MoneyToken is a blockchain-based financial lending platform that allows the participants to hold onto their cryptocurrency and spend cash at the same time. The MoneyToken platform offers the participants the option to take out a loan using their cryptocurrency asset, in exchange, they receive a loan amount in a stable currency. To complete the agreement the user needs to pay back the loan to receive the digital asset back.
The IMT Token is an Ethereum-based ERC 20 utility token used as a deposit method, discount on the platform fees and provides the opportunity to become a creditor.
MoneyToken ICO began on May 2, 2018. The ICO token supply represents 45% of the total token supply, so there is a total of 9,019,800,000 IMT tokens available, for 0.05 USD each. The ICO funding target is 3,000,000 USD, the funding cap is 35,000,000 USD and has ended on June 6, 2018 or when the funding cap is reached. Any unsold/remaining tokens will be burned.
Token Reserve Split (55%):
MoneyToken ICO features a bounty campaign as well as the following bonus structure, and the token will not be mineable.