From today we are opening up the MoneyToken platform to applications from users who want to become lenders, and who are interested in earning from 6.5% to 8% annual interest through MoneyToken.
All funds used for lending are backed by borrowers’ collateral at a 2:1 ratio.
Lenders will receive interest daily from their deposited funds, with the option to withdraw from the program at any time.
Lending funds should be made in the following accepted stablecoin currencies:
- Tether (USDT)
- Circle (USDC)
- TrueUSD (TUSD)
To apply to become a MoneyToken lender please fill the application form here.
Benefits for IMT holders
To show our appreciation to all supporters and holders of IMT we will prioritise applications from IMT holders, and will be offering preferential interest rates to lenders who also hold IMT.
Identification and Verification
Individuals must be at least 18 years old and have their identity successfully verified by MoneyToken.
Family trusts, crypto funds, crypto pools, companies, ICO startups and other organizations will also need to pass identity verification procedures in order to join in the lender program.
Account and Contributions Minimums
At this stage the minimum required initial deposit for lenders will be $100,000 in stablecoin equivalent. We are planning to lower this limit in the future, potentially to a minimum of $1,000 equivalent.
If you are interested in becoming a lender, but want to deposit less than $100,000, please fill in the application form now and we will hold onto your application and confirm back to you when the platform is open to lenders with lower deposits.
Contributors should be prepared to hold their contribution to maturity. Currently, approved long-term loans facilitated by MoneyToken have either 3 months or 60 month terms.