/biz/ - Business & Finance

Here is what I found about Micromoney (https://coinmarketcap.com/currencies/micromoney/))
Website: micromoney.io
PROS
A very small market cap and I could see it do a x50 in 2018. (10m marketcap)
It's a platform for micro-lending in third world countries and the token will be used to lend micro amounts to people that don't have access to a bank account (estimated to be 2 billion people) but have a cellphone (apparently a large percentage of the population in third world countries have one)
They have a really professional website micromoney.io (translated in 11 languages)
The team is full of people with years of experience and influential advisors - https://www.micromoney.io/#team
The whitepaper seems really professional
They have an app in the Google Play Store for Android users. I looked at it and people are already getting loans, but they still need a bank account number because the token is not yet implemented in the app and that's why the coin is so cheap right now. (https://play.google.com/store/apps/details?id=mm.com.money))
I can really see a use case for this type of micro-lending. They will also sell the data they get from the micro-lending which could give a lot of info to countries and businesses on commerce and the needs of the population in poor countries.
If you buy now, you buy below the ICO price (1 usd = 1 AMM) or near this price so unless people take a huge loss, it probably won't tank that much.
A professional video explaining Micromoney: https://www.youtube.com/watch?v=0Y5IFRZlzvA
CONS:
There is absolutely no social media presence on reddit, except on telegram with 5800 people.
The twitter account has 170k followers and the facebook page has 500k followers, but I suspect a lot of it are bots. I'm not sure though.
There is no wallet yet (They said it will be ready in 4-5 months in the telegram group). It's a ERC20 token though so you can use Myetherwallet.com to store them.
The bitcointalk discussion is locked so people can't reply in the discussion.