MONEY TOKEN: THE CRYPTOCURRENCY BACKED LOAN PLATFORM!

AN INTRODUCTION TO MONEY TOKEN
In the World we live in today, the market is at the stage it is and cryptocurrency assets have gained the characteristics of various financial instruments.
The problem is that, even if the new functional cryptocurrency has a capitalization of several million, it is probably not recognized by the pre-existing fiat financial system as an asset. Even if on the governmental level the cryptocurrency has a certain status, the banking system and its loan services are closed for the cryptocurrency business or the holders of such an asset.
In the majority of banks today, it’s impossible to acquire a loan for the development of a mining farm using cryptocurrency as collateral.
Under the conditions of a cryptocurrency economy, banks and contract participants’ competencies can easily be eliminated by smart contracts, the cost of a loan lowered and the conditions of applying for a loan can finally be made transparent to all parties.
While the blockchain technology allows for getting rid of all the intermediaries in the loan system,
automatic control of risks is a primary advantage of the MoneyToken platform.

MoneyToken is a platform which aims to resolve issues relating to cryptocurrency-backed loans between individual lenders and borrowers, managing clients’ risks and creating a stable lending model using cryptocurrencies as a security deposit.
This MoneyToken has a lending model which uses fluctuating crypto-assets as a collateral for a loan provided in fiat currency or stable coin.

This money token model also aims to facilitate access to credit while building a new credit market loans backed by crypto collateral, based on the security and transparency of blockchain technology.
MONEY TOKEN COIN (MTC)
The MTC (Money Token Coin) is a stable ERC-20 token on the MoneyToken platform which is used as a credit currency for loans or exchanged for fiat money. 1 MTC = 1 USD. The amount of issued MTC will be covered by CDP (Crypto Collateralized Debt Positions) or the equal balance of USD on the platform’s bank accounts.
MTC is an ERC-20 token so users will be able to:
 Transfer MTC to their Ethereum ERC-20 wallets and keep them outside of the service.
 Use them for trading on brokers’ platforms or exchange them for other crypto-assets at exchange points.
 Transfer them between other users of MTC.
Properties of the MTC token are akin to USDT, but MTC can be converted to USD directly at the internal MoneyToken exchange point. This simplifies the exchange to fiat currencies for users.
WHAT TO KNOW ABOUT AMANDA (MoneyToken)
Behind the MoneyToken is Amanda. This Amanda is an Artificial Intelligence (AI) Assistant which would provide an automated loan operation within the platform. Amanda is powered by a deep learning AI algorithm, and the goal of Amanda is to provide human-like services for the platform users.
THE MONEY TOKEN EXCHANGE
With the use of the MoneyToken exchange service, users will be able to purchase and exchange cryptocurrency assets, as well as fiat funds.
The MoneyToken exchange will be used for automation collateral liquidation in cases of collateral currencies price drop.
TO LEARN MORE ABOUT MONEYTOKEN, PLEASE VISIT THE FOLLOWING:
Website: https://moneytoken.com/
Whitepaper: https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf
Abstract: https://moneytoken.com/?utm_source=bitcointalk&utm_medium=bounty&utm_campaign=signature%20campaign
Telegram: https://t.me/moneytoken
Medium: https://medium.com/@moneytoken
Twitter: https://twitter.com/MoneyToken
YouTube: https://www.youtube.com/channel/UCz9r7r5BSoq4eE6guMa7P-w

MY BITCOIN TALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=1011967

MY ETH ADDRESS: 0x2C3C8DE68cC88DD3F7f4adA9490a662556121c92

AUTHORED BY oginiimaoyani