Cryptocurrency is a new technology that facilitates the journey of human life in transacting. When someone is processing the money quickly, then we can send it immediately without any big cost. Or buy goods, we can use this Cryptocurrency as a means of payment without credit card by others. Cryptocurrencyis the digital currency this time I will introduce a platform that will provide the support of this cryptocurrency platform is very different from the other that is MoneyToken provides loans supported by crypto, MTC stablecoin and decentralized exchange service. At this stage of market development, we will provide Cryptocurrency for a variety of financial instruments. We can divide cryptocurrency with quality and algorithm; into investment assets and means of payment. Investment assets are unstable and Attractive for the long term, made to get levels between levels or different, such as from keywords, Interest rates and so on. Cryptocurrency payments made to support the degree of freedom รข € "they are usually printed with keywords: algorithm, function, function, function, function, function, function, function, function, function, function, function, function, function, function, function, function, functions, functions, functions, functions, information, service and financial systems used for Cryptocurrency business or enterprise.
Platform Technical Description
MoneyToken will use the Ethereum smart contract to guarantee the terms of the agreement.
Collateral funds will be kept in a protected multi-signature wallet and require 3/4 signatures to access. One signature is owned by the borrower at any time, owned by the lender, third and fourth owned by
MoneyToken arbitration service
Multichain and contract transactions will be available in the future, making MoneyToken fully decentralized
platform.
Cash Flow
The borrower can withdraw the loan money from the system to use.
The borrower is able to pay off the previous loan.
The borrower may be able to pay part of the loan ahead of schedule.
On the last day of the loan, the borrower may have the opportunity to extend the loan by providing additional
deposit.
Guaranteed Currency
At the time of platform launch, Bitcoin and Ethereum will be accepted as collateral, this is the second crypto emergency with the largest market capitalization.
Other popular dashes, litecoons and cryptoes that are among the top 10 most capitalized will be added as
crypto warranty on the third release platform.
Adding a token sale of another popular Token that has gained enough confidence in the market and backed by a successful Success Product, will be considered a future collateral currency.
Loan Currency
The purpose of a Money Token client is to obtain liquid funds in either fiat currency (USD for example) or cryptococcus that is more suitable for the purchase of goods and services (stablecoins). The most convenient option today is USD Tether. Exchange rate for USDT remains stable when compared to Bitcoin, and is easily exchanged for dollars as it is backed by dollar-backed collateral. Tether accepted for agreement on most of the board of brokers crypto scholars. Tether market capitalization has grown from about $ 55 million in April 2017 to $ 430 million in September 2017, a 781% increase.
The problem is clear for some time - crypto currencies such as Bitcoin and Ethereum are increasingly unsuitable as a means of global friction, unpopular payments.
Their assets such as behavior make them more suitable for holding strategies, because their volatility carries risks and rewards; Bitcoin's spending today eliminates the ability of investors to benefit from future growth in value; investors who buy low needs to keep their assets in order to profit from high sales.
With the explosive growth in the value of major crypto currencies last year, holders who spent their Bitcoin in recent years can only look back with little regret at the position they now face if they keep their crypto assets. .
This is where the MoneyToken steps come in. The MoneyToken platform allows you to borrow liquid funds now, based on your current and future value of your current and future crypto assets. You take out a loan, secured by more acceptable assets such as Bitcoin and Ethereum - and instead you receive an agreed loan amount in a stable currency.
The platform is designed for a $ 10K - $ 1M loan, a small loan is also available.
By creating a new model that incorporates the b2b and b2c approach, MoneyToken uses the best features of all loan models. Most existing platforms act as intermediaries between lenders and borrowers; slow down all loan approvals and disbursement of funds. MoneyToken manages and operates credit funds from the platform lender, so loan approval takes a few seconds and funds can be issued immediately.
MoneyToken supports the development of stable coins, as we believe this is a completely unobstructed, frictionless, crypto-based currency payment system. The MoneyToken platform will offer loans in paper currency and stable coins (bitUSD, USDT, Dai, and MoneyToken have their own stable coins, the MTC).
MoneyToken is meant to be launched and available globally (subject to national and regional regulations)
MoneyToken does not use tokens mechanics to impose additional fees or hide service fees; Instead, our tokens play a unique infrastructure role, providing benefits to customers such as discounts on platform services.
MoneyToken is an infrastructure project. This is not just a lending platform: MoneyToken has its own ecosystem, which aims to create its own decentralized service and exchange service.
Due to the nature of the asset, loan approval takes a few seconds
No credit check or credit rating
The terms and conditions of the loan are very flexible
Transparent transfers and transfers
There is no need for a complex trust relationship between the borrower and the creditor - the MoneyToken platform acts as a guarantor and arbitrator
Transparency evaluation of collateral value and real time tracking fluctuations in asset values.
Anyone in the crypto currency community can use and avail MoneyToken services, either as a holder or investor.
To obtain a loan, the borrower provides a certain amount of BTC / ETH as deposit, sending it to a multi-signature wallet. Instead they receive the credited sum agreed upon in the selected stable currency.
After the loan, plus the interest is repaid, the borrower receives all the deposit back.
The lender is protected by overcollateralization and the borrower can choose the ratio of debt to the mortgage itself during the preparation of the loan. Agent AI MoneyToken, Amanda, manages and monitors the performance of the secured crypto assets and provides automatic warnings and actions where necessary; and both parties are protected by the multi-signature wallet mechanism and the MoneyToken arbitration service.
You can find out more by viewing our video and see our case study, 'Mike the Miner'.
MoneyToken takes the client deposit deposit seriously - our reputation and future depend on it. QA, security testing and penetration are important aspects of our project at every stage of development.
MoneyToken uses the Ethereum smart contract to secure the terms of the agreement
Collateral funds are kept in protected multi-signature wallets that require ¾ signatures to be accessible. One signature is owned by the borrower at any time, owned by the lender, 3 and 4 owned by the MoneyToken arbitration service.
Transactions da
About the MoneyToken ecosystem
Initial Money Token (IMT)
The solution we developed to minimize the risk, both for the platform itself and its users is a token with a specific function. The token function is:
Privileges for platform users when depositing IMT to accept Membership of Borrowers.
Discount up to 60% for platform fee for Membership of Borrower.
When using a discount from a user's balance, the equivalent of 50% of the discount in USD is charged in the IMT token.
Opportunity to become a creditor when depositing IMT for Membership of a lender.
Token IMT is a utility token with its implementation using KYC (Know Your Clients) .Token IMT can be purchased during the sale of tokens for $ 0.005. After the token sales phase ends, available IMTs are sold in retail sales. The IMT Retail Price in our platform will be $ 0.05, which is 10 times higher than the token sale price. This will increase over time and never lower than the token sale price. Funds received from IMT Retail sales will be transferred to the MoneyToken security fund to protect the lender. Details of tokens on public sale as follows:
Token: IMT.
Price: 1 IMT = 0.005 USD.
Platform: Ethereum.
Cryptocurrency reception: ETH, BTC, BCH, LTC.
Public Token Sales: May 2, 2018 - June 6, 2018.
Soft cap: 3,000,000 USD.
Hard cap: 35,000,000 USD.
Country: UK.
Whitelist / KYC: KYC & Whitelist.
MoneyToken Security Fund
To level out any risks associated with the possibility of a rapid decline in the value of a collateral currency when compared to the value of a given loan, or difficulty in processing a collateral asset, a MoneyToken security fund will be created. Safety fund portfolio consists of:
Percentages are reserved from the profit of any credit agreement.
Percentage backed up from contributions interested in Token sales.
Funds to be received by the Platform from Retail sales.
OFFICIAL SITES
Profile eskopi
https://bitcointalk.org/index.php?action=profile;u=1581949
https://bitcointalk.org/index.php?action=profile;u=1581949
ETH ADDRESS
0x1a462F188E33E59FFFB4a8Cc5711AddF30cA10bE
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