Moneytoken – New Lending Platform ICO
Who Is Behind MoneyToken?
MoneyToken was co-founded by Alex Rass and Jerome MacGillivray. Rass has an undergraduate degree in Computer Science and a Master’s in Computer Software Engineering, both from the prestigious Stevens Institute of Technology. He has over 15 years of experience in developing both software and marketing plans for IT products. Since 2006, he has served as the CEO of Informed Technology Business Solutions LLC.
MacGillivray, meanwhile, is currently the CEO of Ratio Software Engineering, a Ukraine-based company that specializes in research and development. The MoneyToken website also lists several accomplished employees within the fields of finance, business development, and software engineering. The company also has several marquee advisers listed on its website, including Roger Ver and Mate Tokay of Bitcoin.
MoneyToken analysis:
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.
Governance Token
Their token, IMT, is their governance coin. This allows owners of the coin to make decisions for this platform, to become a lender, and to get a 60% discount on the platform fees.If you own this coin you will have a say in what happens in the platform you are invested.
This is to give the people actually using the service have power instead of a bunch of rich business people.You will also be more eligible to become a lender on Moneytoken.
The final use of this coin to spend it to get up to a 60% discount on the platform and trading fees. In a way, it is like the Binance coin because it gives a discount to owners of it and helps loyalty to the platform. It costs 5 dollars for the presale; then it costs ten times more after that.
Stablecoin
The second feature is their very own stablecoin, MTC. A stablecoin’s value always stays the same, and it can be directly turned into USD.
This is one of the currencies that they will be loaning out to customers along with Tether, DAI coin, USD and Bit USD.Tether is a coin that directly be turned into US dollars.DAI coin is on that could have a whole other article on how they mathematically make sure it’s always worth one dollar.
These are the leading stable coins and are accepted by a lot of places on the internet so they can actually be used to do what the customers want, like by that mining equipment you wanted or invest more.
Money token has chosen to lend out stablecoins because they retain their value; therefore, they are good to lend because the lenders knows the repayment value, which simplifies the payment schedule. This in turn ensures that lending will not cause a stop loss, which is discussed later in this article.
Artificial Intelligence
The third important aspect of this ICO helps to manage this entire operation. Amanda is an AI that will automate the loan operations and will act as a personalized financial assistant.
She will track everything that the customer does on their platform and will decide the services that would interest them and the loans that they would need.
She is powered by a deep learning algorithm similar to the ones used by Google to generate Google Images or to beat the grandmaster at games such as chess and go. Amanda makes the loaning process personal, effective, and automated.
TEAM:
Alex Rass
(CTO, CO-FOUNDER) - Founder of ITBS LLC.
Master's Degree of Computer Science from Stevens Institute of Technology.
Many years of experience in US Fintech sector at places like Goldman Sachs, Prudential Financial, Bloomberg.
Jerome MacGillivray
(CEO, СO-FOUNDER) - CEO of a global R&D software development company and Blockchain enthusiast, Jerome co-founded MoneyToken out of
Jeffrey Chudy
(FINANCE) - Over 15 years of experience in valuation, risk, and consulting at AIG, Ernst & Young, Bear Stearns, Deutsche Bank and Citibank.
Owen Byrne
(BUSINESS DEVELOPMENT) -
Vice President of ITBS LLC.
MBA degree from EDHEC Business School.
Over 15 years of experience in
Klim Davies
(BUSINESS DEVELOPMENT) -
With Klim's operational experience in business development and leadership he brings the necessary depth of
Ryan Swan
(SOFTWARE ENGINEER) -
BS in Computer Science.
Develop Automated Trading Systems in equity, options and futures space.
Alex Fisun
(COO) - With experience in marketing and business development strategy, Alex main role at MoneyToken involves strategic alliances and
Annette Miller
(SUPPORT & COMMUNICATIONS) - Ryerson University, BA in Psychology.
Over 7 years of experience in marketing, developing
The ICO
IMT is the ticker of the token of MoneyToken platform. IMT has already been made available for the investors to invest in through the ICO. The initial stages started in the month of February while the main sale is now live and will continue till 6th of June, 2018. The investors who'll be taking part in the sale of this token will have to pay an amount of US$0.005 per IMT. The tokens can be bought in exchange of multiple currencies that are BTC, ETH, LTC and BCH.
ICO details:
1.Ticker : IMT
2.Price : USD0.005
3.Maximum emission : 22.49 billion
4.Private sale : February 7 to March 21 (Hard cap: USD 1,500,000)
5.Presale : March 22 to April 12 (Soft cap: USD1.5 MM, Hard cap: USD 5,000,000
6.Token Sale : May 2 to June 6 (Soft cap: USD3 MM, Hardcap: USD35,000,000 MM)
7.Bonus : Available
Milestones:
02.2017
Concept development
Formation of the team06.2017
Platform development underway11.2017
International Patent filing to protect, the IP
of tie platform12.2017
Official Announcement of the Platform02.2018
Private Sale round03.2018
PreSale round03.2018
MoneyToken platform 1st release presentation
Stablecoin as a loan currency
Bitcoin and Ether as a collateral
Repayment to Collateral Ratio selection
Loan repayment using collateral
Loan term extension options
Early repayment options
Amanda operating as loan assistant05.2018
Token Sale round11.2018
MoneyToken platform 2nd release presentation
Options to become a lender, depositing IMTs
Multi-currency collateral
Exchange service
MoneyToken Payment Card
Referral program
MoneyToken lending API for external
platforms: exchanges, wallets, mass
media04.2019
MoneyToken platform 3rd release presentation
Adding more popular stable coins as
credit currencies
Obtain financial licences and begin
integration of fiat currencies as credit
currencies
Adding successful ITO tokens with
working products as collateral
MoneyToken Mobile App
Amanda as SaaS (Software as a Service)
for other financial services11.2019
Full decentralization and Phase 4 of platform release
MoneyToken decentralized exchange
launch
Decentralized decision making system
Atomic swaps and multi chain
transactions, smart-contract deals
CONCLUSION:
If you are seeking a promising ICO for investment purpose then you can participate in the MoneyToken ICO. The project is very well prepared from the technical and business side, with very extensive and transparent whitepapers and roadmap. I find that the project is very potential and worth investing. I will participate in this project to contribute to the development of the platform, I hope that the project will continue to grow, wish the project succeed!
Website: https://moneytoken.com/
Whitepaper: https://moneytoken.com/doc/MoneyTokenWP_ENG.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=3407082.0
Facebook: https://www.facebook.com/MoneyTokenOfficial/
Telegram: https://t.me/moneytoken
Twitter: https://twitter.com/MoneyToken
Medium: https://medium.com/@moneytoken
Github: https://github.com/MoneyToken/
Autor: https://bitcointalk.org/index.php?action=profile;u=1940017