Money Token is a Blockchain-based Financial Ecosystem that focuses on cryptocurrency-backed lending. Money Token has a truly innovative concept; hold onto your cryptocurrency and spend on necessary purchases at the same time.
Spending crypto assets today prevents cryptocurrency holders from gaining from any future growth in asset value; investors who buy low need to hold on to their assets in order to benefit from selling high. It's a market where everyone is conditioned to HODL.
But what if you need cash right now? Bills to pay? Equipment to buy?
This is where Money Token steps in.The Money Token platform allows you to borrow liquid funds instantly, based on the current value of your cryptocurrency asset
holdings.
- You take out a loan, using your BTC/ ETH as a collateral.
- In return, you receive an agreed loan amount in a stable currency.
- After repaying the loan, you get your whole collateral back; even if it has increased in value multiple times.
Success of Money Token can further be predicted by the previous records of similar coins like SALT, NEXO etc.
Pre ICO price for SALT was 0.25$ while its ATH was 11.78$ (47 times of Pre ICO price). Similarly, ICO price for NEXO was 0.1$ and its ATH was 0.41$ (4x of ICO price).
More than 50,000 registrations have been done on IMT plateform in a very short period of time which shows its popularity.My prediction says that we can easily expect 10x-20x return in IMT.
What's your prediction on its price? Comment below to share your views on IMT.