This week MoneyToken makes an unprecedented loan announcement: Pay interest only if you profit from your collateral.
With MoneyToken, a totally new type of loan – where customers have to pay interest ONLY if their BTC, BCH or ETH collateral grows in value during the term of the loan.
What is MoneyToken?
MoneyToken is a decentralized blockchain-based lending platform that provides customers with opportunities for borrowing and lending cryptocurrency assets. Backed by strategic partnerships with TOP-10 cryptocurrencies and supported by crypto-investor and founder of Bitcoin.com, Roger Ver, MoneyToken successfully launched its lending platform in 2018 and followed this up with the launch of the MoneyToken Exchange in early 2019.
How to profit with MoneyToken? What problem does MoneyToken solve?
The problem has been obvious for some time – spending crypto assets today removes the ability of an investor to benefit from any future growth in value; investors who buy low need to hold on to their assets in order to benefit from selling high.
This is where MoneyToken steps in.
The MoneyToken platform allows you to borrow liquid funds instantly, based on the current value of your cryptocurrency asset holdings.
You take out a loan, collateralized with more volatile assets such as Bitcoin or Ethereum — and in return you receive an agreed loan amount in a stable currency. After the loan repayment, you will receive your whole collateral back, even if it has increased in value many times.
In the end, you’re able to acquire liquid funds, save your crypto position and stay in the investment game in the long run.
With MoneyToken platform, there is no reason to sell your BTC when you need liquid funds.
Unprecedented “Pay if you profit” offer
When MoneyToken says “unprecedented” they really mean it – and its part of the passion to change the way that lending finance works – using the power of cryptocurrency.
In a world where conventional loans are expected to result in losses, and the only way to profit from them is to reinvest the loan with a guaranteed higher rate of interest return than you should pay in interest to the lending Bank, MoneyToken takes this to a whole new level of customer orientation. Yes, we often hear “We grow with our clients” from dozens of conventional banks. But now MoneyToken is literally and mathematically growing with its clients and their assets.
MoneyToken is an incredibly impressive company: pioneering crypto backed lending worldwide, first for BTC and ETH, then for BCH as Roger Ver joined as advisor, Money Token has grown into a well-known company with more than 85 thousand customers in 2018.
This is not the first MoneyToken step forwards in the crypto community. The company just finished a “6% per year” service offering and periodically conducts special membership sales with as low as 0% interest rates.
However this particular step is probably the most significant of all – “Pay if you profit” – an offer to the market from a company that has a fundamental understanding of the users that are not looking for crypto loans when they are broke. They are looking for them when they want to make more profit.