While blockchain technology is an exciting innovation, the technology is far from perfect. One problem is that spending crypto assets prevents those holders from enjoying the potential future benefits of their investments. These crypto assets need to be held in order to mature and offer benefits to their holders. However, this problem might have a solution now, thanks to MoneyToken.

MoneyToken is a platform that allows people to borrow liquid funds instantly, based on the value of their crypto assets. You take out a loan, collateralized with crypto assets such as Bitcoin or Ethereum, and in return you will receive an agreed loan amount in a stable currency. After repaying your loan in full, you receive the collateral back; even if it has increased in value. It provides a great way to acquire liquid funds (in the form of stable coins or fiat currency), without having to sell your crypto assets, all while still enjoying the potential growth of your investment.

Loans can be for as little as $500 and as large as $1,000,000 and can have terms that range from 3 to 90 days, with long-term loans also being available. The platform is great for miners, investors, traders, ICOs, and exchanges alike.

Behind MoneyToken is Amanda. Amanda is an Artificial Intelligence Assistant which provides automated loan operation, registration and approval on the platform. She will walk borrowers through the entire loan process from application to repayment check-ups and will ensure they are alerted if any margin calls were to arise. She will also be able to consult with users on the platform, help during the token generation event and update registered users of any news or pertinent information. In addition to that, Amanda will showcase the functionality of the platform before its official launch.

Speaking about Amanda and the potential that this technology brings to the market, co-founder of MoneyToken Jerome MacGilivray had this to say:

“Amanda is the start of an amazing fusion of today’s technology — Blockchain meets AI. We are totally thrilled by what we have going on here; MoneyToken is building an ecosystem, not only to provide much-needed loan services, but also to create a platform that can take the crypto community to the next level. ”

In order to participate in the decentralized decision-making system in the platform, you need to hold Initial Money Token (IMT), which is the utility token for MoneyToken. Also, holding IMT will allow you to be a lender and you will get a 60% discount on platform fees for Customer Membership.

In addition to MoneyToken being a crypto-backed loan platform, it also offers a decentralized exchange service and a usable stablecoin (MTC), which is convenient if a user wants to use their credit within the crypto market. As you can see, it is a complete ecosystem and not just a platform with a single use.

The team at MoneyToken is led by co-founder and CEO Jerome MacGilivray and co-founder and CTO Alex Rass. MacGilivray is also the CEO of a global R&D software development company and is a blockchain enthusiast. Rass has many years of fintech experience at large corporations and has over a decade in software development and marketing. In addition to the founders, the team is made up of those with experience in business, engineering, finance and development.

MoneyToken is currently in the Pre-Sale round of their fundraising and have currently raised nearly $4 million as of the writing of this article. If you want to participate in the Pre-Sale (which ends on April 22nd ,2018) or learn more about the company and what they are looking to achieve be sure to check out their website or their whitepaper.

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