MoneyToken - Blockchain-Based Financial Ecosystem.
What is MoneyToken?
MoneyToken is a Blockchain-based Financial Ecosystem focused on cryptocurrency-backed lending and crypto assets leveraging. This system allows borrowers to gain profits from their assets as the market rises, while reducing risk to credit providers and borrowers if the market falls.
The main idea of MoneyToken revolves around the idea that our innovative economic model allows you to hold onto your cryptocurrency and spend cash at the same time.
MoneyToken consists of:
- MoneyToken lending platform that provides loans in fiat currencies or stablecoin, secured by collateral in BTC and ETH;
- MTC - MoneyToken’s own stablecoin;
- MoneyToken decentralized Exchange service.
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.
How secure is the collateral?
- The deal's conditions are captured in Ethereum-based contracts.
- Collateral funds are kept in a wallet, protected by a multi-signature. To access the wallet, ¾ signatures are required. First one of them belongs tothe borrower, second – to the lender, and the other 2 – to the platform.
- Multichain-transactions and multichain smart-contracts will be available in the future, which would allow oneyToken to become completely decentralized.
Advantages of MoneyToken Lending Model
- Automatic confirmation of the loan within seconds or minutes.
- No requirement for credit scoring or verification of assets.
- The customer regulates the loan conditions on their own within the confines of the platform’s terms.
- 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.
- Transparency of the operation during both transfer and retention of the security deposit.
- Transparency of collateral evaluation and the fluctuation of its value over time for both parties.
Token Sale
Private-sale will start on Feb 7, 2018, and will end on Mar 21,2018. Hardcap: $ 5M
Pre-sale will start on March 22, 2018, and will end on May 1, 2018. Soft cap: $ 1.5M and Hardcap: $ 5M
For Main Sale will begin on May 2nd, 2018 and will end on June 6, 2018. Softcap: $ 3M and Hardcap: $ 35M
- Token Symbol: IMT
- ICO Price: 1 IMT = $ 0.005 USD
- Ecer Price: $ 0.05 USD
- MAximal Emissions: 20,044
- Platform: Ethereum ERC20
- Payment: BTC, ETH, LTC, BCH, DASH, NEM
- KYC: YES
- Country of Origin: United Kingdom
RoadMap
MoneyToken TEAM
For More Informations, Kindly Visit:
Website: https://moneytoken.com/
WhitePaper: https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf
ANN Thread: https://bitcointalk.org/index.php?topic=3278664.0
Telegram: https://t.me/moneytoken
Twittter: https://twitter.com/MoneyToken
Author Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1830623