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

[FintruX]

We are hosting a TedX style talk at VanFunding 2017 on Nov 28th to demonstrate how we are changing the landscape of unsecured loans.
Hope to see our supporters there!

[1713477384]

1713477384

[poordeveloper]

Why you have so long pre-sale and crowdsale? (3 weeks + 4 weeks and 2 month delay between them). Good project raising money in a week or so 

Good projects take time. I've seen many failed ICOs lately because they rushed things and didnt manage to reach their targets.
It takes time to build a good project and to attract investors so my opinion is that FintruX made the right decision.

Yes, same thoughts. More time is more possibilities of reaching the best investors.

And to get the media attention.

Is that a bad thing? I think it's only positive for them

[FintruX]

Why you have so long pre-sale and crowdsale? (3 weeks + 4 weeks and 2 month delay between them). Good project raising money in a week or so  

Good projects take time. I've seen many failed ICOs lately because they rushed things and didnt manage to reach their targets.
It takes time to build a good project and to attract investors so my opinion is that FintruX made the right decision.

Yes, same thoughts. More time is more possibilities of reaching the best investors.

And to get the media attention.

Is that a bad thing? I think it's only positive for them

We want to demonstrate to our investors that we are putting their funds from the presale to good use - we are aiming for the draft prototype to be completed for the pre-sale, and for the prototype to be fully deployed by the token sale. Our team is dedicated to transparency and want to prove to the world that we are more than just an idea, and have the expertise to execute our vision.

[Retired]

Why you have so long pre-sale and crowdsale? (3 weeks + 4 weeks and 2 month delay between them). Good project raising money in a week or so 

Good projects take time. I've seen many failed ICOs lately because they rushed things and didnt manage to reach their targets.
It takes time to build a good project and to attract investors so my opinion is that FintruX made the right decision.

Yes, same thoughts. More time is more possibilities of reaching the best investors.

And to get the media attention.

Is that a bad thing? I think it's only positive for them

We want to demonstrate to our investors that we are putting their funds from the presale to good use - we are aiming for the draft prototype to be completed for the pre-sale, and for the prototype to be fully deployed by the token sale. Our team is dedicated to transparency and want to prove to the world that we are more than just an idea, and have the expertise to execute our vision.

I do honestly believe transparency is critical in this business so whatever you can do to ensure investors can get more information is always welcome.

[ICOs]

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.

It's a great idea as i said. The industry would really benefit from a proven contract platform and from executing those actions in the blockchain

[coindoctor]

What will the investment limits be in each phase ? Loan industry is undervalued . . .

[poordeveloper]

What will the investment limits be in each phase ? Loan industry is undervalued . . .

You mean the HARDCAP / SOFTCAP or the limit for each investment?

[coindoctor]

What will the investment limits be in each phase ? Loan industry is undervalued . . .

You mean the HARDCAP / SOFTCAP or the limit for each investment?

Limit for each .

[KMP]

What will the investment limits be in each phase ? Loan industry is undervalued . . .

I agree! The loan industry on blockchain is still underdeveloped and it has huge potential. Some good discussions are happening on the FintruX Telegram channel: https://t.me/FintruX

[CryptoDad2017]

What will the investment limits be in each phase ? Loan industry is undervalued . . .

Can I ask what you mean by "phases"? Are you referring to the platform evolution phases?

[coindoctor]

What will the investment limits be in each phase ? Loan industry is undervalued . . .

Can I ask what you mean by "phases"? Are you referring to the platform evolution phases?

Pre-ICO , ICO . . .

[poordeveloper]

What kind of rate would be reserved as insurance against default for each loan?

[ezvm]

Looks like a great project here.

Your whitepaper mentions one of your partners being Microsoft. Are they a direct partner?
If so, how? It's not clear if they're your advisers, sponsors, investors, programming team etc. Please clarify how they're involved in FintruX.

[CryptoDad2017]

What will the investment limits be in each phase ? Loan industry is undervalued . . .

Can I ask what you mean by "phases"? Are you referring to the platform evolution phases?

Pre-ICO , ICO . . .

Ah! I see... here it is:

Presale 1 = 7000ETH cap (7.7 mil tokens)
Presale 2 = 7000ETH cap (7.7 mil tokens)
ICO = balance of tokens to reach max cap of 75 mil tokens

[CryptoDad2017]

What kind of rate would be reserved as insurance against default for each loan?

I remember reading that 10% of each loan is kept for over-collateralization. That's on the low side of a pretty standard industry rate.

[CryptoDad2017]

Looks like a great project here.

Your whitepaper mentions one of your partners being Microsoft. Are they a direct partner?
If so, how? It's not clear if they're your advisers, sponsors, investors, programming team etc. Please clarify how they're involved in FintruX.

Hi there! It does look great doesn't it?

I remember this question coming up here before... I believe that Robocoder (Nelson Lin's other company) is a fully fledged Microsoft partner for years. That's what makes the connection from Microsoft to FintruX. The FintruX team will benefit from the same partnership and support... which is huge!

[frcat]

So, you will have prototype after pre-sale or before? You will demonstrate your prototype on VanFunding 2017  conference?

[poordeveloper]

So, you will have prototype after pre-sale or before? You will demonstrate your prototype on VanFunding 2017  conference?

They stated this here:

Why you have so long pre-sale and crowdsale? (3 weeks + 4 weeks and 2 month delay between them). Good project raising money in a week or so 

Good projects take time. I've seen many failed ICOs lately because they rushed things and didnt manage to reach their targets.
It takes time to build a good project and to attract investors so my opinion is that FintruX made the right decision.

Yes, same thoughts. More time is more possibilities of reaching the best investors.

And to get the media attention.

Is that a bad thing? I think it's only positive for them

We want to demonstrate to our investors that we are putting their funds from the presale to good use - we are aiming for the draft prototype to be completed for the pre-sale, and for the prototype to be fully deployed by the token sale. Our team is dedicated to transparency and want to prove to the world that we are more than just an idea, and have the expertise to execute our vision.

[pat3fr]

I really like the idea of the project. Should look at it attentive. Good luck!

[coindoctor]

I really like the idea of the project. Should look at it attentive. Good luck!

It's a really good use of the blockchain . Everyone can just launch an ICO for any project, but it's completely different to be able to actually take advantage of the benefits and possibilities being based on the blockchain and smart contracts allows .