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Important announcement from the MoneyToken team to all Private Sale contributors
To provide assurance and protect Private Sale contributors from the falling market, the MoneyToken team announced that the token balance of all Private Sale participants will be reassessed at the end of the Token Sale, against the value of ether and other crypto assets at that point.
If the value of ether has risen, MoneyToken will reassess the number of IMTs issued to you as a contributor and increase the number of IMTs you will receive in proportion to this rise. MoneyToken will not make such a correction if the value of ETH has fallen.
To gain access to the Private Sale, interested contributors should apply to join the
MoneyToken Whitelist
If you are a cryptocurrency holder, or interested in finding out more about the project you can join MoneyToken telegram chat
For example:
You contribute 1 ETH today with ether trading at $800 = 1 ETH
If at the end of the general Token Sale ether’s value rises to $1,000 = 1 ETH, MoneyToken will reassess your contribution at the new rate and increase your IMT balance by 25%.
If ether’s value rises to $1,600 = 1 ETH, MoneyToken will increase your IMT balance by 100%.
The additional IMTs will be awarded for any contribution made in any accepted cryptocurrency (ETH/BTC/BCH/LTC) during the Private Sale.
This means that you can safely contribute to the Token Sale right now and receive the maximum amount of IMTs, even if the value of your BTC or ETH would have gone up before the sale ends.
This Private Sale update dovetails with the main mission and idea of MoneyToken: leveling the risks of the volatile market and providing the opportunity to save your cryptocurrency position with the help of cryptocurrency-backed loans.
The MoneyToken team recognizes the amazing value of the support of all the early contributors during the Private Sale. We welcome and cherish your support and want to do everything to enable you to take part and commit to our community. Join our telegram chat to support the MoneyToken community.
[Join Private Sale button]
[Join Telegram chat button]
Contact Email Address
james.hendersonmt@gmail.com
Supporting Link
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This week the Japanese financial services management group SBI Holdings has announced that it has acquired 40 percent of the Taiwanese digital currency hardware wallet startup Coolbitx. Over the past few months, SBI has been entrenched within the virtual currency industry as the bank plans to incorporate multiple types of cryptocurrency business models.
Also Read:
SBI Holdings Purchases Taiwanese Hardware Wallet Manufacturer
Japan’s Strategic Business Innovator Group (SBI) is a financial services company launched in 1999 and is headquartered in Tokyo. Over the past year or more the banking firm SBI has increased its interest and ownership of businesses that have a focus on cryptocurrency solutions. This past October news.bitcoin.com on SBI investing in eight types of crypto-related business models including hedge funds, derivatives, remittance, storage, exchange platforms, and mining. Now earlier this week SBI revealed it has purchased a large portion of a Taiwanese hardware wallet company called Coolbitx.
SBI Aims to Further Enhance Security
has been around since 2015 and introduced a hardware wallet that looks like a credit card by utilizing near-field-communication (NFC) and Bluetooth technology. The card pairs with a phone in order to initiate the transfer of funds such as litecoin, bitcoin core, ripple, and . When the company launched the card, the startup’s founder, Michael Ou explained, “Our wallet gives you the convenience of a credit card, but with a better security.” SBI believes hardware wallet technology is important to the bank’s research and development in the digital currency environment.
“We have been looking for security sophistication by capturing advanced technologies of external companies in addition to thorough risk management within the company, making the protection of customer assets the top priority,” SBI’s translated Coolbitx purchase announcement details.
In the future, while considering Coolbitx’s technology utilization, we aim to further enhance security.
SBI Now Commands 40 percent Ownership of the Coolbitx Company
SBI says the business move is meant to meet the needs of the company’s investors while aiming to establish a robust “ecosystem” with virtual currency related businesses. The Japanese finance firm says Coolbitx’s wallet has received positive attention due to the recent . SBI believes that Coolwallet’s card feature and its connectivity with both iOS and Android operating systems will be something cryptocurrency proponents will utilize for a hardware wallet solution.
“SBI Group’s ownership in Coolbitx will be 40% as a result of this investment,” SBI emphasizes.
What do you think about SBI Holdings investing in a hardware wallet startup? Let us know in the comments below.
Images via SBI Holdings, Coolbitx, and Pixabay.
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