FintruX | The global p2p lending ecosystem making unsecured loans highly secure. 11 850 781 $ COLLECTED FOR PRE-ICO!!!
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FintruX is the world’s first blockbuster, based on the online market and an automated administration platform for financing, linking borrowers and investors, allowing them to customize and automatically build each contract with a borrower in real time.
Traditional automation is a single system for all loans / mortgages / leases (“Financing”), this distributed P2P financing platform is one “Smart Contract” for each Financing that is generated and deployed in real time in blockchain technology for help configurable interface.
FintruX creates a market and an automated administrative platform for lending / mortgages / leases (“Financing”). Our goal is to break the way of funding and administering funding. This document gives an overview of our approach.
Traditionally, the system belongs to investors, and conditions are determined by investors. The data is centralized, changing, and the downtime is sometimes inevitable. FintruX data is reliably decentralized, unchanged, and the failure time is almost guaranteed. Borrowers offer standard terms that are selected from the list, and investors make offers in confidence. Our platform is available to the public with full disclosure. Its aim is not only to combine borrowers and investors to execute transactions (the “Contract”), but also to create a Borrower Contract with full transparency, so that the parties can conduct a confidential agreement with fully automated administration.
Link to site: https://www.fintrux.com
Borrowers receive funding within a few hours Payments in minutes Activity reports in seconds
Problems
Most sources of funding are made by third parties, such as brokers and other intermediaries. It increases the cost, time and complexity of the process. In addition, the administrative process is usually labor-intensive. Most of the financing agreements are difficult to understand, and special instructions such as trade, repurchase, refinancing, prepayment, processing at the end of time, etc., are mainly executed manually in spreadsheets.
Most systems used by investors who are not fully automated, records are changing, censored and obeyed the patriotic act of the country of domicile.
The financing industry has not yet adopted or adopted new technologies to meet the demand for new products and growing concern about data confidentiality, increased competition and consumer behavior change in this direction.
Financing processes that manage risks, bonuses, and claims are typically related to significant data exchanges between multiple parties. At present, different parties will store their own copies of data and process them separately.
This makes it difficult to synchronize and collaborate through the overall process.Internet finance portals, trying to circumvent intermediaries, could not solve the above problems.
Benefits for borrowers
- Access to affordable credit.
- Excellent borrowing experience.
- Transparency and justice.
- Reduced transaction fee.
- Quick and effective funding.
- Attractive contract.
- Self-service.
Benefits for lenders
- Access to classes of innovative assets created by borrowers.
- A wonderful loan.
- Attractive returns.
- No prepayment for the investor.
- Service cost for the investor.
- More satisfied customers.
Target audience
The FintruX market is for financial sector participants, and will be of major benefit to our users the ability to search and match different needs as a borrower or investor.
- Borrower of Small Business (SME). Get a loan or lease to finance your organization’s needs.
- Personal borrower Get a loan or lease to finance your personal needs.
- Personal investor Provide an individual or SME to take advantage of direct investment.
- Institutional Investor. Providing individual or small and medium-sized businesses based on portfolio interests and risk profiles.
- Brokers provide consulting services and other services.
For the execution of certain tasks, such as transferring applications for funding, the KYC Knowledge Your Client Process will be created.
FTX- The FintruX Token
The FTX current is used to power the FintruX platform and works as a means for rewarding or remunerating for participating in the market. Each action on the platform has a linked cost specified in the FTX. Because actions are performed on a platform, FTX is transmitted from one participant to another. As a result of these actions, the platform will receive a reward.
The following distribution of funds is preliminary and can be subject to change.
Use of funds.
Token Distribution.
- FTX will be issued at the start of our sale. Once completed, no further tokens will be generated.
- 10,000,000 FTX (10% of total supply) will be available to contributors in our private sale prior to public pre-sale based on a purchase & sales agreement.
- The unsold FTX during the private sale will be available for sale in the public sales.
- The team has pre-determined a minimum goal of 5,000 ETH that represents the runway necessary for the core FintruX platform to be finished and released with minimum functionality.
- If the minimum goal is not reached by the end of the crowdsale duration, all contributed Ether will be marked for refund.
- Anyone who contributed, including those who purchased our tokens at presale, will be able to withdraw their Ether from the sale contract.
- Provided that the minimum goal has been reached, any tokens not sold in the crowdsale will be distributed to all contributors.
Our launching price formula is based on the base price plus five tiers diminishing incentive bonuses representing a normal distribution with a standard deviation. The base price of FTX is 1,500 per ETH.The bonus model will follow what has been sold during the presale.Example: If we sell 5,000 ETH (8,250,000 FTX) during the presale, the 1st tier would start at 5,001 ETH and add another 2,000 ETH on top of that. The remaining FTX at tier 5 will become 29,483,000 FTX. Under that scenario, we continue through the tiers until the maximum goal of 75,000,000 FTX has been sold. FintruX Network reserves the right to change the number of tokens in the tiers before the crowdsale begins. We will be distributing FTX 2 weeks after the crowdsale ends. The end of the sale can be triggered by:
- Hitting our hard cap of 75M FTX Sold.
- Reaching the end of the sale period (Feb 28th 17:00 UTC).
Team
Further Information: