Hello, today I am going to introduce you a new and exciting ICO project. This is MoneyToken project.
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MoneyToken is a Blockchain-based Financial Ecosystem focused on cryptocurrency-backed lending and crypto assets leveraging. MoneyToken is a project that promises to provide "encrypted loans, MTC stablecoin and decentralized exchange services", allowing investors to encrypt to get liquidity instantly without having to invest in their investments sooner than they want.
The main idea of MoneyToken comes from wanting to create a lending system where people can use bitcoin, despite their frequent and sudden price fluctuations. No one wants to borrow money with the thought that because of changing the market, he will need to repay ten times the amount he has borrowed.
MoneyToken consists of:
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
How MoneyToken works
Borrowers will use the IMT utility token to carry out their loan transactions. This token has some functions that need to be taken into account.
To start, it offers the user the platform with special privileges that includes discounts up to 60% when borrowing money here. A safety fund will be set up to protect against the possibility of falling into MoneyToken secured currencies as collateral. This fund will be generated from the money received from the retailing of tokens. Cardholders also have the option of becoming a creditor and vote on the future of the platform. More specifically, IMT is a token of the platform that gives you member privileges, where the token MTC is a stable coin where loans will be given. MTC is not involved in selling the token and will always be $ 1 USD.
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MoneyToken wants to allow as many users as possible to borrow money and be a borrower, regardless of their financial status or credit score. Approval of the loan will takes a few seconds, while the amount can be issued almost immediately thanks to the smart contract. All transactions and loans are recorded and executed by the Ethereal-based contract. Deposits are kept in a wallet, protected by multiple signatures. To access the wallet, 3 out of 4 signatures are required. The first is one of them belongs to the borrower, the second is the lender, and the other two belong to the foundation. This guarantees no part, even MoneyToken platform can not access the fund without the help of others. By that way, there is no risk that one of the parts will steal money or cheat someone.
MoneyToken Team
The team behind MoneyToken is relatively small, however it includes many experienced professionals. There are people who have worked in the financial sector and worked with large corporations and banks such as Deutsche Bank, Citibank or many WallStreet companies, while programmers and software developers worked to deliver Develop automated trading systems in equity, options and futures.
The team was led by CTO and co-founder Alex Rass. He is the founder of ITBS LLC and has extensive experience in both Fintech and software development. Next on the list is CEO and founder Jerome MacGillvray. He is a Blockchain enthusiast who is also CEO of a global R & D company. Jeffrey Chudy is the head of their finance and comes from a solid background with companies such as AIG, Citibank and Deutsche Bank. Owen Byrne is in charge of business development and has 15 years of experience in IT consulting and management. And many good members. What an excellent team!
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If you want to invest in Money, here are some key financial details. The ICO trades from May 2, 2018 to June 6, 2018 and the token is MTC. There is a bonus structure to encourage investment. The sales code attracts a bonus of 20%.
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In conclusion, MoneyToken project looks quite certain in technical aspects and solutions for problems which presented in articles. In marketing aspect, the website design and infographics are also done very well and the project seems to be friendly with users. Financial services such as lending are very popular and demand among potential users. So, MoneyToken can attract and encourage users through low fees, secure loans and automated system solutions. Although there may be some risks in the implementation of the project such as the emergence of some competitors, this project promises to bring a simple, reasonable solution that is likely to be welcomed by a large number of investors.
You can figure out about MoneyToken community and other information by visiting these links that I provided below for your decision. Thank you for reading.
More Information:
Website: https://moneytoken.com/
Whitepaper: https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf?ver=1.00
Facebook: https://www.facebook.com/MoneyTokenOfficial/
Twitter: https://twitter.com/MoneyToken
Telegram: https://t.me/moneytoken
Youtube: https://www.youtube.com/c/MoneyToken
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Dayo648
BCT: https://bitcointalk.org/index.php?action=profile;u=1167596
