Just take a quick look at the cryptocurrency market capitalization charts over the past year to see that the majority of these currencies - Bitcoin, Ethereum, Litecoin, Monero and other major cryptocurrencies - show significant value growth and are expected to see significant future growth, reflecting the loss of confidence in the traditional money system and the growing confidence in the power of blockchain technology.
Yet this cryptocurrency does not prove to be very effective as a payment instrument; the growth in their value has caused them to behave more like assets than currency, so investors and miners hold cryptocurrency rather than using it to buy goods and services. Users do not have an incentive to trade or sell it, because once they are traded, the owner loses their investment position. The solution is a credit model in which crypto-assets fluctuate as a guarantee while credit is given in a stable currency.
This system allows borrowers to benefit from their assets as the market rises, while reducing risks for credit providers and borrowers if the market falls. Platforms that attempt to intermediate loans supported by cryptocurrency between individual lenders and borrowers typically fail to provide appropriate risk management services to their clients; the volatility of collateral prices creates a burdensome risk for borrowers and lenders. At the other end of the spectrum, the most established loan channels do not want to accept fluctuating assets like cryptocurrency as collateral at all.
Since the advent of cryptocurrency, user behavior, owners and miners have proven to be very different than expected. Instead of turning into the actual 'virtual currency system' used to buy everyday goods and services (from your morning lattes to homes and cars), Bitcoin and other cryptocurrencies have turned into long-term investments; from something you keep in your wallet into something you keep in your safe.
On the other hand, quickly appreciating assets, which have proven to be cryptocurrency, have become valuable assets for loans and lending. The market for this type of platform typically consists of miners, projects receiving funds from Token sales, cryptocurrency exchangers, and service providers for cryptocurrency purchases. In addition, early cryptocurrency traders with significant paper profits will also find it attractive.
MoneyToken works to address some of the inherent problems facing crypto currency, especially the fact that traditional banks seem to disrespect them, refusing to recognize them when it comes to serving as collateral for potential loans. This is important because most cryptocurrencies are seen as investments. Therefore, if you liquidate your crypto assets because you need money in the short term or collateral to take out a loan, you will lose your investment in a particular crypto currency.
However, MoneyToken solves this by allowing you to borrow a liquid fund while using your cryptocurrency asset as collateral. Using blockchain technology and smart contracting, you install cryptocurrencies such as Bitcoin or Ethereum and get loans in traditional currency back. After you repay the loan, you get your reassurance, even if a particular crypto currency has increased in value over the life of the loan. So, as long as you pay back your loan, you do not have to worry about losing your investment in a particular crypto currency.
The MoneyToken platform is potentially useful in several ways related to cryptocurrency. For example, crypto miners can avoid cash flow problems while also investing in equipment without losing all the crypto assets that they have mined. Traders and investors can often use their ownership of crypto to increase liquidity if they need it. Finally, MonkeyToken makes it easier to earn cash for short-term needs related to ICO.
If you frequently invest in cryptocurrency or have a large number of crypto assets in your portfolio, MoneyToken might be right for you. The MoneyToken platform is one of the rare financial platforms that makes it easy to integrate cryptocurrency with fiat money. One can argue that it is a virtual necessity for anyone who has seriously invested in crypto currency.
However, MoneyToken solves this by allowing you to borrow a liquid fund while using your cryptocurrency asset as collateral. Using blockchain technology and smart contracting, you install cryptocurrencies such as Bitcoin or Ethereum and get loans in traditional currency back. After you repay the loan, you get your reassurance, even if a particular crypto currency has increased in value over the life of the loan. So, as long as you pay back your loan, you do not have to worry about losing your investment in a particular crypto currency.
The MoneyToken platform is potentially useful in several ways related to cryptocurrency. For example, crypto miners can avoid cash flow problems while also investing in equipment without losing all the crypto assets that they have mined. Traders and investors can often use their ownership of crypto to increase liquidity if they need it. Finally, MonkeyToken makes it easier to earn cash for short-term needs related to ICO.
If you frequently invest in cryptocurrency or have a large number of crypto assets in your portfolio, MoneyToken might be right for you. The MoneyToken platform is one of the rare financial platforms that makes it easy to integrate cryptocurrency with fiat money. One can argue that it is a virtual necessity for anyone who has seriously invested in crypto currency.
MoneyToken will use a smart contract based on Ethereum to secure the terms of the agreement. Collateral funds will be kept in a protected multi-signature wallet and require 3/4 signatures to access. One signature is owned by the borrower at any time, owned by the lender, third and fourth owned by the MoneyToken arbitration service. Multichain and contract deals will be available in the future, making MoneyToken a fully decentralized platform.
The main point that smart contracting is not as smart as today is because many cryptocurrency holders think. For example, the Ethereum smart contract can not control transactions involving other crypto currencies, such as BTC or BCH. Also, smart contracts will not work because they happen automatically. This needs to be manually enabled, or with back-end scripts when oracle is triggered.
Many users are unaware of this, and are convinced that a smart contract is an automated contract that can control transactions independently, and that solves a trust problem. Unfortunately, Ethereum is not there yet. Therefore, until independent cross-chain technologies appear, smart contracts can not automatically control the transaction. As a result, the confidence issues on our platform will be solved not through smart contracts, but through multi-signature addresses: separate ones for BTC, ETH and other currencies.
In short MoneyToken aims to manage client risk and create a stable lending model using cryptocurrency as security deposit. Our model aims to facilitate access to credit while building new credit markets - loans backed by crypto assurance, based on security and transparency of blockchain technology.
MoneyToken comes in the form of a digital currency named IMT. IMT tokens will go on sale on May 2, 2018 to June 6, 2018, at a price of 1 IMT equivalent to 0.5 USD. The token purchase itself can be done with foreign currency such as BTC, ETH, BCH, LTC, NEM and DASH. Do not forget, get also purchase bonuses at certain time period.
MoneyToken has been designed and created by a team of highly experienced technology experts. Team members bring together expertise that gives them an in-depth understanding of the challenges many crypto companies face including legal, regulatory and compliance issues.
So that' s all our ICO project review for this time, hopefully can increase your knowledge in choosing the best project ICO to you invest. If you are interested in joining this project, or intend to buy a token in the sale. You can visit their official website and page below:
