MoneyToken is a blockchain-based Smart Loans

With MoneyToken, there is no reason to sell your BTC when you need cash or a stable currency. MoneyToken provides loans supported by crypto, MTC stablecoin and a decentralized exchange service. The problem has been clear for some time - spending current crypto assets prevents cryptocurrency holders from gaining future growth in asset values; holders who buy low requirements to sustain their investment to profit from high sales. 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 ownership. You take out a loan, secured by a more volatile asset such as Bitcoin or Ethereum - and in return you receive an agreed loan amount in a stable currency. And after paying off the loan, you receive all your collateral back, even if the collateral has increased in value several times.

In this way, you can obtain liquid funds for immediate needs, and keep your crypto position, all at the same time.

Vision
At this stage of market development, they see that the cryptocurrency assets have acquired the characteristics of various financial instruments. We can divide cryptocurrency with their quality and algorithm; into investment assets and means of payment. Investment assets are volatile and attractive for the long term, made to make a difference between exchange rates or earn other types of income, such as from stock proof algorithms, interest rates, and so forth. Cryptocurrency payments are made to support exchange rate stability - they are usually embedded with their own set of mechanisms, unique algorithms to regulate mining constraints or the release of new coins.

Lending Model
The MoneyToken Lending Model uses fluctuating crypto-assets as collateral for loans given in fiat or stablecoin currency.
The list of advantages of this model is compared to traditional banking schemes or pawnshops :

• Auto loan confirmation in seconds or minutes.
• There is no requirement for credit assessment or asset verification.
• Customers manage their own lending conditions within the boundaries of the provisions of the platform.
• An option to store collateral in some cryptocurrency assets to stabilize general fluctuations of collateral and lower upward pressure on interest rates.
• Transparency of operations during the transfer and storage of a security deposit.
• Transparency of collateral evaluation and fluctuations in value from time to time for both parties.

Introducing Amanda
Behind MoneyToken is Amanda. Amanda is an Artificial Intelligence Assistant who will provide automatic loan operations on the platform. In addition to the assistant function, Amanda acts as a true AI, analyzing clients with their first step on the platform to make conclusions and offering them extra financial services that are likely to interest them; she also helps with tracking collateral, repaying loans, as well as bank managers real, but all based on data. Amanda is supported by an in-depth AI learning algorithm, and the goal is to provide human-like services for platform users. This assistant will change the way people think about banking. No more shady managers, hidden commissions, "small fonts" in contracts, and problems with transaction support.

Collateral Currency

• At the time of platform launch, Bitcoin and Ethereum will be accepted as collateral, these are the two crypto currencies with the largest market capitalization.
• Dash, Litecoin, and other popular cryptocurrencies included in the top 10 uppercase letters will be added as cryptocurrency backup in the third release platform.
• Adding token sales Another popular token that has gained enough confidence in the market and backed by a successful product, will be considered a future guarantee currency.

MoneyToken Exchange

• At the MoneyToken exchange service, users will be able to purchase and exchange cryptocurrency assets, as well as fiat funds.
• MoneyToken exchange will be used for automation collateral liquidation in cases of collateral currencies price drop.

Initial money Token 

~ Up to 60% discount on the platform fees for Customer membership

~ Become a lender

~ Participate in the decentralized decision-making system.

Get cash anytime  and anywhere

- Card balance in USD
- Fast and easy loan cash-in
- Repay your loan

Token Info

• Name : MoneyToken
• Token : IMT
• Platform : Ethereum
• Type : ERC20
• Price in ICO : 0.01 USD
• Soft cap : 3,000,000 USD
• Hard cap : 35,000,000 USD

BONUS

• Private sale : 40%
• Presale : 25-30%
• Token sale : Up to 20%
• Tokens for sale : 10,120,000

RoadMap
February 2017

• Concept development
• Formation of the team

June 2017

• Platform development underway

November 2017

• International Patent filing to protect, the IP of tie platform

December 2017

• Official announcement of the platform

February 2018

• Private Sale round

March 2018

• PreSale round

Q1 2018 — MoneyToken platform 1st release presentation

• Stablecoin as a loan currency
• Bitcoin and Ether as a collateral
• Repayment to Collateral Ratio selection
• Loan repayment using collateral
• Loan term extension options
• Early repayment options
• Amanda operating as loan assistant

May 2018

• Token Sale round

Q4 2018 - MoneyToken platform 2nd release presentation

• Options to become a lender, depositing IMTs
• Multi-currency collateral; multisignature collateral custody feature
• Exchange service
• MoneyToken Payment Card
• Referral program
• MoneyToken lending API for external platforms: exchanges, wallets, mass media.

Q2 2019 — MoneyToken platform 3rd release presentation

• Adding more popular stable coins as credit currencies
• Obtain financial licences and begin integration of fiat currencies as credit currencies.
• Adding successful ITO tokens with working products as collateral
• MoneyToken Mobile App Amanda as SaaS (Software as a Service) for other financial services

Q4 2019 — Full
decentralization and Phase 4 of platform release

• MoneyToken decentralized exchange launch
• Decentralized decision making system
• Atomic swaps and multi chain transactions, smart-contract deals

Advisor

Ambassador

Team

For more information, visit the link below :
Website : https://moneytoken.com/
Whitepaper : https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf
Abstract : https://moneytoken.com/doc/Abstract.pdf
Bounty : https://bitcointalk.org/index.php?topic=3407082.0
Telegram : https://t.me/moneytoken
Medium : https://medium.com/@moneytoken
Twitter : https://twitter.com/MoneyToken
Youtube : https://www.youtube.com/channel/UCz9r7r5BSoq4eE6guMa7P-w

Article by :
Username : chong_ali
Profile Link : https://bitcointalk.org/index.php?action=profile;u=1360386