MoneyToken ICO - Blockchain Based Financial Ecosystem

brainpow (0)(1)in #blockchain • 7 years ago

The Tokenization of Everything:
Today it’s probably hard to imagine a world where, for instance, you can seamlessly sell your subscription to XYZ service (its token representing the subscription itself) or where people actively buy and sell electricity (or any resource) on peer-to-peer exchanges, but this is because all of the technologies surrounding blockchain tokens are quite new. The following hurdles have yet to be fully overcome:

Government regulation:
Many tokens are potentially “securities” and for this reason, the law is in its infancy as regards adapting to token technology.
Technical debt of average users:
While plenty of value can be derived from technically hard concepts in the short run, none of the companies using tokens to fund themselves or as a basis for their platforms will succeed if everyday users are not able to grasp the concepts underpinning them.
Accessibility:
While one of the great benefits of decentralized economies is that anyone in the world can access them, it’s also true that people without some method of getting online and using electronic banking will continue to be left out of the tokenized economy. From a mission perspective, this creates an upper limit on the actual impact tokens can have on the world.
These issues mitigate every year, with governments legalizing cryptocurrencies; the cost of technology coming down; and increased global connectivity, but until they are a thing of the past, blockchain enthusiasts are likely to continue waiting impatiently for a blockchain-friendly world.

MoneyToken ICO is a blockchain based financial ecosystem that provides crypto backed loans, stablecoins, and a decentralized exchange. If you are holding cryptocurrency and need to quickly pay some expenses in fiat currency, MoneyToken allows you to easily receive liquid assets for use and without losing the value of your underlying cryptocurrencies.
Many people want to take out loans but have to spend their crypto coins and also withdraw any future gains they would have made in the growth in value for those coins in exchange for taking the loan. The MoneyToken platform allows you to borrow liquid funds instantly based on the current value of your cryptocurrency assets.

TOKEN SALE: 2 MAY – 6 JUN
Ticker: IMT
Token type: ERC20 ICO
Token Price: 1 IMT = 0.0050 USD
Fundraising Goal: 41,500,000 USD
Sold on pre-sale: 2,282,551 USD
Total Tokens: 22,490,000,000
Available for Token Sale: 37,35%

MoneyToken is performing a tokensale for the release of the IMT tokens for the platform, Out of a total of 22.49 billion tokens, 42.17% are allocated to the public tokensale, 4.7% are for private and presales, 40% are in a reserve fund, 10% are allocated to the team, 2% are for advisors, 2% for future relationships and 1% is for bounty. The Soft Cap of the tokensale is 3 million and the Hard Cap is 35 million dollars American.

What is ICO ‘’ Initial coin offering’’ :
An initial coin offering (ICO) (derived form initial public offering) is a means of crowdfunding centered around cryptocurrency, which can be a source of capital for startup companies. In an ICO, a quantity of the crowdfunded cryptocurrency is sold to investors in the form of “tokens”, in exchange for legal tender or other cryptocurrencies such as bitcoin or ethereum. These tokens supposedly become functional units of currency if or when the ICO’s funding goal is met and the project launches.
ICOs provide a means by which startups avoid costs of regulatory compliance and intermediaries, such as venture capitalists, bank and stock exchanges, while increasing risk for investors. ICOs may fall outside existing regulations depending on the nature of the project, or are banned altogether in some jurisdictions, such as China and South Korea.