“MoneyToken” — icoTokenReviews.com

icoTokenReviews about MoneyToken:

Token: IMT

Price in ICO: 0.005 USD

Retail Price Post ICO: 0.05 USD

Country: United Kingdom

Platform: Ethereum

Website: moneytoken.com

Whitelist/KYC : KYC & Whitelist

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)

Soft cap: 3,000,000 USD

Hard cap: 35,000,000 USD

Maximum Emission: 22.49 billion

Bonus:

Private sale 40%

Presale 25–30%

Token sale Up to 20%

Tokens for sale 10,120,000

· What is the project about?

· It is a platform for smart loans backed up by crypto assets, 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.

· Idea:

· The cryptocurrencies are not proving to be very effective as payment instruments; their growth in value has caused them to behave more like assets than currency, so investors and miners are holding cryptocurrencies rather than using them to purchase goods and services. Users have no incentive to trade or sell them since once they are traded, owners lose their investment position.

· The solution is a credit model in which volatile crypto-assets act as collateral while credit is granted in a stable currency. This system allows borrowers to gain profits from their assets as the market rises while reducing risk to credit providers and borrowers if the market falls.

· Hype

· Didi Taihuttu, the man who sold his house for bitcoin, supports
MoneyToken.

· 5200 Telegram users as of now

· Rating : 4.1/5 (icotokennews)

· Team:

Alex Rass

CTO, CO-FOUNDER

Jerome MacGillivray

CEO, СO-FOUNDER

Jeffrey Chudy

FINANCE

Owen Byrne

BUSINESS DEVELOPMENT

· Klim Davies — BUSINESS DEVELOPMENT

· Ryan Swan — SOFTWARE ENGINEER

· Alex Fisun — COO

· Annette Miller — SUPPORT & COMMUNICATIONS

P.S. We have verified most of the team members as they have Linkedin profile.

· Advisors

Roger Ver — FOUNDER OF BITCOIN.COM “BITCOIN JESUS” INVESTOR AT RIPPLE, BLOCKCHAIN.INFO, BITPAY, KRAKEN

Mate Tokay — COO OF BITCOIN.COM KEYNOTE SPEAKER

David Allen Cohen — FOUNDER DCNTRAL. ADVISOR HASHGRAPH.
A FORMER OF IOTA FOUNDATION MEMBER.

Steve Rubakh — MINING BUSINESS. FOUNDER OF THE IPO COMPANY

Didi Taihuttu — THE GUY WHO SOLD HIS HOUSE FOR BITCOIN CRYPTO EXPERT AND AN INSPIRATION.

Sally Eaves — GLOBAL STRATEGY ADVISOR — FINTECH BLOCKCHAIN AI, INTRAPRENEUR, SPEAKER AND AUTHOR

· White paper highlights:

• It aims to facilitate access to credit while building a new credit market — loans backed by crypto collateral, based on the security and transparency of blockchain technology.
• In blockchain based credit system the value of the collateral asset at any moment is public and the credit terms are transparent and fixed in a smart contract; no intermediaries are needed besides the link ensuring the completion of the transaction and the smart contract.
• While the blockchain technology allows for getting rid of all the intermediaries in the loan system, automatic control of risks is a primary advantage of the MoneyToken platform.
• The cost of a loan lowered and the conditions of applying for a loan can finally be made transparent to all parties.
• No requirement for credit scoring or verification of assets.
• Transparency of the operation during both transfer and retention of the security deposit.
• Transparency of collateral evaluation and the fluctuation of its value over time for both parties.
• Technical Description of the Platform MoneyToken will use Ethereum-based smart contracts to secure the terms of the agreement. Collateral funds will be deposited in protected multi-signature wallets requiring 3/4 signatures to access. One signature is owned by the borrower at all times, one owned by the lender, 3rd and 4th are owned by the MoneyToken arbitration service.

Long term prospects:

• It started in Feb-2017 so it’s been a year that the project is active and it’s not asking investor money to start the project. The finished product will get launched in last quarter of 2019.
• It is an idea to revolutionize the credit(Loan)sector.