MoneyToken ICO

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.

The MoneyToken project aims to address a major cryptocurrency challenge and it will be sought-after in case the project is fully developed in accordance with the roadmap. The project has an interesting idea and a team of highly motivated professionals. The technological solutions seem to be sensible and appropriate. The platform is not overloaded with features and does not have any unnecessary additional functionality.

The token economy and benefits for the early investors have been thought out well.  The token has exclusive characteristics and allows the token holders to use all the platform features. The project envisages establishment of a safety fund to guarantee that all the platform obligations are fulfilled regardless of the cryptocurrency market volatility.

Nevertheless, there are several aspects that we think have not been elaborated at this stage. For example, the project economy has not been described in much detail. It is foreseen that the platform will get a certain percentage in a form of a fee for the loan issuance. However, the documentation does not specify the approximate platform fee amount and the projected volume of issued loans. These important factors will affect the benefits for the lenders who need to calculate their interest rates. It will also influence the future financial stability of the project.

Further, many aspects, which are critical to the platform functionality, have not been described in much detail. For instance, there is very little information on the risk management method, which is necessary when providing such services. The documentation does not provide sufficient information on the MoneyToken Payment card and future fiat loans.

We anticipate that a lot of legal and technical issues might arise as the project services are being developed and operated in accordance with the roadmap. However, we have not found any proposed ways to resolve these issues and implement the services.  

Nevertheless, we do understand that some aspects that seem unclear for now will be elaborated as the projects furthers.  The team is competent and experienced enough to think them through and find solutions to the problems that might arise.