Money token : Review

Bitcointalk username : fouad1994

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Moneytoken is new Platform built using the blockchain technology, this new innovation in the crypto currency aim to become the first provider for loans based on crypto currency as a security deposit  » collateral » for this loans .

 

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Allowing individuals and business owners to solve the problems of the lack of liquid funds to grow their business in the crypto sphere and at the same time using their Crypto assets as a collateral for this loans .

What are the problems that Moneytoken platform  is trying to solve :

 

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1-Since the creation of cryptocurrency, rather using them in their daily life to purchase goods and as a payment methode, the crypto community has used this technology as assets, investment, and a store of value .

 

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2-The platforms that try to provide loans for indviduals and company Backed up by crypto curreny as a colleteral, fail to do this , due to the high volatility of this digitals assets, which create problems between the lender and the borrower.

3-Even if a crypto currency has a capitalization of millions or even trillions dollars, this digital actif is not recognized by financial institutes as a collateral for loans or as a payment method, wich stop this crypto currency to be used as a colletreal for loans from this institues, becuase there is no any guartendted for this banks and lenders that the price of this cryptocurrency remain stable .

4-the majority of financial institute and banks refuse to give loans for miners to purchase more mining equipment , or for traders to increase their fiats fund to profit from the opportunity that crypto markets gives when they give their crypto currency as collateral for this loans .

 

What are the solutions that Money token will offer to solve this problems :

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1-Moneytoken will offer a lending platform that will use Fluctuating crypto currency as a collateral for loans provided in fiat currency or stablecoin , for example the borrower want to get a loan in USD, he can use his bitcoins or ethereum as a collateral for this loan . .

 

2- With This platform, the borrower will not need to verify his assets or the price of crypto currency used as a collateral for his loan,because everything is recorded on the Blockchain .

3-On this digital platform, it is the user of the platform who determine the condition and the rules of the loan .

 

4-The Users has the option to pay the collateral of his Loan in servals cryptocurrency at the same time, the minimize the risks due to the high volatility of crypto currency .

 

5- the Transparency of the moneytoken platform when the user pay the collateral and get the loan , because everything is recorded on the blockchain .

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6-For the management of This loan platform, Money token will use an artificial intelligence called amanda, amenda will provide automated loan operations, also it will analyse the client from his first steps on the platform , to offer him the best loan options according to his preference, it will help also tracking the collateral, in few words, this platform will act as a real bank manager .

 

The ICO is live now on the Money Token platform .

Find more about this ICO by reading their white paper here:

https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf

Find out more on their official website here :

https://moneytoken.com/

 

 

 

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