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Author Topic: [ANN][ICO] FintruX Network - 💲 THE GLOBAL P2P LENDING ECOSYSTEM ✅ 💲  (Read 19003 times)
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October 30, 2017, 04:45:26 PM
Last edit: November 13, 2017, 09:55:14 PM by FintruX
 #41

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?

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




▬▬▬▬▬▬▬▬▬▬▬▬ FintruX Network: The Global P2P Lending Ecosystem ▬▬▬▬▬▬▬▬▬▬▬▬
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October 30, 2017, 04:54:18 PM
 #42

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.

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.

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

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.

▬▬▬▬▬▬▬▬▬▬▬▬ FintruX Network: The Global P2P Lending Ecosystem ▬▬▬▬▬▬▬▬▬▬▬▬
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October 30, 2017, 04:55:09 PM
 #43

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.

But in fact, this is not a partnership with Microsoft. You will be working with developers, who worked with Microsoft. Its far from partnership. As i understand correctly.

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October 30, 2017, 05:01:34 PM
Last edit: October 30, 2017, 05:40:56 PM by FintruX
 #44

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.

But in fact, this is not a partnership with Microsoft. You will be working with developers, who worked with Microsoft. Its far from partnership. As i understand correctly.

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.

▬▬▬▬▬▬▬▬▬▬▬▬ FintruX Network: The Global P2P Lending Ecosystem ▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬ PRESALE (+10%): January 7th - 21st | TOKEN SALE (+5%): Februrary 7th - 28th ▬▬▬▬▬
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October 30, 2017, 06:06:55 PM
 #45

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?

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




Does this mean I cannot send less than 0.1 ETH as investment?
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October 30, 2017, 06:13:05 PM
 #46

And there's 10% bonus for the pre-sale. Waiting the December 7th.

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October 30, 2017, 07:14:26 PM
 #47

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.
Does your token solve this problem?
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October 30, 2017, 07:17:45 PM
 #48

Does this mean I cannot send less than 0.1 ETH as investment?

That is correct!

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.
Does your token solve this problem?

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.

▬▬▬▬▬▬▬▬▬▬▬▬ FintruX Network: The Global P2P Lending Ecosystem ▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬ PRESALE (+10%): January 7th - 21st | TOKEN SALE (+5%): Februrary 7th - 28th ▬▬▬▬▬
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October 30, 2017, 08:12:33 PM
 #49

So the tokenization wouldn't affect the actual currency being financed?
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October 30, 2017, 08:32:17 PM
 #50

So the tokenization wouldn't affect the actual currency being financed?

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.

▬▬▬▬▬▬▬▬▬▬▬▬ FintruX Network: The Global P2P Lending Ecosystem ▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬ PRESALE (+10%): January 7th - 21st | TOKEN SALE (+5%): Februrary 7th - 28th ▬▬▬▬▬
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October 30, 2017, 10:24:34 PM
 #51

The tokens usage would create insurance pools? If it would cover over a loan out of ten it would take a very irresponsible lender to actually deplete it.

The industry is currently booming and is expected to continue getting more market share. There are so many people promoting loans and the earnings for lenders and benefits for borrowers are basically limitless.

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October 30, 2017, 10:25:38 PM
 #52

Would it be possible to use the system to create collaterals for other industries, like sort of warranties?

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October 30, 2017, 10:47:37 PM
 #53

Would it be possible to use the system to create collaterals for other industries, like sort of warranties?
A loan is a warranty of sorts...
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October 30, 2017, 10:54:50 PM
 #54

The tokens usage would create insurance pools? If it would cover over a loan out of ten it would take a very irresponsible lender to actually deplete it.

The industry is currently booming and is expected to continue getting more market share. There are so many people promoting loans and the earnings for lenders and benefits for borrowers are basically limitless.

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.

▬▬▬▬▬▬▬▬▬▬▬▬ FintruX Network: The Global P2P Lending Ecosystem ▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬ PRESALE (+10%): January 7th - 21st | TOKEN SALE (+5%): Februrary 7th - 28th ▬▬▬▬▬
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October 31, 2017, 09:43:28 AM
 #55

The tokens usage would create insurance pools? If it would cover over a loan out of ten it would take a very irresponsible lender to actually deplete it.

The industry is currently booming and is expected to continue getting more market share. There are so many people promoting loans and the earnings for lenders and benefits for borrowers are basically limitless.

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.
Like a worldwide loan risk marketplace? Would in the future the big players be able to step in and add theirs to the platform?

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October 31, 2017, 02:39:08 PM
 #56

The tokens usage would create insurance pools? If it would cover over a loan out of ten it would take a very irresponsible lender to actually deplete it.

The industry is currently booming and is expected to continue getting more market share. There are so many people promoting loans and the earnings for lenders and benefits for borrowers are basically limitless.

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.
Like a worldwide loan risk marketplace? Would in the future the big players be able to step in and add theirs to the platform?

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.

▬▬▬▬▬▬▬▬▬▬▬▬ FintruX Network: The Global P2P Lending Ecosystem ▬▬▬▬▬▬▬▬▬▬▬▬
▬▬▬▬▬ PRESALE (+10%): January 7th - 21st | TOKEN SALE (+5%): Februrary 7th - 28th ▬▬▬▬▬
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October 31, 2017, 02:50:08 PM
 #57

It would open up the market really. Also I guess it would be much more transparent than current solutions.

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October 31, 2017, 02:51:47 PM
 #58

It would open up the market really. Also I guess it would be much more transparent than current solutions.
Depends on which parts is the blockchain used for.

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October 31, 2017, 04:49:22 PM
 #59

It would open up the market really. Also I guess it would be much more transparent than current solutions.
Depends on which parts is the blockchain used for.

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.

▬▬▬▬▬▬▬▬▬▬▬▬ FintruX Network: The Global P2P Lending Ecosystem ▬▬▬▬▬▬▬▬▬▬▬▬
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October 31, 2017, 07:10:06 PM
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The atomic unit management is really better centralized. There's no way to decentralize it properly and centralization is needed in that case.

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