MicroMoney (AMM)

MicroMoney (AMM) is an all-in-one wallet that enables users to buy and hold various coins, tokens, and even FIAT currency. MicroMoney allows users to top-up their mobile phone, pay utility bills, and access other financial services. The platform operates as a protocol for non-collateralized, on-chain loans designed for unbanked Polkadot network individuals. MicroMoney aims to provide loans to the unbanked population in 100 out of 196 countries, which comprises approximately 2 billion people. By connecting new customers to existing financial services, MicroMoney strives to address the funding needs of unbanked individuals globally.

The AMM token introduces a new approach to on-chain lending. AMM holders can vote on incoming borrowing and uncollateralized loan requests. This allows users to generate stable and high returns in decentralized finance (DeFi). Approved borrowers can access fast, fixed-term, and fixed-rate loans without collateral requirements. The AMM token combines the strengths of both Binance and Polkadot networks to create a unique lending platform.

MicroMoney utilizes complex algorithms to predict every customer’s creditworthiness. Borrowers can receive their first loan within 15 minutes through the user’s smartphone. The platform’s Unsecured Loans feature is a pioneering concept in decentralized finance, requiring borrowers to maintain collateral equivalent to the loan value minus the total interest paid from previous loans. MicroMoney emphasizes transparency and risk assessment in its lending process to ensure the security and stability of its platform.