MicroMoney, the lending services provider using blockchain technology to bank the world’s unbanked, announces today their token distribution campaign set to launch on 18 October, 2017. The visionary company has extensive plans to transform the economy in emerging markets.
According to World Bank, 2 billion people around the world are still unbanked and unserved. Unable to build credit, they lack access to basic financial services like personal loans and SME loans. This is a critical problem affecting local economies, especially in emerging countries like the Philippines, Thailand or Myanmar.
MicroMoney offers a solution: it helps people to build their first credit history on the blockchain. It uses new technologies and Big Data to determine a person's creditworthiness via an innovative scoring system based on neural networks and A.I. algorithms.
“We are proud of the fact that we can help people who have no access to the classical but outdated centralized economy of banks” says Anton Dzyatkovsky, co-founder of MicroMoney.
The company wants to lead the way towards to eliminating poverty with mobile and internet availability, along with financial inclusion. The founding team has a clear vision and set of goals following the token distribution campaign. Setting the sale hard-cap to $30 Mln, it plans to truly revolutionize the current economy situation in emerging countries around the world including Asia, Africa and South-America regions.
Anton Dzyatkovsky, co-founder of MicroMoney, is also the lending director of Everex - a blockchain company with similar goals. Everex has already raised 25M USD. With more than 15 years experience in the fintech industry and an extended understanding of the Asian market, Anton worked in Singapore and Thailand. He is fully aware of what could be improved in those countries and believes strongly in changing the lending industry.
AMM Token price is locked to $1 dollar per AMM Token. A maximum quantity of 60,000,000 will be issued and all the unsold tokens will be destroyed after Token distribution campaign. Purchases will be possible on https://micromoney.io/
The token distribution will start on October 18, 2017. Pre-sale has already started on September 15, 2017 with a 43% bonus on all purchases during this period. Early contributors will get bonuses as high as 25% bonus on day one.
The platform is already functioning in 5 countries and has helped a lot a people with a lack resources. It has a large amount of feedback with gratitude. Data don’t lie, indeed, 73% of customers are returned customers for whom the platform opened brand new possibilities. 9 out of 10 customers got the first loan of their life!
It is important to note that behind its easy process lays a complex and sophisticated type of technology: neural scoring. Gathering more than 10 000 data parameters from a person’s phone, algorithms can determine the creditworthiness of a person in a record-time of 15 sec. Smart contracts are now being developed to secure transactions within the platform.
Undeniably, with MicroMoney’s innovative Big Data & Credit History Bureau built on blockchain, thousands of local businesses will get access to millions of new customers.
“We’re developing a whole new ecosystem to power the New World of the Global Crypto Economy.” said Anton Dzyatkovsky.
Now, MicroMoney plans to expand to China, Hong Kong and by the end of 2020, the company aims to cover India, Africa and South America.
Founded in 2015, MicroMoney International is a global fintech company offering financial services for the unbanked in the emerging markets, and access to the unbanked audience for banks, trade, and financial organizations. MicroMoney is a fast-growing company with $1.86 million paid-in capital and over 85 employees.
MicroMoney makes lending decisions using a proprietary, based on A.I. algorithms and neural networks mobile scoring system as opposed to collateral or paper documentation. MicroMoney collects customers' opt-in mobile phone data to assess potential borrowers' score rate and to share the data with financial institutions worldwide.Disclaimer. This article is paid and provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company. CoinIdol shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods or services mentioned in this article.