- Company Name: MoneyToken
- Country of Origin: UK
- Industry: Credits / Loan in crypto
- Concept Short Description: With Money Token, There Is No Reason to Sell Your BTC When You Need Cash or Stable Currency.
- Description: MoneyToken is a Blockchain based Financial Ecosystem which consists of:
MoneyToken lending platform that provides loans in fiat currencies or stablecoins, secured by collateral in BTC and ETH
MTC - MoneyToken own stablecoin
MoneyToken decentralized Exchange service
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 will receive your whole collateral back even if collateral has many times increased in value.
This way, you’re able to acquire liquid funds, save your crypto position and stay in the investment game in the long run.
With MoneyToken, there is no reason to sell your BTC when you need liquid funds.
How does the project create value to the ecosystem and differs from competing projects
The platform is tailored for $10K - $1M loans, small loans are available too.
By creating a new model that combines b2b and b2c approaches, MoneyToken captures the best features of all lending models. The majority of existing platforms act as intermediaries between lenders and borrowers; slowing down the entire loan approval and release of funds process. MoneyToken manages and operates a credit fund of the platforms lenders, so that loan approval takes seconds and funds can be released almost instantaneously.
MoneyToken supports the development of stablecoins, as we believe this is the future of a truly borderless, frictionless, cryptocurrency-based payment system.
The MoneyToken platform will offer loans in both fiat currency and stablecoins (bitUSD, USDT, Dai, and MoneyToken’s own stablecoin, the MTC).
MoneyToken is intended to be rolled out and available globally (subject to national and regional legislation)
MoneyToken does not use token mechanics to charge additional costs or hide services charges; instead our token plays a unique infrastructure role, providing benefits to customers such as a discount on platform comissions.
MoneyToken is an infrastructure project. It’s not just a lending platform: MoneyToken has its own ecosystem, aimed at creating its own stablecoin and decentralized exchange service.
- Crowdsale Open Date:
May 2 2018 @ 3:00 pm
- Crowdsale Close Date:
June 6 2018 @ 3:00 pm
- Accepted Contribution Methods
- Token Name: MoneyToken
- Token Symbol: IMT
- Blockchain Technology: Ethereum
- Total Token Supply: 22,000,000
- Crowdsale Token Allocation: 8,000,000
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