MoneyToken
What is MoneyToken?
MoneyToken provides crypto-backed loans, stablecoin MTC and a decentralized exchange service
MoneyToken - A Blockchain based Financial Ecosystem which consists of:
- MoneyToken lending platform that provides loans in fiat currencies or stablecoin, secured by collateral in BTC and ETH;
- MTC - MoneyToken’s own stablecoin;
- MoneyToken decentralized Exchange service.
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.
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.
Who is MoneyToken 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
Strengths:
- Sizeable, verifiable, committed, professional, experienced and well networked team
- The team has diverse relevant experience in the related industry and technologies
- Advisor board includes well known figures in the cryptocurrency and finance industries
- Crypto collateral lending platforms have been very popular and in high demand since last autumn. The interest in the sector seems to increase all the time with new investors and ICOs coming into the markets
- Services combining crypto and fiat lending services will have a lot of growth potential in the following transition years
- Being able to automate the collateral escrow holding, settlements between borrowers and lenders and the loan amortization gives potential for an extremely scalable business
- The token sale structure is done in a way that gives extra incentives and rewards for the early investors
- A significant safety fund mechanism is implemented to protect the investors interest by keeping the token value high
- Decent size social communities with active updating and community reactions
- Excellent looking project materials
- Good industry site visibility and reviews
Potential concerns
- More in depth blockchain development experience in the core team would help the company to gain the best performance out of blockchains in the business
- This type of service has quite a lot of competitors but none of them has established a clear industry leader position yet
- The total initial token supply valuation of $1 123 500 000 is quite a lot for an experimental though promising platform
