MoneyToken: using blockchain in bringing innovation into loan managemet

There is an age-long saying that says “cash is king”. This is the wheel that drives businesses and individual spending also depends on cash. Every individual and All businesses need funding to get up and running. One of the best ways to fund a business is through receiving a business loan rather than using one's own personal finances. However, individuals and business owners can sometimes apply for a loan without knowing what the lenders are looking for. Being a business owner is exciting and full of adventure. One of those adventures is finding the funding to begin, and then once started to keep the business afloat. That means looking to lenders for financing, and sometimes facing rejection. Applying for a loan can be scary, even for the most experienced business owner.

Getting loan these days is becoming harder for most individuals and a larger proportion of businesses despite the wider variety of loan financing options available. Even though there are more lending options for individuals businesses than ever before, a crucial step is missing in the process; and no one is paying attention, leaving business owners increasingly frustrated over their rejections for credit lines and loans. It's becoming increasingly difficult for individuals and business owners to secure a loan through banks making financing more challenging. Also, the number of people and companies looking for a loan has increased as a result of the current economic environment. Unfortunately, the number of institutions that are willing to provide loans has decreased substantially. This has created a surplus of people and companies who need but can't get access to a loan in their time of greatest need.

LENDING PROBLEMS THAT MONEYTOKEN HAS COME TO SOLVE

• Delay in getting loans from banks and other financing institutions
• Cumbersome requirements for granting the loan application
• Harsh loan regulatory requirements
• Problems associated with getting physical collaterals
• Complicated and non-transparent of the loan process

These and lots more problems associated with sourcing for loans from banks and other financial institutions are what MoneyToken cryptocurrency platform has come to solve. Since the emergence of cryptocurrencies, there has never been any platform that offers what MoneyToken is offering its partners. When you partner with MoneyToken, you tend to enjoy some benefits over partnering with banks and other financial institutions. The following are the advantages that come with partnering with MoneyToken platform.

• Automatic confirmation of the loan within seconds or minutes.
• No requirement for credit scoring or verification of assets.
• The patron regulates the mortgage situations on their own within the confines of the platform’s terms.
• A choice to deposit the collateral in numerous cryptocurrency assets to be able to stabilize the overall fluctuation of the collateral and lower any upward pressure on hobby quotes.
• Transparency of the operation throughout both transfer and retention of the safety deposit.
• Transparency of collateral evaluation and the fluctuation of its price over time for each event.

LENDING DIAGRAM OF MONEYTOKEN

Moneytoken is a blockchain based economic atmosphere which affords crypto-backed loans, stablecoin MTC, and a decentralized exchange service. The MoneyToken platform offers you the possibility to borrow liquid funds immediately, primarily based at the current marketplace price of the cryptocurrency you preserve. Accepted collateral relies upon at the volatility of the assets. Such assets with high volatility and excessive market capitalization are Bitcoin or Ethereum. 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.
TOKEN DETAILS

CONCLUSION
MoneyToken cryptocurrency platform has come to solve the problem and challenges associated with loan sourcing. It is not out of place for traders, investors, miners, and exchanges to partner with the platform so as to leverage on their cryptocurrency as a collateral in getting liquid fund.

THE AMAZING TEAM
Every project that will be sucessful always have an amazing team behind it. These are the brains behind MoneyToken.

FOR MORE INFORMATION ABOUT MONEYTOKEN PROJECT, VISIT THE:

Twitter: https://twitter.com/MoneyToken

Join the Telegram Group: https://t.me/moneytoken

Facebook: https://www.facebook.com/MoneyTokenOfficial/

Medium: https://medium.com/@moneytoken

YouTube: https://www.youtube.com/c/MoneyToken

Website: https://moneytoken.com/

Whitepaper: https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf?ver=1.01

Author's Bitcointalk Username: msbtrooper

Author's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2182082;sa=summary

My ETH wallet: 0x88290a269F8EE26CA6182e2aD42C3D40046E4DaC