Review-MoneyToken (Platform for Smart Loans Backed by Crypto-Assets)

WEBSITE | WHITEPAPER | TELEGRAM | FACEBOOK | TWITTER

Introduction

Since the emergence of cryptocurrencies, the behaviour of users, owners and miners has proved to be very dierent than what was expected. Rather than turning into true ‘virtual coinage systems’ used to buy goods and services on a day-to-day basis (from your morning latte to houses and cars), Bitcoin and other cryptocurrencies have turned into long-term investments; from something you keep in your wallet into something you store in your safe.

Nobody now would suggest buying pizza with Bitcoins as happened back on May 22nd, 2010 (Bitcoin Pizza Day) when a developer bought 2 Papa John’s pizzas with 10,000 units of BTC. "It wasn't like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool," Hanyecz told The New York Times in 2013. "No one knew it was going to get so big."

On the other hand, quickly appreciating assets, which cryptocurrencies have proven to be, have become a valuable asset for lending and crediting.

The market for this type of platform will typically consist of miners, projects that received funds from Token sales, cryptocurrency exchangers and providers of services for cryptocurrency purchases. In addition, early cryptocurrency traders with significant paper gains will also find it enticing.

Going back to the famous Papa John’s pizza order. Today, ten thousand Bitcoins would be worth over $50 million. If all you had in the ‘bank’ was Bitcoins, you could still order that pizza - just take out a loan via the MoneyToken.com platform, deposit 127,601 Satoshi, order and eat your pizza, pay back the loan in USD, and maintain your Bitcoin asset position without loss.

Source whitepaper: https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf

“MoneyToken is a bright example of the real use of blockchain technology, as well as offering a massive boost for crypto market liquidity for all market players, and especially for businesses.”

Roger Ver, Founder of Bitcoin.com, adviser at MoneyToken

What is MoneyToken?
MoneyToken provides crypto-backed loans, stablecoin MTC and a decentralized exchange service

How does MoneyToken work?
Behind MoneyToken is Amanda. Amanda is an Artificial Intelligence Assistant who willprovide automated loan operations on the platform.She will also showcase MoneyToken’s platform functionalitybefore the official platform launch.

What problem does MoneyToken solve?
The problem has been obvious for some time - spending crypto assets today removes the ability of holders to benefit from any future growth in value; holders who buy low need to hold on to their in order to benefit from selling high.

This is where MoneyToken steps in - the MoneyToken platform allows you to borrow liquid funds instantly, based on the current value of your cryptocurrency asset holdings.

You take out a loan, collaterized with more volatile assets such as Bitcoin or Ethereum
In return you receive an agreed loan amount in a stable currency.
After loan repayment you will receive your whole collateral back even if collateral has many times increased in value. With MoneyToken you're able to receive liquid funds and stay in your crypto position all at the same time.

Vision On
stage of this market development, you can see that cryptographic assets acquire the characteristics of various financial products. We can divide encryption into quality and algorithms, investment assets, and means of payment.

Investment assets are fluctuating and attractive in the long run and can result in different exchange rates or earn other types of income such as stock and interest protection algorithms.

Cryptocurrency payments are made to support exchange rate stability. Typically, this combines its own mechanism, the unique limits of mining and proprietary algorithms to adjust the release of new coins.

Who is the platform for?

Miners

Avoid cash flow issues or invest in more equipment, without losing your existing mined cryptocurrency

Traders and investors

Hold on to your cryptocurrency investment portfolio and use leverage to make further investments or increase your liquidity

ICOs

Quickly access cash, without all the red tape, for short term business needs

Exchanges

Meet extra cash needs while hedging exchange risks and leveraging your crypto assets

BENEFITS

the main advantages of the MoneyToken project:

You can make loans in the amount of 500 to 1 million dollars. Can you imagine what kind of turns and opportunities does it provide ?!
The loan is formalized in just a few minutes, because the platform is based on blocking technology.
No lengthy check and must wait. It is greatly appreciated by those who are interested in the quick acceptance of their own funds. But standard banks do an in-depth check, which slows down the lending process and just embeds lives for all of us.
Every operation is transparent
You are guaranteed the confidentiality, that's why no one knows who and how much he receives.