secure their place on the Monetha crowdsale.
But Isn’t The Whole Crypto-Industry A Bubble?
Many ICO Investors falsely assume that in order to capitalise large returns on their investment, they need to invest early, and exit quickly.
This is not only untrue, it’s in fact the opposite.
When you invest in Monetha you become a hero to all merchants because you’re holding these greedy banks and payment processing companies accountable for charging inflated fees and putting unnecessary pressure on thousands of small businesses daily.
The team has a solid roadmap.
They want to start with just processing Ethereum, then develop accepting Ethereum-based tokens, and then finally taking funds directly from a bank account, processing the payment with the Monetha system and then depositing funds into the merchant’s bank account.
Monetha say they want to eventually become invisible, yet used by everyone.
Act Now Before Your Window Of Opportunity Closes
The Monetha token sale will run from August 31 to September 30, 2017 and will be soft capped at 7m Eur, no hard cap has been announced yet.
60% of tokens will be sold during the crowdsale; 10% will go to advisors, bounties and campaign costs; 15% will go towards the loyalty program and 15% will be kept by the team and be vested for 12 months by smart contract.
Until the soft cap is reached the rate for Monetha tokens will be 1 ETH = 2400 MTH, afterwards it will lower to 1ETH = 2000 MTH.
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