INTRODUCTION
The world is revolving everyday that will do see new technology everyday. One technology that has changed the phase of the world now is block chain technology. This technology has changed a centralized system to a decentralized system which is more transparent and reliable than the former. Part of the the project through the blockchain is introduction of cryptocurrency.
Many people has heard about cryptocurrency and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is Money Token, a decentralized financial ecosystem of virtual assets that allows its investors to quickly take out loans for the amount of digital assets left in exchange, such as Ethereum, Bitcoin and the likes.
MoneyToken
Moneytoken is new Platform built using the blockchain technology, this new innovation in the crypto currency aim to become the first provider for loans based on crypto currency as a security deposit '' collateral'' for this loans.
Allowing individuals and business owners to solve the problems of the lack of liquid funds to grow their business in the crypto sphere and at the same time using their Crypto assets as a collateral for this loans.
SOME ISSUES MONEYTOKEN WILL ADDRESS
Since the creation of cryptocurrency, rather using them in their daily life to purchase goods and as a payment method, the crypto community has used this technology as assets, investment, and a store of value.
The majority of financial institute and banks refuse to give loans for miners to purchase more mining equipment , or for traders to increase their fiats fund to profit from the opportunity that crypto markets gives when they give their crypto currency as collateral for this loans.
Even some platforms that try to provide loans for indviduals and company Backed up by crypto curreny as a colleteral, fail to do this , due to the high volatility of this digitals assets, which create problems between the lender and the borrower.
SOLUTION MONEYTOKEN WILL PROVIDE FOR THOSH CHALLENGES
Moneytoken will offer a lending platform that will use Fluctuating crypto currency as a collateral for loans provided in fiat currency or stablecoin , for example the borrower want to get a loan in USD, he can use his bitcoins or ethereum as a collateral for this loan.
With This platform, the borrower will not need to verify his assets or the price of crypto currency used as a collateral for his loan,because everything is recorded on the Blockchain.
The Transparency of the moneytoken platform when the user pay the collateral and get the loan , because everything is recorded on the blockchain.
Lending Model
The MoneyToken Lending Model uses fluctuating crypto-assets as collateral for loans given in fiat or stablecoin currency.
The list of advantages of this model is compared to traditional banking schemes or pawnshops :
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.
An option to store collateral in some cryptocurrency assets to stabilize general fluctuations of collateral and lower upward pressure on interest rates.
Transparency of operations during the transfer and storage of a security deposit.
Transparency of collateral evaluation and fluctuations in value from time to time for both parties.
Token Details
Name : MoneyToken
Symbol : IMT
Token Sale price : $0.005
Retail Sale price : $0.05
Max. emission : 20.044 Billion
Bonus Available
MVP/Prototype Available
Platform Ethereum
Accepting ETH, BTC, BCH, LTC
Soft cap 3,000,000 USD
Hard cap 35,000,000 USD
Country UK
Whitelist/KYC KYC & Whitelist
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: Bankroman3
Author's Bitcointalk Profile Link:
https://bitcointalk.org/index.php?action=profile;u=2029645
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