MoneyToken is a loan platform based on Cryptocurency

MoneyToken is a loan model using cryptocurrency as a security deposit. The model aims to facilitate access to credit while building new credit market loans backed by the crypto assurance, based on the security and transparency of blockchain technology. This platform provides solutions for loan problems with crypto asset assurance, because;

Many people consider this cryptocurrency not proven to be very effective as a payment instrument.
The value of crypto coins is considered as an asset rather than a currency, so investors and miners hold cryptocurrency rather than using it to buy goods and services.
The number of platforms that bridge the cryptocurrency-based loans has failed.
Many platforms do not know how to manage credit risk based on cryptocurrency.
The frequent occurrence of congruent cryptocurrency price fluctuations for borrowers and lenders.
The absence of a robust lending platform accepts cryptocurrency assets as loan guarantees.

MoneyToken loan model
This model uses cryptocurrency as collateral for loans provided in fiat currency or other digital assets. Here are the advantages of the MoneyToken loan model.

Auto loan confirmation in seconds or minutes.
There is no requirement for credit assessment or asset verification.
Customers manage their own lending conditions within the boundaries of the provisions of the platform.
Option to store collateral in some cryptocurrency assets to stabilize general fluctuations of collateral and lower upward pressure on interest rates.
Transparency of operation during transfer and storage of security deposit.
Transparency of collateral evaluation and fluctuations in value from time to time for both parties.

Type of collateral cryptocurrency

At the time of platform launch, Bitcoin and Ethereum will be accepted as collateral, these two cryptocurrencies 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 Other popular tokens that have gained enough confidence in the market and supported by successful work products, will be considered as a future guarantee currency.

Loan Currency
MoneyToken provides liquid loan funds in the form of fiat currency or currency cryptocurrency that has a stable value. Fiat currency can be a dollar or currency cryptocurrency like MTC token. MTC is the currency of MoneyToken used as a credit currency for loans or exchanged for fiat money. 1 MTC = 1 USD. The amount issued by MTC will be covered by (Crypto Position Guaranteed Debt) CDP or equal balance USD on platform bank account.

MoneyToken Ecosystem (IMT)
These ecosystems are formed to minimize risk, both for the platform itself and token users. The token function is

Special Terms for Platform Users when depositing IMT to accept Membership of Borrower.
Discount up to 60% for platform fee for Membership of Borrower.
When using a discount from the user's balance, the equivalent of 50% of the discount in USD is charged in the IMT token. The retail price of IMT offered for sale on the platform will be x10 times higher than the price offered in token sales; Therefore token sales are an opportunity to purchase IMT tokens at a discount compared to the retail sale price of IMT on the operational Moneytoken platform.
IMT tokens can be purchased during token sales of $ 0.005. Once the token is exhausted, the IMT token that users use within the platform will be transferred to retail funds and redistributed for retail sales from the platform for $ 0.05.
At the launch stage, this platform delivers the percentage according to the time period;

0.2% a day for short-term loans of 5 to 90 days
10% / year for long-term loans from 6 months to 2 years.
The cost is adjusted conditions by the market, by the borrower and the lender so that it can be changed in the future.

Conclusion
MoneyToken based on blockchain technology that will provide an easy loan. By using the collateral of cryptocurrency assets we can receive liquid loans in the form of fiat currency, crypto coins or with MTC loan token.