MoneyToken: Platform for smart loans
What is MoneyToken
MoneyToken is a credit model where crypto assets can be used as collateral. The new platform is an innovation in the field of blockchain. It is known that in it yet don’t issue the credits. In addition, there are other difficulties in the ecosystem. For example, holders of cryptocurrencies cannot be sure that their profits from investments will grow, they do not expect an increase in the value of assets. In addition, holders of lower investments do not always expect the benefits, as they can usually be obtained from the sale of higher assets.
If there should arise an occurrence of full reimbursement of the credit, the borrower gets the whole measure of the Deposit to the individual record. What’s more, the Deposit will be discounted regardless of whether it has been expanded a few times. In this way, the holders will have the capacity to buy fluid assets for their requirements, while keeping up their cryptographic position in a steady state.
Specialized highlights of MoneyToken:
- the stage utilizes Ethereum keen contracts to guarantee all terms of the understanding;
- the nearness of a 4-level membership insurance: the Deposit is in a protected wallet, which requires three of the four marks (the principal mark is from the borrower, the second-from the bank, the other two-in the stage framework);
- the credit can be taken just once;
- you can’t be both a bank and a borrower on the stage;
- artificial knowledge is made on the Amanda stage — AI, which fills in as an associate and completes robotized credit exchanges in the framework.
As far as it matters for its, the borrower can:
- display the credit cash for use outside the framework;
- repay the credit before the due date in the agreement;
- repay the credit in front of plan for part;
- extend the advance in the event that you make an extra Deposit.
In the event of opportune or early reimbursement of the credit, the Deposit is come back to the borrower’s record. In the event that he doesn’t pay the credit on time, at that point some portion of the vow will go to the address of the stage. For this situation, after the installment of the credit the borrower will get the rest of the piece of the Deposit to your record. If there should arise an occurrence of non-installment of the advance, the security sum might be hindered, so the borrower will be compelled to pay an extra Deposit.
At this stage of the market’s development, we see that cryptocurrency assets have gained the characteristics of various financial instruments. We can divide cryptocurrencies by their qualities and algorithms; into investment assets and means of payment.
Investment assets are volatile and compelling for the long term, made to earn on the difference between rates of exchange or getting other types of earnings, such as from proof-of-stake algorithms, rate in interest and so on.
What problem does MoneyToken solve?
The problem has been obvious for some time – spending crypto assets today prevents cryptocurrency holders from gaining on any future growth in asset value; holders who buy low need to hold on to their investments 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 repaying the loan you receive your whole collateral back; even if the collateral has increased in value multiple times. This way, you’re able to acquire liquid funds for immediate needs, and save your crypto position, all at the same time.
The MoneyToken Lending Model uses fluctuating crypto-assets as collateral for loans given in fiat or stablecoin currency.
The list of advantages of this model is compared to traditional banking schemes or pawnshops :
Auto loan confirmation in seconds or minutes.
There is no requirement for credit assessment or asset verification.
Customers manage their own lending conditions within the boundaries of the provisions of the platform.
An option to store collateral in some cryptocurrency assets to stabilize general fluctuations of collateral and lower upward pressure on interest rates.
Transparency of operations during the transfer and storage of a security deposit.
Transparency of collateral evaluation and fluctuations in value from time to time for both parties.
At the MoneyToken exchange service, users will be able to purchase and exchange cryptocurrency assets, as well as fiat funds.
MoneyToken exchange will be used for automation collateral liquidation in cases of collateral currencies price drop.
Initial money Token
Up to 60% discount on the platform fees for Customer membership
Become a lender
Participate in the decentralized decision-making system.
Get cash anytime and anywhere
Card balance in USD
Fast and easy loan cash-in
Repay your loan
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
Signature Campaign : 45%
Blog/Media Campaign : 20%
Twitter Campaign : 12,5%
Facebook Campaign : 12,5%
Translation Campaign : 10%
Who is the platform for?
As seen on
Follow MoneyToken on Social Media
Website : https://moneytoken.com/
Whitepaper : https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf
Onepager : https://moneytoken.com/doc/onepager-eng.pdf
Facebook : https://www.facebook.com/MoneyTokenOfficial/
Twitter : https://twitter.com/MoneyToken
Telegram : https://t.me/moneytoken
Medium : https://medium.com/@moneytoken
Authored by Danny_yell: https://bitcointalk.org/index.php?action=profile;u=1273420