The MoneyToken application allows you to borrow liquid funds instantly based on your cryptocurrency asset holdings' current value. You can get money for your immediate needs and save your crypto position, all at the same time.
This is how it works: You can take out a crypto 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 you repay the loan, you will receive your whole collateral back, even if the collateral has increased in value multiple times.
What does it mean? As a lender, you can get the chance to put your crypto to work, obtaining a stable rate of interest from the money you loan on the platform, backed up by borrowers' insurance and the platform's reserve fund. Spending cryptocurrency today prevents holders from gaining on a future increase in asset value; those people who buy deep need to hold on to their purchases to profit from selling high.
So, in four easy steps, you can use your crypto as collateral, get a loan for whatever you want, and hold on to your assets.
How to use it:
Step 1: Select loan terms.
Step 2: Deposit your collateral.
Step 3: Wait for confirmation
Step 4: Receive your credit funds
Exchange and OTC services:
You can become a VIP customer, be profitable in any market condition, and take advantage of services available for MoneyToken VIP customers and Institutional clients. MoneyToken Exchange and MoneyToken OTC are at your service whenever you need to cash out your trading profits, get cryptocurrency, or trade your crypto assets.
Check the next key terms: Minimum amount: 50,000 USD Crypto-to-Crypto and Crypto-to-Fiat exchange services Personal Manager for customer care
Now that MoneyToken is launching Cryptocurrency Lending Service, you can earn benefits on your cryptocurrency holdings. All MoneyToken users can use the platform to place collaterals and make a passive profit with their crypto.
MoneyToken offers up to 12 % yearly percentage yield (APY). That is the highest APY for long term USDT, BTC, ETH deposits in the cryptocurrency business, and that is significantly more expensive APY than regular bank deposits could offer.