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MoneyToken

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A Revolutionary Lending Model

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Smart contract blockchain

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Team:

Alex Rass - CTO, CO-FOUNDER

Jerome MacGillivray - CEO, СO-FOUNDER

Jeffrey Chudy - FINANCE

Owen Byrne - BUSINESS DEVELOPMENT

Annette Miller - SUPPORT & COMMUNICATIONS

Alex Fisun - COO

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 - and in return you receive an agreed loan amount in a stable currency. And after repaying the loan you will receive your whole collateral back, even if collateral has many times increased in value multiple times. This way, you're able to acquire liquid funds, save your crypto position and stay in the investment game for the long run.

Expert Review

TokenTops
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4.3 out of 5

MoneyToken were able to find and effectively solve a fairly common problem that arose against the background of the active passion on cryptotrading. MoneyToken is an extensive Financial Ecosystem. The platform will consist of and offer few different financial services, like lending platform for example. The whole transaction and the loan are recorded and executed by the Ethereum-based smart contract. Collateral funds are kept in a wallet, protected by a multi-signature. In order to have a fuller control over the funds and collateral, MoneyToken will also include a decentralized exchange in their services. Users will be able to buy cryptocurrencies of their choice with fiat money and also quickly exchange the loans to a currency they need. Moreover, they want to create their own stablecoin, which would be much safer and efficient than other cryptocurrencies which are susceptible to market price changes. The team behind MoneyToken is relatively small, however it consists of many experienced specialists. The project looks rather solid when it comes to the technical side and the solutions to problems presented in the whitepapers. The marketing aspect, with the site design and infographics is also very well done and the project seems to be user-friendly.

User Review

Write review 3 reviews
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bod31 march 2018, 12:19

I think it's worth mentioning that they have developed an interesting AI bot, called Amanda, which will will act as an Aritifical Intelligence Assistant within the platform who will be able to conduct automated operations connected with loans. She will also act as a guide and sort of tutorial for users if they have any problems.

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Ad87dynvhvi29331 march 2018, 09:00

The introduction of stable coin, makes it easy to solve the problems with collateral, as 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, collateralized with more volatile assets such as Bitcoin or Ethereum - and in return you receive an agreed loan amount in a stable currency. And after repaying the loan you receive your whole collateral back; even if the collateral has increased in value multiple times. This way, you're able to acquire liquid funds for immediate needs, and save your crypto position, all at the same time.

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Smart Investor30 march 2018, 01:00

The main features of the MoneyToken are crypto-backed loans, stablecoin MTC and a decentralized exchange service. The sole idea of creating a stablecoin is very interesting and acts a great advantage for the project, as this will make it much better for lending money, as the user doesn't have to worry about rapid market changes, which would make it harder to pay back the loan. The overall of the project looks very decent, the design of the site looks good and the whitepapers provide detailed and transparent information about how the platform will work.

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