Overview of the ICO project MoneyToken

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ICO project MoneyToken is a financial ecosystem, built on the blockbuster. The platform will provide loans with crypto support, the domestic currency MTC, as well as a decentralized exchange service. The project involves well-known advisers of the crypto and IT areas: Roger Ver, David Allen Cohen, Steve Rubec, Mait Toki and others. The team included Alex Ress, Jerome McGillivray, Jeffrey Chady and others.

Features and tasks of the project

MoneyToken is a credit model where crypto assets can be used as collateral. The new platform is an innovation in the field of blockade. As you know, it does not yet issue loans. In addition, there are other difficulties in the ecosystem. For example, holders of crypto-currency can not get confidence that their return on investment will grow, they do not expect growth in the value of assets. In addition, holders of lower investment do not always expect benefits, because, as a rule, it can be obtained from the sale of higher assets.

The developers of the new MoneyToken platform set the following tasks for themselves:

  • provide liquidity;
  • provide a loan (for example, Bitcoin or the Etherium);
  • increase the income of investors, both large and small assets;
  • improve the security system;
  • ensure transparency.

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So, on the platform will be borrowed liquid funds based on the current value of the client’s assets. The evaluation will be built on the basis of crypto-currency funds. The client will be able to take out a loan that will provide volatile assets, after which the user will receive the required amount in a stable currency.

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

Technical features of the project:

  • The platform uses Ethereum smart contracts to provide all the terms of the agreement;
  • 4-level subscription protection: the security deposit is in a secure wallet, for which three of the four signatures are required (the first signature is from the borrower, the second is from the lender, the remaining two are in the platform system);
  • you can borrow only once;
  • on the platform you can not be both a creditor and a borrower;
  • artificial intelligence is created on the platform “Amanda” – AI, who serves as an assistant and conducts automated transactions on a loan in the system.

For its part, the borrower can:

  • withdraw the credit currency for its use outside the system;
  • to repay the loan before the specified term in the contract;
  • to repay the loan ahead of schedule in part;
  • extend the loan if it makes an additional deposit.

In case of timely or early repayment of the loan, the collateral 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 platform address. At the same time, after paying the loan, the borrower will receive the remaining part of the collateral to his account. In the event of non-payment of a loan, the amount of the pledge may become depreciated, so the borrower will be forced to deposit additional collateral.

Lecture hall

Advantages of the project

MoneyToken has several advantages over other models:

  • 100% security and confidentiality;
  • protection of personal data;
  • automatic confirmation of credits in the accelerated mode;
  • do not need a credit history;
  • verification is not necessary;
  • the borrower can choose one of several loan terms;
  • a borrower can deposit a security deposit using several assets;
  • transparency of all transactions;
  • transparent cost analysis;
  • convenient and intuitive interface;
  • a fair system for issuing loans and their repayment;
  • Compatibility with all modern devices.

Advisers

Team

Local ambassadors

Many cryptanalysts were divided in the evaluation of the new platform. The fact is that MoneyToken has many competitors with a similar principle of work. On the other hand, in a novelty the credit conditions which on advantage will estimate many borrowers are differently thought over.

For more information, visit:

WEB SITE: https://moneytoken.com/

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

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

TWITTER: https://twitter.com/MoneyToken

FACEBOOK: https://www.facebook.com/MoneyTokenOfficial/

TELEGRAM: https://t.me/moneytoken

Author: luioanh

My BitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1233872

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