MoneyToken - A New Cryptocurrency currently in ICO Phase
One of My Friend Suggested to invest in Money Token. So I Thought to explore
it and to make some easy money! (You know everyone likes it )
What is Money Token?
Money Token is based on the idea of Giving Loan.
When we go in the bank for a loan. They check whether I can afford that loan
and After that, they Give us Loan. But what if you're in cypto Craze and have invested a large number of your assets in crypto?
Well in That case! They will Say "No" To You As crypto is still not considered as an asset.
Loans Play an Important role! Most of us take loans whether it's from friend
or from institutions in case of emergency.
MoneyToken is here to solve this problem. The Problem crypto has generated.
A person who has invested in crypto usually do not wish to turn his cryptocurrency
to fait as he thinks it will rise.
Money token is focused on cryptocurrency-backed lending.
- The platform is tailored to give out both small and large loans, from $500 to $1,000,000 and more.
- No scoring or credit checks, since loans are backed by a collateral in 1:2 ratio.
- In MoneyToken, credits are given out from one credit fund, which makes collecting a credit portfolio unnecessary, as
opposed to the regular p2p platforms. - Loan approval takes seconds and funds can be released almost instantaneously.
- MoneyToken allows to apply for a credit not only in fiat currencies, but also in stablecoins, which is
convenient in case the client plans to use the credit funds inside the cryptocurrency market.
Money Token Consists of
- Platform that will provide loan
- Money Token own stablecoin
- Decentralized Exchange Service
Behind MoneyToken is Amanda. It's an artificial intelligence assistant
who will automatically control loan operations.
Amanda is powered by a deep learning AI algorithm, and her goal is to providehuman-like services for the platform users. Besides functioning as a loan assistant.Amanda acts as a true AI, analyzing clients activity on the platform from their first steps, through to loan completion in order to generate predicative actions; for example being able to offer additional financial services, tracking collateral performance, monitoring loan repayments and due dates – all the functions required within an ecosystem that is not managed by any central authority.
Rate of Interest: from 0.2% to 0.5% a day
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