MoneyToken is a decentralized financial ecosystem of virtual assets that allows investors to quickly get loans for the amount of digital assets left in exchange, such as ETH, BTC, etc.
The platform is innovative in its kind, allowing it to leave its encrypted assets as collateral and below the amount of these assets to receive stable assets (with low volatility).
Imagine you have bitcoin, but it turns out you need an urgent trust fund, what would you do? Of course, you will find an exchanger and sell your assets, but you know that bitcoin is worth $ 10k today, and tomorrow it could reach $ 20k, so today's platform is made for it.
Thanks to this platform, you will leave bitcoin there, and instead get dollars or other assets, after returning the loan to this platform, you will recover your bitcoin, the course has changed well or bad. This example is more for investors, but that is if you are not an investor, but let's say you are a miner. All loans in this platform are held under smart contracts and are written by chain of custody, which ensures the transparency and reliability of all aspects of this platform.
Since the advent of cryptocurrency, user behavior, owners and miners have proven to be very different than expected. Instead of turning into a true 'virtual currency system' used to buy everyday goods and services (from your morning lattes to homes and cars), Bitcoin and other cryptocurrencies have turned into long-term investments; from something you keep in your wallet into something you keep in your safe. MoneyToken will provide loans supported by crypto, MTC stablecoin and decentralized exchange service for everyone.
Vision of Money Token
At this stage of market development, we see that cryptocurrency assets have gained the characteristics of various financial instruments. We can divide cryptocurrency by quality and their algorithm into investment assets and means of payment.
The investment assets are unstable and attractive for the long term, made to get the difference between exchange rates or earn other types of income, such as from stock proof algorithms, interest rates, and so on.
Cryptocurrency payments are made to support exchange rate stability - they are usually embedded with their own set of mechanisms, a unique algorithm for managing mining difficulties or the release of new coins.
What issues are settled by Money Token?
The problem has been clear for some time - spending today's crypto assets prevents cryptocurrency holders from gaining future growth in asset values; holders who buy low requirements to sustain their investment to profit from high sales.
This is where MoneyToken steps in. The MoneyToken platform allows you to borrow liquid funds instantly, based on the current value of ownership of your cryptocurrency assets. You take out a loan, secured by a more volatile asset like Bitcoin or Ethereum - and in return you receive the agreed loan amount in a stable currency. And after paying back the loan, you receive all your collateral back even if the guarantee has increased in value several times.
In this way, you can obtain liquid funds for immediate needs, and keep your crypto position, all at the same time.
Platform Technical Description
MoneyToken will use a smart contract based on Ethereum to secure 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 the MoneyToken arbitration service.
Multichain and contract deals will be available in the future, making MoneyToken a fully decentralized platform.
Money Token Ecosystem
Initial Money Token (IMT)
The solution we developed to minimize risk, both for the platform itself and its users - a token with
function
A. Token Function
Special terms for platform users when depositing IMT to receive Borrower Membership.
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 Lender Membership
IMT property
IMT supply is limited
Additional mining is prohibited
Security Fund for Money Tokens
To address any risks associated with the possibility of a rapid decline in the value of the collateral currency when compared to the value
loans granted, or difficulties in processing of collateral assets, the MoneyToken security fund will be made.
The safety fund portfolio will consist of:
the percentage reserved from the profit of any credit agreement;
percentages reserved from contributions interested in Token sales;
funds to be received by the Platform from Retail sales
Money Token Credit Fund Fund
credit set and affect the maximum amount of loans that can be given by the platform.
After the Token Sales phase, the MoneyToken loan portfolio will cover a total of $ 20 + million and continue
grow through contributions from early and late stage partners as the platform grows and scales
token
Name: MoneyToken
Symbol: IMT
Token selling price: $ 0.005
Retail price: $ 0.05
Max. Issuance: 20,044 billion
The economic model of BMT tokens
Token works
Special terms for platform users when depositing IMT to receive Borrower Membership.
Discount up to 60% at platform level for Membership of Borrower. When using user balance balances, the equivalent of 50% of USD discounts are charged in IMT tokens.
Opportunity to become a lender by depositing IMT for membership of lender.
Participation in decentralized elections.
What coins can be used to participate?
BTC-ETH-BCH-DASH-LTC-NEM
Sales tokens
The retail price of IMT will be x10 higher than the final sale price of the token, as it is unlimited and will increase in the future and will never be eliminated below the token selling price. Funds received from retail sales will be transferred to a security fund to guarantee the interests of the lender. The security fund mechanism is described in detail in our Whitepaper. We will refund if the flexible limit is not reached. All unsold tokens will be burned.
Bonus
Token distribution
Join our team and buy your TOKENS Moneytoken and enjoy the benefits offered by the most profitable platforms in the market. Do not waste any more time and join our Telegram group so you can communicate with us and clarify any questions you may have. Do not miss this great opportunity offered by the Moneytoken project.
More Info:
SITUS WEB: https://moneytoken.com/
WHITEPAPER: https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf
TWITTER: https://twitter.com/MoneyToken
TELEGRAM: https://t.me/moneytoken
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