Maybe you heard of many Crypto-backed loans in the market like Salt Lending, EthLend , CryptoPay and CoinLoan, that used cryptos as a collateral. And here comes MoneyToken with a unique platform from the rest.
“MoneyToken is a bright example of the real use of blockchain technology, as well as offering a massive boost for crypto market liquidity for all market players, and especially for businesses.” -Roger Ver (Advisor of MoneyToken)
What is MoneyToken?
MoneyToken is not only a platform but an ECOSYSTEM and it is worldwide, meaning anyone around the world from different countries can borrow, Lend and Loan from MoneyToken. Sample, your from Africa and you want to loan, and the lender is from Europe, it will be easy to loan without the worries and hassle we usually get from banks “the interest rate, credit check and requirements to be qualified for a loan, the difficulties to be approved, the long wait for step by step process”. MoneyToken is here for you, it offers easy financial service, you can loan instantly, fast and easy! Loan 5 Million dollar in 5 minutes without credit checks. That easy!
It will be having a decentralized exchange too so it would be easy to convert IMT and MTC to usd and other currencies available in the platform.
How to Loan?
Deposit and keep Bitcoin or Ethereum as your collateral and get cash as your spending. It is easy to loan now because it is digital money, it can liquidate fast, you don’t have to make your house(Physical assets) as a collateral. You can Loan Currencies such as USD, JPY, USDT, DAI, EUR, BITUSD. Loan based on the current value of your cryptocurrency asset holdings. The loan can paid off in different currencies, including using part of the collateral to repay the loan. MoneyToken here take a Big Part on keeping your Crypto Holdings (your collateral) and giving it back to you WHOLE after you paid the loan. Great right? You don’t have to sell your BTC to spend fiat or when you need it, just loan, keep your BTC as collateral, pay with any currencies then recieve back your BTC.
What Initial Money Token (IMT) and MTC?
IMT will be the token for sale in MONETOKEN ICO. It is a utility token that will be used in the platform,and which will allow you to get a membership and gives you privileges on the platform and up to 60% discount on the platform fees for Customer Membership, and if you want to be a Lender you need to buy IMT to deposit for Lender Membership, and for the discount to apply, 50% of the equivalent in USD is charged on your IMT user balance.
The platform needs to have a stable coin to be used for issuing loans to the Borrowers. And it will be MTC, it is a stable coin that will always be $1. It will be launched on the release of the platform.
Everyone from Miners, Traders, Developer, Investors, ICO’s and even Exchanges can get a Loan and just hold or leverage your Cryptocurrency Assets and Holdings. Maximize your Assets.
MoneyToken will be using Artificial Intellegence Assistant
“Amanda”
Using Artificial Intelligence is the trend for technologies and innovations now, and MoneyToken will be using one named “Amanda” !! Executions of Loan transactions would be accurate and automated.
MoneyToken Card
MoneyToken will also have ATM for you convenience, have cash instantly whenever and wherever you need one. Repay your loan using it. Fast and Easy. Balance will be in USD.
MoneyToken is having a Token Sale until June 6, 2018. This is a Great Project and have complied with all the requirements and regulations in U.S.A. So I recommend this project, Add this to your portfolio, it is a Great investment for 2018!
Website: https://moneytoken.com/
Whitepaper: https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf
My Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=907085