MicroMoney (AMM)

MicroMoney (AMM) cryptocurrency is an open source, decentralized financial ecosystem for lending and borrowing. It was developed by several tech professionals jointly in 2015 and is one of the first cryptocurrencies that focused on disrupting the traditional banking system and introducing blockchain technology-based lending and borrowing service. The AMM coin is a payment currency used by the MicroMoney platform, a crypto wallet and a peer-to-peer lending platform that provides people and businesses alike with a safe and reliable way to interact, communicate and trade with each other. The main aim of the platform is to provide people an alternative to traditional banking, providing direct access to financial services and global markets. One of the key elements that makes MicroMoney unique is its token system. The AMM token is used to facilitate the transfer of payments within the system, and the total supply of AMM coins is limited to 21 million. This ensures that the value of the coins is maintained, as users must have a certain number of AMMs to perform certain transactions on the platform. Another distinguishing feature of the platform is that it uses a ‘Proof of Credibility’ (PoC) algorithm, which is a novel approach to credit scoring, by which a user's credit score is based on their reputation, rather than the bank-based score. This means that those who have a reputation for paying back loans on time will have a much higher credit score, compared to those with a poor payment record. Where can MicroMoney be used? The MicroMoney platform is used for different types of payments including peer-to-peer money transfer and international payments as well as for direct payment for goods and services. It has also been used for trading and investing in cryptocurrencies and other financial assets, thanks to its secure and user-friendly interface. Where to buy/sell it? AMM coins can be bought and sold on popular cryptocurrency exchanges such as Binance, HitBTC and Huobi. It is also possible to purchase AMM coins directly from the MicroMoney platform using other cryptocurrencies such as Bitcoin and Ethereum. In conclusion, MicroMoney has disrupted the traditional banking system by introducing its token-based, decentralized financial ecosystem. It has a secure and user-friendly interface, making it a great alternative to traditional banking and financial services. Its PoC algorithm gives users a more accurate credit score than traditional banks and its token system ensures the value of AMM coins is maintained.