MoneyToken is trying to create an ecosystem based on the blockchain technology. It will be providing loans to the cryptocurrency holders. As a result, whenever you need any funds instead of liquidating your cryptocurrency Holdings, all you need to do is to use this platform in order to get a loan. As a result, you will be able to get the funds quite easily. When you ultimately pay off the loan, you will be able to get cryptocurrencies back. As a result, it will become easier for you to gain the liquidity in a shorter period of time.
Moreover, you will be able to borrow the funds instantly. Since the platform will be based on the blockchain technology, you will not have to wait for a long period of time in order to get the loan. The verification of the transaction will be done in real time. As a result, you will be able to get the loan quite easily. Also, after you pay back the loan, automatically with the help of the smart contract, you will be able to get the collateral back. Thus, if you’re having mini immediate financial needs, you will be able to get the loan quite easily with the help of the cryptocurrency Holdings.
With the help of Fiat currency based loans, you will not have to worry about gaining the liquidity. All you need to do is to just a pledge your cryptocurrency Holdings. Once you are able to do that, it will not be very difficult for you to get the loan. Moreover, in the future, your assets in cryptocurrency can grow as well. Since you have only pledge them and you have not sold them, you will be able to take advantage of the any potential upside which is present in the assets. This is one of the main advantages which you have got when it comes to using them as a collateral rather than selling them. Cryptocurrency assets often rise in a shorter period of time. As a result, instead of selling them it is a much better idea to actually put them as collateral.
The platform holds immense potential as it is one of the very few which can actually provide you a loan against the cryptocurrency. This is the reason why it all such a lot of promise. Currently, the platform is coming out with an ICO.
- Date of ICO: 07-02-2018 to 07-06-2018
- Token acronym: IMT
- Price of token: 1 IMT = US$ 0.005
- Bonus availability: yes
- Currencies accepted: ETH, BTC, BCH, LTC
- Platform: Ethereum
- Soft cap: US$ 3 million
- Hard cap: US$ 35 million
As you will be able to get the loan by pledging the cryptocurrency as collateral, the potential of this platform is pretty huge. That is why you should definitely look at this ICO as the amount of potential which it has is plenty. In the future, as the number of cryptocurrency investors increase, the demand for such platforms will also increase significantly. That is why the potential in these tokens is huge.
Visit official site: https://moneytoken.com/
- Official link: https://moneytoken.com/
- Link to the Whitepaper: HERE
- Bitcointalk Username: sorrros
- My Bitcointalk profile link: HERE