Topic: [ANN][MicroMoney] The New Global Crypto Economy - page 57. (Read 55011 times)

Investing in ICO's means that you believe
in the project and price changing in the
market should not affect you although most
of the investor would like to get instant
profit after the ICO.

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.

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

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.

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.

That's right , they will continue to invest if they know the good potential and sure profit of it. When the value increase the profit will increase too for sure.

The team is doing their best to raised more funds for this project and I think that they will like to hit the next milestone or hard cap because they extended the token sale so all of their interested big investor could participate.

No one really knows what will happen if
they hit different exchanges but it is
good for the investor if the value increase
after the ICO.

THE REASONS FOR MICROMONEY SUCCESS AND EXPECTED IMPACT

Technologies are not able to earn money on their own but their users can

When we are talking about access to lending, we do not mean the services: we keep in mind all the real problems people can solve with these tools. We want customers to confide technologies, banks to believe in customers, and customers to trust banks. All the tools we bring to the market help not only to make loan processes easier for financial organizations but also to remove barriers for the borrowers financially excluded. It is a Win- Win situation for banks reaching all the necessary data without huge expenses for the market research as well as for the customers achieving all the opportunities the market can offer while keeping their privacy secured.
As MicroMoney builds the decentralised Big Data & Credit Bureau, the ambitious and wide- range blockchain project, the company is able to change the emerging markets’ finances allowing to cut the cost heavily and to make lending services available for 2 billion of unbanked people worldwide for the first time in their lives. We accept credit availability as the part of human rights for people to be educated, to get medical care, to create own businesses, and to improve quality of life.

MicroMoney enhances well being of billions of people

Two billion of the untapped adult population globally can obtain the same market opportunities as the “banked” people have right now. What kind of technologies can do it? These are neural networks, blockchain, AI, mobile scoring and Big Data. The thing is that almost a population of a large country – 2 billion – can live happier than before with the help of the aforesaid technologies.

MicroMoney activates Financial Inclusion

To be included in the financial system and to improve life quality, people need just two things - access to the available funds and the tools to receive this access. Here is MicroMoney to help both with the access and the tools.

Extending ICO is not really good for early contributors but I think that MM team believes that this big investor who want to participate could hit their $15M milestone or $30M hard cap that is why they make some adjustment.

Thanks for informing us! I've read that
the reason behind this extension is
because of their big investor that would
participate in ICO but need to collect
funds to invest.

I think after ICO, when it will arrive at some good exchanges price will go up at least 3x. They have a great project and already working business.

Congratulations to all participants in this project! The project will now work in any case, since softcap achieved

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.

Wow, great! Really, closer to end of ICO investors become more active, it is very good. Maybe 15 millions will be collected in such temp)

Already the Soft cap of Micro Money has been reached and only 1 or 2 days left in the ICO and they have collected more than 10 millions soft cap. I would like to see some major announcement about the exchanges after completion of the ICO.

It's a fake rumors. Why they should extend ICO. They got softCAP so they cold continue make the main work. Extend the borders. Make new offices in new countries

I heared somewhere that micromoney will extend their ICO for another 1month. Can someone clear this up?

no doubt that amm tokens will have a high value because of the burning principle and strong fundamentals of the product itself.