Crypto NEws

Roger Ver and Mate Tokay from Bitcoin.com Join A New Fintech Startup Advisory Board

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The partnership may bring new benefits to the Bitcoin Cash community, and provide it with widen range of financial management options.

Bitcoin.com’s CEO Roger Ver and COO Mate Tokay have become advisors to a fintech startup MoneyToken, as reported in MoneyToken’s announcement. The partnership between MoneyToken and Bitcoin.com may bring new benefits to the Bitcoin Cash (BCH) community, as BCH will be available as accepted collateral on the MoneyToken lending platform, says the joint press release.

According to Bitcoin.com, Roger Ver is also an advocate of Bitcoin Cash and one of the key influencers in the crypto community because of his early investments – since 2011 – in crypto-related startups including Ripple, Blockchain.info, Bitpay and Kraken. Ver’s company, MemoryDealers, became the first company in the world to accept Bitcoin as a payment option for its services.

As reported in the MoneyToken announcement, Mate Tokay has been involved in the cryptocurrency business as a miner since 2013. He co-founded Bitcoinist.net a cryptocurrency news magazine and he is now the COO at Bitcoin.com – one of the most popular source for bitcoin related news and information.  

MoneyToken is a cryptocurrency-backed lending platform that provides loans to cryptocurrency holders. The main idea is that a borrower who owns cryptos may simultaneously deposit cryptos as a long-term asset and spend it at the same time by investing in new initial coin offerings (ICOs), or by trading at exchanges.

Joining forces

“MoneyToken is a bright example of the real use of blockchain technology, as well as offering a massive boost for crypto market liquidity for all market players, and especially for businesses,” Roger Ver said at the press release on the partnership with MoneyToken.

With leading Bitcoin.com executives on the board of advisors, MoneyToken faces new opportunities. “Now Bitcoin Cash holders can enjoy the benefits that MoneyToken offers – leveraging their assets and spending cash, while continuing to hold their crypto positions”, says the announcement.

“The Bitcoin Cash community is a unique and powerful force in cryptocurrency. Adding our support to Bitcoin Cash and allowing our potential token buyers and future lenders and borrowers to operate in BCH, only adds to our portfolio and strengthens the value of MoneyToken as a product for all our users.” Commented Jerome MacGillivray, Co-Founder of MoneyToken.

Conquering fintech user’s hearts

The MoneyToken platform, aimed at miners, projects that made their token sales, traders, investors and exchanges, will allow holders of crypto assets to gain access to loan-based financial services, using cryptocurrency as collateral.

The MoneyToken business model works as following. Any user may deposit his Bitcoins, Ethers or other coins at MoneyToken and in return receive the a loan that may be spent on investments in US dollars or cryptocurrencies.

MoneyToken has launched its public token presale on May 2, 2018 with a 20 percent bonus. The crowdsale campaign will last until June 6, 2018. So far, the MoneyToken team has overpassed its softcap goal, having raised almost $10 mln. The hardcap is $41.5 mln.

 

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Home Alt Coins Elio Motors Launching ICO To Build Cars? | Can Eliocoin Save This Car Company?
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Elio Motors Launching ICO To Build Cars? | Can Eliocoin Save This Car Company?

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HashFlare

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According to a newly launched website, it looks like Elio Motors may be in the beginning phases of attempting to launch their own cryptocurrency called Eliocoin.

The controversial car company has been fund raising for their Elio automobile which has 3 wheels, seats 2 people, and somehow gets 84mpg on the highway. Although the original estimated costs were much lower than $7,000 the currently listed price on the company's website is about $7,450 for a base model.

The big question among Elio enthusiasts and skeptics alike is "Will this car ever come out?"

Elio Motors has certainly seen its fair share of fund raising, and has also seen some setbacks that have prevented them from being able to fully produce even their first unit for sale. Up until now all we have seen are working prototypes, which have done an extensive Press circuit at various PR events and auto shows around the world.

It remains to be seen if Eliocoin will be a success for this company, or if they still remain unable to get their act together to release a viable consumer product.

HashFlare

Comment(11)

    1. Thanks Dude! It’s been too long, but I have been around. I can’t believe it’s taken me this long to make a video :-/

    1. That’s exactly what I thought. Like……it’s been about 10 dang years, if they were going to sell a car I would think it would have happened by now. – Steve

  1. Steve , sounds like they have built a product and soliciting funds with no return. Isn’t there a name for that … scamming..

    1. Hard to believe that they have been able to keep it up for so long, because you’d think going on this long without delivering a product would have stirred up more legal trouble by now. -Steve

  2. Elio.. has been saying they’re going to launch every year since 2014. And it never happens. They’re not getting a penny from me. I invested in the year they told me they were going to start producing cars when they got their Factory in Illinois. And never got my money back. And they keep doing it over and over and over

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