MoneyToken - Overview of ICO
MoneyToken is a platform that will turn the sphere of banking services and will soon make a change in the eyes of the crypto currencies of many governments.
On the platform it will be possible to take a loan in a fiat currency, and as a security to put its own crypto currency. This provides a lot of advantages for all participants of the transaction. After all, the lender in any case will receive its interest on the loan, despite the fact that the market capitalization is growing, or yes. And the borrower can take a loan in Fiat, use it, and then return it to the Fiat leaving its crypto currency untouched. It will be very convenient, because if you delay the salary and do not want to sell the crypto currency, you will not have to eat doshirak, but you can take a loan with a crypto-loan and save all your savings for relatively small interest (10% per year with a loan of 6 months up to 2 years and 0.2 percent per day for short-term credits from 5 to 90 days). At the same time, the Crypto-currency can grow during this time, and then you go completely to the plus.
The platform will use blocking technology, and of course, smart contracts. It is in the case of a loan that you can clearly see all the advantages of the technologies listed above. The platform will have its own artificial intelligence - Amanda. He will accompany all loan deals in the beta release of the platform to demonstrate all the convenience of using it before the official launch.The platform will be convenient for all participants of the cryptomir. Miners will be able to save their currency and buy up new capacities, and with the growth of the currency quickly settle. Traders and investors will be able to invest credit money in other promising tokens, while leaving all their crypto currency in a loan and not worrying about it. New ICO projects will be able to receive loans for rapid project development and for all business needs. So, all the participants in the crypto-currency relations will be delighted with the creation of the platform.
Platform tokens will grant privileges in obtaining loans to their holders. Up to 60% discount on taxes on transactions. Up to 50% discount (when paying a loan, half of the paid tax will turn into your IMT tokens), the opportunity to become a creditor when you enter platform tokens to gain membership in the community of creditors.
The price of tokens during the ICO is only half a cent. At the same time, after the end of production and open sales of tokens, the in-platform price will increase 10 times, so it is profitable to buy tokens right now. Most of the fund that will be collected during the sale of the tokens will be transferred to the reserve platform for providing secure loans to its borrowers. Tokens are sold in the main stage of sales from May 2 to June 6. The maximum issue of tokens is 20.044 billion. The project's hardcup is equal to 41.5 million dollars. At the same time, when collecting funds from 0 to 10 million for the time of open sales, the bonus will be equal to 20%, from 10 to 20 million dollars the bonus will be 15%, up to 25 million dollars - 10%, up to 30 million - 5%.
On account of the distribution of tokens, we can say the following: 2.1% for private sales, 6.49% for pre-sales, 36.42% for open sales, 40% for reserves, 10% for the team, 2% for advisors, 2 for partnerships % and on the bounty - 1%.
At the expense of the project development plan, the following can be said: in February 2017, the concept of creating a platform was created and a team was formed, in June the platform was already being developed at full speed, in November a patent was filed for copyrights to the platform + IP-connection. In December, there was an official presentation of the platform.
In February 2018, closed sales began, in March - pre-sales. In the 1st quarter of 2018 the first version of the platform for presentation to crypto-enthusiasts was created. In May 2018, the open sale of tokens began.
In the 4th quarter of 2018 the second version of the platform will be presented with the opportunity to become a creditor, referral program, exchanger, payment platform cards and other functions.
In the second quarter of 2019, there will be a 3 platform release with the addition of more popular "stable" coins, a mobile application and the improvement of the AI platform, as well as other innovations.
In the 4th quarter - a fully decentralized platform MoneyToken will make its fourth release with all the necessary functionality.In conclusion, I can say that the platform is a pretty cool product with really convenient functionality and it will be quite useful in use. Given the mood of the market, the platform will definitely be popular. Now it remains to wait for its launch. For a more detailed acquaintance with the platform, read Whitepaper.
Official website: https://moneytoken.com/
White Paper: https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=560940