Bitcoin

PR: Killing Banks – A Financial Crypto Startup MoneyToken Announced 0% Loans and Token Burn This Wednesday

PR: Killing Banks – A Financial Crypto Startup MoneyToken Announced 0% Loans and Token Burn This Wednesday

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com does not endorse nor support this product/service. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release.

MoneyToken crypto-backed loans platform has announced making zero-interest loans available for everyone.

From 12th September onward, anyone will be able to join the MoneyToken platform and get a loan under a 0% interest rate.

To get a zero interest rate crypto-backed loan on the MoneyToken platform, users are required to purchase a special membership that allows for zero-interest conditions. It can be purchased with IMT tokens, which users can easily find on various partner platforms like CoinSuper, BitForex, IDEX, etc.

All IMT tokens spent on the purchase of memberships will be burned.

MoneyToken.Com is a new kind of lending platforms which allows users to borrow liquid funds instantly, based on the current value of the cryptocurrency asset holdings. Users can take out a loan, collateralized with more volatile assets like Bitcoin or Ethereum; in return, they receive the agreed loan amount in stable currency.

“Since your ownership of the blockchain-based asset is verifiable, and the value is transparent to the market, you don’t need to undergo invasive and unnecessary credit checks — there is nothing added to your credit history or any public credit file. Equally the loan decision can be made almost instantaneously — there is no need for MoneyToken to make extensive evaluations of the market value of your assets (unlike, for example, as happens if you remortgage a property).”
Alex Rass, co-founder MoneyToken

When the time is up for the loan, and after you repay it fully, you get the whole sum back, even if the BTC has increased value-wise a lot during this time. Consequently, for people holding their crypto waiting for a better price to sell at, or never intending to sell at all, this kind of system is a life-saver.

The platform is gaining popularity among crypto traders, miners, token sale projects that raised in ETH and don’t want to spend their crypto, being waiting for better price.

‘Our priority at the moment is to shed some light on how the platform actually operates for the members of our community, offer hands-on experience so to speak, so that everyone would gain some positive impressions of crypto relations’, – says Jerome MacGillivray, co-founder of MoneyToken.

There are currently several players on the market of crypto-backed lending, but it’s pretty apparent that MoneyToken can be ranked first for now, if you keep in mind how quickly the platform jumped to the top and the amount of updates on their advances we seem to be getting.

Note: Recently the team has announced that Roger Ver, founder of Bitcoin.com, has joined their advisory board and also the issuing loans in a new USDC Stablecoin from Circle, which is backed by Goldman Sachs and BitMain.

A sneak-peek behind the scenes: recently one of the most famous youtube journalists has visited the office of MoneyToken: https://www.youtube.com/watch?time_continue=9&v=EZN_RL5B9uM

Contact Email Address
james.hendersonmt@gmail.com
Supporting Link
https://moneytoken.com/?utm_source=www.news.bitcoin.com&utm_medium=article&utm_campaign=0%25_interest_loans

This is a paid press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

  • TAGS
  • 0% Loans
  • Alex Rass
  • banks
  • Bitmain
  • BTC
  • Circle
  • crypto
  • Crypto Startup
  • crypto traders
  • ETH
  • Finance
  • Goldman Sachs
  • IMT
  • Jerome MacGillivray
  • loan decision
  • Miners
  • MoneyToken
  • Roger Ver
  • Token Burn
  • token sale projects
  • USDC

SHARE

Facebook
Twitter



Previous articleKorean Banks to Limit Services for Crypto Traders Without Real-Name Verification

PR: Killing Banks – A Financial Crypto Startup MoneyToken Announced 0% Loans and Token Burn This Wednesday

Bitcoin.com PRhttps://news.bitcoin.com/press-releases/Bitcoin.com is your premier source for everything Bitcoin-related. We can help you buy bitcoins and choose a bitcoin wallet. You can also read the latest news, or engage with the community on our Bitcoin Forum. Please keep in mind that this is a commercial website that lists wallets, exchanges and other Bitcoin-related companies.

In Case You Missed It

Expanding Our Global Bitcoin Coverage – Gogo Our New Reporter in Zimbabwe. Our regular readers count on news.Bitcoin.com to bring them coverage from all over the world, and that world now extends to Africa – Zimbabwe to be exact. Meet the news desk’s man in Africa, Mr. Jeffrey Gogo… read more.

Your Ad Here

Press releases

PR: Killing Banks – A Financial Crypto Startup MoneyToken Announced 0% Loans and Token Burn This Wednesday

PR: Killing Banks – A Financial Crypto Startup MoneyToken Announced 0%…

Sep 11, 2018

PR: Killing Banks – A Financial Crypto Startup MoneyToken Announced 0% Loans and Token Burn This Wednesday

PR: Fabric Token Launches TokenGen 3.0 – The All in One…

Sep 8, 2018

PR: Killing Banks – A Financial Crypto Startup MoneyToken Announced 0% Loans and Token Burn This Wednesday

PR: NewChain Testnet Officially Launched and Fully Meets Commercial Requirements

Sep 7, 2018

Submit a Press Release

Most Commented This Week

Listen to The Bitcoin.com Podcast Network

PR: Killing Banks – A Financial Crypto Startup MoneyToken Announced 0% Loans and Token Burn This Wednesday

Latest Podcasts

we are hiring

PR: Killing Banks – A Financial Crypto Startup MoneyToken Announced 0% Loans and Token Burn This Wednesday

News.Bitcoin.com is Hiring Editorial Staff – In Tokyo, Stockholm and Your Town. Are you an experienced news editor or a news reporter with a nose for crypto? We are on a roll – increasing our readership every day – serving millions of readers each month… read more.

Latest Comments

  • Trishana Sachar

    Thank you for the article. Data security is really important today, new era – new threats. I believe…

    Authy OneTouch Offers New Way to Use 2 Factor Authentication

  • Martin

    I always say the world is corrupted that I want to puke. Then my best friend tells me it is not “SO…

    Denmark’s Largest Bank May Have Facilitated up to $150 Billion in Money Laundering

  • Mario Lopez

    Thinking about the experience I had with Dalton Binary options brokers .. This previous year was…

    Korean Lawyers Take Government to Court over Crypto Regulation

  • Brad R

    “The interpretation of capitalism by itself also varies according to culture or continent.”

    Hello…

    Wendy McElroy: Crypto Is a Revolution of Hope – Which Is Why It Succeeds

  • Fabricio

    IT’S A SCAM—anyone who doesn’t heed this warning will lose all their money. Deservedly.

    P2P Markets Report: BTC Posts Record Low for Localbitcoins Trade Volume

The Bitcoin.com Wallet: Available on all platforms

Download the Bitcoin.com Wallet right to your device for easy and secure access to your bitcoins. Perfect for beginners, the Bitcoin.com Wallet makes using and holding bitcoins easy. No logins required.

Get the latest price charts, statistics and our news feed on your site. Check out our widget services.

Source

loading...

Most Popular

To Top