MoneyToken is a Blockchain based Financial Ecosystem focused on cryptocurrency-backed lending and crypto assets leveraging.The main concept of MoneyToken revolves around the idea that their innovative economic model allows you to hold onto your cryptocurrency and spend cash at the same time. MoneyToken has a truly innovative concept. Hold onto your cryptocurrency and spend on necessary purchases at the same time.
What problem does MoneyToken solve?
The problem has been obvious for some time – spending crypto assets today prevents cryptocurrency holders from gaining on any future growth in asset value; holders who buy low need to hold on to their investments 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, collateralized with more volatile assets such as Bitcoin or Ethereum – and in return you receive an agreed loan amount in a stable currency.
And after repaying the loan you receive your whole collateral back; even if the collateral has increased in value multiple times. This way, you’re able to acquire liquid funds for immediate needs, and save your crypto position, all at the same time.
Who is the platform for?
Avoid cash flow issues or invest in more equipment, without losing your existing mined cryptocurrency.
✓Traders and investors
Hold on to your cryptocurrency investment portfolio and use leverage to make further investments or increase your liquidity.
Quickly access cash, without all the red tape, for short term business needs.
Meet extra cash needs while hedging exchange risks and leveraging your crypto assets.
1. Cryptocurrency-backed Loan Platform.
3. MoneyToken Exchange service.
MoneyToken’s desire is to give the cryptocurrency investment community the means to leverage their crypto assets in return for usable stablecoins or fiat currency, providing you with the opportunity to stay in the investment game long-term and gain funding right now. With MoneyToken, there is no reason to sell your BTC when you need cash or stable currency.
Official website: https://moneytoken.com/
Follow official Twitter: https://twitter.com/MoneyToken
Follow official Facebook: https://www.facebook.com/MoneyTokenOfficial/
Behind MoneyToken is Amanda. Amanda is an Artificial Intelligence Assistant who will provide automated loan operations within the platform.
Amanda is powered by a deep learning AI algorithm, and her goal is to provide human-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.
Amanda helps remove the need for middlemen and managers, hidden commissions and fees, and obscure terms written in the ‘small print’ of contracts; all the bad practices of traditional banking. MoneyToken: changing the face of financial services.