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Monetha wallet

  • What is Monetha wallet?

    The purpose of the Monetha wallet is to hold the tokens you earn while using the app.

    It is optional and allows more interaction with the tokens: you can claim them, which moves them from our database onto a public blockchain.

    The wallet can be backed up, restored, and deleted. If you delete it, you will not be able to recover the tokens that have been claimed and stored in that wallet.

    At the moment there is no option to import tokens from a different wallet.

  • How can I top up my wallet?

    Go to the Wallet screen and select "Top up". You will be asked for the amount and cryptocurrency. 

    After pressing "Continue", you will see your wallet's address and the top up amount. You can use this information to transfer funds from a different wallet or an exchange. 

    You can also share the request by pressing the "Share" button on the top right side of the screen or letting others scan the provided QR code. 

  • What are Monetha tokens?

    Monetha tokens unlock various features within the app. They are supplementary, and so are not intended to fully replace other currencies.

    You can earn tokens by using the app and unlocking badges.

    The tokens are stored in our database until claimed. Then they are moved onto a public blockchain.

    The token functionality is still under development and will be improved with future updates.

  • What happens when I claim tokens?

    The tokens you receive in the app are first stored in our database. Claiming them moves the tokens to a smart contract on a public blockchain. This shows your ownership to everyone.

    The claimed tokens can still be used within the app. However, they are locked for any other use, such as selling them or moving to a different wallet.

    The tokens can be unlocked, provided that two conditions are met:

    1. You verify your identity; and
    2. Complete deals with 100 or more other verified users.

  • Can I move my tokens into the wallet?

    Yes, but we do not recommend it. 

    The wallet was designed to hold tokens gained through the app. If you transfer tokens from outside, for example an exchange, they will be in your address, but the app will not show them.