MoneyToken is a Blockchain-based Financial Ecosystem focused on cryptocurrency-backed lending and crypto assets leveraging. The main concept of MoneyToken revolves around the idea that our innovative economic model allows you to hold onto your cryptocurrency and spend cash at the same time.
MoneyToken consists of:
-MoneyToken lending platform that provides loans in fiat currencies or stablecoin, secured by collateral in BTC and ETH;
-MTC - MoneyToken’s own stablecoin;
-MoneyToken decentralized Exchange service.
What makes MoneyToken unique from other lending platforms?
-The platform is tailored to give out both small and large loans, from $500 to $1,000,000 and more.
-No scoring or credit checks, since loans are backed by a collateral in 1:2 ratio.
-With MoneyToken, credit is provided from one credit fund, which makes collecting a credit portfolio unnecessary, a major difference from other p2p platforms.
-Loan approval takes seconds and funds can be released almost instantaneously.
-MoneyToken allows borrowers to apply for credit not only in fiat currencies, but also in stablecoins, convenient when the credit funds will be used to make payments inside the cryptocurrency market.
-MoneyToken`s services will be available globally.
-MoneyToken is an ecosystem, with it`s own stablecoin and decentralized exchange service.
-MoneyToken does not use token mechanics to charge additional costs or hide services charges; instead our token plays a unique infrastructure role, providing benefits to customers such as discounts on platform services.