The First Microcredit Cryptocurrency

23 Nov 2022

What is MicroCreditToken?

MicroCreditToken ($1MCT) is a decentralized platform that brings together social investors and financially challenged individuals with the purpose of alleviating poverty in accordance with the 2030 United Nations Sustainable Development Goals. 1MCT is inspired by the proven success of the Grameen Microfinance Model as the most effective financial instrument for poverty alleviation.

MicroCreditToken ($1MCT) platform introduces a new concept of microfinance that focuses on easing the challenge of financial inclusion as an international currency. 1MCT Platform aims to incorporate Blockchain technology within the microfinance operation which is based on pure social cause and social investors will choose to contribute for a social cause.

1MCT will provide the global microfinance system and social entrepreneurship a new impulse while creating a world without poverty and spreading the practices of Happytalism all over the world.

What is the purpose of MicroCreditToken?

The main purpose of the 1MCT project is to come up with a viable solution for alleviating global poverty. IMCT project Platform which brings together social investors and financially challenged individuals with the aim of alleviating poverty benefit social investors in an unbiased and low-cost approach.

1MCT Platform aims to leverage on the core values of the Blockchain technology such as decentralization, transparency trust in order to better facilitate and simplify the access to microcredit by financially challenged unbanked individuals.

Why is the project important?

1MCT will unite social investors and financially challenged individuals in a transparent and unbiased manner based solely a social cause with the purpose of alleviating global poverty. It will contribute to eradicating poverty in all its forms all of the world in accordance with the 2030 United Nations Sustainable Development Goals.

1MCT presents a new concept of Microfinance that focuses on easing the challenge of financial inclusion as an international currency. The MCT B2B Microfinance Platform aims to alleviate global poverty by utilizing a blockchain based microf inar system for Microfinance operations with social investors choosing to contribute to a social cause aimed at lowering financial inclusion challenges and providing access to financial services to unbanked people.

Long-term goal of the MCT B2B Microfinance Platform is to provide appropriate blockchain microfinance services to financially challenged people all around the world.

How will MicroCreditToken B2B work?

1MCT is inspired by the proven success of the Grameen Microfinance Model as the most effective financial instrument for poverty alleviation. 1MCT project will utilize the Grameen Model and unite social investors and financially challenged individuals on its global platform.

Financially challenged individuals will be selected based on many indicators associated with entrepreneurial potential, validation of certain data inputs such as financials, credentials and referrals in order to ensure the overall success of the 1MCT project.

Social investors will be able to select and finance microcredit requests from all over the world after the validation of candidates is complete. Token compensation for the fund queries will be provided by the microcredit party. Both sides will get certain benefits by contributing in this process for building a more decentralized community and putting the underutilized savings into use.

MicroCreditToken B2B Microfinance Platform are as below;