MoneyToken (IMT) ICO Review – ICO Token News
Spending crypto assets won’t let an investor benefit from a future rise in their value; that’s why many investors buy less crypto and hold their order to reap benefits. Now, here’s where MoneyToken comes into play. This is a crypto platform allowing investors to borrow different liquid funds instantly—the best part is that the borrowing will be done on the basis of your cryptocurrency asset holdings’ existing value.
This platform lets you take a loan by using different volatile assets such as Ethereum and Bitcoin as collateral—in return, you’ll get a loan amount that’s available in a stable currency. Once the loan is repaid, you’ll get back the entire collateral even if it has increased in value.
With this platform, you’ll not only acquire liquid funds but also save the crypto position and stay right in the heart of the long-term investment game. Put simply, with MoneyToken, there isn’t any need to sell your owned BTC or ETH whenever you need stable currency or cash.
This blockchain-based (similar to ArmPack, THEKEY, BunnyToken, Upline, TrustaBit) credit ecosystem is ideal for all those miners who’re finding it difficult to raise funds to get new mining equipment; it’s meant for those traders and investors who want to make it big in the crypto-investment landscape; likewise, the network is ideal for ICOs looking to access quick cash for short-term needs.
Lastly, the platform can even be leveraged by crypto exchanges looking to bring down the hedging risks by securing extra cash.
MoneyToken is all about innovation.
Leveraging the power of smart contracts
This is a one-of-its-kind blockchain-based credit system where the value of any crypto asset can be used as collateral. However, the value and credit terms and conditions in this model are transparent and publically available at any moment—plus, they’ll be governed by smart contracts. Due to the presence of a blockchain and smart contracts, the lending model doesn’t need any intermediary apart from the link that ensures a transaction’s completion. As a result of the absence of intermediaries, all the financial institutes—banks and lenders—participating in the cryptocurrency economy can lower the loan-acquisition costs and improve the overall transparency of the process.
A revolutionary lending model
This lending ecosystem uses all the fluctuating crypto assets in the form of collateral. When crypto collateral is approved, a loan can be provided as a stable coin or currency. Here are the points that make this lending model revolutionary.
- Automatic loan confirmation can be done within a matter of minutes or even seconds.
- There’s no need for individual credit-scoring models for verifying assets.
- Customers can regulate all the loan conditions within the ecosystem’s pre-defined terms.
- High transparency is maintained during collateral evaluation.
MoneyToken token sale
MoneyToken’s native token is used to fuel the transactions or exchanges happening within the ecosystem.
Here are some token details associated with this ICO project.
- Ticker : IMT
- Price : USD0.005
- Maximum emission : 22.49 billion
- Private sale : February 7 to March 21 (Hard cap: USD 1,500,000)
- Presale : March 22 to April 12 (Soft cap: USD1.5 MM, Hard cap: USD 5,000,000
- Token Sale : May 2 to June 6 (Soft cap: USD3 MM, Hardcap: USD35,000,000 MM)
- Bonus : Available
The ICO project is sure a smart idea—similar to other projects such as ViMarket, Dimensions Network, Cryptoneum, DenCity, SapphireCoin. With this project, you won’t sell your crypto assets to get a loan. Once the project is implemented, it’ll solve the problems related to using your crypto assets—Bitcoins or Ether, for example—as collateral.
To conclude, the project is promising and will be operational in the near future. However, we do advise every investor to go through the whitepaper to know how to invest in ICOs to get full picture about investing in any crypto project.
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