MoneyToken (IMT) was the native utility token of the MoneyToken platform, which provided crypto-backed loans and asset management services. The platform allowed users to deposit volatile cryptocurrency assets—such as BTC, ETH, BCH (ABC), or BNB—as collateral in order to receive a loan in stablecoins like USDT or DAI. This enabled users to access liquidity without selling their crypto holdings.

The IMT token served as a utility asset within the platform, offering users various incentives. These included the ability to repay a portion of loan interest using IMT, purchase membership packages that offered 0% interest rates, and increase returns on lending activity. Tokens used to purchase memberships were burned, which aimed to reduce the token's circulating supply over time.

Borrowers on the platform could take out loans in a 1:2 collateral-to-loan ratio. If the borrower failed to repay, only the portion of the collateral equivalent to the debt would be liquidated, with any excess returned to the user. Lenders, meanwhile, could deposit funds in stablecoins or major cryptocurrencies and earn fixed interest backed by collateral and a reserve fund.

The platform aimed to address a specific problem in the crypto market: the need for liquidity without forcing holders to sell their assets and miss potential long-term gains. By collateralising crypto assets for short-term funding, users could maintain long exposure while accessing cash.

IMT was a multifunctional utility token within the MoneyToken ecosystem. Its key uses included:

• Loan interest repayment: For loans under $10,000, users could pay up to 60% of the interest in IMT tokens at a fixed rate of $0.05 per token.
• Membership packages: IMT was required to purchase 0% interest membership plans, valid for one month. Loans taken out during this period were interest-free. All IMT used for membership purchases was burned.
• Lending benefits: Depositing IMT on the platform provided lenders with enhanced annual yields on their crypto holdings.
• Fee payments and integrations: IMT could be used to pay platform fees and gain discounts through partnered services.

The design of the token economy was intended to encourage platform usage, offer tangible benefits to token holders, and gradually reduce the total supply via token burns.

MoneyToken was co-founded by Alex Rass and Jerome MacGillivray.

• Alex Rass has a background in Computer Science and Software Engineering, with over 15 years of experience in software development and IT product marketing. He served as CEO of Informed Technology Business Solutions LLC.
• Jerome MacGillivray is CEO of Ratio Software Engineering, a research and development company based in Ukraine.

The platform also received advisory support from Roger Ver, known for his involvement in Bitcoin.com and as a prominent advocate of Bitcoin Cash (BCH).

The MoneyToken platform is no longer operational, and its official website is inactive. No recent updates have been made through the project’s public communication channels.