What is MoneyToken project?

What is MoneyToken project?

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, collaterized 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 will receive your whole collateral back, even if collateral has many times increased in value multiple times. This way, you're able to acquire liquid funds, save your crypto position and stay in the investment game for the long run.

With MoneyToken, there’s no reason to sell your BTC when you need cash or stable currency. MoneyToken provides crypto-backed loans, stablecoin MTC and a decentralized exchange service.

What does MoneyToken work?

This platform lets you take a loan by using different volatile assets such as Ethereum and Bitcoin as collateral—in return, you’ll get a loan amount that’s available in a stable currency. Once the loan is repaid, you’ll get back the entire collateral even if it has increased in value.

With this platform, you’ll not only acquire liquid funds but also save the crypto position and stay right in the heart of the long-term investment game. Put simply, with MoneyToken, there isn’t any need to sell your owned BTC or ETH whenever you need stable currency or cash.

This blockchain-based (similar to ArmPack, THEKEY, BunnyToken, Upline, TrustaBit) credit ecosystem is ideal for all those miners who’re finding it difficult to raise funds to get new mining equipment; it’s meant for those traders and investors who want to make it big in the crypto-investment landscape; likewise, the network is ideal for ICOs looking to access quick cash for short-term needs.

Lastly, the platform can even be leveraged by crypto exchanges looking to bring down the hedging risks by securing extra cash.

Leveraging the power of smart contracts

This is a one-of-its-kind blockchain-based credit system where the value of any crypto asset can be used as collateral. However, the value and credit terms and conditions in this model are transparent and publically available at any moment—plus, they’ll be governed by smart contracts. Due to the presence of a blockchain and smart contracts, the lending model doesn’t need any intermediary apart from the link that ensures a transaction’s completion. As a result of the absence of intermediaries, all the financial institutes—banks and lenders—participating in the cryptocurrency economy can lower the loan-acquisition costs and improve the overall transparency of the process.

Lending Model

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

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

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.

Interest rates for this type of loan can be settled using the collateral value or paid o in crypto- or fiat currency, in which case the security deposit will be returned immediately after the settlement.

MoneyToken token sale

MoneyToken’s native token is used to fuel the transactions or exchanges happening within the ecosystem.

Here are some token details associated with this ICO project.

ICO details

Ticker : IMT
Price : USD0.005
Maximum emission : 22.49 billion
Private sale : February 7 to March 21 (Hard cap: USD 1,500,000)
Presale : March 22 to April 12 (Soft cap: USD1.5 MM, Hard cap: USD 5,000,000
Token Sale : May 2 to June 6 (Soft cap: USD3 MM, Hardcap: USD35,000,000 MM)
Bonus : Available
For more information:

Website: https://moneytoken.com/

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

Telegram: https://t.me/moneytoken

Twitter: https://twitter.com/MoneyToken

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

Author: tinhkhuat

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373