MoneyToken - platform For Smart Loans Backed

Introducing MoneyToken

MoneyToken is a new type of loan platform that provides stable currency loans (based on fiat or coin-based stable), with BTC and ETH collateral. 

The crypto currency lending platform will establish a blockchain-based ecosystem that consists of: 

- MoneyToken loan platform

- Coins are stable

- MoneyToken Exchange Services that are decentralized

- MoneyToken Debit Card

What issues did MoneyToken solve ??

The problem is clear for some time - crypto currencies such as Bitcoin and Ethereum are increasingly unsuitable as a means of global friction, unpopular payments. 
Their assets such as behavior make them more suitable for holding strategies, because their volatility carries risks and rewards; Bitcoin's spending today eliminates the ability of investors to benefit from future growth in value; investors who buy low needs to keep their assets in order to profit from high sales.

With the explosive growth in the value of major crypto currencies last year, holders who spend their Bitcoin in recent years can only look back with little regret at the position they now face if they keep their crypto assets. . 

This is where the MoneyToken steps come in. The MoneyToken platform allows you to borrow liquid funds now, based on your current and future value of your current and future crypto assets. You take out a loan, secured by more acceptable assets such as Bitcoin and Ethereum - and instead you receive an agreed loan amount in a stable currency.

What makes MoneyToken unique from other loan platforms? 

- This platform is designed for a loan of $ 10K - $ 1M, a small loan is also available.

- By creating a new model that combines the approach of b2b and b2c, MoneyToken uses the best features of all loan models. Most existing platforms act as intermediaries between lenders and borrowers; slow down all loan approvals and disbursement of funds. MoneyToken manages and operates credit funds from the platform lender, so loan approval takes a few seconds and funds can be issued immediately.

- MoneyToken supports the development of stable coins, because we believe this is a completely unobstructed, frictionless, crypto-based currency payment system. The MoneyToken platform will offer loans in paper currency and stable coins (bitUSD, USDT, Dai, and MoneyToken have their own stable coins, the MTC).

- MoneyToken intended to be launched and available globally (subject to national and regional regulations)

- MoneyToken does not use tokens mechanics to impose additional fees or hide service fees; Instead, our tokens play a unique infrastructure role, providing benefits to customers such as discounts on platform services.

- MoneyToken is an infrastructure project. This is not just a lending platform: MoneyToken has its own ecosystem, which aims to create its own decentralized service and exchange service.

How is MoneyToken different from a bank?

- Due to the nature of the asset, loan approval takes a few seconds

- No credit check or credit rating

- Terms and conditions of a very flexible loan

- Transparent transfers and transfers

- There is no need for a complex trust relationship between the borrower and the creditor - the MoneyToken platform acts as a guarantor and arbitrator

- Transparency of evaluation of collateral value and real time tracking of asset value fluctuations.

Who can utilize the MoneyToken platform?

Anyone in the crypto currency community can use and avail MoneyToken services, either as a holder or investor.

So, How do I work?

To obtain a loan, the borrower provides a certain amount of BTC / ETH as deposit, sending it to a multi-signature wallet. Instead they receive the credited sum agreed upon in the selected stable currency. 

After the loan, plus the interest is repaid, the borrower receives all the deposit back. 

The lender is protected by overcollateralization and the borrower can choose the ratio of debt to the mortgage itself during the preparation of the loan. Agent AI MoneyToken, Amanda, manages and monitors the performance of the secured crypto assets and provides automatic warnings and actions where necessary; and both parties are protected by the multi-signature wallet mechanism and the MoneyToken arbitration service.

You can find out more by viewing our video and see our case study, 'Mike the Miner' .

How safe is the deposit of the borrower? 
- MoneyToken takes the client deposit deposit seriously - our reputation and future depend on it. QA, security testing and penetration are important aspects of our project at every stage of development.

- MoneyToken uses the Ethereum smart contract to guarantee the terms of the agreement

- Collateral funds are kept in protected multi-signature wallets that require ¾ signatures to be accessible. One signature is owned by the borrower at any time, owned by the lender, 3 and 4 owned by the MoneyToken arbitration service.

- Multichain transactions and contracts will be available in the future, making MoneyToken a completely decentralized platform.

Loan Terms:

- Loan term: from 3 to 90 days (long term loan will also be available)

- Loan amount: from $ 500 to $ 1,000,000 (USD or equivalent)

- Interest rate: from 0.2% to 0.5% per day (or 10-15% APR)

- Special loan terms are available for loans over $ 100,000 and for long-term loans

- Long term loans will be available

Loan currency:
- USD and other currencies

- USDT Tether

- Decentralized DAI stablecoin

- MTC MoneyToken

- BitUSD

Roadmap

- February 2017

Development of concept and team building

- June 2017 

Platform Development is in progress

- Q4 2017 

 International Patent Application to protect IP platform

 Official platform announcement

- Q1 2018 - The first presentation of the MoneyToken 

Coin platform launch is stable as the loan currency

Bitcoin and Ethereum as collateral

Repayment for Selection Warranty Ratio

Repayment of loan with collateral 
Option of long-term loan extension 
Option early repayment option

- Q4 2018 - Second presentation of MoneyToken platform launch 

Option to become lender, deposit IMT 
Add Currency Altcoins popular as guarantee 
Multi-currency guarantee 
Exchange service 
Loan repayment using crypto or credit card / bank transfer 
Payment Card MoneyToken MoneyToken 
loan API for external platform : exchange, wallet, mass media 
Reference program 
Amanda operates as a loan assistant

- Q2 2019 - The third presentation of the MoneyToken platform launch 

Adds the more popular stable coin as the credit currency 
Obtain the financial license and begin integrating fiat currency as a credit currency 
Add a successful ITO token with the work product as a guarantee 
Mobile MoneyToken 
Amanda Application as SaaS (Device Software Services) for other financial services

- Q4 2019 - Full decentralization and stage 4 of the platform launch 

Launch of the decentralized MoneyToken exchange Decentralized 
decision-making system 
Atomic swap and multi-chain transactions, smart contract deal

About Team

MoneyToken members have experience in IT, FinTech and Banking in companies such as Goldman Sachs, Prudential Financial and CitiBank. Both founders operate technology companies in NY, London and Europe.

Detail Information :

WEBSEITE: https://moneytoken.com/
WHITEPAPER: https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf
YOUTUBE: https://www.youtube.com/channel/UCz9r7r5BSoq4eE6guMa7P-w
TWITTER: https: // twitter. com / MoneyToken
TELEGRAMM: https://t.me/moneytoken

By Kembartapibeda

https://bitcointalk.org/index.php?action=profile;u=1909517