ConsenSys and True Digital to Lauch Ethereum Index

This is an initial step to the goal of making more crypto trading products available for institutional investors
13 March 2018   173

ConsenSys joined forces with TrueDigital, the new division of the trueEx swap marketplace. Companies intend to launch a basic reference index for the Ethereum. such a price guide will be useful for companies developing ETH-related derivatives. This is reported by CoinDesk

At the same time, trueEx plans to launch its own marketplace of cryptocurrency derivatives under the TrueDigital brand. It is expected that the first product of the new site will be contracts for bitcoin. Currently, the tool is awaiting approval by the US Commodity Futures Trading Commission.

Institutional investors and commercial partners are ready for a regulated and liquid marketplace to gain exposure to and hedge these increasingly important digital currencies and commodities. But the marketplace is sorely lacking the necessary foundation, infrastructure and platforms that institutional investors have come to expect in other important markets.

Sunil Hirani

Founder, TrueDigital

It should be noted that the creation of official price indices will be an important step for the further development of cryptocurrency derivatives.

Monetha is about to release first version of its wallet app

Monetha's MVP to be released on March 21 exclusively for MTH holders in order to make a significant step towards fully working decentralized trust and reputation system
23 March 2018   107

Starting from March 31 all of MTH token holders will gain exclusive access to Monetha wallet app - the MVP of the project. The release is considered to be Beta release, and approximately 10,500 of the users of the platform will become the first to test out the product. The app will be available on both iOS and Android.

The wallet itself is based on smart contracts and features

  • making/solving claims;
  • rating merchants;
  • writing reviews;
  • review of purchase history;
  • see clients' and merchants' trust ratings

The integration with Monetha through the app will allow merchants to accept Ethereum based tokens as a payment and then easily convert cryptocurrency into fiat currency. Monetha's mission is 'to develop and deploy the best transaction system that would be based on enforceable contracts without third party between consumer and merchants and a strong decentralised reputation management system'. Its solution is going to be universal, transparent, self-executing and transferable.

To the moment of the publication, Monetha's market parameters are as follows:

Average price: $0.102597

Market cap: $22,274,083

Volume (24): $435,208