The MoneyToken lending platform was launched in Q1 2018.
At the moment, all loans are being issued manually as we fine-tune the business processes.
The average time for disbursement of a loan is between 1 and 3 hours. This waiting time can increase during periods of high-volume or if the total loan amount exceeds $50,000. The maximum wait time will not normally exceed 48 hours.
- Accepted collateral currencies: BTC, ETH
- Available loan currencies: USDT, DAI, BTC, ETH
- Acceptable Repayment to Collateral ratio: from 30% to 70%
- Minimum loan duration - 5 days
- Maximum loan duration - 90 days
- Minimum loan amount - 200$ USD in cryptocurrency equivalent
- Interest rate - 0.2%/day (6%/month)
Please Note: Loan terms and conditions may be altered in the future as a result of market conditions.
Longer term loans, other accepted collateral and loan currencies, including fiat currencies (USD, EUR, JPY, CNY, KRW, AUD) will become available later, in accordance with the MoneyToken Road Map.
The loan registration and issuing process will be switching to become an automated procedure in the future.
Contact firstname.lastname@example.org if you have any questions.