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MoneyToken ICO Review: Crypto As Collateral For Borrowing Fiat Currency

MoneyToken. Platform for Smart Loans Backed by Crypto-Assets. MoneyToken’s lending working model uses fluctuating crypto-assets as collateral for a promote provided in fiat currency or stablecoin. MoneyToken will use Ethereum-based smart contracts to safe and sound the terms of the understanding. Collateral funds will be deposited in protected multi-signature wallets requiring 3/4 signatures to access. One signature is owned by the borrower at all times, one owned by the lender, 3rd and 4th are owned by the MoneyToken arbitration service. Multichain transactions and contracts will be available in the time to come, making MoneyToken a fully decentralized platform. The credit fund regulates and influences the maximum possible amount of loans that the platform can give out. After the Token Sale stage, the lending portfolio of MoneyToken will include a total of $20+ million and continue to grow through contributions from early- and late-stage partners as the platform expands and scales. MoneyToken lending platform that provides loans in fiat currencies or stablecoin, secured by collateral in BTC and ETH; MTC - MoneyToken’s own stablecoin; MoneyToken decentralized Exchange service.


About MoneyToken ICO
The problem has been obvious for some time - spending crypto assets today removes the ability of an investor to benefit from any future growth in value; investors who buy low need to hold on to their assets in order to benefit from selling high.   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.   And after loan repayment, you receive your entire collateral back, even if collateral has increased in value multiple times.   With MoneyToken, you are able to acquire liquid funds, save your crypto position, and stay in the investment game for the long run.

Features
  • MoneyToken uses Ethereum-based smart contracts to secure the terms of the agreement.
  • Collateral funds will be deposited in protected multi-signature wallets requiring 3/4 signatures to access.
  • One signature is owned by the borrower at all times, one owned by the lender, 3rd and 4th are owned by the MoneyToken arbitration service.
  • Multichain transactions and contracts will be available in the future, making MoneyToken a fully decentralized platform.
Credit Flow
  • The borrower can withdraw the loan currency from the system for use.
  • The borrower is able to repay the loan ahead of time.
  • The borrower may be able to partially repay the loan ahead of schedule.
  • On the last day of the loan, the borrower may have the opportunity to extend the loan by making an additional deposit.
Loan Repayment and Collateral Refund
  • After the loan is repaid, the user is returned a security deposit to his blockchain address.
Technical Info
  • MoneyToken uses Ethereum-based smart contracts to secure the terms of the agreement.
  • Collateral funds will be deposited in protected multi-signature wallets requiring 3/4 signatures to access.
  • One signature is owned by the borrower at all times, one owned by the lender, 3rd and 4th are owned by the MoneyToken arbitration service.
  • Multichain transactions and contracts will be available in the future, making MoneyToken a fully decentralized platform.
MoneyToken ICO in figures:
  • Token – MoneyCoin (MTC), a stablecoin that powers the system. This coin will be developed later. During the ICO, Initial Money Token (IMT) is on offer.
  • Token Cost – 1 IMT = $0.005 during token sale (to increase to $0.05 afterwards)
  • Fundraising Goal: 35,000,000 USD
  • Total Tokens: 22,490,000,000
  • Available for Token Sale: 37,35%
  • ICO Dates- May 2nd to June 6th 2018

Token Info
  • Name : MoneyToken
  • Token : IMT
  • Platform : Ethereum
  • Type : ERC20
  • Price in ICO : 0.01 USD
  • Soft cap : 3,000,000 USD
  • Hard cap : 35,000,000 USD
BONUS
  • Private sale : 40%
  • Presale : 25-30%
  • Token sale : Up to 20%
  • Tokens for sale : 10,120,000
Conclusion

With IMT guaranteeing a 1000% increase in value upon completion of its ICO, this certainly looks like a good investment in the short term (assuming the ICO reaches its hard cap, which can never be guaranteed). A good team, solid legal strategy and a welcome lack of hyperbole all add up to an ICO that appears more like a real company than many competitors, in a field that can be strong on ideas but weak on detail.

Amanda, the AI loan processor, is far from fully explained and requires a leap of faith. However, here is a product that addresses a real-world problem, and has ambitions that are achievable and realistic: all good things. Whether it has that certain extra that will single it out from the crowd remains to be seen, but MoneyToken’s professional presentation and its A-list team of advisors should be enough to pique the interest of investors.


MoneyToken ICO Review: Crypto As Collateral For Borrowing Fiat Currency MoneyToken ICO Review: Crypto As Collateral For Borrowing Fiat Currency Reviewed by haw on June 02, 2018 Rating: 5

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