MoneyToken Falling Market Protection Service

May 30, 2018

Current mainstream cryptocurrencies have not behaved as they were expected to do. Instead of becoming a borderless, frictionless currency which could be used to pay for anything, anywhere; these cryptocurrencies have become volatile, valuable assets. Miners and owners of Bitcoin are hodling like crazy.

For cryptocurrency holders the problem is obvious — currencies like Bitcoin are not an attractive or preferable means of payment, since using them to make purchases removes the opportunity to benefit from future growth in value.

Those holders who spent their Bitcoins in the past few years can only look back with some regret at the position they would now be in had they kept their crypto-assets.

But there are always going to be times when asset holders need liquid funds to pay for current needs — whether that is for further business investment (such as miners who need to upgrade equipment or enlarge their operations), extend their asset positions (both in classical assets and crypto-assets), or to pay for immediate day-to-day needs (bills, expenses etc.

This is where Money Token comes in. The MoneyToken platform allows you to borrow liquid funds right now, based on the current and future value of your cryptocurrency asset holdings. You take out a short or medium term loan, collateralized with more volatile assets such as BitCoin and Ethereum — and in return you receive an agreed loan amount in a stable currency.

Concept

MoneyToken is a Blockchain based Financial Ecosystem which consists of:

  • MoneyToken lending platform that provides loans in fiat currencies or stablecoins, secured by collateral in BTC and ETH
  • MTC — MoneyToken own stablecoin
  • MoneyToken decentralized Exchange service

What problem does MoneyToken solve?

The problem has been obvious for some time — spending crypto assets today removes the ability of an investor to benefit from any future growth in value; investors who buy low need to hold on to their assets in order to benefit from selling high.

This is where MoneyToken steps in. The MoneyToken platform allows you to borrow liquid funds instantly, based on the current value of your cryptocurrency asset holdings. You take out a loan, collateralized with more volatile assets such as Bitcoin or Ethereum — and in return you receive an agreed loan amount in a stable currency. And after loan repayment you will receive your whole collateral back even if collateral has many times increased in value.

This way, you’re able to acquire liquid funds, save your crypto position and stay in the investment game in the long run.

With MoneyToken, there is no reason to sell your BTC when you need liquid funds.

Introducing Amanda, the Money Token AI loan assistant

Getting a loan backed by crypto-assets just took another step forward. To create a lightning-fast platform and speed up loan approvals, our team has created an artificial intelligence system — Amanda.

She will be providing loan registration and approval services based on cryptocurrency assets as collateral and loans in stable currencies.

Amanda will walk borrowers through and oversee the entire

process, from loan application to automated status checks to

repayment, and will alert them of any margin calls.

Amanda will also be capable of:

  • Consulting with users of the platform on any questions
  • Helping out during MoneyToken’s ITO
  • Updating registered users and investors on any news and information

 

Amanda will be launching in a demonstration mode to showcase the features of MoneyToken before the official platform launch in 2018.

What’s behind our project?

MoneyToken — A Blockchain based Financial Ecosystem.

MoneyToken includes:

  1. A cryptocurrency-backed Loan Platform.
  2. MTC — MoneyToken stablecoin.
  3. The MoneyToken Exchange service.

The desire to give the cryptocurrency investment community the means to leverage their crypto assets in return for usable stablecoins or fiat currency, providing you with the opportunity to stay in the investment game long-term and gain funding right now.

With MoneyToken, there is no reason to sell your BTC when you need cash or stable currency.

Initial Money Token (IMT)

The solution that we have developed to minimize the risks, both for the platform itself and its users – a token with a

specific functionality.

a. Token Functions

● Privileged terms for platform users when depositing IMT to receive Borrower Membership.

● Up to 60% discount on the platform fees for Borrower Membership.

● When using the discount from the user’s balance, the equivalent of 50% of the discount in USD is charged in IMT tokens.

● The opportunity to become a lender when depositing IMT for Lender Membership.

b. IMT’s properties

● The supply of IMT is limited

● Additional mining is prohibited

Money Token Safety Fund

In order to level out any risks tied to a possible rapid drop of the collateral currencies’ value in comparison to the value

of the loans given out, or difficulties in processing of the collateral asset, a MoneyToken safety fund will be created.

The safety fund portfolio will consist of:

● a percentage reserved from the profits of every credit deal;

● a percentage reserved from contributions attracted to the Token sale;

● funds which will be received by the Platform from the Retail sale

Money Token Credit Fund

The credit fund regulates and influences the maximum possible amount of loans that the platform can give out.

After the Token Sale stage, the lending portfolio of MoneyToken will include a total of $20+ million and continue to

grow through contributions from early- and late-stage partners as the platform expands and scales.

Token Info

Name : MoneyToken

Token : IMT

Platform : Ethereum

Type : ERC20

Price in ICO : 0.01 USD

Private sale : 40%

Presale : 25-30%

Token sale : Up to 20%

Tokens for sale : 10,120,000

Roadmap

 

Join moneytoken sale on https://tge.moneytoken.com/login

More Details About MoneyToken on

Website : https://moneytoken.com/

Whitepaper : https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf

Bounty : https://bitcointalk.org/index.php?topic=3407082.0

Abstract : https://moneytoken.com/doc/Abstract.pdf

Telegram : https://t.me/moneytoken

Medium : https://medium.com/@moneytoken

Twitter : https://twitter.com/MoneyToken

Visit Author at

Bitcointalk Username: Bastiankey03

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2083931

ETH Address: 0xdFF587B0DA3AaE12Fc4980D5643B438911eb6f56

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bastiankey03

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