Will Money Token will become the BEST ICO OF 2018? 10x Returns within Few Days

in cryptocurrency •  11 months ago 

This Post is going to be lengthy so stay tuned and read till the end If you are the crypto investor and plz give your valuable feedback regarding this ICO.

Money Token ICO was One of the most hyped ICO of 2018. Basically, their Marketing Strategy was really great. I still remember many Youtubers was promoting the ICO and the feedback was really awesome. At the end of the Token Sale, they raised nearly $37 million within 1 month. The max token Supply was 22B and they claim that unsold token will be burned after ICO End. Now Money Token ICO has ended and all the investors are waiting for their Tokens on their ERC-20 Ether Wallets also all the investors are eagerly waiting for Exchanges. In their Whitepaper, they claim that the Retail price should be at least $0.05 (10x of ICO price) So let's see the Project in details.

Money-token.png

MoneyToken’s lending model uses fluctuating crypto-assets as collateral for a loan provided in fiat currency or stable coin.

The list of the advantages of this model versus traditional banking or pawnbrokers’ schemes:

  1. Automatic confirmation of the loan within seconds or minutes.

  2. No requirement for credit scoring or verification of assets.

  3. The customer regulates the loan conditions on their own within the confines of the platform’s terms.

  4. 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.

  5. Transparency of the operation during both transfer and retention of the security deposit.

  6. Transparency of collateral evaluation and the fluctuation of its value over time for both parties.

In the given Image you can understand the concept of Money Token. In simple world, You will have to provide them Collateral to take Loan from it.

Money-token-plateform.png

TECHNICAL ASPECTS OF MONEYTOKEN

money taken will use Ethereum-based smart contracts to secure the terms of the agreement.

  1. Collateral funds will be deposited in protected multi-signature wallets requiring 3/4 signatures to access.

  2. One signature is owned by the borrower at all times, one owned by the lender, 3rd and 4th are owned by the
    MoneyToken arbitration service.

  3. Multichain transactions and contracts will be available in the future, making MoneyToken a fully decentralized
    platform.

The main point that smart contracts are not as smart today as many cryptocurrency holders are thinking. For example,
Ethereum smart contract can’t control the deals in which other cryptocurrencies are involved, like BTC or BCH. Also, the smart contract won’t work as the events happen automatically.

It needs to be activated manually, or by a back-end script as the oracle is triggered. Many users are not aware of this and believe that a smart contract is an automated contract that can independently control a deal and that it solves the trust issue. Unfortunately, Ethereum is just not there yet. Therefore, until a self-sufficient cross-chain technology appears, the smart contract cannot automatically control the deal.

Consequently, the issue of trust on our platform will be resolved not via the smart contracts, but via multi-signature
addresses: separate ones for BTC, ETH, and other currencies.

1 signature - the Borrower
1 signature - the Lender
2 signatures - MoneyToken as an Escrow agent
3 out of 4 signatures are required.

We don’t use the 2 signatures out of 3 and safe keep the 2 signatures at MoneyToken so that the same person couldn’t
create several accounts as a Lender and a Borrower to make a deal and cheat the platform.
In case of the 3 out of 4 signatures required, none of the parties can take over the funds, and no factor of trust is needed.

MONEY TOKEN ECOSYSTEM

Here are some of the money token ecosystem info:

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.

IMT tokens can be purchased during the token sale for $0.005.

After the token sale, any IMT tokens that users spend within the platform will be transferred to the retail fund and
re-circulated for retail sale from the platform at $0.05.

The retail price of the IMF's for sale on the platform will be set at x10 times the price during the token
sale; therefore the token sale provides an opportunity to buy IMT tokens at a substantial discount compared to the
retail sale price of IMT on the operational Moneytoken platform.

Note: The retail sale is an opportunity to buy IMT tokens and use them within the platform to new users who haven’t
participated in the token sale; it does not imply that the platform will buy back tokens from holders at the x10 price after
the sale is completed.

The funds received from the Retail sale will be transferred to the Safety Fund as a security for lenders. The Safety fund
the mechanism is explained in detail in the Whitepaper.

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.

IMT’s properties
The supply of IMT is limited
Additional mining is prohibited

At the launching stage of the platform, as we’re one of the pioneers in this field and the competition is virtually non-existent, we’re fixating the following conditions that may change in the future:

0,2% a day for short-term loans from 5 to 90 days, 10%/year for long-term loans from 6 months to 2 years
But later fees and deal conditions will be formed by the market, by borrowers and lenders so it could be changed in
the future.

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 money taken will include a total of $20+ million and continue to grow through contributions from early- and late-stage partners as the platform expand and scales.

MoneyToken Credit Fund

  1. a percentage reserved from the profits of every credit deal;
  2. a percentage reserved from contributions attracted to the Token sale; funds which will be received by the Platform from the Retail sale.

So guys what you think about this ICO? I request all the Expert Cypto Marketers kindly Share your Opinion regarding this project. Will it will be the BEST ICO of the Year? What are your Expectations? 10x or 100x?

Thanks

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Yes , till have no doubt that money token have a great future

I had invested in money token

The concept of loans with crypto is amazing but they should bring to the people # expecting 10x

Yesss bro , money token gonna be a hit for sure !

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let's hope for the best

I don't think so, its lacking hype. It can easily go below ico price in the short-term.