MoneyToken: A Plactform for Smart Loan Backed by Crypto-Asset

romanbank (45)in #steemit • 8 years ago (edited)

         INTRODUCTION

The world is transforming to new phases everyday with different innovation and technology surfacing across the globe.
One of the technology that has been the talk of the town now is the innovation of blockchain technology. This new technology called blockchain has solve some challenges we are facing in different sectors.
Through the blockchain technology, most of the centralized system has been decentralized, transaction is more easier than before and things are more secured than ever before.
Both individual and organization are now implementing blockchain technology into their system because the features it carried is no where compare to other technology.

The blockchain technology has transformed the handling of physical cash to digital cash. And this is a great development and advancement to the financial system.
But there are still some challenges facing the use of cryptocurrency. Some people don't understand the motive behind it and how to use it. Some see it as ordinary currency while others sees it as an asset.

People has been expecting a platform to come up and solve those challenges but very unfortunate that non could able to show up.
But a platform is on to show remedy and how to handle and solve those challenges. They are known as MoneyToken.
MoneyToken is a financial platform that emphasis on cryptocurrency lending and assets of what people like doing

MoneyToken is a financial platform built on base of blockchain technology for cryptocurrency users to spend fiat without losing their ground in cryptocurrency asset. MoneyToken is based on blockchain technology, therefore there transparency and reliability system.

Many people whom where dealing with cryptocurrency find it hard selling their assets, because once they sold, they become handicapped to their assets and there won't be any kind of future earnings or profits.

Imaging a situation whereas you don't have any asset on ground and different responsibility is around your corner, how will you survive? How will you able to sponsor all your needed bill?
All these question and challenges make MoneyToken come up with the solution

  HOW WILL MONEYTOKEN SOLVE THOSE CHALLENGES?

MoneyToken gives crypto holders the opportunity to borrow liquid funds based on the current value of their cryptocurrency asset.

MoneyToken uses Amanda which is an is an Artificial Intelligence (AI) assistant providing automated loan operation within the platform. The Amanda has a features that can perdorm human-like services on the platform, it can also track collateral performance and monitoring loan repayments and due dates; thereby there won't be anything like manager nor commission nor paying charges as it is in our normal banking system

      HOW MONEYTOKEN WORKS

STEP 1: A cryptocurrency holder will indicates an interest to acquire a loan, and the loan is given while BTC or ETH is used as collateral.

STEP 2: Then, the cryptocurrency holder is granted the agreed loan amount in a stable currency (MTC).
STEP 3: On successful repayment of the loan, the cryptocurrency holder receives his full collateral back even if it has increased in value. By so doing, the cryptocurrency holder has succeeded in securing his position at the same time solving immediate needs

      CONCLUSION

This platform will give great hope for cryto holders because as a based of blockchain technology, there will be transparency and reliability. Crypto holders will also have the chance to hold their crypto assets and also have access to loan.
This is great right? Yes, it is

This is a great opportunity for everybody especially miners. Everyone will have the opportunity to keep their mined cryptocurrencies while Investing in another opportunities.

FOR MORE ENQUIRY, VISIT

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

Follow on Twitter: https://twitter.com/MoneyToken

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

Follow on 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

Token Sale: https://moneytoken.com/doc/TokenSale.pdf?ver=1.04

Author's Bitcointalk Username: Romanbank

Author's Bitcointalk Profile Link:
https://bitcointalk.org/index.php?action=profile;u=1968530

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