The world of lending grows with the population growth and is the sphere where there will always be demand. This sphere has always been highly profitable, especially abroad. But as the technologies do not stand still and today many have certain crypto assets, the number of holders will also grow very quickly. But there are such situations that the rates of the main crypto-assets fall and grow very rapidly, the volatility at this stage of development is very large. For example, as we observed in January this year. Nevertheless, investors in the crypto currency are also people who have their own needs. To sell Bitcoin at a price of $ 8,000 would not be profitable after it was purchased for $ 15,000. That is, if a depositor needed money, he is forced to sell the crypto currency in a big minus, which in turn deprives him of the incentive to continue investing in the crypto currency. Thus, we have a slightly imperfect system, where we can not only receive, but also lose a lot of money. And now imagine that there is such a platform that allows you to diversify risks, and also provides an opportunity to take out loans. It is thanks to the project, about which I will tell this today it will become possible.
The MoneyToken project is an ecosystem that will provide loans for users on the guarantee of volatile crypto currency. The whole process will take place in 4 steps, namely: Selecting credit terms - entering a pledge - confirming - receiving credit.
Advantages of the project from standard banking services:
The ability not to sell a crypto currency at a low price in order to extract cash, or you can take a loan against these crypts.
The transaction procedure will be very fast. In this case, you will not need to make a trip to the bank branches, stand in line, etc. With all this, there will be an opportunity to leave a deposit in several crypto-currencies, have a transparent assessment of the collateral and much more.
The project will be attended by an AI assistant, who was named Amanda, who will provide all loan operations automatically in the platform. Amanda is a full-fledged project employee who will assist users on all issues, as well as do internal analysis and possibly offer the user additional services. The introduction of AI will avoid a lot of problems that we have in traditional banks, such as questionable managers, hidden commissions, etc.
License for issuing fiat money, which will be received at the entrance of the development platform.
Such assets as ETH and BTC will act as guarantly for the crypto currency, LTC, DASH, etc. will be added at stage 3 of the platform formation. Also in the future, the variant of various tokens will be considered. The currencies for lending will be as follows: Tether, MTC (currency of the platform Money Token) and DAI. The exchange service will also be integrated into the platform, in which it will be possible to exchange crypto-currencies and fiat funds. The ecosystem will include Initial Money Token (IMT), to minimize the risks of the platform and users.
Principle of operation:
Suppose that the market is in a bad position. Having a crypto currency in your assets, you want to expand your business. To get cash you will have to sell it. Instead, MoneyToken offers to take bail out of your Bitcoin and Ethereum (will be available as a loan at the first stage, in the future other currencies will be entered), in exchange for the agreed loan amount. After payment of which the borrower receives his funds back in full. The deposit can be deposited in different coins, thus diversifying the risks, and compensating for the difference in other assets. Early repayment of loans is also present.
About the project's token and distribution:
IMT Token is the internal currency of the project. Additional issue and coin mining are excluded. Tokens holders will be paid dividends, as well as privileged conditions and discounts up to 60%. In addition, the token allows you to become a creditor of the second platform release in the 4th quarter of 2018. The platform will also be used as a stable currency for the MTC token. The number of these tokens will be regulated by the Crypto Collateralized Debt Positions and secured by the presence of USD on the bank accounts of the platform. The token will be used as a credit currency, but in later versions of the platform planned for Q1 2019. MTC will be equated to the dollar for similarity to Tether and will have all the functions and can be used for different purposes.
ICO Terms and Conditions:
Name of the token: IMT Standard: erc20 Total number of issued tokens: 20 044 000 000 IMT Number of tokens allocated for sale: 9 020 000 000 IMT Start of the main sale: May 2 End of the main sale: June 6 Price of the token: 1 IMT = 0,005 $ Accepted currencies: ETH, BTC, LTC, BCH, NEM Hard Cap: $ 41 500 000 Raised at the moment: $ 33 349 056
Road map:
Team:
Conclusion:
In conclusion, I want to say that the project is quite interesting and we get the opportunity not to sell our crypto currency at a loss when we have such a need. In general, the credit industry has always developed, and there will always be people who take out a loan, and in this case there are improvements in this area, so the project will definitely be in demand, which in fact will affect the price of its token. Therefore, I find a real prospect of investing in this project.
More information can be found here:
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