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Author Topic: [ANN][ICO] FintruX Network - 💲 THE GLOBAL P2P LENDING ECOSYSTEM ✅ 💲  (Read 19408 times)
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October 29, 2017, 10:18:47 AM
 #21

Hi Guys,

What makes it different from other competitions in the market today? Elixir for one has a good roadmap and user interface in the future
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October 29, 2017, 02:18:16 PM
 #22

Hi Guys,

What makes it different from other competitions in the market today? Elixir for one has a good roadmap and user interface in the future

Good question. Dev please, how can you explain what gives you an edge over the competition. And by the way, who are the competitors and what are you doing differently as your USP?
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October 29, 2017, 03:22:16 PM
 #23

Hi Guys,

What makes it different from other competitions in the market today? Elixir for one has a good roadmap and user interface in the future

Good question. Dev please, how can you explain what gives you an edge over the competition. And by the way, who are the competitors and what are you doing differently as your USP?

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.



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.



▬▬▬▬▬▬▬▬▬▬▬▬ FintruX Network: The Global P2P Lending Ecosystem ▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬ PRESALE (+10%): January 7th - 21st | TOKEN SALE (+5%): Februrary 7th - 28th ▬▬▬▬▬
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October 29, 2017, 03:41:14 PM
 #24

Partnerships with Microsoft? Where I can see this on Microsoft site? Tierion said same.. and now price below ICO and any partnership.
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October 29, 2017, 03:48:10 PM
 #25

it seems like this will be very interesting to follow, I'm ready to join with bounty, hopefully run very well. I like the professional team
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October 29, 2017, 04:04:44 PM
 #26

There are hundreds of market lending platforms out there, allowing borrowers to borrow at much lower rates and lenders with a sense of self in the shortest time can get people to turn to Fintruk and this is probably one of the ways in which prices will stabilize when ICO and afterwards successfully

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October 29, 2017, 04:07:35 PM
 #27

Partnerships with Microsoft? Where I can see this on Microsoft site? Tierion said same.. and now price below ICO and any partnership.

?? where do you get that from?

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October 29, 2017, 04:13:05 PM
 #28

Partnerships with Microsoft? Where I can see this on Microsoft site? Tierion said same.. and now price below ICO and any partnership.

?? where do you get that from?

Look at first page. Image with: Meet our partners (and Microsoft in the list). I need evidence. Everyone can say similar. Microsoft can accept this?
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October 29, 2017, 07:58:30 PM
Last edit: October 29, 2017, 08:47:23 PM by FintruX
 #29

Partnerships with Microsoft? Where I can see this on Microsoft site? Tierion said same.. and now price below ICO and any partnership.

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


There are hundreds of market lending platforms out there, allowing borrowers to borrow at much lower rates and lenders with a sense of self in the shortest time can get people to turn to FintruX and this is probably one of the ways in which prices will stabilize when ICO and afterwards successfully

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

▬▬▬▬▬▬▬▬▬▬▬▬ FintruX Network: The Global P2P Lending Ecosystem ▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬ PRESALE (+10%): January 7th - 21st | TOKEN SALE (+5%): Februrary 7th - 28th ▬▬▬▬▬
ANN · BOUNTY · WHITEPAPER · BLOG · TELEGRAM · FACEBOOK · TWITTER · REDDIT
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October 29, 2017, 08:51:01 PM
 #30

Hi Guys,

What makes it different from other competitions in the market today? Elixir for one has a good roadmap and user interface in the future

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.

▬▬▬▬▬▬▬▬▬▬▬▬ FintruX Network: The Global P2P Lending Ecosystem ▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬ PRESALE (+10%): January 7th - 21st | TOKEN SALE (+5%): Februrary 7th - 28th ▬▬▬▬▬
ANN · BOUNTY · WHITEPAPER · BLOG · TELEGRAM · FACEBOOK · TWITTER · REDDIT
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October 30, 2017, 04:21:14 AM
 #31

Thank you for explaine, but which ones developers you mean? Also, I see, that only links for 2 CEO to Linkedin avaliable. And for developers - non-avaliable. Can you fix?
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October 30, 2017, 04:37:10 AM
 #32

this is a single with Microsoft's partnership or I'm wrong, I do not quite understand ANN, thank you
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October 30, 2017, 02:25:17 PM
 #33

Thank you for explaine, but which ones developers you mean? Also, I see, that only links for 2 CEO to Linkedin avaliable. And for developers - non-avaliable. Can you fix?

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.

this is a single with Microsoft's partnership or I'm wrong, I do not quite understand ANN, thank you

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

▬▬▬▬▬▬▬▬▬▬▬▬ FintruX Network: The Global P2P Lending Ecosystem ▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬ PRESALE (+10%): January 7th - 21st | TOKEN SALE (+5%): Februrary 7th - 28th ▬▬▬▬▬
ANN · BOUNTY · WHITEPAPER · BLOG · TELEGRAM · FACEBOOK · TWITTER · REDDIT
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October 30, 2017, 03:57:47 PM
 #34

Partnerships with Microsoft? Where I can see this on Microsoft site? Tierion said same.. and now price below ICO and any partnership.

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


There are hundreds of market lending platforms out there, allowing borrowers to borrow at much lower rates and lenders with a sense of self in the shortest time can get people to turn to FintruX and this is probably one of the ways in which prices will stabilize when ICO and afterwards successfully

Thank you for your support! That is our goal. To make getting an unsecured loan to be easy, fast, and affordable.
Thanks for posting proof. It's indeed important to show proofs (and back claims) moreover in the cryptoworld.

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October 30, 2017, 04:20:57 PM
 #35

Who will the token be targeted to? I mean, who will be the users of the token?

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                  ❘❙❚ WORLDWIDE VIRTUAL MOBILE OPERATOR ❚❙❘                              ANN in: ( eng ) ( rus )    
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October 30, 2017, 04:22:41 PM
 #36

Partnerships with Microsoft? Where I can see this on Microsoft site? Tierion said same.. and now price below ICO and any partnership.

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


There are hundreds of market lending platforms out there, allowing borrowers to borrow at much lower rates and lenders with a sense of self in the shortest time can get people to turn to FintruX and this is probably one of the ways in which prices will stabilize when ICO and afterwards successfully

Thank you for your support! That is our goal. To make getting an unsecured loan to be easy, fast, and affordable.
Thanks for posting proof. It's indeed important to show proofs (and back claims) moreover in the cryptoworld.
Moreover? It's always important.

Regarding the actual topic, how will you guys accept investments? Only ETH or also other cryptocurrencies?
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October 30, 2017, 04:27:32 PM
 #37

smelihat from the announcement of the project that I read makes me interested to follow the gift of the project and I also see the progress of the project to follow ico when it is done
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October 30, 2017, 04:27:42 PM
 #38

Who will the token be targeted to? I mean, who will be the users of the token?

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).

▬▬▬▬▬▬▬▬▬▬▬▬ FintruX Network: The Global P2P Lending Ecosystem ▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬ PRESALE (+10%): January 7th - 21st | TOKEN SALE (+5%): Februrary 7th - 28th ▬▬▬▬▬
ANN · BOUNTY · WHITEPAPER · BLOG · TELEGRAM · FACEBOOK · TWITTER · REDDIT
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October 30, 2017, 04:37:53 PM
 #39

Who will the token be targeted to? I mean, who will be the users of the token?

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).

So basically anyone who has any relationship with the financial or credit sector, even remotely.

   ──── M O B E EWE REINVENTS THE COMMUNICATION ────               ────  Telegram  ────    
                  ❘❙❚ WORLDWIDE VIRTUAL MOBILE OPERATOR ❚❙❘                              ANN in: ( eng ) ( rus )    
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October 30, 2017, 04:39:17 PM
 #40

Borrowers can be represented by affiliate marketing agency partners.
Do you mean the token can be used by intermediaries/brokers as well?
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