Money Token is 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 ETH, Btc and so on. Cryptocurrencies have gained mass media traction especially during the last couple of years. The bounce in the prices during this time frame have created overnight millionaires worldwide.
Money Token Vision
At this stage of the market’s development, we see that cryptocurrency assets have gained the characteristics of various financial instruments. We can divide cryptocurrencies by their qualities and algorithms into investment assets and means of payment.
What problem does Money Token solve?
The problem has been obvious for some time - spending crypto assets today prevents cryptocurrency holders from gaining on any future growth in asset value; holders who buy low need to hold on to their investments 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 repaying the loan you receive your whole collateral back even if the collateral has increased in value multiple times.
This way, you're able to acquire liquid funds for immediate needs, and save your crypto position, all at the same time.
Moneytoken will create a P2P credit platform, where everyone can become a borrower and lender. Now I will explain in more detail the project work.
To become a borrower, you have to go to the loan area, choose a condition that suits you from being provided. Deposit in crypto currency and receive money. In the early stages, two crypto-currency and etherium bitcoins will be used on bail, and the borrower will receive money in the token in the tether. Because it tether the least possible inflation or deflation against the US dollar. Loans can be paid ahead of schedule or extended for additional warranties. As soon as the client repays the loan, the promise will return to him at the same time in full. If for some reason the borrower does not pay the loan on time, the platform sells his promise to exchange and compensate for all damages to the participants, and the rest is given to the lender. With creditor, everything is much easier. They put their apps on the platform with their condition and wait for the client.
Money Token Ecosystem
A. Initial Money Token (IMT)
The solution that we have developed to minimize the risks, both for the platform itself and its users – a token with a specific functionality.
a. Token Functions
b. IMT’s properties
Money Token Safety Fund
In order to level out any risks tied to a possible rapid drop of the collateral currencies’ value in comparison to the value
of the loans given out, or difficulties in processing of the collateral asset, a MoneyToken safety fund will be created.
The safety fund portfolio will consist of:
Money Token Credit Fund
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.
About Tokens
Name: MoneyToken
Token: IMT
Platform: Ethereum
Type: ERC 20
ICO Price: 0.01 USD
Roadmap
February 2017
June 2017
November 2017
December 2017
February 2018
March 2018
Q1 2018 — MoneyToken platform 1st release presentation
May 2018
Q4 2018 - MoneyToken platform 2nd release presentation
Q2 2019 — MoneyToken platform 3rd release presentation
Q4 2019 — Full decentralization and Phase 4 of platform release
Detail Informations
Website : https://moneytoken.com/
Whitepaper : https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf
Telegram : https://t.me/moneytoken
Author : kokowannabe
MyBitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1692321
ETH : 0x2f07570FAb3CF47d0d2E0CFD7441CF4Bfe186922
