How would you apply to loan when you don't have a bank account? Can anyone think of this?
They need you to provide bank account details for the loan disbursment in Fiat currency. Not exactly. Bank account is not a must for you to secure a loan from Micromoney. But if you do have one good. The loan scheme is targeted at the population without bank accounts who will be connected to MicroMoney services through MicroMoney money partners and via the Mobile App. I try to download their application, but it says it not supported philippines. When did micromoney want to support my country which is philippines. i think because the micromoney office here in phillipines is not open yet thats why the phillipines is not included on the apps, but the whitepaper said the micromoney office here on phillipines is ready to open anytime soon. It's very interesting why the application has such a low number of clicks? from what i've read they are targetting unbanked sectors of the society so logically speaking it will be a confusion to set a requirements requiring bank documents right? Accurate Sire, Therefore they may use other sources of information from the borrowers just like getting our information from smartphone or online accounts. I think they have official standards to find our Original identity. I didn't know if I'm correct, please let me know the whole pictures that I did not see on Whitepaper. Thanks . based on my research, Micromoney create an app that gathers 10,000 parameters. analyze big data using AI neural network scoring and this is enough to obtain approval decision is just 15 seconds. that is the edge of MM to other competitors plus the credit history of the borrower is ready because it is digital. nice info you have there my friend, i can now imagine a credit approval with a snap of my fingers. Very advance mechanism indeed, props to amm for having these. |
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MicroMoney's ICO will end very soon, people still have chance to join the revolutionary chance, it is OK to get some MM. Btw, what is the exchange news? Hope for large exchanges.
as of the momment there are 6 exhanges including mercatox etherdelta and hitbtc that accept AMM tokens and 11 pending under negotiation which includes binance, poloniex and bittrex. we are also hoping to close deal with bigger exchanges! I recently checked MicroMoney's website and found out the same info as Akihiro stated. There are still 11 pending exchanges since the last time I checked their site 2 days ago. but let's just don't lose hope I believe that big exchanges will see how great this project is and there is no room for rejection. no offense i really believe this coin is outstanding enough to be qualified on those exchanges but to think that every exchanges has their own different person to approve well it only means that chances are some of them are not in favor on it. Speaking realistically but let's just hope for the best who knows maybe you're right |
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How would you apply to loan when you don't have a bank account? Can anyone think of this?
They need you to provide bank account details for the loan disbursment in Fiat currency. Not exactly. Bank account is not a must for you to secure a loan from Micromoney. But if you do have one good. The loan scheme is targeted at the population without bank accounts who will be connected to MicroMoney services through MicroMoney money partners and via the Mobile App. I try to download their application, but it says it not supported philippines. When did micromoney want to support my country which is philippines. i think because the micromoney office here in phillipines is not open yet thats why the phillipines is not included on the apps, but the whitepaper said the micromoney office here on phillipines is ready to open anytime soon. from what i've read they are targetting unbanked sectors of the society so logically speaking it will be a confusion to set a requirements requiring bank documents right? |
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Attention!
Especially for all investors or contributors of MicroMoney, the team find out some scammer activity in their telegram channel. somebody named as one of their admins and stealing money by messaging users in PM.
Please always verify all admins from the group when you are talking in PM! List of admin username on telegram:
@atijke, @Fantom_mas, @Maxung, @Anthony_Gor, @dankom, @Daniel_Kapran, @antondz, @acheremkin, @vsvoboden Good job! Thank you for this great news. And to everyone be carefull who you want to talk out there are scammers out there who want to steal your money so be careful guys. thank you for informing us, there are lots of scheme like this nowadays, so everyone be careful and do some background check before investing. Yeah we do not know when or where they attack, scammers is everywhere so be careful make some background check before give some money or information. thanks for this safety reminder, we must be all vigilant anf stay alert don't believe on ambitous promises and always check the site you are entering before conducting any transaction. |
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How do you think, will the project collect a soft cap?
It is left not big amount, but they have only two days..
Soft cap is reached which is $1 million, the $10 million soft cap shows in the website is their 2nd milestone, you can see it on the whitepaper. Soft cap - $1M Hard cap - $30M Core Milestone: 1st - $5M 2nd - $10M 3rd - $15M Thank your for this kind of information . Every member who support this MicroMoney will atleast have an idea about the goals of this ICO. Right now I believe they are close enough in acheiving the success of this project. Being transfarent is a good attitude of developer, it can give trust and assurance for those people who are willing to support this kind of project because now We are seeing what it has reached and where it is going. now it's clear the 10m and 15m that many of people here are mentioning are milestone not the softcap, but for the good of many of us let us wish that they surpassed the 15m milestone. |
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The soft cap is getting closer. Yes, micro money has solid team where it can drive the market towards micro money. Now they are making many partnership with other companies when they entered into crypto market and exploding their business to nation's.
Right Sire, the movements and performance of this project inside the market is great and We will see that it's getting closer to the peak. Very excited to have this project in my country, It will help a lot of people here in Philippines. this will be happening for sure since it's partners are big ones and the devs are very active in order to fulfill their cause. I've supported the previous project of this team so no doubt they be nailing it for sure. |
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Thanks for this info. I will definitely download this app. hopes it works well with android phones. wow thanks for this one, i find this one interesting and helpful. It will be good thing for this token to have a mobile app in order for less hassle transactions and convenient monitoring. |
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there are lots of exchanges that micromoney will be listed, thank you for this update man! and great job to the team! I never heared about this exchange but it looks like a korean exchange. We all know that there are lots of korean traders who likes to trade cryptocurrency. according to pinterest.co BITpoint is a japanese bitcoin exchange expand into mainland china, hongkong and taiwan. Thank you for correcting me. Though japan and korean already adopts cryptocurrencies a lot. this will still give the same outcome as this two countries has a lot of users of cryptocurrencies. no problem mate! what you said is true it doesnt matter if BITpoint is japanesse or korean exchange this two country is already adopting the crypto, it will be a good chance to be listed to BITpoint it will help micromoney reached the japanesse investors. agree on both of you folks, both of this two country don't intend to be left behind when it comes to cryptocurrencies. Whichever side you choose, you're in a win win situation. |
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Is there a working alpha version of your mobile application? or is it still under development? Im excited to see how your application works to help people have their first credit history as you said that over 2 billion people have'nt have their frist credit yet.
Im also excited about the impact of this application and project to the people . Hopefully this project and people behind this are all prepared in launching and developing their application . An early congrats for all of the people behind this team. Great work sir . There's still 11days before the ICO ends. At this moment micromoney already sold over 10million tokens, theres a lot of good things to happen on those 11days before the ICO ends. Hoping that this project will sold out their all tokens. Where you get those number? Ico will end in 3 days. Check it at the website https://www.micromoney.io/I have seen it on orderbook. It will give confusion on the investors if it was not fixed. thank you for informing. not that sure but i believe the figures posted on order book is a bit outdated compared to the main website that's why there's a little descrepancy. yes i saw it too theres 11 days left on the orderbook thats why im a little confuse. hope that will fix it immediately. yes orderbook is behind and outdated compare to the website if you wanna know the current stats i believe you should rely on the website but it doesn't mean orderbook is defective actually it's functioning well as is. They already made answer at telegram group, that the main count is on site, but that one on orderbook will be fixed well that's good to know, the devs are quite active nowadays i think it's because the ico's end is near. |
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Is there a working alpha version of your mobile application? or is it still under development? Im excited to see how your application works to help people have their first credit history as you said that over 2 billion people have'nt have their frist credit yet.
Im also excited about the impact of this application and project to the people . Hopefully this project and people behind this are all prepared in launching and developing their application . An early congrats for all of the people behind this team. Great work sir . There's still 11days before the ICO ends. At this moment micromoney already sold over 10million tokens, theres a lot of good things to happen on those 11days before the ICO ends. Hoping that this project will sold out their all tokens. Where you get those number? Ico will end in 3 days. Check it at the website https://www.micromoney.io/I have seen it on orderbook. It will give confusion on the investors if it was not fixed. thank you for informing. not that sure but i believe the figures posted on order book is a bit outdated compared to the main website that's why there's a little descrepancy. yes i saw it too theres 11 days left on the orderbook thats why im a little confuse. hope that will fix it immediately. yes orderbook is behind and outdated compare to the website if you wanna know the current stats i believe you should rely on the website but it doesn't mean orderbook is defective actually it's functioning well as is. |
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Many here asked the question of listing on the stock exchanges. I guarantee you that you should not worry. Micromoney has already concluded so many partnership agreements that the project is already doomed to success. One can for certain say that the project will be added to all major exchanges. You can just look at the information on their website. This is a large list, not counting the already added stock exchanges. nice publication you have there dude those are bunch of extravagant exchanges that will surely suitable for this prestigous kind of coin. if all of these given exchanges will be infiltrated by amm this will a very good thing for everybody, i mean those are very well known exchange bittrex itself is a very good example i hope the plans on listing on this exchanges will work out. |
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SoftCap is not reached yet, but there are less then 200k$ to go. At first softCap was 1mlnm but after they change it to 10mln
Hi they already posted that the softcap was already reached. you can check their post in their twitter account. https://twitter.com/micromoneyio/status/928933238470529024cryptocurrencies which accepted on this ICO is very volatile and affects the current total sales. Up to this point the total sales of the crowdfund is 9,806,880 usd according to their official website. yeah i agree with you since btc now is unstable because of the previous drama happening lately that's why volatility of price is always a thing to consider. |
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Is there a working alpha version of your mobile application? or is it still under development? Im excited to see how your application works to help people have their first credit history as you said that over 2 billion people have'nt have their frist credit yet.
Im also excited about the impact of this application and project to the people . Hopefully this project and people behind this are all prepared in launching and developing their application . An early congrats for all of the people behind this team. Great work sir . There's still 11days before the ICO ends. At this moment micromoney already sold over 10million tokens, theres a lot of good things to happen on those 11days before the ICO ends. Hoping that this project will sold out their all tokens. 11 days ? It still more time for improvement on this application . More time for investors to invest and see the worth of this ICO Micromoney. If Im not mistaken , their softcap is only 15million tokens , right ? From what I know softcap is 1million usd and their first milestone for the crowdsale is 10million both was already succeeded. hoping for the soldout in the next few days  well if that's the case i think 11m is quite far enough. Meaning they really exceed their set targets if ever but i believe there's enough time for sold out let's just wait and hope for the best. |
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I saw the plan of Micro Money in next 2 - 3 years, and I amaze because they choose Asia in 2018. This gonna be a good challenge to them before they go to America and Europe.
yes and i saw that they are ready to open the phillipine branch. with the help of BPI,BDO and metrobank in the philippines based on their businessplan https://www.micromoney.io/MicroMoney_whitepaper_ENG.pdfThose banks are have a good reputation in the country of Philippines, this is a good spot for Micro Money. No wonder MM has a bright future in Lending Business. is this true? If they will be venturing here, well i believe it will be a very good thing. This might disrupt the lending businesses here and put an end to those filipino capitalist who doesnt deliver good services. |
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Yes, i also noticed that, i would like to see how they plan to run their business and apps on blockchain. very little technical details on the projects, do you plan to expand the WP?
Why are you asking to put a lot of information to WP. Big WP is not good to. If it have 10-20 pages may be someone will read it. But if it will be 50+ it's to hard to read. i think we have to take into consideration some signs that make an ICO unique and has a working product, if it Has a good Team with large professional experience, not only a whitepaper, Whitepaper is like an abstract to a certain thesis, they are just sharing with you the key concepts and ideas and the basics of their business model. These information are then used by possible investor, user, developer and can also be used by a competitor. That is why it is important to share just enough but not too much to prevent loss of information and leaking of their trade secrets. if you are an investor, you are keen on details and problem that the project may encounter because you are risking your hard earned money on it. the pages of whitepaper doesnt determine the whole project but the content itself. Please do remember that as an investor, you have to do your due diligence. The whitepaper is merely an introductory documents for you to consume and understand what you will be possibly investing into. Investing also entails that you need a minimum level of understanding before you risk your so called hard earned funds. Also, investing your hard earned money is like going into a gamble, you will never know if your investment will give you a positive return or not, what you can do is to believe in the project and hope for its best. Trusting the development team is also a good thing, since it means that you believe in what they are doing and their capabilities. I believe that investing in micromoney is an excellent idea since i believe in their project viability and the team's experience and expertise on the field. In addition, they already have a working business model which greatly increases their credibility for any upcoming investors. yes offcourse there is always risk in every business but what we are interested with micromoney is the working business and plans on expansion. micromoney is a good investment. It's trusted in too many different places in the world. Which mean this is tested and trustworthy as well. yes AMM started 2015 and they have branches somewhere in the globe and there are lots of project in ASIA ready to open, so i think AMM is already trusted by the borrowers and investors. Good to hear that because in our country there is a lot of unbanked people but they have a real huge amount of money. MicroMoney is focused on micro-financing in the money lending industry, is that true? Do they have any service than this? that is the target market of micromoney, the unbanked sector of the emerging countries in asia and africa. the timing and the target market of the project is perfect. I believe this will be a major threat for the existing centralize institution, the real reason why i find micro money very disruptive when it comes to project ideology. the cryptocurrency itself is a big threat to centralize institutions like banks and other lending companies and the project of micromoney to provide the unbanked to have a credit history in order for them to deal with other institutions is great idea and would be a great help to the emerging economies in asia and africa. let's just hope the devs will be strong enough to hande the incoming FUD for them. As we all know the brighter the project you have the worst FUD will be thrown to you and i really believe bankers will be desperate enough to do it |
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i just read the whitepaper that micromoney can approved your application for the loan in 15 seconds and can give the fund in 1 hour. that was fast unlike any other lending company.
how do they screen their customers in 15 seconds? im just curious. according to the whitepaper the client can get their money by filling the application form on their mobile app, the screening takes only 15 second by using the machine learning algorithms, oh they are using AI to assess the credit score of each applicant. that sounds high tech to me! where can i see the form for me to try it? does this application is hack proof? i think it is were talking about money and their using this high tech algorithms so maybe they using a great security system too. well that will be a good news for us, coz it will be a lot of money involve here. Good thing also coz this is not an eth base platform, we all know most of it are being hi jacked nowadays |
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hi devs and all the members of this thread! i have a newbie question since im new here, what is the credentials or requirements of micromoney if someone wants to borrow money? thank you
Banks: Documents: ID + Family book + recommendation from police station + salary slips + recommendation from work. Collateral. Guarantor. Micro Finance Companies: Documents: ID + Family book / recommendation from police station / additional documents. Collateral or Multi guarantors ( group loans ) Pawnshops: Documents: ID. Collateral Guarantor: Needed (Gold, Electronics etc.). Unofficial Money Lenders and Loan “sharks”: Documents: ID, Recommendation by existing client / Referral. Collateral Guarantor: Negotiated. for better understanding please visit https://www.micromoney.io/MicroMoney_whitepaper_ENG.pdfthank you mongkie im going to read the whitepaper to learn more about micromoney. Nice publication you have their folk, well atleast it's now specified thank you the clarifications well at least we are now all enlighten. It's a same way on applying normal loans as i see well the difference is it's thru online. |
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Hey OP will this be a problem for those of us that signup to receive tokens through orderbook ?I think this is the KYC system that orderbook is now adopting to their platform, which will be asking for your verification ids and other infos in order to confirm your identity. |
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hi devs and all the members of this thread! i have a newbie question since im new here, what is the credentials or requirements of micromoney if someone wants to borrow money? thank you
hi there bro/sis, from what i know their platform will also be using KYC system. I think the requirement itself is to avail the token. But not that sure of the specific details. But it's a good question tho, how can you lend money to someone you don't even know. |
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In the past few days the investment volume hasn't changed. Micromoney hasn't surpassed the soft cap. What I hope in the last days of ICO has still not come yet. Hope today news(BitPoint) will bring good news in next 3 days.
i do believe that micromoney will surpass its softcap it is slowly moving i've been monitoring the price since yesterday and it is active from 9.5m to 9.7m and keep on growing.. i believe it's a matter of time it will surely surpassed it's target. The good thing for us to look at is not just about the end of ICO. To think that they are targetting a long term plans. Example of this is making arrangements with big exchanges. I believe that's a very bold yet outstanding move. |
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