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.
And after repaying the loan you receive your whole collateral back; even if the collateral has increased in value multiple times.
This way, you're able to acquire liquid funds for immediate needs, and save your crypto position, all at the same time.
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PS: I am not a Financial Adviser, and any information shared in the video is my own opinion and not to be taken as financial advice. please do your own research before investing any amount of money, also only invest what you are willing to lose.
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Good idea
This will solve sooo many problems for so many people.
Good idea
I really enjoy the idea of crypto backed loans but I think there might be a more sophisticated project named Nexo. Have you looked into that?
No i haven't, I will definitely check it out. But this project has been getting a lot of attention and for good reasons.
Also got Roger Ver as an advisor.
Check it out, I dont think you will be disappointed
Actually I received like two MoneyToken from an airdrop or something haha. Yes and I also like the project very much!
Haha, You never know that two Money Tokens could be very beneficial to you later on ;)
Hello @cryptoosid 😊 i'm a newbie in here hehe hmm what is cryptocurrency?
Check my channel out and watch the videos, you will learn all about cryptocurrencies
youtube.com/c/CryptoSID
👌👌👌lovely
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Thanks
You're welcome, please don't forget to check out my posts pleaaaase
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Interesting article, thanks for sharing.
😀😀😀😀
Cool