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November 17, 2017 — It is officially ‘mission accomplished’ — but the story continues as MicroMoney Intl, the world’s first blockchain credit bureau and social lender, that recently reached its $10 million token crowdsale soft cap, decides to end token distribution campaign on Nov. 17. The total amount of money attracted into the project is over $11,979,044. It means the project is deemed fully viable, and MicroMoney will be able to set about implementing the vision laid out in their whitepaper.
AMM tokens will begin trading on several high profile exchanges such as HitBTC, Yobit, and more around November 25th. The bonus will be automatically added to the amount of tokens you received through your donation and displayed along with your wallet balance.
“This is a huge milestone in our mission to create a platform that will help the world’s unbanked enter the global financial system.” said Anton Dzyatkovskiy. “We are grateful that our we were able to garner the support that we have, however, this is only the beginning. We have a lot of work ahead of us to realise our vision.”
Fifteen percent of the funding will be spent on the development of our platform and mobile applications; Fifteen per cent of the funding will be used to properly set up legal, operational and marketing framework; Seventy per cent of the funding will be used to establish available capital for payday loans.
Having already entered more than six Southeast Asia markets, MicroMoney has developed a unique mobile application that makes it possible to give loans online without a traditional credit check and using just smartphone data. Unbanked people in many countries can now obtain loans to manage their daily problems and build virtual credit histories. MicroMoney aims to support 2 billion unbanked people all over the world.
About MicroMoney
Founded in 2015, MicroMoney International (micromoney.io) 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 valued at $1.85 million, with over 85 employees in six international locations.
MicroMoney makes lending decisions using a proprietary, A.I. algorithms, machine learning, and Big Data based mobile scoring system. MicroMoney’s lending process doesn’t require any collateral or paper-based documentation. MicroMoney collects customers’ opt-in mobile phone data to establish potential borrowers’ credit score. MicroMoney uses the score to generate credit profiles, stored with MicroMoney Blockchain Credit Bureau, which in turn shares this data with financial institutions worldwide. For more information please visit: https://micromoney.io/
Source: https://medium.com/@micromoney.io/micromoney-achieves-11mm-and-starts-amm-tokens-trading-4db712a3533a
IF YOU ARE YET TO CONTRIBUTE PLEASE HEAD STRAIGHT TO MICROMONEY.IO BEFORE THE ICO CLOSES IN THE NEXT FEW HOURS. DON'T MISS THE OPPORTUNITY TO BECOME PART OF THIS LIFE CHANGING PROJECT.