The wide acceptability of cryptocurrency in some parts of the world has been mainly known because of its great increase in value over short intervals and it has been proved with other investment like gold. Bitcoin the first ever know crypto currency has been able to keep up with this rank with the aid of the blockchain technology which makes the transaction fast speedy and secure which most individuals want when it comes to business transaction. This breakthrough of the currency has led to the innovation of all other coins giving a variety of investment opportunities and benefits investment bodies coming up with solutions to traditional process of transaction using cryptocurrency as a solution and seeking of investors to invest via initial coin offerings. The value of bitcoin has kept up sky rocketing via this but it is limited to use because it’s not accepted generally leading it to just the use of investment, keeping it as an asset or for trading purposes all with the aim of making profit. Unavailability to easily convert to fiat currency and otherwise has also become a problem couple with the fact that cryptotcurrency cant be use for domestic activities also. The need for the easy conversion of cryptocurrency and use for other activities such as loans has led to the innovation of the MONETO, a platform that specialized to provide loans in a fiat money on a security of bitcoin. This process diversifies bitcoin cryptocurency usage making it more than just a crypto currency limited to certain things. MONETO platform will offer getting of loans conveniently via bitcoin. This doesn’t mean the bitcoin will be traded for the loan, but will be used as collateral till the time required for payback of the loan which means a win win way where you get to keep your crypto assets and get access to a loan. Most investors are challenged with the conversion and using crypto currency for domestic purposes like paying bill and so on which involves them going to third parties in the process thereby having to sell their bitcoins to get the fiat current to Pay bills in the process. MONETO will give access to loans using the bitcoin as leverage rather than selling it at a little charge and also giving you the desired loan by means desired which is fiat currency which required lots of paper work by traditional bank method and high conventional exchange rate for cryptocurrency exchanger platforms. I know readers will be worried about variation in prices because bitcoin is volatile. The platform will charge little commission if price of deposited bitcoin should increase than the value when the loan deal was sealed which means more money making in the loan process for the lender and for the reverse if the value of bitcoins drop, the value can be bought back from MONETO platform getting back the exact amount of bitcoins that was leveraged for the deal. All this will be carried out instantly on the platform in couple of seconds. The platform has different levels of loans which attract 70% of the total worth of bitcoin deposited and 30% of the remaining bitcoin value will be used incased of any depreciation value of bitcoin. There will be penalties if the deal dead line is breached will be indicated to the loan applicant via the MONETO platform which includes selling on the collateral bitcoin if the lender can’t meet up and if the value of the bitcoin falls below 30%. Loan applicant can also avoid these by extending the deal which means additional deposit of bitcoin to elongate the time deal or their bitcoin will be sold via the exchanger platform and whatever remains will be credited back to the loaner. There is a demo application that can be easily accessed via the MONETO website or via smart phone providing a interface that can be easily accessed loan application and conversion to fiat currency. The blockchain technology added feature to this platform makes it best in terms of transparency, anonymity and security so investors can come invest in this platform rather that trading daily on exchangers which attract very high rate cost of transaction where MONETO can easily give investors more profits on loans.
MTO TOKEN
The MTO token will grant investors access to offer and benefits of this platform and will enable to get loan on more favorable terms in comparison with ordinary borrowers. Clients will be able to buy tokens within the PRE-ICO and ICO and the initial release of the tokens will be launched by the technical standard ERC20 on the ethereum blockchain using a smart contract.
INITIAL COIN OFFERING
There will be two initial coins offering which are the PRE-ICO and ICO.
Start PRE-ICO — 17 April 2018, 08:00:00 GMT;
• The duration of PRE-ICO — 30 days
• Minimum contribution — 0.008 ETH or its equivalent
• Cryptocurrencies accepted — ETH
• The preliminary price of the token for PRE-ICO — 1 МТО token = 0.0008 ETH
• Hard cap for PRE-ICO — 1500 ETH
Start ICO — 10 June 2018, 08:00:00 GMT
• Duration of ICO — 30 days
• Minimum contribution — 0.001 ETH
• Cryptocurrencies accepted — ETH
• The preliminary price of the token for ICO — 1 МТО token = 0.001 ETH
• Soft cap for ICO — 2500 ETH
• Hard cap for ICO — 25 000 ETH
• After the ICO, new tokens will not be issued
Dear readers, let’s be part of the MONETO platform aiding financial break through with a win win chance in terms of getting access to loans and keeping our bitcoin cryptocurrency assets and giving easy means of conversion to fiat currency all at a goal via block chain technology. GET YOUR MTO TOKENS NOW.
FOR MORE INFORMATION ABOUT MONETO KINDLY CLICK ON THE LINKS BELOW
WEBSITE: https://goo.gl/mqsKmU
TELEGRAM: http://t.me/Mone_to
TWITTER: https://twitter.com/monetoteam
FACEBOOK: https://www.facebook.com/Moneto-ICO-210668832840975/
WHITE PAPER: https://s3.us-east-2.amazonaws.com/moneto-whitepaper/moneto_whitepaper.pdf
MEDIUM: https://medium.com/@monetoico/
MY BITCOINTALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=1920725
