ICO review of MicroMoney (AMM): valuation, analysis, token cost | Digital Rating Agency
We will call you soon!
Satisfactory level of investment attractiveness
Considerable risk exposure, high sensitivity to market conditions
B1
10/18/2017
Medium
Quality Rate
No detailed scores
ICO
finished
Start: 18/10/2017
End: 18/11/2017

MicroMoney

About

MicroMoney is an Open Source Credit & Big Data Bureau that connects new customers to all existing financial services. MicroMoney A.I. platform uses complex algorithms to predict creditworthiness of all customers and in just 15 minutes a borrower can get their very first loan in his/her life just from their smartphone. All customers have an ability to pay less interest and have a higher credit rating, if they use our platform more often. All aggregated Big Data and Credit Histories are stored on the Blockchain. Thousands of existing businesses will get access to millions of new customers which we will bring to the global economy.

Rate history

Widely discussed in the field related resources Micromoney project offers to finance the expansion of its microfinance business in different countries and continents. The Team has strong participants and Advisory board, the ability and intentions of the participants to develop the promised system are unquestionable. Fraud Rate of the project can be definitely assessed as Low. On the other hand, the microfinance business is a classical credit business and it exists perfectly without blockchain and tokens, so the feasibility and financial result of tokenization for investors raise questions. More details in the report. Coming soon.
DigRate has assigned "B1" rating score of investment attractiveness to MicroMoney project: Considerable risk exposure, high sensitivity to market conditions. The issuance of loans to the population is a highly competitive segment where competitors can be banks, microfinance organizations, mobile operators and even search engines and social networks. Online lending with automatic scoring has been around for a long time and has its own pros and cons. The MicroMoney project team believes that it will be able to work much better than the market as a whole. Advantages of the ICO are the availability of the core expertise of the team, productive PR-campaign, Advisory Board, and interesting investors. The main disadvantage is the absence of an obvious need for a decentralized system and tokens, as well as the low profitability of the credit business. More details in our report.
Token
MicroMoney

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Rating scores express an opinion of Digital Rating Agency and do not have any fact-finding mission or recommendations to buy, own, sell any assets and take any investment decisions. Digital Rating Agency does not undertake any responsibility for any consequences, interpretations, judgements, recommendations and other actions directly or indirectly related to the rating score, the rating operations conducted by Digital Rating Agency, any summary and conclusions contained in the rating report and rating releases, or the absence of abovementioned. The only source, depicting the real state of the rating score, is official site www.digrate.com