Topic: [ANN][MicroMoney] The New Global Crypto Economy - page 56. (Read 55011 times)

I just want to ask why they need to extend their ICO?

Yes it is extended for more 7 days so the ICO will end at 25th of November, you can see on their website that timer has been changed.

Here is their announcement:
https://medium.com/@micromoney.io/micromoney-extends-amm-token-distribution-campaign-for-one-week-da45e51c7470

Is micromoney extended their ICO? Can someone say this to me if this is true or not? Thank you in advance.

It is always good for ICO's to have an
active thread in this forum because it
could attract a potential investor to joined
in this platform. great job for everyone
who contribute and help this thread to be
more active!

Yes they made some adjustment about the token sale, the ICO will end in November 25, 2017. I'm not sure about the bonus they offer but you can directly ask their team members on the telegram channel.

hmm ... they changed something again? I think everyone who has already wanted already invested. What is the bonus now?

One thing I like about the MicroMoney is the purpose of their AMM token, You can either hold AMM and wait for it to gain value or use it as collateral in the platform.

I still support micromoney project but at telegram has many issue
many investor I think disappointed about this extend time
and I think will dumped after release
has bonus for old investor
so that the investors stay quiet and relaxed

I still support micromoney project but at telegram has many issue
many investor I think disappointed about this extend time
and I think will dumped after release

Usually, extending token sale means a negative reason. Maybe because it didn't click to the investor or to the community. But in MM is different, they gave another chance to those who want to purchase the token. Well done Micro Money.

Yeah, they want more. This will not benefit the MM only but also all of the investor if they got a lot of fund in different section. They can expand the lending business in just a short interval of time.

MICROMONEY EXTENDS AMM TOKEN DISTRIBUTION CAMPAIGN BY ONE WEEK

November 16 — Singapore — MicroMoney, a market pioneer blockchain credit bureau and a social lender helping millions of unbanked get their first loan, has heeded the call of investors disappointed with the hard fork market instability and clamoring for another chance to buy into the massively popular AMM token swap.

Today, MictoMoney extends its token distribution campaign for 7 days, due to popular demand. Now the $AMM token campaign will run until November 25, 2017, so that many more potential contributors who are waiting out the highly volatile market, can join in.

The news comes on the heels of MicroMoney raising its softcap from $1 million to $10 million. MicroMoney reached the new softcap yesterday.

The successful token distribution campaign with a social mission to help financially include the unbanked around the world was launched on October 18 on micromoney.io.

The pre-distribution phase helped gather more than $5 million alone. MicroMoney reports that AMM token campaign for potential investors has been extended from the initial closing date of November 18 due to an anticipated hard fork occurrence that is anticipated around that time. Hardfork is a radical change to the protocol that makes previously invalid blocks/transactions valid (or vice-versa), and as such requires all nodes or users to upgrade to the latest version of the protocol software. This may create an extreme volatility in the blockchain market.

The innovative platform for integration of unbanked, MicroMoney has already distributed over 11.5 million tokens to date. It has created strategic alliances with dozens of blockchain market leaders and with companies that are currently going through ICOs. Most importantly, just days ago MicroMoney has announced that it will be listed on such influential exchange platforms as HitBTC, Yobit and Etherdelta.

Headquartered in Singapore, MicroMoney has been operating since 2015. MicroMoney plans to use attracted funds to further develop its business, expand to Vietnam, Malaysia, Singapore, Nigeria and other countries and to add previously unbanked customers to the global economy.

MicroMoney’s mission is to help give over 2 billion of unbanked and underbanked people a chance to become part of the global financial system. The company has developed a unique protocol for that — through a mobile application based on blockchain technologies and neural networks. The application allows clients to get a loan through a smartphone with no collateral or paper-based document requirements and thus start on a credit history. By analyzing data on a client’s smartphone, the system decides whether to approve a loan or not.

Based on on its vast field experience and market research, MicroMoney has worked out business development algorithms in new countries. At the moment, MicroMoney is at the stage of launching several international franchises. Access to the company’s expertise in finance and credit will allow customers to enter emerging markets around the world.

Now, with the campaign extension, potential investors have one more week to join the token distribution campaign and help millions to improve their lives.

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-extends-amm-token-distribution-campaign-for-one-week-da45e51c7470

I wasn't expecting anything less. MicroMoney is a people centred project and the public interest towards the ICO has continued to increase on a daily basis. I expect more and more people to drop byto identify with the project. The same traffic inflow is also witnessed in all the other media channels. Thumbs up to MicroMoney.

I continue to support the Micro Money, specially this time. By extending the token sale is a good idea for MM. By keeping a token sale to the community who is interested of it. Hopefully they got more investors and partners as well.

Yes I think the team really wanted to reach the hard cap that will allow them to speed up the planned expansion and they are certain that this big investor will make it.

Honestly, I am yet to hear that from any of the official MicroMoney channels. I believe if that will be which I doubt anyway, then the announcement will certainly come from the official Dev channels such as Telegram, Email, Twitter, Facebook and BTT. So, for now,  let's focus on concluding this main phase first to achieve more successes.

The development team I believe knows what they want and what they really want to achieve with the extension of the ICO period. Although I was not expecting this announcement but I must say that it will still make an impact on the final amount to be raised. Hopefully the big investors will help the ICO to achieve the hard cap. It is very possible.  Let's keep working hard.

The supporters keep coming as community keeps growing, they also have 6K members in their telegram channel so I'm not surprised if the pages hit 200 if all members drop by in this thread.