What is MoneyToken?
MoneyToken is a platform that creates loan models using cryptocurrency as security deposit. Our model aims to facilitate access to credit while building new credit market loans backed by crypto assurance, based on the security and transparency of blockchain technology. MoneyToken aims to solve this problem, manage client risks, and create a stable.
What are the advantages of the MoneyToken loan model?
This loan model uses crypto assets as collateral for loans provided in fiat currency or stable currency. This model is the best compared to traditional banking and pawnshop loan models.
- Auto loan confirmation in seconds or minutes.
- There is no requirement for credit assessment or asset verification.
- Customers manage their own lending conditions within the boundaries of the provisions of the platform.
- Option to store collateral in some cryptocurrency assets to stabilize general fluctuations of collateral and lower upward pressure on interest rates.
- Transparency of operation during transfer and storage of security deposit.
- Transparency of collateral evaluation and fluctuations in value from time to time for both parties.
- Interest rates for the type of loan may be settled on the basis of completion.
What crypto asset is guaranteed?
- At the time of platform launch, Bitcoin and Ethereum will be accepted as collateral, these two cryptocurrencies With the largest market capitalization.
- Dash, Litecoin, and other popular cryptocurrencies included in the top 10 uppercase letters will be added as the cryptocurrency backup in the third release platform.
- Adding token sales Other popular tokens that have gained enough confidence in the market and supported by successful work products, will be considered as a future guarantee currency.
What does the borrower receive?
The purpose of the MoneyToken Borrower will be to obtain liquid funds in the USD currency fiat or to use MTC tokens. MTC is a stable ERC-20 token on the MoneyToken platform which is used as a credit currency for loans or exchanged with fiat money. 1 MTC = 1 USD. The amount issued by MTC will be covered by (Crypto Position Guaranteed Debt) CDP or equal balance USD on the platform bank account. The MTC token property is similar to USDT, but the MTC can be converted to USD directly at the MoneyToken internal exchange point. This simplifies the exchange of fiat currency for users.
What technology does MoneyToken use?
The technology MoneyToken uses is AMANDA. Amanda is an Artificial Intelligence assistant who will provide loan operations automatically, based on AI algorithm that aims to provide human-like services for platform users. In addition to Serving as a loan assistant, Amanda acts as a true AI, analyzing client activity on the platform from the first step, to completion for a loan generating predictive action. Amanda helps eliminate the need for intermediaries and managers, commissions and hidden fees, and unclear provisions written in ‘small print’ contracts; all the bad practices of traditional banking. MoneyToken: changing the face of financial services.
How is MoneyToken model mechanism?
The loan process is very simple, the Client creates a loan application account on the platform with assurance of krypto assets. Then the filing will be processed with Amanda technology. Once agreed upon the client will get the loan money in the form of digital assets or fiat money and the client is obliged to pay within the period. After payment of the loan, he will receive all reassurance even if the guarantee has repeatedly increased in value.
In this way, he can obtain liquid funds, save his crypto position and remain in the game of investment in the long run. With MoneyToken, there is no reason to sell your BTC when you need liquid funds.
How is Contribution in MoneyToken?
Users or investors may contribute through the sale of the IMT token in the token sale period. The token sale is in progress, you can visit www.moneytoken.com to make a token payment. Detailed information on this platform is on Whitepaper and the latest information is on the social media channel MoneyToken.
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