MoneyToken ICO Overview — Decentralized Financial Ecosystem

Let’s take a look at the MoneyToken ICO, a blockchain based financial ecosystem that provides crypto backed loans, stablecoins and a decentralized exchange. If you are holding cryptocurrency and need to quickly pay some expenses in fiat currency, MoneyToken allows you to easily receive liquid assets for use and without losing the value of your underlying cryptocurrencies.

Many people want to take out loans, but have to spend their crypto coins and also withdraw any future gains they would have made in the growth in value for those coins in exchange for taking the loan. The MoneyToken platform allows you to borrow liquid funds instantly based on the current value of your cryptocurrency assets.

When you take out a loan, you can collaterize with Bitcoin and Ethereum and in return receive a stable currency, so you can stay in the investment game in crypto and keep your position while acquiring more liquid funds in the short term.

MoneyToken has created an Artificial intelligence agent known as Amanda. Amanda provides automated loans operations to showcase the platforms functionality before the official launch. All of the details about loan parameters, collateral currencies and lending details can be found in the MoneyToken Whitepaper. The actual development of the platform is already underway, with the 1st moneytoken platform release expected to happen this Q1 of 2018, and the 2nd platform release in Q4 2018.

The platform is not just for people looking for loans, it can also be used by Miners to invest in more equipments and hold their mined coins, for ICOs to quickly access cash for short term business need, for exchanges to hedge exchange risk and leverage their assets, and for traders and investors to increase their liquidity.

The Initial Money Token ticker IMT is the heart of the MoneyToken platform and is used to become a lender, receive discounts on platforms fees, and participate in the decentralized decision making system.

MoneyToken will also introduce a debit/credit card which allows you to get cash anywhere quickly. You can maintain a card balance in US dollars, cash-in your loans money and repay it without any technical knowledge.

The MoneyToken team backing the project includes CTO Alex Rass who has many years of experience in the US fintech sector at Goldman Sachs, Prudential Financial and Bloomberg. With over 15 years of experience developing software systems, marketing and strategic planning of IT products, he is also an advisor to CoinDesk for technical issues on blockchain and computer security. Also, The CEO Jerome MacGilivray has been the CEO of a global R&D software development company and blockchain enthusiast who co-founded money token with a desire to grow the value of cryptocurrencies and both assets and as a global payment system. As well, Jeffgrey Chudy is in charge of MoneyToken Finances and has over 15 years of experience in valuation, risk and consulting at AIG, Ernst asn dYoung, Bear Stearns, Deutsche Bank and Citibank. As for the MoneyToken Advisory Board includes David Allen Cohen who is a foundation member at IOTA, Steve Rubakh who owns bitcolab mining, and Didi Taihuttu, the guy who sold his house for Bitcoin and is all in on the industry.

MoneyToken is performing a tokensale for the release of the IMT tokens for the platform, so lets break down the details. Out of a total of 22.49 billion tokens, 42.17% are allocated to the public tokensale, 4.7% are for private and presales, 40% are in a reserve fund, 10% are allocated to the team, 2% are for Advisors, 2% for future relationships, and 1% is for bounty. The Softcap of the tokensale is 3 million and the hardcap is 35 million dollars American.
If you want to learn more about the MoneyToken platform and how to lend your crypto for liquid assets, check out their website at www.moneytoken.com

Would you lend your cryptocurrencies out to get some cash knowing you’ll get those same coins back without losing value. Of course if Bitcoin or Ethereum goes down in price you would end up losing value as opposed to cashing out. Let me know in the comments down below.

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