Borrow funds instantly with MoneyToken

Let me acknowledge you to this project which is going to bring a revolution for miners, traders and investors, ICOs and exchangers. It allows users to take a loan on the basis of cryptocurrencies which they don’t have to sell if they need fast cash. In past, the only option with us, the crypto community was to sell our coins if we needed cash regardless of the prices.
The project is called MoneyToken which allows users to borrow liquid funds, instantly, based on current value of his cryptocurrency asset holding.

How can you get a loan?
To loan, you need to visit the MoneyToken website. On money token website, there is a column “Apply For A Loan”. When you click on it, it will redirect you to sign in page. If you are an existing user, you can sign up or click on Sign Up to create an account. You need to register yourself by putting in your email address and your country. A confirmation mail will be sent to your mail. Confirm the mail and set up your account. For privacy you can set up two factor authentications or even use Google authenticator. The user needs to verify profile. The first step of loan application is the desired loan amount is USD and the collateral amount in BTC or ETH and the loan duration between 5 to 90 days. The amount of collateral is directly proportional to the desired loan amount and loan duration. Step 2 is depositing the collateral. Step 3 is approval of the deal. Step 4 is receiving the credit funds. The platform of loaning is supported by smart contracts which regulate the collateral funds and credit funds between the borrower and the MoneyToken platform.

The credit fund can either be in fiat money or stablecoin.

After the user repays the loan, he gets his whole collateral back regardless if the collateral has increased in the value.

Who is Amanda?
To make sure the work flow of the project is smooth and systematic, MoneyToken has Amanda. Amanda is an artificial intelligence assistant who will provide automated loan operations. Amanda is a vital key for the project as it will work like a real-manager but without crooked business.
The AI platform will work with the clients to make a better environment for them by making financial services which will interest them. Amanda will keep tract of the records and history of the collaterals and repaying of loan.

How secure is the collateral?
The collateral is in extreme secure hands. The collaterals are kept in a wallet which is protected by multi-signature. This ensures that the access to the wallet can be done with ¾ of the signatures. These signatures belong to the borrower, the lender and to the platform.
MoneyToken is not just money lending platform perhaps it will create a worldwide and borderless blockchain based financial service ecosystem such as decentralized exchange service and stablecoin.
The platform allows users to use their cryptocurrency assets and utilize them productively without losing them. It is really important for the community of crypto trader and holder for doing new things which was not done yet. It is a new kind of platform for lending which is based on new kind of asset.

For more information visit:
Money Token website: https://moneytoken.com
Money Token Whitepaper: https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf
Disclaimer: This article is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances.
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