MONEY TOKEN PROJECT SUMMARY

INTRODUCTION

There has been a significant growth in value of all the majority of cryptocurrencies – Bitcoin, Ethereum, Litecoin, Monero and other major cryptocurrencies over the past one year, looking at market capitalization charts briefly, and also a strong indication of an increase in growth in the future, which is a clear reflection both a loss of faith in traditional money systems and a growing confidence in the power of blockchain technology.
However, much is left to be desired with the use of cryptocurrencies as payment instruments for ineffectiveness thereby resulting to the keeping of these coins as assets rather than use them for buying and selling of goods and services by investors and miners alike.
One trusted solution is a credit model in which volatile crypto-assets act as collateral while credit is granted in a stable currency.
Cryptocurrency owners, users, and miners attitude has been against expectations since the invention of cryptocurrencies. Preference is given to the storage of coins as a long-term investment, instead of
having them in the wallet for day-to-day use in purchase of goods and services.
However, cryptocurrencies that have proven to a quick appreciating assets, is also a valuable asset for lending and crediting.
Early cryptocurrency traders with significant paper gains will find the market for this type of platform attractive, since it consist of providers of services for cryptocurrency purchases, cryptocurrency exchangers, projects that are received from Token sales, and miners.
Traditionally, many banks will not accept cryptocurrency as collateral for a loan to develop say mining farm. The bank, as lending institutions has one main function in the current fiat system of loans secured by collateral is assuaging value to the assets and business of borrowers to minimize the risks of default on debt, besides the verification of assets, individuals and businesses.
But with blockchain-based credit system the aforementioned functions are not necessary because the value of the collateral asset at any moment is public and the credit terms are transparent and sealed in a smart contract; devoid of intermediaries, only the link that ensures the completion of the transaction and the smart contract.
By the use of smart contracts, the cost of a loan is lowered, conditions for loan application can be made transparent to all parties, and competencies of bank and contract participants are easily eliminated.

UNIQUENESS OF MONEYTOKEN PLATFORM
MoneyToken’s lending model uses fluctuating cryto-assets as collateral for a loan provided in fiat currency or stablecoin.
ADVANTAGES OF THIS MODEL OVER TRADITIONAL BANKING OR PAWN BROKERS’ SCHEMES
 Automatic confirmation of the loan within seconds or minutes.
 No requirement for credit scoring or verification of assets.
 The customer regulates the loan conditions o their own within the confines of the platform’s terms.
 An option to deposit the collateral in several cryptocurrency assets in order to stabilize the general fluctuation of the collateral and lower any upward pressure on interest rates.
 Transparency of the operation during both transfer and retention of the security deposit.
 Transparency of collateral evaluation and the fluctuation of its value over time for both parties.
wwwww.moneytoken.comw.moneytoRoadmap
February 2017
Concept development
Formation of the team

June 2017
Platform development underway

November 2017
International Patent filing to protect, the IP
of tie platform

December 2017
February 2018
Private Sale round

March 2018
PreSale round

Q1 2018 — MoneyToken
platform 1st release
presentation
Stablecoin as a loan currency
Bitcoin and Ether as a collateral
Repayment to Collateral Ratio selection
Loan repayment using collateral
Loan term extension options
Early repayment options
Amanda operating as loan assistant

May 2018
Token Sale round

Q4 2018 - MoneyToken
platform 2nd release
presentation
Options to become a lender, depositing
IMTs
Multi-currency collateral; multisignature
collateral custody feature
Exchange service
MoneyToken Payment Card
Referral program
MoneyToken lending API for external
platforms: exchanges, wallets, mass
media

Q2 2019 — MoneyToken
platform 3rd release
presentation
Adding more popular stable coins as
credit currencies
Obtain financial licences and begin
integration of fiat currencies as credit
currencies
Adding successful ITO tokens with
working products as collateral
MoneyToken Mobile App
Amanda as SaaS (Software as a Service)
for other financial services

Q4 2019 — Full
decentralization and
Phase 4 of platform
release
MoneyToken decentralized exchange
launch
Decentralized decision making system
Atomic swaps and multi chain
transactions, smart-contract deals
For more about MoneyToken, Visit the Following addresses:
Official website: https://moneytoken.com
Whitepaper Link: https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf
Twitter Linkhttps://twitter.com/MoneyToken
Facebook Link: https://www.facebook.com/MoneyTokenOfficial/
Bitcointalk Link:https://bitcointalk.org/index.php?action=profile;u=1828747