Monetha ICO sold out quickly this morning. It started at 7am my time (PST). I didn’t have a chance to check until about 7:20am, after getting my four-year old son out of bed and dressed, and it was already sold out.
Sold 50% of total tokens for 95,000 ETH, raising nearly $37M ($387 * 95,000) for a market cap of over $73 million.
In their own words: an efficient payment solution for merchants that enables globally trustful commerce. Decentralised. Empowered by the Ethereum blockchain.
First came across this via Victor at Crypto Crush. His analysis of Monetha was positive, both for the short and long term.
BitCoinTalk discussion says it sold out in a matter of minutes and many didn’t get in despite trying.
TokenMarket described it as “Mix of PayPal and Trustpilot on Ethereum Blockchain”. Currently has 636 followers.
ICORating gave the Monetha ICO a hype score of High and a risk score of Very Low. No in-depth analysis or investment rating.
Monetha currently has 39.6k points on CryptoCompare. Points are awarded for posts, followers, etc so it’s an indicators of interest. Steadily risen over the last month since it was added.
No info on which exchanges will list Monetha yet, but tokens were to be distributed immediately. With so much demand, likely to see active trading. Seems worth watching as it is added to exchanges.
Update (Sept 01, 2017 11:41am PST): Monetha sent an email saying they sold out in just 18 minutes.