Summary
Project name: MicroMoney
Token symbol: AMM
What does AMM token represent: AMM is a utility token. The token is an integral part of the MicroMoney ecosystem and can be used as an internal payment mean or to get access to MicroMoney’s services. The token model is built so that clients will want to use it frequently, thereby creating higher demand for the token.
Total Supply : 60.000.000
Hard cap: $30.000.000
Soft Cap: $15.000.000
Conversion rate: 1 AMM = $1
ERC20 token: Yes
Timeline: 18 OCT, 2017 still 18 NOV, 2017 (please refer to MicroMoney website for most up-to-date information)
Token distribution date: Immediately after contribution
Overview
What does the company/project do?
A decentralized search is achieved by supporting distributed, customer-driven collection of customer activities on the blockchain
Loans for Small Entrepreneurs through smart contracts, transparent and reliable credit history.
Helping clients to build a credit record for future
Helping unbanked small entrepreneurs to grow their businesses by offering them online loans.
Solving hunger and poverty by providing unbanked people with access to financial services and a possibility to build their first credit history on blockchain.
How advanced is the project?
2015 — Combodia: In December 2015, started their business with: $30,000 of initial capital, 3 employees in a teamfirst 20 customers, and all the processes in Excel and Google docs
2016 — Combodia, Myanmar:Started to develop the Decentalized Credit bureau: 35 people team. 23,000 unique registered users
2017 — Combodia, Myanmar, Indonesia, Sri Lanka, Thailand In 2017, the current value of the company is $1.85 mln 85 people in the team95,000+ unique registered users 500,000+ Facebook page likes
What are the tokens used for and how can token holders make money?
AMM token holders will have access to advanced features on the platform, including instant loan application approval on demand.
The more AMM you have, the better your credit rating in the MicroMoney ecosystem.
Borrowers will be awarded AMM token after each payback of a loan.
AMM will be used as collateral to secure loans through the platform
Team
MicroMoney has a large team, all of whom have relevant experience in their respective fields.
The bio of the core team members are shown below:
Sai Hnin Aung — Co-founder, COO. Serial Entrepreneur, experienced biz dev professional, investor, strategic leader, and executive with 18+ years of experience in microfinance & financial services, new loan products initiative, risk management, business start-up, financial analysis.
Anton Dzyatkovskiy — Co-founder, IT & Scoring. Lending Director in Everex (raised $25mln+).
Oknha Sorn Sokna — SONATRA Group, Cambodia, Shareholder. Adviser for Cambodia financial sector of Prime Minister of Cambodia
Tetsuji Nagata San — East Wing Capital, Shareholder.
Mr Yoshiyuki Taira — Grand Corporation Osaka, Shareholder. Grand Corporation Osaka. Japan, Director of Grand Corporation Osaka
Mr Yojiro Tsutsumi — Grand Corporation Osaka, Shareholder. Grand Corporation Osaka. Japan, Director of Grand Corporation Osaka
Opportunities
Today, many unbanked individuals worldwide have no access to traditional banking services because they can’t build credit. MicroMoney solves that problem by connecting users with a loan in as little as 15 minutes, based on the collateral of AMM tokens.
Bringing financially excluded people to the new global crypto economy.
Creating extensive micro-financing ecosystem by providing their franchise to local partners.
Their goal is to enable blockchain companies to efficiently scale customer base by getting access to their open source credit bureau.
Providing partners with the data of millions of un(der)served people (customers) to the new global crypto economy.
MicroMoney clients get immediate loans by applying online through a mobile app. No collateral or additional documents are required.
Social/Emergency Loans (PDLs) and Installment Loans
Loans for Small Entrepreneurs (SME Loans)
MicroMoney enables clients to build and secure their credit records for future by blockchain-based credit record database.
Conclusion
Short term
Neutral. The hard cap is a bit high. The project has received a lot of media coverage which generated awareness. The current market conditions should help Micromoney reaching hard cap with little problem.
Long term
Good. Impressive potential with emerging market. Might be a good hold because Micro money is already an established company and they are trying to expand to several new markets.