What is MoneyToken?
MoneyToken provides crypto-backed loans, stablecoin MTC and a decentralized exchange service
MoneyToken - A Blockchain based Financial Ecosystem which consists of:
- MoneyToken lending platform that provides loans in fiat currencies or stablecoin, secured by collateral in BTC and ETH;
- MTC - MoneyTokens own stablecoin;
- MoneyToken decentralized Exchange service.
What problem does MoneyToken solve?
The problem has been obvious for some time - spending crypto assets today removes the ability of holders to benefit from any future growth in value; holders who buy low need to hold on to their 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
- In return you receive an agreed loan amount in a stable currency.
- After loan repayment you will receive your whole collateral back even if collateral has many times increased in value. With MoneyToken you're able to receive liquid funds and stay in your crypto position all at the same time.
How does MoneyToken work?
Behind MoneyToken is Amanda.Amanda is an Artificial Intelligence Assistant who willprovide automated loan operations on the platform.She will also showcase MoneyTokens platform functionalitybefore the official platform launch.
Who is MoneyToken For?
- Miners- 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
- ICOs- Quickly access cash, without all the red tape, for short term business needs
- Exchanges- Meet extra cash needs while hedging exchange risks and leveraging your crypto assets