MoneyToken is a Blockchain-based Financial Ecosystem focused on cryptocurrency-backed lending and crypto assets leveraging 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.

Money Token is a project that seeks to provide crypto-backed loans to those who have crypto assets. With money token there will be no need to sell off your cryptocurrencies in fiat currencies because the money you need will be made available to you in no time.

The project will also provide a platform for exchange services in a decentralized network. It is a known fact that holders who buy crypto assets at a low price need to hold on to their assets to gain on future growths. If you spend your crypto assets prematurely you will lose out on future gains.

Money token will help you get that needed cash as a loan to avoid you from trading off your valued cryptocurrencies. You will be able to borrow liquid funds instantly based on the current value of the crypto asset you are holding.

The main idea and feature of the lending platform is to create a lending system where people can use electronic money, despite their frequent and sudden price fluctuations. No one wants to borrow money with the thought that by changing the market, he will need to repay ten times the amount he has borrowed.

At present there are few other stablecoins, which can act as an example of how it works. The most convenient option is the USD Tether. The exchange rate for the USDT is still stable compared to Bitcoin, and it is easily exchanged for dollars as it is backed by dollar mortgages. Tether’s market capitalization has risen from $ 55 million in April 2017 to $ 430 million in September 2017, showing the ongoing demand and the high demand for such financial solutions.

Money Token Leanding 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 off in crypto- or fiat currency, in which case the security deposit will be returned immediately after the settlement.

Safeguards secured

All transactions and loans are recorded and executed by the Ethereal-based contract. Deposits are kept in a wallet, protected by multiple signatures. To access the wallet, 3 out of 4 signatures are required. The first is one of them belongs to the borrower, the second is the lender, and the other two belong to the foundation. This guarantees no part, even MoneyToken platform can not access the fund without the help of others. That way, there is no risk that one of the parts will steal money or cheat someone. Such assurances can not be made by most regular and orthodox platforms where users must trust their platform owners with money and their transactions. Furthermore, future Multichain-traded and multi-contract smart-contracts will be available,

Exchange hierarchy

For full control over funds and collateral, MoneyToken will also include a decentralized exchange of their services. Users will be able to purchase electronic money at their option with fiat money and also swap loans with a currency they need. In addition, the exchange will be used to liquidate the collateral automatically in the event of mortgage currency devaluation to avoid any significant losses.

Token

The IMT Token will be used as a platform payment method with the primary role of allowing users to purchase customer membership, a 60% discount on platform fees. In addition, one can become a creditor when sending IMT for lenders. In addition, it will also allow the token holder to participate in the decentralization vote on important issues of the project.

ICO

If you want to make an investment in Money Token, here is a list of some important financial details. The ICO will trade from March 22rd 2018 to April 22nd 2018 and the token code is IMT.

1 IMT will cost 0.005 USD and available funding sources include ETH, BTC, BCH and LTC. A low soft cap of $3million has been set to make this ICO a success while a hard cap of $35 is in place.

There is a bonus structure in place to encourage investments. Token sale attracts a bonus of 20% while the presale and private sale bonuses are 30% and 40% respectively.

10,120,000 tokens are up for sale, representing a 45% distribution in ICO.

Behind The Team

Legal Support

As seen on

Core team

Advisors

Local ambassadors

MoneyToken’s Development

Stage 1. Automated lending platform — Q1 2018

The MVP sandbox of the first version of the platform will be available in the first quarter of 2018.

Goals:

Expanding to Western, European and Asian markets, acquiring marketing metrics and fine-tuning the business development processes.

Optimizing the crediting model and managing the risks inside the market model.

Attracting lenders for the expansion of the MoneyToken credit fund.

Stage 2. Lender membership — Q4 2018

With an optimized model of managing assets and the administration in the fourth quarter of 2018, in order to expand the project’s fund, MoneyToken’s outside lenders will be involved.

Goal: optimizing the financial and the business models to convert to decentralized B2B crediting models in various jurisdictions.

Stage 3. Decentralized B2B2C Network — Q2 2019

Any financial or lending organization will be able to connect to the MoneyToken platform as a lender, allowing further contribution in the MoneyToken credit fund and using the platform functionality on the favourable conditions.

In order to connect to the platform, the lender will need to purchase IMT tokens. The quantity of IMTs required for getting lender status will be defined later and may vary depending on the sum the lender wants to contribute into the credit fund.

All processes on the platform will be automated according to market analysis and mechanisms.

MoneyToken API

The MoneyToken API will be developed. Major cryptocurrency exchanges and wallet services will be able to use the MoneyToken widget on their sites to arbitrate loans to their customers.

Decentralized Exchange launch

The MoneyToken Decentralized Exchange will be launched. This option will be implemented in the 4th release of the platform due to the Roadmap.

MoneyToken exchange will also be used for automated collateral liquidation in case of collateral currencies` price drop

Summary

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.

Follow Money token on Social Media

WEBSITE — https://moneytoken.com/

FACEBOOK — https://www.facebook.com/MoneyTokenOfficial/

TWITTER — https://twitter.com/MoneyToken

YOUTUBE — https://www.youtube.com/c/MoneyToken

TELEGRAM — https://t.me/moneytoken

MEDIUM — https://medium.com/@moneytoken

EMAIL — support@moneytoken.com

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Author: vominhtri1611

Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1353936