FINTRUX - Global P2P Based Lending Ecosystem
What Is FintruX?
FintruX or known as FintruX Network is one of the world's first blockchain-based online marketplace and has an automated administration platform that connects borrowers, borrowers and special service agents that allows them to configure and create any real-time borrower contracts. Because every smart contract is fully customized and simplified to make it easier to understand and without ambiguity. And no longer "if .. then..other" and unnecessary code. Thus smaller programs also lead to lower gas costs. The FintruX Network is also a necessary ecosystem for unsecured lenders and puts more freedom in the hands of the people.
And at FintruX it will also facilitate market lending in the correct peer-to-perr or P2P networks, through credit enhancement, this project enhances creditworthiness. Where the lender is assured that the borrower will honor the obligation through additional collateral, insurance and third party guarantees. This credit increase reduces the credit / default risk of a debt, thereby increasing the overall credit rating and lowering the interest rate simultaneously.
Here are four enhancements to credit enhancements providing an unprecedented risk reduction to unsecured loans:
1. Over-collateralization that acts as an additional security and if it fails to cover all losses incurred from the same borrower.
2. Third party guarantors handle the overflow losses of the loan and if still failing
3. Cross-collateralization pool provides coverage insurance and if it still fails
4. 5% of all FTX tokens have been provided to cover losses incurred by the insurer
MISSION FINTRUX
FintruX has a mission for its participants. The vision of this project is to make financing without trust and without assistance to borrowers and investors. And facilitate ecosystems where financing liquidity is maximized and all participants win here.
And to further enhance the project's offering, this project will make available to partners such as fraud and identity service agents, credit ratings and decision agencies, wallets, burs, banks, asset managers, insurance companies and technology companies, to offer investment and lending products new as well as developing new tools for use on this project platform. These ecosystem partners can transact directly with this project or utilize the automated administration tools of the project to build a financing portfolio to fit their client's investment needs. The project believes that the opportunities provided by these ecosystem partners will help expand the Pull and availability of our network.
And to further enhance the project's offering, this project will make available to partners such as fraud and identity service agents, credit ratings and decision agencies, wallets, burs, banks, asset managers, insurance companies and technology companies, to offer investment and lending products new as well as developing new tools for use on this project platform. These ecosystem partners can transact directly with this project or utilize the automated administration tools of the project to build a financing portfolio to fit their client's investment needs. The project believes that the opportunities provided by these ecosystem partners will help expand the Pull and availability of our network.
FINUX EXCELLENCE Compared To Others
• Open Ekositem
On the advantages of these FintruX network partners with identity agencies such as identity, KYL / AML, credit ratings, credit and payment models to lender in various options to prosecute their loans. And all these agencies play a role in the instant matching of creditors and borrowers of this project.
• Assessment of Decentralized Reputation The
project also provides a decentralized review platform for all participants built under the smartest Ethereum contract.
• Token as transaction fee
There are still many service agents that still charge for upfront fees, annual maintenance fees and hourly adjustment charges. And this FintruX network will convince them to charge the creditor to this project based on the transaction. in this FTX token simplifies the onboarding experience by releasing a barrier to the entry.
• Decentralized Ethereal Blockchain Technology The Ethereal
Blockchain provides the highest availability. These are all decentralized and the results provide enormous security for identification and privacy.
• Many systems as platform architecture
These smart contracts provide transparency to borrowers and creditors.
By leveraging existing technology and relationships in the world of funding, the project leads the way to democratic credit, offering an innovative alternative to credit access. And FintruX Network's market and automated administration platform are P2P enhanced credit to the global financing portal in blockchain.
On the advantages of these FintruX network partners with identity agencies such as identity, KYL / AML, credit ratings, credit and payment models to lender in various options to prosecute their loans. And all these agencies play a role in the instant matching of creditors and borrowers of this project.
• Assessment of Decentralized Reputation The
project also provides a decentralized review platform for all participants built under the smartest Ethereum contract.
• Token as transaction fee
There are still many service agents that still charge for upfront fees, annual maintenance fees and hourly adjustment charges. And this FintruX network will convince them to charge the creditor to this project based on the transaction. in this FTX token simplifies the onboarding experience by releasing a barrier to the entry.
• Decentralized Ethereal Blockchain Technology The Ethereal
Blockchain provides the highest availability. These are all decentralized and the results provide enormous security for identification and privacy.
• Many systems as platform architecture
These smart contracts provide transparency to borrowers and creditors.
By leveraging existing technology and relationships in the world of funding, the project leads the way to democratic credit, offering an innovative alternative to credit access. And FintruX Network's market and automated administration platform are P2P enhanced credit to the global financing portal in blockchain.
BENEFITS
This project has benefits for the borrower and for the lender:
Benefits For Borrowers:
- Access to affordable credit
- Excellent borrowing experience
- Branding Opportunity
- Transparency and Justice
- Reduced transaction costs
- Fast and Efficient Suoer Funding
- And Supermarkets.
- Excellent borrowing experience
- Branding Opportunity
- Transparency and Justice
- Reduced transaction costs
- Fast and Efficient Suoer Funding
- And Supermarkets.
Benefits For Lenders:
- Access to Risk-Reduced Investing
- Superior lending experience
- Branding opportunities
- Access to networking expertise
- No upfront costs for lending
- Superior lending experience
- Branding opportunities
- Access to networking expertise
- No upfront costs for lending
SALES
The FTX will be issued at the start of the sale of this project. And once completed, no further tokens will be generated. There are 10,000,000 FTX (10% of total supply) will be available to private sales contributor before committing to the public. And if this FTX does not achieve its minimum objective at the end of the sales duration then all participating Ether will be marked for refunds. And the launch formula is based on the base price plus five levels thereby reducing the incentive bonus representing the normal distribution by the standard deviation. The base price of this FTX is 1,500 per ETH. And the bonus model will follow what has been sold during the sale.
Details Of Token Sales
- Token Sales Schedule - 7th February - 28th February 2018
- Purchase Token - Ethereum
- Price Token - 1500 FTX / 1 ETH
- Bonus - 5%, 2.5%, 1.2%, 0.6%, 0%
- Total Supply of 100,000,000 Token FTX
FINTRUX Team
Members
- Nelson Lin - Founder & CEO
- Conrad Lin - Co-Founder & CMO
- Gary Ng - CTO
- Aaron Xu - Front End Developer
- Douglas Thiessen - Blockchain Developer
- Philemon Selvaraj - Data Analyst
- Brinden Anandakumar - Singapore Legal Consuel
- Alixe Cormick - Canadian Legal Consuel
Advisors
- Elie Galam - Advisor
- Hussein Hallak - Strategic Advisor
- Abhijith Naraparaju - Blockchain Advisor
- And Poh - Compliance Advisor
Media
Patner
For More Information On Fintrux, Visit:
- Website - https://www.fintrux.com/
- Whitepaper - https://www.fintrux.com/home/doc/whitepaper.pdf
- Facebook - https://web.facebook.com/FintruX/?_rdc=1&_rdr
- Twitter - https://twitter.com/fintrux
- Telegram - https://t.me/FintruX
- Eth addres:0x8FD53C5AE653BC86ff0d53b41171ff01372eEf5E
- https://bitcointalk.org/index.php?action=profile;u=1836472;sa=summary
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