MoneyToken - Platform for Smart Loans Backed by Crypto-Assets

ICO MoneyToken project is a financial ecosystem built on blockchain. The platform will provide loans with crypto support, internal currency of MTC, as well as decentralized exchange service. The project involves well - known crypto and IT advisors: Roger Ver, David Allen Cohen, Steve Rubakh, Mate Tokay and and others. 

MoneyToken is a credit model where crypto assets can be used as collateral. The new platform is an innovation in the field of blockchain. It is known that in it yet don't issue the credits. In addition, there are other difficulties in the ecosystem. For example, holders of cryptocurrencies cannot be sure that their profits from investments will grow, they do not expect an increase in the value of assets. In addition, holders of lower investments do not always expect the benefits, as they can usually be obtained from the sale of higher assets.

The developers of Money Token set for themselves the following tasks:

- to provide liquid funds;

- provide credit (for example, for Bitcoin or Ethereum);

- increase investors returns on both large and small assets;

- to increase system security;

- ensure transparency.

Thus, liquid funds based on the current value of the client's assets will be borrowed on the platform. The assessment will be based on cryptocurrency funds. The client will be able to take a loan that will provide volatile assets, after which the user will receive the necessary amount in a stable currency.

In case of full repayment of the loan, the borrower receives the entire amount of the Deposit to the personal account. In addition, the Deposit will be refunded even if it has been increased several times. Thus, the holders will be able to purchase liquid funds for their needs, while maintaining their cryptographic position in a stable state.

Technical features of MoneyToken:

- the platform uses Ethereum smart contracts to ensure all terms of the agreement;

- the presence of a 4-level subscription protection: the Deposit is in a secure wallet, which requires three of the four signatures (the first signature is from the borrower, the second-from the creditor, the other two-in the platform system);

- the credit can be taken only once;

- you cannot be both a lender and a borrower on the platform;

- artificial intelligence is created on the Amanda platform — AI, which serves as an assistant and carries out automated loan transactions in the system.

For its part, the borrower can:

- display the credit currency for use outside the system;

- repay the loan before the deadline in the contract;

- repay the loan ahead of schedule in part;

- extend the loan if you make an additional Deposit.

In case of timely or early repayment of the loan, the Deposit is returned to the borrower's account. If he does not pay the loan on time, then part of the pledge will go to the address of the platform. In this case, after the payment of the loan the borrower will receive the remaining part of the Deposit to your account. In case of non-payment of the loan, the collateral amount may be impaired, so the borrower will be forced to pay an additional Deposit.

Who is the platform for? 

Money Token has a number of advantages over other models:

- providing 100% security and confidentiality;

- protection of personal data;

- automatic confirmation of loans in the accelerated mode;

- do not need a credit history;

- no verification needed;

- the borrower can choose one of several loan terms;

- the borrower may Deposit the Deposit using multiple assets;

- transparency of all transactions;

- transparent cost analysis;

- user-friendly interface;

- fair system of granting and repayment of loans;

- compatible with all modern devices.

Advisers

Team

More information:

Website : https://moneytoken.com/

Whitepaper : https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf

Telegram : https://t.me/moneytoken

Medium : https://medium.com/@moneytoken

Twitter : https://twitter.com/MoneyToken

Youtube : https://www.youtube.com/channel/UCz9r7r5BSoq4eE6guMa7P-w

Author

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