The Falling Market Protection Service

Money Token
2 min readMar 1, 2018

--

Important announcement from the MoneyToken team to all Pre-Sale contributors

To provide assurance and protect Private sale and Pre-Sale contributors from the falling market, we are happy to announce that the token balance of all Private- and Pre-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, we 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.

We will not make such a correction if the value of ETH has fallen.

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 Pre-Sale Sale.

This means that you can safely contribute to the Token Sale 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 Pre-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 Pre-Sale. We welcome and cherish your support and want to do everything to enable you to take part and commit to our community.

Join the Pre-Sale — https://tge.moneytoken.com/login

Join our telegram chat to support the MoneyToken community — https://t.me/moneytoken

--

--