[ANN][ICO] FintruX Network - 💲 THE GLOBAL P2P LENDING ECOSYSTEM ✅ 💲

[poordeveloper]

The atomic unit management is really better centralized. There's no way to decentralize it properly and centralization is needed in that case.

Yes, and smart contracts for actual contract / agreements tracking.

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.

Will borrowing contracts be open source?

[1715167249]

1715167249

[FintruX]

The atomic unit management is really better centralized. There's no way to decentralize it properly and centralization is needed in that case.

Yes, and smart contracts for actual contract / agreements tracking.

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.

Will borrowing contracts be open source?

100%. We are making the contracts simple enough that anybody can read the code, and instantly understand exactly the nature of the loan, the self-service options (prepayment, refinance, etc.), amount owed, etc. The participants can even choose to release the code out for a third party auditor to check that it is all above board. We are promoting a trustless financing marketplace.

[coindoctor]

i read your blog post at https://medium.com/breathe-publication/how-we-make-smart-contracts-smarter-e0ea9176f4cd and if i understood properly from the following sentence :

By utilizing our low-code and no-code development platform, we generate one unique program (“Smart Contract”) for each customer contract to be deployed at real-time on the blockchain via a configurable interface. By generating a new contract for each individual use case, each program is in its simplest form — no more if-then-else statements, everything can be specific and hard-coded.

is it reasonable to read it as a contract will be actually deployed for each customer ? i mean, actually in the ethereum blockchain ,  a new contract ?

[FintruX]

i read your blog post at https://medium.com/breathe-publication/how-we-make-smart-contracts-smarter-e0ea9176f4cd and if i understood properly from the following sentence :

By utilizing our low-code and no-code development platform, we generate one unique program (“Smart Contract”) for each customer contract to be deployed at real-time on the blockchain via a configurable interface. By generating a new contract for each individual use case, each program is in its simplest form — no more if-then-else statements, everything can be specific and hard-coded.

is it reasonable to read it as a contract will be actually deployed for each customer ? i mean, actually in the ethereum blockchain ,  a new contract ?

Thank you for your great question! This is one of the major points that we vary greatly from the competition - Traditional automation is one system for all varieties of transactions – lots of “if-then-else” statements, very complicated. We are shifting the programming paradigm with FintruX Network. We generate one unique program (“Smart Contract”) for each borrower contract to be deployed at real-time on the blockchain via a configurable interface. By generating a new contract for each individual use case, each program is in its simplest form, no more if-then-else statements.

This means that all the code is specifically catered for one fully customized event. Smaller programs lead to lower gas fees and faster transactions.

This is only possible with our generation platform Rintagi - by specializing in this vertical space, we utilize it to generate simple and efficient smart contracts simply through point&click, drag&drop.

[Retired]

I must say it does make sense. That way users will only pay for the gas actually needed for their part of the smart contract, not for the whole network contract.

Is generating a new smart contract expensive?

[i-synthestech]

 :DMAKING UNSECURE LOANS HIGHLY SECURE  - a really nice credo
but what about airdrop and bounty details?

[Leo84]

What's the total supply and ICO price?

[Retired]

:DMAKING UNSECURE LOANS HIGHLY SECURE  - a really nice credo
but what about airdrop and bounty details?

I don't think there's an airdrop?

[ICOs]

:DMAKING UNSECURE LOANS HIGHLY SECURE  - a really nice credo
but what about airdrop and bounty details?

I don't think there's an airdrop?

No, I don't think so.

[coindoctor]

:DMAKING UNSECURE LOANS HIGHLY SECURE  - a really nice credo
but what about airdrop and bounty details?

I don't think there's an airdrop?

No, I don't think so.

There's a bounty though .
People can earn through bounty program .

[poordeveloper]

:DMAKING UNSECURE LOANS HIGHLY SECURE  - a really nice credo
but what about airdrop and bounty details?

I don't think there's an airdrop?

No, I don't think so.

There's a bounty though .
People can earn through bounty program .

Just so you know, they linked the bounty program before.

[Retired]

:DMAKING UNSECURE LOANS HIGHLY SECURE  - a really nice credo
but what about airdrop and bounty details?

I don't think there's an airdrop?

No, I don't think so.

There's a bounty though .
People can earn through bounty program .

Just so you know, they linked the bounty program before.

https://bitcointalk.org/index.php?topic=2101606.0

[icoduck]

we added you to our list at icoduck.
Good luck

[FintruX]

I must say it does make sense. That way users will only pay for the gas actually needed for their part of the smart contract, not for the whole network contract.

Is generating a new smart contract expensive?

Generating each new smart contract is not expensive at all, simply because the smart contract will be very small as it is customized for their needs. On top of that, FintruX Network will be paying all the gas fees involved, up to a minimum.

:DMAKING UNSECURE LOANS HIGHLY SECURE  - a really nice credo
but what about airdrop and bounty details?

I don't think there's an airdrop?

No, I don't think so.

We are in the talks to partner with other successful ICOs to have an airdrop for our lovely supporters! Will announce when everything is set up and ready.

[skybot13x]

In which way is Microsoft backing this project or how are they involved?

[FintruX]

In which way is Microsoft backing this project or how are they involved?

Thanks for your question! As answered previously,

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

[ICOs]

A loan/credit ICO backed by Microsoft is definitely a great idea.

[poordeveloper]

A loan/credit ICO backed by Microsoft is definitely a great idea.

It's a huge market indeed. They have the possibility of really making a great move towards the future.

[icotokens]

A loan/credit ICO backed by Microsoft is definitely a great idea.

It's a huge market indeed. They have the possibility of really making a great move towards the future.

And not just in their industry. Their potential for any financial application would be incredible. Creating contracts which could be used as being or insurance, guarantees... is just the beginning.

[poordeveloper]

Would you also earn from API transactions?