The market for crypto currencies is the most dynamic of our time. Digital currencies use public accounting systems to file transactions. We are convinced that the future of the current financial system will be dependent on the development of the Blockchain technology and on the reaction of the community. The Blockchain can and will, in our view, be used to achieve a really strong, positive development of the financial system. As you can see, I am trying to keep you informed of these projects on my blog. In this article, I will discuss one of these projects, which is called MоnеуTоkеn.

What is MоnеуTоkеn ?

MoneyToken is a blockchain-based financial ecosystem that in many ways works as a bridge between cryptocurrencies and traditional currencies. It serves as a decentralized exchange service that will provide loans that are backed by cryptocurrencies. Here video below about MоnеуTоkеn :

Solution by MoneyToken

MoneyToken has an innovative concept for some time; hold onto your cryptocurrency and spend it at the same time.
The problem has been obvious - spending crypto assets today prevents cryptocurrency holders from gaining on any future growth in asset value; investors who buy low need to hold on to their assets in order to benefit from selling high. It's a market where everyone is hodling.

But what if you need cash right now? Bills to pay? Equipment to buy?
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, using your BTC/ETH as a collateral.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.With MoneyToken you're able to acquire liquid funds for immediate needs, and save your crypto position, all at the same time.

HOW MONEY TOKEN WORKS

Introducing Amanda

Behind MoneyToken is Amanda. Amanda is an Artificial Intelligence Assistant who will provide automated loan operations within the platform.

Amanda is powered by a deep learning AI algorithm, and her goal is to provide human-like services for the platform users. Besides functioning as a loan assistant, Amanda acts as a true AI, analyzing clients activity on the platform from their first steps, through to loan completion in order to generate predicative actions; for example being able to offer additional financial services, tracking collateral performance, monitoring loan repayments and due dates – all the functions required within an ecosystem that is not managed by any central authority.

Amanda helps remove the need for middlemen and managers, hidden commissions and fees, and obscure terms written in the ‘small print’ of contracts; all the bad practices of traditional banking.

Platform Technical Description

• MoneyToken will use a smart contract based on Ethereum to secure the terms of the agreement.
• The collateral fund will be kept in a protected multi-signature wallet and requires 3/4 signature to access. One signature is owned by the borrower at any time, owned by the lender, third and fourth owned by the MoneyToken arbitration service.
• Multichain and contract deals will be available in the future, making MoneyToken a fully decentralized platform
Collateral Currency
• At the time of platform launch, Bitcoin and Ethereum will be accepted as collateral, these are the two crypto currencies with the largest market capitalization.
• Dash, Litecoin, and other popular cryptocurrencies included in the top 10 uppercase letters will be added as cryptocurrency backup in the third release platform.
• Adding token sales Another popular token that has gained enough confidence in the market and backed by a successful product, will be considered a future guarantee currency.

MoneyToken Exchange

• 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

Advantages and How Money Token Different from other ecosystems

• The Money Token platform is tailored for USD 1000 – 1Million USD loans, small loans are avail too.

• By creating a novel model that unites B2B and B2C approaches, Money Token captures the most excellent features of the entire lending models. The mass of existing platforms act as intermediaries among lenders and borrowers; slowing down the whole loan endorsement and release of funds procedure, Platform operates and manages a credit fund of the systems lenders, so that loan endorsement takes moments and funds can be released almost instantly.

• Money Token supports the growth of stable coins, as we consider this is upcoming of a truly frictionless, borderless, crypto currency-based payment ecosystem. The Money Token platform will provide loans in both stable coins and fiat currency: USDT, bit USD, Dai, and Money-Token’s stable coin, the MTC.

• Money Token doesn’t apply token mechanics to charge extra costs or hide services fees; instead, their token plays a sole infrastructure task, providing advantages to clients such as a discount on ecosystem commissions.

• Money-Token is planned to be rolled out and available internationally (subject to regional and national legislation)

• Money-Token is an infrastructure Plan. It is not only a loaning platform: Money-Token has its system, aimed at developing its stable coin and decentralized crypto exchange service.

Below is the video given why MoneyToken unique from other lending platforms

Tokens Sale

Pre-sale will start on March 22, 2018, and will expire on May 1, 2018. Soft cap: $ 1.5MB and Hardcap: $ 5MM
For General Sale will begin on May 2nd, 2018 and will expire on June 6, 2018 Softcap: $ 3MM and Hardcap: $ 35MM

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
KYC: yes
Country of Origin: United Kingdom

Roadmap

TEAM AND ADVISORS

I took a look at all of their LinkedIn profiles, searched for the additional information on Google and based on my research, they have great chances for success. They aren’t some guys who just graduated from the University and are trying their first businesses. They have a long experience of building and running various businesses. That gives a great foundation for this project as well.

In their advisers, they have, for example,Roger Ver who is the Founder of Bitcoin.com."Bitcoin Jesus" Investor at Ripple, Blockchain.info, Bitpay, Kraken He is most well know for his work promoting Bitcoin and one of the influential person foe crypto world.

CONCLUSION

The potential benefits of MoneyToken are plentiful. While MoneyToken is not technically a lender, it has created a platform for people who need fiat money but whose only collateral is in the form of cryptocurrencies. It’s a way to put cryptocurrency investments to good use while waiting for the price to increase and the investment to pay off. MoneyToken does not solve all of the problems that relate to merging cryptocurrencies with fiat money, but it’s a good step in the right direction.

Important Links :

WEBSITE :https://moneytoken.com/
WHITEPAPER :https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf
YOUTUBE : https://www.youtube.com/channel/UCz9r7r5BSoq4eE6guMa7P-w
TWITTER :https://twitter.com/MoneyToken
TELEGRAM :https://t.me/moneytoken

My Info :
• Bitcointalk Username: Rayed
• Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1944534
• My ETH Wallet: 0x41Ff03242821147337b04c2a62067Cb4fC9945E7