MoneyToken ICO

MoneyToken ICO

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Created using Figma

Last Update

Feb 20, 2018

MoneyToken. Platform for Smart Loans Backed by Crypto-Assets. MoneyToken’s lending working model uses fluctuating crypto-assets as collateral for a promote provided in fiat currency or stablecoin. MoneyToken will use Ethereum-based smart contracts to safe and sound the terms of the understanding. Collateral funds will be deposited in protected multi-signature wallets requiring 3/4 signatures to access. One signature is owned by the borrower at all times, one owned by the lender, 3rd and 4th are owned by the MoneyToken arbitration service. Multichain transactions and contracts will be available in the time to come, making MoneyToken a fully decentralized platform. The credit fund regulates and influences the maximum possible amount of loans that the platform can give out. After the Token Sale stage, the lending portfolio of MoneyToken will include a total of $20+ million and continue to grow through contributions from early- and late-stage partners as the platform expands and scales. MoneyToken lending platform that provides loans in fiat currencies or stablecoin, secured by collateral in BTC and ETH; MTC - MoneyToken’s own stablecoin; MoneyToken decentralized Exchange service.
Warning it May Be a Scam

About the scam: https://medium.com/@shitcoinofferin/moneytoken-even-roger-ver-cant-save-it-57b07df286d4

Token Sale
May 2, 2018
Jun 6, 2018
100% completed
$36 174 400
103% cap completed
Cap 35 000 000 USD
past
Presale
Mar 22, 2018
Apr 12, 2018
100% completed
$2 274 097
hard cap
cap
45% cap completed
Cap 5 000 000 USD
Hard cap 6 500 000 USD
past
Private Sale
Feb 7, 2018
Mar 21, 2018
100% completed
$1 500 000
100% cap completed
Cap 1 500 000 USD
past
  • 1 IMT
    =
    0.005 USD
Token Details
Ticker
IMT
Accepted Currencies
ETH, BTC, LTC, BCH
Company Details
Registered Country
British Virgin Islands
Additional Details
Platform
Ethereum
Whitelist
Yes , from Mar 22, 2018
KYC
Yes
Categories
Platform, Cryptocurrency

About MoneyToken ICO

The problem has been obvious for some time - spending crypto assets today removes the ability of an investor to benefit from any future growth in value; investors who buy low need to hold on to their assets in order to benefit from selling high.   This is where MoneyToken steps in. 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 loan repayment you receive your entire collateral back, even if collateral has increased in value multiple times.   With MoneyToken, you are able to acquire liquid funds, save your crypto position, and stay in the investment game for the long run.

Features

  • MoneyToken uses Ethereum-based smart contracts to secure the terms of the agreement.
  • Collateral funds will be deposited in protected multi-signature wallets requiring 3/4 signatures to access.
  • One signature is owned by the borrower at all times, one owned by the lender, 3rd and 4th are owned by the MoneyToken arbitration service.
  • Multichain transactions and contracts will be available in the future, making MoneyToken a fully decentralized platform.

Credit Flow

  • The borrower can withdraw the loan currency from the system for use.
  • The borrower is able to repay the loan ahead of time.
  • The borrower may be able to partially repay the loan ahead of schedule.
  • On the last day of the loan, the borrower may have the opportunity to extend the loan by making an additional deposit.

Loan Repayment and Collateral Refund

  • After the loan is repaid, the user is returned a security deposit to his blockchain address.

Technical Info

  • MoneyToken uses Ethereum-based smart contracts to secure the terms of the agreement.
  • Collateral funds will be deposited in protected multi-signature wallets requiring 3/4 signatures to access.
  • One signature is owned by the borrower at all times, one owned by the lender, 3rd and 4th are owned by the MoneyToken arbitration service.
  • Multichain transactions and contracts will be available in the future, making MoneyToken a fully decentralized platform.

Credit Flow

  • The borrower can withdraw the loan currency from the system for use.
  • The borrower is able to repay the loan ahead of time.
  • The borrower may be able to partially repay the loan ahead of schedule.
  • On the last day of the loan, the borrower may have the opportunity to extend the loan by making an additional deposit.

Loan Repayment and Collateral Refund

  • After the loan is repaid, the user is returned a security deposit to his blockchain address.

MoneyToken ICO Roadmap

  • February 2017

  • Concept Development
    Formation of the team
  • June 2017

  • Platform Development underway
  • November 2017

  • International Patent filling to protect the IP of the platform
  • December 2017

  • Official announcement of the platform
  • Read More
  • February 2018

  • Private Sale Round
  • March 2018

  • Presale Round
  • Quarter 1, 2018

  • Stablecoin as a loan currency
    Bitcoin and Ether as a collateral
    Repayment to Collateral Ratio selection
    Loan repayment using collateral
    Loan term extension options
    Early repayment options
    Amanda operating as loan assistant
  • May 2018

  • Token Sale Round
  • Quarter 4, 2018

  • Options to become a lender, depositing IMTs
    Multi-currency collateral
    Exchange service
    MoneyToken Payment Card
    Referral program
    MoneyToken lending API for external platforms: exchanges, wallets, mass media
  • Quarter 2, 2019

  • Adding more popular stable coins as credit currencies
    Obtain financial licences and begin integration of fiat currencies as credit currencies
    Adding successful ITO tokens with working products as collateral\
    MoneyToken Mobile App
    Amanda as SaaS (Software as a Service) for other financial services
  • Quarter 4, 2019

  • MoneyToken decentralized exchange launch
    Decentralized decision making system
    Atomic swaps and multi chain transactions, smart-contract deals

Activity

Activity:
420
VERY HIGH
Merit:
105
MEDIUM
Posts:
1 266
VERY HIGH
Views:
36 199
VERY HIGH
Users:
74
LOW
Posts:
22
VERY LOW
Followers:
1 247
LOW
Likes:
1 198
LOW
Followers:
35 358
VERY HIGH
Tweets:
160
MEDIUM
Members:
27 928
VERY HIGH
Year commits:
12
Watchers:
2
Stars:
3
Forks:
2
Open issues:
0

Team

Verified 17%

Attention. There is a risk that unverified members are not actually members of the team

CTO, CO-FOUNDER
unverified
CEO, СO-FOUNDER
verified
BUSINESS DEVELOPMENT
unverified
STRATEGY DEVELOPMENT
unverified
SOFTWARE ENGINEER
unverified

Advisors

Verified 33%

Attention. There is a risk that unverified members are not actually members of the team

4 ICOs

$117 713 570

Advisor
unverified

3 ICOs

$44 248 497

Advisor
verified

Former members

Jeffrey Chudy
FINANCE
Annette Miller
SUPPORT & COMMUNICATIONS

MoneyToken ICO Interviews

Jerome MacGillivray
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
As one of the co-founders I'm obviously thrilled to be launching this platform on the market - and the opportunity to work with a great team to create something that I really believe the crypto community needs - a way to preserve their investments. I'm a passionate believer in the future of cryptocurrency, but I believe changes need to happen to make it the functional payment tool we all need. Right now BTC is simply not a practical way to pay for goods or services - let's work together on solutions and innovations that change this.
Didi Taihuttu
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
My role is marketing advisor and i think that moneytoken will change the crypto space and create a bride between fiat and crypto. The possibility to hold and spend your btc at the same time is amazing and exacr what many people need.

Last News

N/A
5.0 5
ICO Profile Vision Activity Potential Product Team

MoneyToken ICO Reviews

icopools.io
analysis

Market:
A high speed of credit raising, crypto currency pledges and transaction security on smart contracts are project’s advantages over centralized credit services and banks. The competitive ability of the size of loan rates of the platform as compared with traditional international banks is doubtful. The project’s advantages over blockchain competitors aren’t apparent and are confined to additional features such as Amanda AI-helper and plastic credit cards.
Some opportunities of the system such as decentralized exchanger, issue and turnaround of MTC stablecoin, payment plastic cards are described superficially.
The niche of decentralized crediting is highly competitive, Salt Landing, Nebeus, EthLend have already taken hold in it, and of the last CoinLoan (raised over $3,5M) and Lendingblock (capitalization $12 M) - raised hardcap in $10M with two-times growth of token cost. The team claims that the project is the first large player with working platform, which has already granted credits.

Verdict:
The project idea combined with multibillion market of crediting is noteworthy; reputable support, experienced team and realized MVP indicate the high quality of the project, but there are serious legal gaps.

Read More
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