MoneyToken – World’s first Financial Ecosystem that offers loans with Crypto Collateral

yuvadeep (50)in #cryptocurrency • 7 years ago

Hello,

Introduction : -

The year 2009, a new era has begun with a name called Bitcoin, the world’s first ever cryptocurrency. Based on the first cryptocurrency ever, a number of cryptocurrency coins introduced and some of them are successful and some of them are not.

Today the cryptocurrency market is fluctuating continuously and the lenders who were offering the loans with crypto collateral are getting back due to the current scenario but for the first time in the history of cryptocurrency market, MoneyToken has taken a step forward to stabilize the lending model by keeping the digital assets as collateral.

MoneyToken team designed this incredible financial ecosystem to offer loans to the cryptocurrency holders based on the security and the transparency of blockchain technology.

Vision : -

MoneyToken is a financial ecosystem which is offering loans by keeping the crypto coins as a security deposit to fulfil your needs and at the same time, it allows you to keep your valuable crypto tokens safe. i.e, depending on your security deposit take the loan from the MoneyToken.com and repay the loan in USD by keeping your crypto coins safe.

Whatever the value of the cryptocurrency may be but in almost all the existing and traditional financial ecosystems none will offer you the loan by keeping the crypto assets as collateral. Coming to the regular loan system, we have to face a lot of paperwork and the verification process which includes assets, individuals, business and our credit and debit records.

In case of MoneyToken, you can skip all those traditional things because the credit terms are transparent and are fixed in a smart contract.

Lending Model : -

MoneyToken financial ecosystem is offering a wonderful and transparent lending model where we can get the loan on our crypto coins in simple and very quick four steps.

Step 1 : - Go through the lending model and choose your credit terms.

Step 2 : - Depending on your requirement deposit your Crypto tokens as collateral.

Step 3 : - After depositing your crypto tokens get confirmation.

Step 4 : - Get your loan amount.

Technical Terms of a Loan : -

->MoneyToken secures both the money lender and the borrower by using the Ethereum based smart contracts for making the terms and agreements between the moneylender and the borrower.

->Whatever the collateral funds which are deposited by the borrower will be protected in a secured wallet where always 3 out 4 signatures are required. One will be borrower’s, obviously the second one will be the money lenders, third and fourth signatures will be owned by MoneyToken arbitration service.

Loan Repayment : -

Based on the time factor the repayment of loan can be done in 2 ways.

->On time Repayment.

->Early Repayment.

Early repayment again can be paid in two ways, they are : -

->Early payment of the total loan taken.

->Early payment for partial payment of the loan taken.

Mode of Repayment : -

->Repayment of the loan may be done in the form of the same currency in which the loan was offered to you.

->Repayment can be done with the help of the collateral.

->Repayment can be made by using other cryptocurrencies as well.

MoneyToken Ecosystem : -

->The digital asset of the MoneyToken ecosystem is called as Initial Money Token.

->Shortly called as IMT.

->The distribution of IMT is limited and there will be no additional mining.

->The price for purchasing each IMT token is $0.005 during the token sale.

->After the token sale, the price for purchasing the IMT tokens will be 10 times more when compared with the token sale price.

MoneyToken Road Map : -

->February 2017 – MoneyToken team was formed with the development of the unique concept.

->June 2017 – Development process.

->November 2017 – filing the International Patent for protecting the IP of the platform.

->December 2017- MoneyToken team officially announced the financial ecosystem.

->February 2018 – Private sale.

->March 2018 – Pre-sale of the IMT Tokens.

->May 2018 – IMT Token Sale.

Conclusion : -

At present time cryptocurrency market is fluctuating, most of the investors and the ones who are willing to invest are waiting for the market to get stabilized. But for the first time, MoneyToken team came up with a huge helping hand for not only stabilizing the money lending system by keeping the crypto assets as collateral but also to make the market stabilize.

I think we should encourage this type of unique concepts which helps the people to fulfil their dreams without losing their valuable crypto assets.

Money Token Team : -