I'm glad this was brought up! Two types of data will be centralized:
1.   Fast and mission-critical structured data, especially data that requires guarantee that two or more updates either succeed or fail as an atomic unit;
2.   Dynamic unstructured data such as personalization, user profile management, big data, interacting with internet of things (IoT), etc.

The automated administration and legal obligations of each borrower contract, together with all associated documentations for that contract will be decentralized. Thus, each borrowing contract will be transparent, open-source, and most importantly, due to our unique method of coding (see this blog post), the smart contract becomes a binding agreement between the participants - unambiguous, immutable, and no arbitration required.

Big players can actually join right from the start. We are in talks with agencies and leveraging Robocoder’s existing relationships in the funding world, to lead the road towards credit democratization, offering the world an innovative alternative to credit access.

Correct. The insurance pool is simply only one of our credit enhancers. With our over-collateralization, cross-collateralization, third-party guarantors, and FintruX 5% Reserve, risk for lenders is drastically reduced and thus the interest rates for borrowers are much lower.

As a result, we are making unsecured loans highly secure.

Definitely not. In actuality, tokenization for us increases the security of the loan in the form of credit enhancers.

An example is collateralization pools. FintruX Network collects 10% of each loan as over collateralization and injects that into the respective cross-collateralization pools. Each pool is designated by the same credit decision package and in the same currency. 

In addition, 5% FTX Token has been reserved to cover credit/default losses as a last resort.

Since it takes time to repay the loan and it is stored in FTX Token, these pools can go up in value when properly invested and managed making this a safe insurance to cover the credit/default risk for the benefits of lenders. Activities and status on each pool will be transparent to respective lenders. Regardless, it will take more than one bad loan out of ten to deplete this insurance pool. There is also a buffering effect as more and more new loans contributing to their respective pools.

You can read all about the power of FTX in this blog post.

That is correct!


Our token would not have this problem at all. There is nothing to "square up", as the borrowers repay their loan in the same currency (fiat or not) that they originally borrowed in.

With exception of the currency being financed, inside the FintruX Network, everything is tokenized. Lenders convert the over-collateralization portion of their funding into FTX Token to be stored in the over/cross collateralization pool.  

Agencies, guarantors, and FintruX Network are all being paid in FTX Token.  Rewards and late charges to borrowers are paid in FTX Token as well.

This creates a token economy for the limited supply of FTX Token.

Robocoder Corporation is an active partner of Microsoft in developing ISV solutions. Their partnership states that all solutions that they develop, which includes FintruX Network, have the same backing from Microsoft. I hope this clears this up!

Also, the founder and CEO of FintruX is also the founder of Robocoder. Nelson founded Robocoder Corporation in 1999, and has successfully delivered many mission-critical financing solutions for the last 18 years with his development team. Now they will be partners with us on FintruX.

Exactly. The spread of FTX will be far and wide, and FTX demand is directly proportional to the number of loans facilitated by FintruX Network as our tokens serve several key functions in our ecosystem; namely credit enhancement reserve, transaction execution reward, rewards for good behavior, punishment for bad behavior, reward for providing information, platform access, and API license.


Yes, so let's say a borrower is very busy, and just wants everything to be easy. He chooses to be represented by an intermediary/broker, and they register for a loan on his behalf. The key point here is that FintruX Network is a multi-sided marketplace and ecosystem - we are facilitating all sorts of agencies to take part and build our highway together.

For the crowdsale, we are only accepting ETH. Please see the image below for exact details regarding our sale!

FintruX Network is a multi-sided platform and ecosystem that delivers value not just to borrowers and lenders, but also to guarantors and agencies. The lender will deposit funds and choose a credit decision package provided by one of the rated agencies; which include recommended fraud, identity and credit scoring agencies. Borrowers filter criteria based on available funding parameters and are instantly matched to appropriate lenders. Borrowers can be represented by affiliate marketing agency partners. After due diligence, funding is provided and subsequently lenders receive the invested principal and interest upon payments made by the borrowers.

Each activity on the platform has an associated cost specified in FTX, thus the users of the token will be borrowers, lenders, third-party guarantors, and various rated agencies (decision, fraud, identity, credit scoring, etc).

Robocoder Corporation will be our partners for our app development (www.robocoder.com). They are licensed microsoft partners in developing mission-critical ISV-Web Application-Browser-based solutions, ISV-On Premises Application-Packaged solutions, and ISV-Decentralized blockchain solutions as demonstrated in my previous post, and therefore, the software they are building for us on FintruX will have the same backing.

Robocoder Corporation is a reputable software design & development company known for open source low-code app development based in Greater Vancouver, BC. They have been developing mission-critical solutions for the last 18 years. Their roots are in financial software. Their securitization software is currently managing billions of dollars of assets for reputable financial institutions. Robocoder offers innovative products and services that save time.


Can you please rephrase your question? I am not too sure what you mean.

Also, after further reading into their offering, we identified a problem with their structure. If ELIX token appreciates in value, borrowers can never pay it back. Please see the direct quote taken from their website:

“After you borrow your ELIX, you can sell them on exchanges for USD, withdraw that USD, and use the money for whatever you need. When you have the money to pay your friend back, you can buy ELIX and square up.”

This will drive away borrowers UNLESS they are committing to never letting their token appreciate.

Our software development team Robocoder Corporation is a licensed Microsoft partner in developing mission-critical ISV-Web Application-Browser-based solutions, ISV-On Premises Application-Packaged solutions, and ISV-Decentralized blockchain solutions. Therefore, the software they are building for us on FintruX will have the same backing.

https://www.microsoft.com/en-US/solution-providers/partnerdetails/robocoder-corporation_cc4b1a7f-4748-46a5-ac63-792df5a6acdf/2d0f38ac-6563-4ec2-ba19-6f173b2def15



Thank you for your support! That is our goal. To make getting an unsecured loan to be easy, fast, and affordable.

Those are great questions, thank you for asking! Please allow me to answer your question in two stages.

We have an edge over the competition because no one else is making unsecured loans secure. Cost reduction is one of the most important motivations in securitization. It is often done via credit enhancement. We can apply the same principals to reduce the interest rate required by unsecured loans, making it attractive to both borrowers and lenders. Our team combined >50 years of experience in the securitization sector enables us to leverage our skills and expertise to effectively apply these concepts to FintruX.

Our goal at FintruX Network is to disrupt the way unsecured loans are being originated and administered. An unsecured loan is a loan that is not protected or secured by any asset. In this case the lender is taking a lot more risk and would likely charge a higher interest rate. The riskier the loan, the more expensive it will be. We are going to change that.

There are options to obtain an unsecured loan for your business. Local banks, private lenders, and marketplace lenders such as peer-to-peer and direct platform lenders. However, there are rooms for improvement in the areas of transparency, risk & rate reduction, and ease & speed of funding. FintruX Network can deliver an experience to address all of these at the same time.
At FintruX Network we facilitate marketplace lending in a true peer-to-peer network. Through credit enhancement, we improve credit worthiness. The lender is reassured that the borrower will honor the obligation via additional collateral, insurance, and a third-party guarantor. Credit enhancement reduces credit/default risk of a debt, thereby increasing the overall credit rating and lowering interest rates simultaneously.

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Our competitors are platform lenders that lend to small businesses which can be divided into two main categories:
1. Traditional P2P and Direct Lenders - Lending within the same country with the country’s currency (eg. Funding Circle, OnDeck and Kabbage)
Overall, all three of these companies seek to address one major structural flaw in the current small business credit environment: banks and other traditional capital sources are not lending to SMB's. That is why more and more business owners are turning to alternative finance to grow their companies.

2. Crypto currency using smart contract - Lending using blockchain smart contract as an intermediary (eg. ETHLend, Lendoit, SALT)
Using tokens as a collateral, ETHLend is a fully decentralized peer to peer lending platform using smart contracts on the Ethereum blockchain for lending Ether. ETHLend does not generate score and does not have any compensation funds to protect lenders.

Lendoit is similar to ETHLend but it adds borrower scoring, reputation, collector and 2% from the crowdsale as compensation fund to protect lenders.

SALT lends in fiat currencies. It is a centralized loans platform for loans amount higher than US$5,000. It uses the smart contract only for depositing crypto currency as collateral. Their target market is borrowers with crypto currencies who don’t want to liquidate into fiat. Only Accredited Investors and qualified financial institutions can become lenders on SALT.

Where we differentiate is the following:
FintruX Network is a fully decentralized peer to peer platform generating and deploying one unique smart contract on the Ethereum blockchain for each individual lending. For unsecured loans, it uses credit enhancing tools such as over-collateralization, guarantors, cross-collateralization, and 5% of all FTX tokens to neutralize risk for lenders.

Our target borrowers are small businesses, especially startups, who wish to take advantage of lower rates offered by our platform because we make unsecured loans highly secure. Specialized agents on fraud, identity, credit scoring and decisions are partners in this ecosystem. Only accredited investors and financial institutions can become lenders on phase I of FintruX Network.

There are hundreds of marketplace lending platforms out there, we differ in that we enable borrowers to borrow at a significantly lower rate at ease and lenders lend with confidence in no time at all.

I hope this answers your questions, and if not, feel free to ask more! If you are interested, and want additional reading, please feel free to read our whitepaper by clicking the link below.

Hi everybody, week 10 bounty spreadsheet has been updated. Thank you for all the ongoing support!
As usual, if you do not find your contribution listed correctly, please ensure that you have updated your contribution on the the Bitcointalk bounty thread (https://bitcointalk.org/index.php?topic=2101606.60) and send me a PM on gitter to verify and update.

PLEASE make sure you are registered on the bounty forms, as that will ultimately dictate eligibility for bounty rewards. Also, for facebook bounties, please specify what type of facebook post it is (if it's a repost from FintruX [shares] or your own post)

FintruX Network was incorporated in Singapore in 2017.  The company name is FintruX pte ltd.

Hi everybody, week 9 bounty spreadsheet has been updated. Thank you for all the support!
As usual, if you do not find your contribution listed correctly, please ensure that you have updated your contribution on the the Bitcointalk bounty thread (https://bitcointalk.org/index.php?topic=2101606.60) and send me a PM on gitter to verify and update.

SALT lends in fiat currencies. It is a centralized loans platform for loans amount higher than US$5,000. It uses the smart contract only for depositing crypto currency as collateral. Their target market is borrowers with crypto currencies who don’t want to liquidate into fiat. Only Accredited Investors and qualified financial institutions can become lenders on SALT.

FintruX Network is a fully decentralized peer to peer platform generating and deploying one unique smart contract on the Ethereum blockchain for each individual lending. For unsecured loans, it uses credit enhancing tools such as over-collateralization, guarantors, cross-collateralization, and 5% of all FTX tokens to neutralize risk for lenders.

Our target borrowers are small businesses, especially startups, who wish to take advantage of lower rates offered by our platform because we make unsecured loans highly secure. Specialized agents on fraud, identity, credit scoring and decisions are partners in this ecosystem. Only accredited investors and financial institutions can become lenders on phase I of FintruX Network.

There are hundreds of marketplace lending platforms out there, we differ in that we enable borrowers to borrow at a significantly lower rate at ease and lenders lend with confidence in no time at all.

The team has pre-determined a minimum goal of 7,000 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.

Hope this answers your questions!

Thanks for your support!

Just for joining the telegram channel, you have already earned FREE FTX Token (:
Please see bounty details at https://bitcointalk.org/index.php?topic=2101606.0