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DISCLAIMER: This is not financial advice! None of the members of ICOPools.io are licensed financial advisors, hence you are urged to do your own due diligence and take your own decisions. (read more)

MoneyToken

MoneyToken

Active Pools Min cap Bonus Commission Raised Rating Language Access Created
Last ICO deals

Min cap

0.1 ETH

Bonus

40%

Commission

2.5%

Raised

253 / 525 ETH

Active

07.04.2018

Finished successfully

12.04.2018

Min cap

0.15 ETH

Bonus

35%

Commission

2.5%

Raised

91 / 100 ETH

Active

20.04.2018

Finished successfully

30.04.2018

Min cap

0.15 ETH

Bonus

10%

Commission

2.5%

Raised

186 / 1000 ETH

Active

05.06.2018

Finished successfully

05.06.2018

Min cap

0.15 ETH

Bonus

20%

Commission

2.5%

Raised

36 / 1000 ETH

Active

06.06.2018

Finished successfully

07.06.2018

Min cap

0.15 ETH

Bonus

20%

Commission

2.5%

Raised

30 / 500 ETH

Active

16.06.2018

Finished successfully

29.06.2018

Analytics

Category: Banking, Finance, Cryptocurrency                              Country: United Kingdom     Date: June 1, 2018

INTRO

MoneyToken – a credit platform, which is provided by crypto currencies, stablecoins and its own decentralized exchanger.

 

TOKENOMICS

Metrics:

  • Ticker: IMT
  • Token type: ERC20
  • ICO Token Price: 1 IMT = $0.005
  • Fundraising Goal: $41,5M
  • Sold on pre-sale: $22,7M
  • Total Tokens: 22,490,000,000
  • Available for Token Sale: 37,35%

 

PRODUCT

The MoneyToken blockchain platform is designed to solve the problem of fiat money and crypto currency deficit. Its main service is provision of credits in fiat and stable crypto currencies USDT, DAI, MTC upon the security of BTC, ETH. The question rises on the legality of using crypto currencies as security when providing fiat credits in different countries.

 

IMT token will allow investors to save up to 60% commission fee for the use of the platform services. Besides, IMT owners will have the opportunity to become a creditor and earn on the platform, as well as the right to vote regarding the further development of the project.

 

In the future it’s planned to extend the list of supported crypto currencies as well as to create its own MTC stablecoin and open decentralized crypto currency exchange. All loan agreements in MoneyToken will be concluded in the form of smart contracts, Amanda artificial intelligence will follow the borrower in the course of loan providing and servicing.

 

In the future the entry into credit markets of different countries and issue of the project credit plastic card are planned by means of new partners.

 

So far, MVP of the credit service is launched, and the code of pre-alpha version of credit smart contract is published on GitHub. MTC as a credit currency will be integrated in the platform in the 3rd release in Q1 2019 .Q4 2019 — complete decentralization and final release of the MoneyToken platform. There’s a high risk of failure to meet the terms because of non-receipt or long receipt of financial licenses in different counties of Asia, EU, USA.

 

 

TEAM AND PARTNERS

A strong team with experienced leaders work on the project: Alex Rass – the creator of ITBS LLC with experience in Goldman Sachs, Prudential Financial, Bloomberg, over 15 years in the development of software-systems. Jerome MacGillivray – CEO in Ratio Software Engineering. Ryan Swan is listed as SOFTWARE ENGINEER on the site, although his status in Linkedin is project advisor. There’re no mentions and confirmation that Jeffrey Chudy, Owen Byrne take part in the project.

 

Famous in crypto community advisors give support to MoneyToken: Bitcoin Jesus Roger Ver – the founder of Bitcoin.com and David Allen Cohen, who founded DCNTRAL and is a consultant of HASHGRAPH. There are project ambassadors in Japan, United Arab Emirates, Italy, Great Britain and South Africa.

 

Axon partners is engaged in the legal support of the project with the experience of follow-up of 5 ICO projects.

MONEY TOKEN LIMITED (11008917) with registration address: 372 Old Street, Suite 1, London, Great Britain, EC1V 9LT will carry out activity on the granting of fiat credits in the territory of EU. Nominal director is Patricia Stylianou, who is also the director of 10 companies, of them 6 are registered at this address.

 

MARKET

A high speed of credit raising, crypto currency pledges and transaction security on smart contracts are project’s advantages over centralized credit services and banks. The competitive ability of the size of loan rates of the platform as compared with traditional international banks is doubtful. The project’s advantages over blockchain competitors aren’t apparent and are confined to additional features such as Amanda AI-helper and plastic credit cards.

Some opportunities of the system such as decentralized exchanger, issue and turnaround of MTC stablecoin, payment plastic cards are described superficially.

 

The niche of decentralized crediting is highly competitive, Salt Landing, Nebeus, EthLend have already taken hold in it, and of the last CoinLoan (raised over $3,5M) and Lendingblock (capitalization $12 M) - raised hardcap in $10M with two-times growth of token cost. The team claims that the project is the first large player with working platform, which has already granted credits.

 

Verdict

The project idea combined with multibillion market of crediting is noteworthy; reputable support, experienced team and realized MVP indicate the high quality of the project, but there are serious legal gaps.

 

Fraud risk - medium. Community’s interest – medium.

Product - 5
Team and partners - 6
Market - 5
Average score - 5.3

DISCLAIMER: This is not financial advice! None of the members of ICOPools.io are licensed financial advisors, hence you are urged to do your own due diligence and take your own decisions. (read more)